British Raven Property Group buys warehouses on Leningradskoe highway

Raven Group
Raven Group

The Federal Antimonopoly Service (FAS) allowed LLC “Sever estate” to get the ownership of the production facilities of the company “Industrial Park “Sever”, as follows from the message of the FAS.

“Sever estate” is part of the British company Raven Property Group (formerly Raven Russia), say two real estate consultants. According to SPARK, its CEO is Igor Bogorodov, who manages the Moscow branch of Raven Property Group.

According to SPARK, the “Industrial Park “Sever” belongs to the warehouse complex with the same name on the Leningradkoe highway. Its total area is 380 000 sq.m. the construction of this Park was carried out by the firm “Orientir” (former “Logopark development”) of Elena Bondarchuk.

In November 2017, Raven Property Group reported that it will buy 195 132 sq. m. in this facility. The transaction amount was estimated at 6.6-7 billion rubles.

Now the British company buys the remaining space in the logistics Park, said consultants who worked with the parties to the transaction.

Raven Russia is one of the largest owners of logistics real estate in Russia. Its portfolio is about 1.8 million square meters in the Moscow region, St. Petersburg, Rostov-on-don and Novosibirsk.

In recent years, the company has been investing in other real estate sectors. In 2017, it acquired portfolio of EPI Russia I Ky Fund, in which in addition to the logistics Park Gorigo (87 000 sq m) were included two office complexes Premium (11,000 sq m) and Kellerman (22,000 sq m) in Saint-Petersburg.

Depending on the technical equipment of the warehouse, their cost may be 35 000-50 000 rubles. per 1 sq m, says the head of Department of warehouse and industrial real estate of SIMP & Wakefield Egor Dorofeev. He assesses the price of “Sever” – 6.4 to 9.2 billion rubles, the managing partner of Colliers International Nikolay Kazansky – 6.4 to 7.4 billion rubles.

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