German retailer AVA has said it plans to open up to ten hypermarkets in the Moscow region in the next three to four years.
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The first hypermarket is due to open at the beginning of February in Kotelniki, east of Moscow. The €40m (US$42.6m) Marktkauf brand store will include a supermarket, a DIY home supply store and a garden centre.
AVA is currently choosing between 66 plots of land for the construction of a further seven or eight hypermarkets. The company predicts that more than 80% of the goods sold at its hypermarkets will come from Russia, reported the Moscow Times.
Turkish retailer Ramenka, German retailer Metro and French retailer Auchan already have stores in the region.
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