Radius Group made the year’s deal
Moscow, 16th May 2018. Radius Group, the leading industrial real estate developer, won the award at the annual CRE Awards for Industrial Real Estate Lease Deal of the Year. The judging panel awarded Radius Group the award for the 21, 000 sq.m. lease deal with Cainiao (Alibaba Group) for their first federal e-commerce fulfillment center that is located at South Gate Industrial Park.
The annual award ceremony took place on April 26th 2018 in Barvikha Luxury Village Concert Hall, Moscow. Radius Group won the award for Industrial Real Estate Lease Deal of the Year and received the CRE Awards golden brick. This is already the seventh award of the company in its participation history. Radius Group obtained its first brick in 2013.
Radius Group won thanks to the 21, 000 sq.m. lease deal in 2017 at South Gate Industrial Park with Cainiao, the logistics subsidiary of the e-commerce giant, Alibaba Group. The deal was made directly with Cainiao. Cainiao will place their main and Russia’s only order processing center for such internet platforms as AliExpress, Tmall and Lowcoster.
Cainiao is not the first e-commerce operator that has opened the pick-up center at South Gate Industrial Park over the last few years. Next, Leroy Merlin and Decathlon online retailers have already formed an e-commerce hub in the territory of the Industrial Park
“A distinctive feature of Radius Group is that we offer not just space but complex solutions to the market,” comments Zakhar Valkov, Radius Group COO. As Alibaba Group and, in particular, Cainiao is in the active growth phrase of their Russian business, they needed a reliable partner, who could provide their full support within the framework of the fast growth. We feel fortunate that Cainiao have chosen us and South Gate Industrial Park and are sure that this solution will allow our new resident to bring their logistics processes to a fundamentally new level, and ultimately became more competitive in attracting new buyers to their market places”
Anna Sorokina, Radius Group, Leasing and Marketing Director: “We greatly appreciate the CRE Awards and judging panel’s opinion. We are incredibly pleased to receive the award, especially taking into account high completion in this category. Our latest award gives us an incentive to move forward and improve the quality of the services provided”.