A lease deal for over 11,000 sqm of warehouse space was concluded in the Moscow Region with the support from Colliers International
November 14, 2011, Moscow – M.Video signed a long-term lease agreement for 11,300 sqm in the Belaya Dacha Logopark Class A warehouse facility. International consulting company Colliers International represented the landlord in this deal. The agreement is signed for 6 years. M.Video is going to use the leased premises for accommodation of its unit responsible for home appliances delivery from all Russia’s regions, as well as for their storage and repair.
Belaya Dacha Logopark is located on a 30 ha land plot in the city of Kotelniki, Moscow Region. The total warehouse space is 147,000 sqm. This is a joint project of Hines development company and Belaya Dacha Group of Companies. Hines also provides property management services for the logistics facility.
Vladislav Ryabov, Director Industrial Property Department, Colliers International:
“M.Video was looking for warehouse premises to accommodate its logistics and goods repair business processes; therefore, the warehouse’s proximity to the MKAD was a matter of principle. Taking into account the shortage of warehouse space in the Moscow Region overall and in the immediate vicinity of the MKAD in particular, we think that Belaya Dacha Logopark was the best option for M.Video.”
Nicholas Schiloff, Project Manager, Hines:
“Being a real estate market leader both in Russia and globally, Hines welcomes our would-be long-term mutually beneficial cooperation with the top Russian distributor and seller of home appliances and electronics. We are glad to see M.Video joining the pool of over 500 companies in the Moscow Region which rely on construction quality and property management expertise offered by Hines to meet the daily needs and ensure development of their businesses.”