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Moscow
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Warehouse/Industrial Newsletter. October-November 2009 |
 | 17 december 2009 Category: Forecasts |
 | newsletter_industrial_october-november_2009_eng.pdf (filesize 54.08 KB) |
According to data of the Federal State Statistics Service, the October 2009 Industrial Production Index amounted in Russia to 88.8% to the year-ago figure and to 100.8% as compared to September 2009.
The trend of increased activity in the market of high-quality storage real estate in Moscow region which began to be observed in 3Q persisted at the beginning of 4Q 2009.
The multi-temperature storage center Agroterminal with total area of 56,000 m2 has been put into operation. The facility is located 30 km away from Moscow Ring Road MKAD down Simferopolskoye highway (M2). (Source: CRE)
13,000 m2 of freezing chambers in Agroterminal have been rented by Partner Logistics, top logistics operator in Europe specializing in handling frozen food stuffs. Knight Frank acted as transaction consultant. (Source: CRE)
The 1st phase of Yuzhnye Vrata (South Gate) Industrial Park with total area of 75,000 m2 located near Domodedovo International Airport has been put into operation by Giffels Management Russia. (Source: Arendator.ru)
Novy Impuls company promoting the Utkonos retail chain in Moscow region has rented 23,500 m2 in Severnoye Domodedovo Production and Logistics Center (PLC) intended for storage of high-turnover items (food, cosmetics, goods for children, household chemicals, etc.). (Source: Logistic.ru)
OST LLC representing interests of one of household appliances and consumer electronics market operators has signed a 5-year tenancy contract for 12,500 m2 in Severnoye Domodedovo PLC. (Source: CRE)
Development of new warehouse projects has been declared in certain Russian regions.
OAO Russian Railways plans to develop a logistics center with automated information center in the port of Ust-Lug. (Source: PortNews)
One of the largest logistics centers is expected to be constructed in the suburbs of St. Petersburg. The project shall include a roofed warehouse measuring 14,000 m2 and outdoor storage spaces (ca. 107,000 m2) over 23 hectares down Volkhonskoye highway (Source: Arendator.ru)
The International Financial Corporation (IFC) has invested €10 mn in construction of Kulon-Yugros logistics complex in Stavropol territory (city of Mineralnye Vody). Espro Group of Companies manages the project implementation. (Source: Loglink.ru)
Espro Group of Companies intends to construct in Saratov the logistics complex Volsky Trakt (class A) which shall include 80,000 m2 of A class storage areas, 5,000 m2 of sorting rooms and 5,000 m2 of offices. (Source: Arendator.ru)
Over RUR 5 bn were allocated for implementation of Kamskiye Polyany industrial park project in the Republic of Tatarstan. (Source: Arendator.ru)
The logistics terminal Yanino near St. Petersburg shall be launched in 2010. Investments in the dry port project have amounted to $70 mn as of today. A 30,000 m2 refrigeration warehouse, a special warehouse for refrigerators and a small outdoor warehouse for containers shall be put into operation early next year. (Source: Logistic.ru)
Sterkh Corporation has received the first tranche of the credit line extended by VTB North-West Bank for construction of a storage refrigerating facility. Designed project capacity: 25 to 28 thousand tons of goods stored at a time; commissioning date: 3Q 2010. (Source: Logistic.ru)
A large logistics centre, TorgServicePremium LLC measuring 20,000 m2 is expected to be constructed in Rostov-on-Don in the 7th km of Rostov-on-Don – Taganrog – Ukrainian border road. Start of construction: 2010, commissioning date: 2011. (Source: Arendator.ru)
The trend of upsurge in activity in the market of top-quality storage facilities which emerged at the beginning of 3Q 2009 allowed stabilizing offered rent rates and standardizing commercial terms and conditions at the beginning of 4Q.
The number of requests in October and November was at the level of the beginning of 2009 and amounted to ca. 50% of the maximal demand in March 2009.
The trend of increase in demand for services of logistics operators persists, including for cargo safekeeping services. In the current cost-cutting situation, many companies pay increasingly more attention to services of 3PL operators.
According to data of Knight Frank, the demand for 3PL services rose 2.5- to 3-fold in comparison with 2008 which may be also explained by decreased cost of 3PL operators’ services as compared to 2008.
Trends and outlook
According to Knight Frank, there will be no sizeable changes in demand in the high-quality storage real estate market until the end of 2009, market recovery and activity should be expected in 1Q 2010 which may be caused by a drop in supply in the storage facilities lease market.
Considering the structure of demand and current trends, the conclusion may be made that demand for cargo safekeeping (3 PL) and logistics services will continue to grow in 2010 as increasingly more companies will start to realize advantages of logistics outsourcing. As a result, it may bring to stabilization of the cost of the main kinds of 3PL operators’ services and their further positive adjustment.
