PNK Group to build new distribution warehousing centre for Holiday Classic in Novosibirsk – EuropaProperty

PNK Group is to construct a new multi-temperature distribution warehouse complex totalling around 50,000 sqm for the largest Russian food retailer, Holiday Classic group of companies.

The building will be located at PNK-Tolmachevo, an A+ Class warehouse complex in the Novosibirsk region. The delivery is planned for late 2014. CBRE acted as the leasing agent of the transaction. The deal has been heralded as the biggest in the regional market and one of the biggest in the Russian warehouse market.

Holiday Classic is already the tenant of PNK-Tolmachevo and now willing to move from standard warehouse premises to a new distribution facility, which is going to be constructed as a build-to-suit project. The transaction implies renting the new building and its subsequent purchase by Holiday Classic. The concept of the distribution centre caters for all the specific features of Holiday Classic’s activities and has a number of working temperature ranges including the freezing mode.

PNK-Tolmachevo warehouse complex is the largest warehouse project in the region, with the total area of 382,500 sqm. It is located 11 km from Novosibirsk and 2 km from Tolmachevo airport. The first phase of the complex with the area of 50,000 sqm became the winner of CRE Federal Awards in 2010. Liotech, a 40,000 sqm high-tech manufacturing plant by Rosnano constructed as a “build-to-suit” project is located in the territory of PNK-Tolmachevo, as well as Lenta’s 39,500 sqm multi-temperature warehouse.

Nikolay Skorokhodov, General Director, Holiday Classic group of companies, commented the transaction: “We chose PNK Group as a partner for its high professionalism and extensive expertise in warehouse development. Opening a new distribution centre in Novosibirsk, our key region, is going to help us to bring our logistics development strategy into life.”