Radius Group Invests 8.4 Billion Rubles ($248 Million) In The Expansion Of South Gate Industrial Park With Loan From Sberbank
Radius Group Invests 8.4 Billion Rubles ($248 Million) In The Expansion Of South Gate Industrial Park With Loan From Sberbank.
Moscow, Russia – 7 February 2014 – Radius Group, Russia’s most responsible, best in class provider of warehouse and manufacturing real estate solutions, received an 8.4 billion ruble ($248 million) loan from Sberbank for the expansion of it’s South Gate Industrial Park.
To continue its market growth and development, Radius Group has received a loan from Sberbank, the largest bank in Russia and Eastern Europe, and the third largest in Europe. The 8.4 billion ruble loan has been provided with a 10 year maturity rate. Radius Group plans to use the loan to build an additional 220,000 m2 of warehouse and light manufacturing space at the South Gate Industrial Park.
Currently, Radius Group has signed 4 build-to-suit contracts with tenants at South Gate accounting for 120,000m2 or over 50% of the 220,000;m2 to be constructed. The total warehouse capacity of the industrial park is 650,000 m2, of which 187,000 m2 have already been commissioned and put into operation.
The Radius Group team works diligently to meet its client’s needs and to further establish the South Gate Industrial Park as the leading warehouse and light manufacturing facility in Moscow. “For Sberbank to provide us with such a substantial loan demonstrates the level of trust and confidence that the leading Russian bank has in Radius Group’s management, projects and responsible business practices” noted Radius Group Managing Director, Christopher Van Riet.
At the same time, the deputy chairman of the Moscow Bank of Sberbank of Russia, Denis Konstantinov thanked the Radius Group team for their cooperation. He noted the difficult structure of the transaction and expressed confidence in the implementation of new large-scale projects with the participation of Sberbank and Radius Group.
The South Gate Industrial Park, the first and highest rated BREEAM certified warehouse facility in Russia, is located in the southern outskirts of Moscow and is already a selected Russian base of operations to some of the world’s most discerning companies with diverse and specific warehouse and manufacturing requirements, including General Motors (USA), John Deere (USA), Decathlon (France), Hartmann (Germany), Iron Mountain (USA), Kimberly-Clark (USA), Volvo Trucks (Sweden), Oriola (Finland), Svyaznoy (Russia), FM Logistic (France), Tablogix (Russia), and others.
About Radius Group
Headed by managing directors Christopher Van Riet and David Simons, Radius Group offers effective, responsible solutions for international Class A warehouses and industrial real estate in Russia. Radius Group uses its expertise in engineering, finance and marketing to minimize the risk in product development and fulfill their clients’ needs.
Since the company was established in 2006, Radius Group has successfully implemented green field development of built-to-suit, Class A properties in Moscow, Kiev, and Kazan. Since 2009, the company has focused on the development of its 650,000 m2 South Gate Industrial Park.
The winner of AmCham Awards – ‘SME Company of the Year’
The winner of Commercial Real Estate Moscow Awards Gold Bar 2013 – ‘Leasing Deal of the Year’ in the category: Industrial property
The winner of Commercial Real Estate Moscow Awards Gold Bar 2013 for 2013: ‘Best Warehouse Property’
The winner of Euromoney Real Estate Awards for 2013 – Best Industrial / Warehouse Developer in Eastern Europe
The winner of Euromoney Real Estate Awards for 2013 – Best Industrial / Warehouse Developer in Russia
The winner of Green Awards 2013 – Company of the Year
The winner of Green Awards 2013 – Category: Warehouse/Industrial Property
The winner of FIABCI Prix d'Excellence, for the best realized development project in the Russian real estate market in 2013, in the Category: “Sustainable Development. Energy Efficiency.”
About Southgate Industrial Park
South Gate Industrial Park is a project of unique scale in the Russian warehouse and light manufacturing market. South Gate provides quality warehouse space for lease as well as built-to-suit solutions.
South Gate is the first and highest rated BREEAM / Green industrial park in Russia. This ensures South Gate tenants that its buildings have low environmental impact, lower running costs and optimum working environments.
The park is located in the South of Moscow close to the Domodedovo international airport on the intersection of highways M-4 (Don) and A-107. The Park’s location enables it to be easily accessibly both from Moscow and from other Russian regions.
The total area of the industrial park is 144 hectares and warehouse facilities will occupy 650,000 m2 – of which more than187 000 m2 of warehouse space has been commissioned and put into operation.