Property News · December 6, 2016

Germany’s Metro Group keen on adding self-built stores in China despite surging land costs


As one of the first global retailers to enter China in the 1990s when the country partially opened its retail market, Germany-based Metro Group has taken a different path to develop its self-built stores and has owned a large number of properties since then.
Geoffrey Guo, expansion director and head of project development of China at Metro Jinjiang Cash & Carry, a joint venture set up with Shanghai-based Jinjiang Group, said at the time there was no way to find properties that can meet…

Source : South China Morning Post
Read more…Germany’s Metro Group keen on adding self-built stores in China despite surging land costs

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