The requested news item does not exist. Please return to News
Jones Lang LaSalle is appointed the exclusive agent of the 270,000 sq m area warehouse project
Moscow, 7 November 2013 – Logopark Development company which successfully realized the logistics park Logopark Sever is announcing the start of the new project in Moscow region. The class A warehouse complex of 270,000 sq m Logopark Sever-2 will be constructed in Solnechnogorsk district. The exclusive marketing, leasing & sales agent is Jones Lang LaSalle.
Logopark Sever-2 will appear on a 50 ha land plot near the village Litvinovo, in the North, close to the major transport roads – in 5 km from Leningradskoe Highway, in 1.5 km from the new high-speed highway Moscow – St. Petersburg (M11), in 500 m from the Moscow Small Ring (A-107). Logopark Sever-2 will become the nearest modern industrial scheme to the A-107 crossing the new high-speed highway, and later - the Central Ring Road (CKAD), that will provide the logistics park with the unique access to Moscow and the main federal roads.
The total area of the project is 270,000 sq m including 100,000 sq m which will be delivered in the first phase – it is planned to be completed in the second half of 2014.
The scheme provides an opportunity to realize a part of the area as build-to-suit for sale. Logopark Sever-2 design is developed in accordance with requirements of different businesses, including companies with high turnover of goods. Such companies will benefit from units designed specifically for cross-docking operations.
Apart from that, the scheme spacious territory comprises a vast parking area for trucks and passenger transport for 925 carplaces, two intercepting parkings for trucks waiting to be loaded and unloaded, an administrative unit with a canteen, and engineering infrastructure elements providing the project’s full autonomy.
Investment volume to the Logopark Sever-2 will account for more than 7 bln rubles, comprising equity capital and bank loan.
The tender for the project financial partner is at the final stage. Among the tender participants there is Middle-Russian bank of Sberbank Russia, which financed Logopark Sever.
Elena Bondarchuk, Logopark Development shareholder, comments: “The Logopark Development’s first project implemented in Solnechnogorsk district was highly appreciated by the national market players. At the moment Logopark Sever is commissioned and 100% let. The combination of improved characteristics, flexible layouts, more parking places and a more beneficial location with a reputable professional team will allow Logopark Sever-2 to become the most successful new project in the market. We highly appreciate the Moscow region Government for the provided support, particularly in the issue concerning land category changing.”
Petr Zaritskiy, National Director, Head of Industrial & Warehouse department, Jones Lang LaSalle, Russia & CIS, adds: “Given the first project experience which demonstrated a successful leasing process completed within record short term together with Logopark Development, we are confident in high demand for Logopark Sever-2. As the new project is to be delivered during the growing competition – about 680,000 sq m of new industrial space is planned to come out in the northern part of Moscow Region in 2014, it will positively differentiate by its beneficial location – due to the new road junction it will be possible to reach the scheme in 15-20 minutes from MKAD – as well as formats variety and the full range of new generation warehouse complex features – the so-called class A+.”
About Logopark DevelopmentLogopark Development deals with class A warehouse schemes development and its management. The company’s portfolio includes the operating and fully let warehouse complex Logopark Sever of the total area of 110,000 sq m as well as new developing projects in the Moscow region. The company’s shareholder Elena Bondarchuk has more than 10 years of experience in Russian industrial real estate market. Before starting her own development business Elena was a partner in PNK Group and the general director of warehouse complexes PNK-Sholokhovo and PNK-Chekhov.
About Jones Lang LaSalleJones Lang LaSalle (NYSE:JLL) is a professional services and investment management firm offering specialized real estate services to clients seeking increased value by owning, occupying and investing in real estate. With annual revenue of $3.9 billion, Jones Lang LaSalle operates in 70 countries from more than 1,000 locations worldwide. On behalf of its clients, the firm provides management and real estate outsourcing services to a property portfolio of 242 million square meters and completed $63 billion in sales, acquisitions and finance transactions in 2012. Its investment management business, LaSalle Investment Management, has $46.7 billion of real estate assets under management.In Russia and CIS Jones Lang LaSalle have offices in Moscow, St. Petersburg and Kiev. Jones Lang LaSalle, Russia was voted Consultant of the Year in 2004, 2006, 2007, 2008, 2009, 2010, 2011, 2012 and 2013 at the Commercial Real Estate Awards, Moscow and Consultant of the Year at the Commercial Real Estate Awards 2009, St. Petersburg. For further information, please visit www.jll.ru
Natalia Kopeychenko, Head of PR
+7 495 737 8000