Warehouse supply to double in 2014
Warehouse & industrialschedule 30 January 2014
RUSSIA Almost 1.6 mln sqm of warehouse space could be delivered this year in the Moscow region, about twice as much as in 2013 (855,000 sqm), according to Jones Lang LaSalle’s estimates.
Among the major upcoming projects are new developments in PNK-Chekhov (139,000 sqm), South Gate IP (162,000 sqm), Synkovo LP (120,000 sqm), PNK-Northern Sheremetievo (174,000 sqm), Nikolskoe LP (106,000 sqm), Radumlya LP (100,000 sqm) and the second phase of Logopark Sever (100,000 sqm). “Almost all new warehouse space is typically pre-leased or sold before completion. The proportion of pre-leased and pre-sold space reached 90 pct in 2013 and BTS projects amounted to 35 pct of the total. T
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