Adrian and Dragoș Pavăl, the founders of DIY chain Dedeman, have acquired the land and warehouses owned by DB Schenker in northern Bucharest, in a deal worth over €15 million.
The transaction, first reported by Profit.ro, came less than two months after the Pavăl brothers purchased Atenor’s Dacia One office project in central Bucharest.
The buyers are still analyzing development scenarios for the newly acquired land plot. At present, the warehouses are leased and a new store could be built in this location, although no final decision has been made yet.
Dedeman has a network of 56 stores across Romania and recorded a turnover of over 9 billion lei (more than €1.8 billion) in 2020.
