Shopping City Sibiu expands:

JYSK opens a new store in Sibiu

Bucharest, 20 August 2014 Danish furniture retailer and interior JYSK Sibiu market expands, opening in Shopping City Sibiu the 18th store in Romania; unit will be the first of Sibiu and also the first in shopping centers owned by ARGO network (Argo Real Estate Opportunities Fund) in Romania.
“To accommodate the new store JYSK, Shopping City Sibiu will assign an independent unit with two floors dedicated exclusively Danish retailer. Store will have an area of 1,300 square meters and will be built as an individual unit in the shopping center parking lot near the units Mobexpert and Zoomania, “said Avi Shloush, Commercial Director Argo Capital Management.
GROUP JYSK opened its first store in Denmark in 1979, and today has over 2,100 units in 36 countries; in Germany and Austria, operates under the name Dänisches Bettenlager, JYSK being used in the world. Behind JYSK Group is the founder and owner of the company, Lars Larsen, who owns the furniture retail chains, IDEmøbler and ILVA, and other companies; total turnover of all companies LARS LARSEN GROUP is 2.9 billion.
JYSK has entered the market in Romania in 2007 and now has stores network in Bucharest, Arad, Baia Mare, Constanta, Cluj, Deva, Galati, Oradea, Pitesti, Satu Mare, Suceava, Targu Mures, Timisoara si- in curand- in Sibiu.
JYSK is one of the leading retailers of furniture and furnishings from Europe. The company sells home and garden furniture, mattresses, quilts, pillows, curtains, decorations, home accessories, bath products, storage solutions, etc.
“JYSK store will increase the mix of retailers in our shopping center in Sibiu, as dedicated area furnishings and decorations will increase by 15%, giving buyers more options in Sibiu, in addition, offer JYSK is a very suitable addition to products of the same class sold by other retailers. We are glad that the first store that Danish retailer opens it in Sibiu will be hosted by our shopping center, “said Avi Shloush.
The deal was facilitated by real estate consultancy company Jones Lang LaSalle (JLL). “Shopping City Sibiu is one of the best shopping centers in the country, the regional importance, where the strongest international retailers operates in a while. After expansion in Bucharest and cities with 300,000 inhabitants (as Timisoara, Cluj, Constanta etc.), Sibiu is the next destination for retailers looking for a performance center with very good traffic. JYSK chose this option precisely these reasons, the center is one of the priorities of this retailer expansion, “said Carmen Ravon, Head of Retail Agency of JLL.
Following the extension of the space with the new unit will be built to accommodate JYSK store, the Shopping City Sibiu GLA will reach about 81,500 square meters and the degree of occupancy will rise to 98%.
New JYSK store in Sibiu will be inaugurated in mid-October.


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