The GLD INVEST GROUP, among the leading international real estate developers in the Ukraine, sells the fully leased logistics park "East Gate Logistic" to the AKRON GROUP.
East Gate is a logistics park built to western specifications, with integrated office premises. The park is located east of Kiev, only 5 km
away from the airport Borispol and extends to around 50,000 m².
The total area comprises almost 40,000 m²
of warehousing, over 4,500 m²
of mezzanine storage and over 4,500 m²
of office space.
50% of the area had already been let out for a ten year term before construction even started. A forward deal with the Austrian real estate investment group AKRON was signed in September 2006.
The last stage of construction was completed on schedule in October 2007
after a total construction time of less than 18 months.
At the time of closing, at the beginning of 2008,
the property was fully leased to three international companies: namely FIEGE, a well-known German logistics service provider; Spot, a company of Sportmaster, Russia's largest sporting goods retailer; and GROUPE-ATLANTIC, a French producer of heating appliances.
"The demand for commercial real estate projects that are built according to western specifications has shown us that our decision to develop in the Ukraine was the right one. GLD is one of the first international developers to venture into this market, and our success proves us right. Speed and flexibility are what give the GLD INVEST GROUP an essential competitive edge. Our next project, the logistics park "West Gate", is to be completed this year. "West Gate" is located at the other end of Kiev, with a net rentable area of approximately 94,000 sq m",
says Clemens Lehr, Managing Director, GLD Invest Ukraine LLC.
Western specifications
The offices are fully fitted out, with fibre optic lines if required. The concrete floors of the warehouse, with an anti-dust overlay, have a load capacity of 5 tons per sq m.
The warehouse has a column grid of 12 m x 18 m,
the clearance height is 11.2 m.
For each 850 sq. m
of storage space, there is a loading bay with dock leveller. Even with an outdoor temperature of 24°C
below zero, a room temperature of +5°C
can be reached. A sprinkler system protects the facility against fire. The secure, enclosed site provides parking for 40 trucks
and 80 cars.
GLD INVEST GROUP
The GLD INVEST GROUP is among the leading international property developers in Ukraine. As a privately held property development company, GLD plans, builds, lets and sells commercial real estate such as logistics and business parks in Central and Eastern Europe. It offers its clients class A properties in prime locations, western standards, an international tenant mix with good credit ratings and solid yields. After years of successful cooperation, the two Austrians Leopold Sandler and Gerhard Zehethofer set up GLD Holding GmbH in the year 1999. At the beginning of the year 2008, projects planned from 1999 onwards, recorded a total value of around €820 million. Properties already completed make up € 80 million
of this portfolio, with projects under construction and secured pipeline projects amounting to €260 and €480 million,
respectively. This corresponds to a leasable area of around 500,000 m²,
with an additional 57,000 m²
of garage space. The portfolio value showed an increase of 40% last year.
GLD Invest Ukraine LLC is headed by Clemens Lehr and Christopher G. Hendler. It has more than 30 employees
located in Ukraine.
Kiev, 4 February 2008
Photos: East Gate Logistic, GLD INVEST GROUP, Photos may be reproduced free of charge.