LEROY MERLIN NIZHNY NOVGOROD hypermarket

TGC (PPF Group member) has started the construction of a multifunctional shopping and logistics park with the area of about 170,000 sq.m. in Nizhny Novgorod.

The implementation of this project involves the land parcel of 40 ha, located at the entrance of Nizhny Novgorod along the М7 federal highway (Moskovskoe highway).

The development of the land parcel begins with the construction of a LEROY MERLIN NIZHNY NOVGOROD hypermarket: TGC signed the contract with LEROY MERLIN VOSTOK, LLC for the sale of the part of the land parcel (6.5 ha).

It is expected to be a large hypermarket for construction materials and household goods (D.Y.I.) with the total area of 16 000 sq.m., which will become a part of the multifunctional shopping and logistics park projected by TGC.

TGC takes upon the whole organization of the project infrastructure: approach roads, internal transport logistics, and utility networks linking.  

Subsequent stages of the project will include the construction of one more shopping centre and A-class logistics park.

The whole project will be based on modern ways of ecological constructions and sustainable international technologies: certification of BREEAM and NFPA, and FM Global Standards.

Daniel Martineau, Deputy Director General for Commerce and Economics of TGC Company, commented on this event:

“We are so happy that Leroy Merlin will open the first shop in Nizhny Novgorod in July, 2018! And we feel even better, that it will be located in the territory of our multifunctional shopping and logistics park.

I’m sure that Leroy Merlin made a good decision, when choosing our park as the location area for its hypermarket. I think that other large retailers (and not only them) will join our first client in the nearest future.

Despite the tense regional situation in the real estate market, high-quality projects always attract their clients. In this case, it also became possible thanks to the support of Governor of Nizhny Novgorod region and the Administration of the city.

Today Nizhny Novgorod is an important administrative district of Privolzhsky Federal District and an agglomeration centre. Its population amounts to more than 2 million people. Opening of a new hypermarket can be explained by several factors: dynamic pace of municipal objects and private housing construction in Nizhny Novgorod, implementation of a new project of the Administration on granting of free land parcels to multi-child families, and federal and social status of the city.

Moreover, our project is beneficial to the city because it will bring more than 1,500 job positions, such that overall investment could amount to 10 billion rubles”.

LEROY MERLIN (www.leroymerlin.ru) – international retailing company, specializing in selling of goods for construction, designing and decorating of a house, country cottage and garden. Leroy Merlin is a leader in Russian DIY market. It helps people all over the world to improve their houses and life quality.