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News Release

Moscow

Ghelamco construction of Dmitrov Logistics Park


Moscow, 18th May 2009 – Ghelamco Russia and Jones Lang LaSalle are pleased to announce that phase I of Dmitrov Logistics Park, a major logistics park development in the Moscow region, is on track for delivery by the Q1 2010.
Jones Lang LaSalle is the exclusive marketing and leasing agent for this property.
 
Ghelamco has already received approval from State Expertise along with an order for construction, which is already underway. Foundation piles have been installed and pile caps are currently under construction. Ground-level works are expected to become visible within six to eight weeks.
 
Dmitrov Logistics Park is a new large scale warehousing development, offering about 223,000 sq m of high quality logistics facilities for lease. The project is located 30 km from MKAD to the north of Moscow, right on the junction of Dmitrovskoe highway (A-104) and Federal highway A-107 (“Betonka”). Access to and from the site will be via “Betonka,” allowing trucks to turn to both Dmitrovskoe and Leningradskoe highways.
 
Construction will be carried out in phases: Phase I comprises about 61,500 sq m of warehousing and office space built according to the highest international standards and delivered by the Q1 2010. Despite current economic circumstances a steady number of enquiries are being received and both Ghelamco and Jones Lang LaSalle are confident that the Phase I will be leased either before or shortly after building completion.
 
Peter Zaritsky, Associate Director, Industrial and Warehousing Department, Jones Lang LaSalle Russia and CIS, said: “Currently Dmitrov Logistics Park is the largest warehousing project under construction in the northern region of Moscow. Its prime location, world-class construction standards, flexible division of leasable areas, availability of additional electricity capacities and the possibility to provide built-to-suit solutions are major competitive advantages of the projects. We consider them to be the key factors of success.”
 
 
 
About Ghelamco
Ghelamco – established in 1985 – is an international property development and general contracting company. With a diverse land portfolio the company is already amongst the top developers in the distribution and warehouse, office and residential sectors of the European commercial real estate market. The philosophy of the company is based on creating flexible and customized solutions, correlating with the individual needs of various clients. The Ghelamco team consists of highly qualified specialists in all spheres of its activity. Ghelamco is historically active in Belgium, Poland, France and the Netherlands. In 2006, offices in both Moscow and Kiev were opened.  In keeping with its overall strategy, Ghelamco is laying foundations for long-term business activity in both these markets and expects to play an increasingly active role in the property markets of Ukraine and Russia for many years to come.
 
About Jones Lang LaSalle
Jones Lang LaSalle (NYSE:JLL) is a financial and professional services firm specialising in real estate. The firm offers integrated services delivered by expert teams worldwide to clients seeking increased value by owning, occupying or investing in real estate. With 2008 global revenue of $2.7 billion, Jones Lang LaSalle serves clients in 60 countries from 750 locations worldwide, including 180 corporate offices.  The firm is an industry leader in property and corporate facility management services, with a portfolio of approximately 1.3 billion square feet worldwide. LaSalle Investment Management, the company’s investment management business, is one of the world’s largest and most diverse in real estate with more than $41 billion of assets under management.
In Russia and CIS Jones Lang LaSalle have offices in Moscow, St. Petersburg, Kiev and Almaty. Jones Lang LaSalle, Russia was voted Consultant of the Year in 2004, 2006, 2007, 2008 and 2009 at the Commercial Real Estate Awards (Russia). For further information, please visit our Web site, http://www.joneslanglasalle.ru