X5 Retail Group and Freight Village RU to set up distribution centre on the border of New Moscow (RU)

freight distribution centre x5 moscow

X5 Retail Group, one of the largest Russian food retailers, and the Freight Village RU group of companies have signed a preliminary agreement to set up a distribution centre for the Pyaterochka retail chain at the Freight Village Vorsino logistics complex at the border of New Moscow and the Kaluga Region. The international consulting company Colliers International supervised the transaction.


The X5 Retail Group has leased Building 1 of the 38,700 m² Class A warehouse complex for ten years. The facility will feature dry warehousing, alcoholic beverage storage, and refrigeration areas, which X5 Retail Group itself will build.


The Freight Village RU Group has been implementing a project since 2011 to build one of Russia's largest multi-modal logistics centres in the Russia-specific ‘freight villages’ format. The concept of ‘freight villages’ was developed with the assistance of the Association of German Freight Villages (DGG – Deutschen GVZ-Gesellschaft, Bremen, Germany).


Vnesheconombank is a financial partner in the project. In late 2013, VEB and the Freight Village RU Group signed a loan agreement to provide 3.7 bln RUB (approx. €53.9 mln) over 11.5 years to fund the construction of a logistics complex on the border of New Moscow and the Kaluga Region. Total investment to date in the project is more than 7 bln RUB (approx. €102.1 mln).


The Vorsino industrial park currently hosts a modern logistics centre, which provides not only container cargo handling, but quality storage, customs, shipping and insurance services. The partner in the logistics terminal is Transcontainer, Russia's largest intermodal container operator.


The project will contribute to the redistribution of freight traffic in the Moscow transport hub and the formation of a modern transit hub in the East-West transport corridor, and it will also improve the investment attractiveness of the Kaluga region.


Source: Colliers International

Related News