First Class A Logistics Park to be Delivered in New Moscow in 2014
Kievsky-22 is the first Class A logistics project which was started in New Moscow after the boarder expansion. Phase 1 delivery is scheduled for Q4 2014. Developed by CPD Group, Kievsky-22 Logistics Park is uniquely located in New Moscow in close proximity to Kievskoe Highway (M3). With a total area of 114,000 sq m, Kievsky-22 will allow its tenants to efficiently service both Moscow and the regions. Jones Lang LaSalle and Knight Frank are appointed co-exclusive leasing agents.
Kievsky-22 Logistics Park is located 22 km from the MKAD and less than 1 kilometer from Kievskoe Highway. Kievsky-22 provides easy access in either direction on Kievskoe Highway via the nearby ‘cloverleaf’ highway interchange. It is also close to labor sources in Troitsk and Aprelevka.
The construction of Kievsky-22 has already commenced with the first phase of 42,200 sq m GBA to be commissioned in Q4 2014. The general contractor is PSO13, which has a strong track record in quality warehouse construction. The architectural concept of the project was designed by Aedas.
Kievsky-22 is fully financed with a combination of debt and equity. A credit agreement has been signed with Gazprombank for financing of the construction.
Bill Lane, Managing Director, CPD Group, said: "Kievsky-22 Logistics Park is the first warehouse project to be approved for New Moscow. It meets the Moscow Authorities goal in terms of job creation. We are employing the latest warehouse technologies and value engineering to deliver an institutional quality Class A logistics park for the market. Thanks to the professional project team and compelling location, Kievsky-22 is already benefitting from very strong interest from both domestic and international companies."
Petr Zaritsky, National Director, Head of Warehouse & Industrial Department, Jones Lang LaSalle Russia & CIS, said: "Kievskoe Highway is a perspective direction which connects the city with the Vnukovo Airport, and has recently become a part of Moscow area. The stock of Class A warehouse schemes amounts to 850,000 sq m, but there is no space available. Kievskoe Highway is in a big demand among retailers as well as other companies aimed at Moscow city distribution. Given the fact that Kievsky-22 is the only new class A warehouse project which is planned to appear in this direction this year, it will definitely attract the tenants looking for a high quality DC with excellent location."
Viacheslav Kholopov, Partner, Director of Warehouse & Office Departments, Knight Frank Russia & CIS, says: "A project of this size – 114 thousand sq m – located at one of the most demanded highways of the Moscow Region is going to find its tenants during the construction stage. This, along with the project’s being delivered in two phases of about 42 and 72 thousand sq m as well as the current activity in the industrial and warehouse market make Kievskoe-22 quite attractive for buyers – both end users and investors."
About CPD Group
CPD Group is a leading real estate development partnership offering a full range of development, investment and asset management services. CPD’s principals have over 70 years of combined development and investment expertise in Russia and have worked together for more than 15 years. CPD’s principals have raised over US$615 mln of capital for investment in Russia and the CIS and have overseen over US$2.8 bln of investment in this region. CPD Group’s other development projects currently include a 70,000 sq. m. Class A build-to-suit warehouse in the Moscow Oblast.
For further information, please visit www.cpd-group.com
About Jones Lang LaSalle
Jones 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 $4.0 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 279 million square meters. Its investment management business, LaSalle Investment Management, has $47.6 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
About Knight Frank
Knight Frank LLP is the leading independent global property consultancy. Headquartered in London, Knight Frank and its New York-based global partner, Newmark Knight Frank, operate from 370 offices, in 48 countries, across six continents. More than 12,500 professionals handle in excess of US$817 billion (£498 billion) worth of commercial, agricultural and residential real estate annually, advising clients ranging from individual owners and buyers to major developers, investors and corporate tenants. In Russia and the Ukraine, Knight Frank offers a full array of agent and consulting services in all segments of the real estate market.
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