Megalogix Novosibirsk

completed

Megalogix Ltd (the company) is a 50:50 joint venture between Raven Russia Limited and Avalon Equity (Overseas) Ltd, who has extensive and long standing businesses in Russia. The objective of the Megalogix joint venture is to develop Grade A logistics warehouses in major regional cities across Russia and the CIS, creating an integrated distribution network. The proposed investment (Logopark Ob or the project) is part of the above mentioned large scale initiative of Megalogix and involves the construction of a class A warehouse facility of approximately 103,000 square meters in the city of Novosibirsk designed for storage of consumer goods at ambient temperature and delivery to the shopping malls. The site (about 18 ha) is located south of Novosibirsk close to M51 highway, which connects the city with Moscow, and less than 3km from the trading and commercial zone, which includes Ikea and Mega shopping malls. The property has a direct access from the Petukhova street that will be widened from 2 to 4 lanes. An access to the existing railway network will be attained by the construction of a 900 m-branch railway, 600 m of which is located on the warehouse territory.