Construction Kick Off on A-Class Office Building close to Kiev
The GLD INVEST GROUP is erecting a 6,000 m² office complex on Kiev’s city boundary.
West Gate Office – a 6,000 m² office complex
West Gate Office, a five-storey office property, is being built on the “West Gate Logistic” site – a complex, which currently consists of two warehouses. Construction of the new property started in autumn 2008 and is set for completion by mid 2009.
The fully-fitted A-class open-space building is air-conditioned and provides 6,000 m² of office, restaurant and retail space. The complex also comprises three lifts and secured parking.
West Gate has direct highway access, and is situated only 1 km from the city boundary.
“The very fact that the GLD INVEST GROUP can go ahead with construction at this difficult time clearly demonstrates our strategy to gear our projects towards the current market situation, and supply properties to satisfy demand,“ says Clemens Lehr, Managing Director, GLD Invest Ukraine LLC
West Gate Logistic – a 95,000 m² logistics complex
“West Gate Logistic” is an A-class logistics project which was also developed by the GLD INVEST GROUP in Ukraine. The complex comprises two properties (warehouses) and extends over a total area of 95,000 m². The first 7,500 m² warehouse, fully leased to Mary Kay, was built in the period between March 2007 and February 2008. The second warehouse has a total area of more than 87,500 m², and is to be completed by the end of 2008.
GLD INVEST GROUP
As a private Austrian real estate developer, which designs, builds, leases out and sells commercial properties such as logistics and business parks in Central and Eastern Europe, the GLD INVEST GROUP offers its clients Class A real estate in prime locations, western standards, an international tenant mix with good ratings and solid yields.
After six years of successful business relations, the two Austrians Leopold Sandler and Gerhard Zehethofer set up GLD Holding GmbH in 2005. Projects planned since 1999 amounted to a total value of around € 870 million at the beginning of 2008: Completed properties make up € 200 million of this portfolio, with projects under construction and secured pipeline projects amounting to € 140 million and € 530 million, respectively. This corresponds to a leasable area of around 525,000 m², with an additional 57,000 m² of parking space.
In 2007 the investment portfolio showed growth of over 40%.
The company is represented by more than 40 employees in Vienna, Kiev and Budapest.
Kiev, 2 October, 2008
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West Gate Office, GLD INVEST GROUP, Picture may be reproduced free of charge