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In 3QU 2007, the total area of high-quality warehouse facilities increased by 43%, amounting to more than 470 000 sq. m (including logistical complexes and speculative warehouses and excluding warehouses used for own needs and freezers).
Table 1. Class A and B Warehouses Put in Operation in 3QU 2007
| № | Name | Address | Class | Investor/Developer | Rate, $/sq. m/year (triple net) | Total Area to be Put in Operation, sq. m |
| 1 | MLP-Utkina Zavod | Utkina Zavod | А | MLP | 120-130 | 80 180
(1st phaseg)
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| 2 | PNK-2 | Shushary | В | PNK | 130 | 41 212 |
| 3 | MLP-Utkina Zavod | Utkina Zavod | А | MLP | 120-130 | 80 180
(1st phaseg)
|
| 4 | Theorem-Terminal | 295 Obukhovskoy Oborony Pr. | В | Theorem | 225 ( incl. OPEX) | 11 090
(1st phase)
|
| 3 | Yuzhny | Shushary, Mira Ul. | B | Sovavto | n/a | 10 000 |
| Total | | | | | 142 482 | |
Source: Colliers International
Chart 1. Increase in High Class Warehousing Space, Break Down by Quarters of 2007
Source: Colliers International
By the end of 2007, around 89 000 sq. m. of new dry storage space are to become operational. All warehouse facilities meet class A standards.
Table 2. High-Quality Warehouses under Construction to be Opened in 4QU 2007
| № | Name | Address | Class | Investor/Developer | Total Area to be Put in Operation, sq. m |
| 1 | Interterminal-Predportovy | 75/1 Cubinskaya Ul. | А | Big City and Green Mark | 57 460 |
| 2 | PAN | Shushary, intersection of Mira Ul. and Lenina Ul. | A | Unipack | 17 500 |
| 3 | Nord-Ovosch | 63 Nepokorennykh Pr. | А | Nord-Ovosch | 10 000 |
| 4 | Admiral | Gorelovo, Krasnoye Selo, 48a Svobody Ul. | A | Admiral | 3 600 |
| Total | | | | | 88 560 |
Source: Colliers International
RENTS
Rents for class A warehouses are around $115-135 per sq. m. per year, rents for class B warehouses range from $110 to $120 per sq. m. per year (net of VAT and OPEX).
Safe custody services cost from $0.40 to $0.50 per pallet per day in class A warehouses and from $0.34 to $0.42 per pallet per day in class B warehouses (net of loading-unloading expenses and VAT).
SIGNIFICANT EVENTS
- For implementation of the Maryino Industrial Park project (on a 130 ha site in proximity to the Noydorf-Strelna Industrial Estate and the Ropsha Highway), a closed-end mutual real estate fund Industrial property, managed by VTB Asset Management, was established. 42 ha are assigned for the construction of warehouses consisting of eight class A terminals with a total floor space of 260 000 sq. m.
- M-Industry Group, specializing in housing construction, announced of its plans to enter the warehouse market. It will build a class A logistical terminal with a total floor space of 95 000 sq. m. in Utkina Zavod.
- KPD-Cargo announced a project for construction of a manufacturing and storage facility with a total area of 78 000 sq. m. in the town of Otradnoye.
- National Container Company (NCC) has started the construction of a logistical complex in Shushary. In particular, the project provides for the construction of warehouses, a wholesale complex and a container terminal.
- In August, the construction of the warehouse complex AKM with a total area of 150 000 sq. m. was started in Shushary.
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