Real estate developer Häuser Oberschneider has started the construction of international construction goods retailer Bauhaus’ first store in Estonia in the Lasnamäe borough of Tallinn.
The store in the Tähesaju City, located on the crossing of Mustakivi and Laagna roads, will cover 20 000 square meters, making it the largest construction goods shop in the country, said Paul Oberschneider, the CEO of Häuser-Oberschneider OÜ.
The construction works are due to be completed by April 2010. The building contract has been signed with construction firm OÜ Fund Ehitus and the estimated investment into the development will be EEK 220 million, which will be covered from internal resources, added Oberschneider.
More than 100 000 articles are sold in the Bauhaus shopping centres for workshops, house and garden. Both private customers and small businesses find a wide assortment of quality products with competitive prices under one roof in all Bauhaus countries. All stores across Europe are based on one concept, with a full lineup of goods and a culture of best quality of service, said Marina Vahtola, general manager of Bauhaus in Finland and Estonia.
The choice of products in the Estonian Bauhaus store will be based on the latest trends in European demand and Bauhaus expects to compete by providing Estonian clients with a positive new choice in goods, services, and customer service, said Bauhaus shopping centre manager Priit Jamnes.
OÜ Häuser Oberschneider, focused on the development of retail space, has since 1999 developed altogether 90 000 square meters of shopping areas, with the Norde Centrum, Lasnamäe Centrum and Lasnamäe Prisma the best known in Estonia.
Bauhaus, established in 1960, is a privately owned, German network of shopping centres with around 200 branches in 14 European countries: Germany, Austria, Spain, Croatia, Denmark, Sweden, Norway, Switzerland, Turkey, Slovenia, Czech Republic, Hungary and Finland. The next Bauhaus centres will be unveiled in Estonia and Iceland, the closest Bauhaus stores to Estonia are currently in Finland in Espoo and Vantaa.
Upon completion Tähesaju City will house mainly different interior design, construction goods and home electronics stores on 100 000 square meters.
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