Obuv Rossii began the reconstruction of the administrative building in Novosibirsk, which the company acquired more than a year ago. The new building will house the head office of the company. As a result of the reconstruction, the total area of the premises will increase three times - up to 6,7 thousand square meters. The project will be financed from own and borrowed funds. Investments in the reconstruction will amount to 300 million rubles.
The decision to reconstruct the building and expand the area is associated with the growth of the Shoe of Russia business and the development of new projects. In 2011, the company increased its revenue by 40% and opened more than 60 stores throughout Russia. Among the new Shoe of Russia projects is a line of related products under the Westfalika brand, a specialized chain of Emilia Estra bags and accessories stores, and non-standard customer services.