PNK Group, the leader of the Russian warehouse and industrial real estate market, is to construct 22,000 sq m of warehouse space for DMD Cargo. The building will be located at PNK-Bekasovo, a new A+ class warehouse complex in the Moscow region. The construction works will begin in the Q1 of 2014, the delivery is planned for 2016.
The build-to-suit contract was signed at the end of December 2013. Knight Frank was the consultant of the transaction.
DMD Cargo is focused on cargo storage and handling, international and domestic freight services, including care and custody, as well as a full range of services for retail and online-retail.
PNK-Bekasovo will be located in Moscow Region, 49 km from the Moscow Ring Road, along Kievskoye Highway. The warehouse complex will have the total area of 160,000 sq m and the warehousing area of 128,000 sq m. DMD Cargo is to become the first tenant of the complex, which is currently in the stage of predevelopment. PNK-Bekasovo will boast with all the benefits of A+ class warehouse complex. It is being designed and constructed with respect to the requirements of FM Global, one of the worlds’ largest insurance companies, focused on loss prevention services.
Alexey Permyakov, Executive Director, DMD-Cargo: “Excellent reputation, reliability, strong expertise and know-how were the main criteria we were taking into consideration when choosing a construction partner for our second phase. We find that PNK Group puts all those strong points together. Also among the main advantages of the complex there are the good location at Kievskoye Highway, the demand for which has been growing recently, and the proximity of the Moscow Distributing Railway Station.”
Oleg Mamaev, Executive Director, PNK Group: “It seems to be a trendsetting sign, that the build-to-suit for sale scheme sees the growth in interest from more and more Russian companies involved in logistics and different branches of economy. PNK Group is the only Russian developer having a huge experience in this kind of projects. Currently, in our portfolio, we have more than 20 properties constructed according to the build-to-suit” scheme for clients from different businesses. This gives me the confidence that we will be able to meet all the expectations of our clients including the very challenging ones.”
Anton Repin, Director of LLR, Industrial Department, Knight Frank: “This agreement can be seen as a part of the last two years’ market trend when more and more Russian companies have been purchasing high-quality warehouse properties, constructed with respect to their particular requirements, with 100% legal transparency of the transaction. The flawless reputation of PNK Group to a great extent contributed to closing this deal, due to the company being a recognized leader in A+ class build-to-suit warehouse development. A good location at Kievskoye Highway, with good access to Moscow and a railway station nearby is the main competitive strength of the new warehouse complex.”