PNK Group will build a second multi-temperature warehouse for Verniy one of Russia’s fastest-growing grocery store chains.
The facility will measure 43,000 square meters and is being constructed at class A+ industrial park in St Petersburg.
Cushman & Wakefield were involved in the deal as advisors and according to the firm, it is the largest warehouse deal in class A and A+ in the history of the market.
In the past, PNK Group and Verniy had signed an agreement to build a similar type of warehouse at Moscow’s PNK-Sever industrial park.
The St Petersburg construction project will take at least 12 months to complete. Verniy is planning to move into the new facility in the third quarter of 2014.
It’s a good location to distribute goods in the city of St Petersburg as well as the Northwest region of Russia.
The total project area adds up to 70,000 square meters of high-quality class A+ warehouse facilities.
Previous Post
Cut Price Birmingham Landmark on the Market
