Giffels Management Russia's changes name to Radius Group (RU)

Giffels Management Russia, led by managing directors Christopher Van Riet and David Simons, has changed its name to Radius Group.

Radius Group is a leading development firm providing world-class warehouse and industrial real estate with flexible financing solutions in Russia. The company has partnered with a new financing source to increase warehouse capacity at its flagship 104-hectare industrial park, South Gate, 30 kilometers south of Moscow, the first part of which is a 51,000-m² expansion to be completed in 2012.

The name change to Radius Group highlights the company's 'can-do' and responsible approach to developing supply-chain real estate in Russia for leading and global companies.

Radius Group began development of its South Gate industrial park project in 2006. According to Co-Managing Director Christopher Van Riet, "The company's vision has been to help bring the world to the Russian marketplace, as the local Russian market remains underserved by modern industrial supply-chain infrastructure.

"Our warehouse development strategy is to minimize risks and costs for our customers who already are, or who want to do business in Russia—in a manner that maximizes value to their business. Our role is to be a driving force behind our customers' Russia strategies."

Radius Group completed Phase 1 of South Gate, 76,500 m², in September 2009. In April 2010, John Deere established a multiproduct manufacturing facility and national parts distribution center at South Gate as part of its significant expansion in Russia. Additionally, in April 2011, Radius Group completed a build-to-suit project for Volvo Trucks, a state-of-the-art truck service center, at the South Gate site.

Co-Managing Director David Simons explains the company's flexible approach to development as well as the rationale for the name change: "In close consultation and collaboration with our customers, we can adapt existing lease space according to their unique standards and business needs—or we can meet a customer's need for customization and full ownership by executing build-to-suit projects like Volvo's truck service center.

"We offer comprehensive design, build, and financing strategies to our customers. Today's change of name to Radius Group better reflects our proven engineering and project management expertise, as well as our full spectrum design, build, and financing offerings to customers. A radius is a critical concept in mathematics and science, and also captures the whole circle in its sweep."

Immediate steps to launch the new Radius Group name include the introduction of a new logo and brand identity, the launch of a targeted advertising campaign, and the unveiling of a new website.

Source: D2 Marketing Solutions

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