Metro-My market: Investments of 250 million in five years

Of George Lampiris

The Metro Group, which manages both the Metro Cash & Carry wholesale stores and the My market retail stores, is implementing a total investment of € 250 million over a five-year period.

The specific amount will be allocated to the development of the group’s network, to the creation of another logistics center in the area of ​​Aspropyrgos as well as to renovations of shops and facilities, which include “green” investments with the replacement of refrigerators in stores and the addition of photovoltaics.

The group has invested in recent years in energy management with equipment replacement and investment in lighting, with savings of up to 35% over the last five years in energy costs.

An 18m-euro photovoltaic program is currently under way in most stores and distribution centers to ensure its energy efficiency.

In the context of the total investments that it implements, the cost for the installation of photovoltaics that will be completed in 2023 has a cost of 18 million euros.

The expansion of the logistics center of the Metro group in the area of ​​the Thessaloniki Bridge is currently being completed, where the cost in this case amounts to 25 million euros.

Remember that the expansion concerns the doubling of the storage capacity from 20,000 sq.m. at 40,000 sq.m. Through this situation the group covers its needs in the region from Larissa to Northern Greece.

According to the managing director of the company, Aristotelis Panteliadis, the goal is to create another logistics center in Aspropyrgos.

Currently the group maintains logistics centers in Oinofyta, in Mandra (former facilities of Veropoulos), while it leases another unit exclusively with cold rooms, which is located in Aspropyrgos.

The aim of the group is to abolish the two logistics centers in Aspropyrgos and Mandra, Attica, with these facilities being transferred to the new logistics center that it seeks to create in Aspropyrgos.