AKRON Group starts another first-rate logistics center in Kiev. The Baltic Logistics Park (BLP) will be an A-class project covering a total of 46,000 m² (of which 3,000 m² will be office space), thus, it will be one of the state-of-the-art logistics sites in Kiev. The property has excellent access and is located 6 km from Boryspil highway and 13 km from Kiev city.
AKRON Group's consultant in this transaction was Colliers International Ukraine; 80% of the total financing will be provided by an Austrian bank.
"Professional international developers play an important role in stimulating the market. The demand for first-rate logistical premises will not diminish in the coming years. We're expecting the strong market growth to persist and, therefore, see Ukraine as an important core market," explains Stefan Ausch, Partner of the AKRON Group.
The AKRON Group was one of the first Austrian real estate companies to identify the favourable market conditions offered in the Ukraine and successfully established itself as a pioneer in the country in terms of quality.
The logistics market in the Ukraine continues to experience strong growth and the demand for modern standards have increased considerably. Although 200,000 m² of new space was delivered in 2007, the availability of A-class logistics centers remains scarce. Consequently, current rents are notably higher than in the rest of Europe and amount to