MLP’S PORTFOLIO “HAS GROWN”

The MLP management company has received another site into its management: a warehouse building with an area of 43,033 sq. m., with an adjacent land plot of 5.9 hectares, where there is a significant number of technical premises and parking areas for cargo and light vehicles.

This building was built as part of the Chekhov Logistics Park and was commissioned in December 2010. Currently, the warehouse is at 63% capacity. The largest tenant is the German company Schenker, who provides international logistical services. The facility’s vacancy rate is 37%.

“At present, we see the availability of vacant space at the facility as an advantage. The Moscow region market is now experiencing a clear shortage of high-quality warehouse real estate. We see this, among other things, based on the requests of current tenants at the Chekhov warehouse complex, which has been under MLP’s management since 2015, where there currently are no vacancies. All this allows us to be confident that we will fill the new warehouse with quality tenants at high rental rates in a short time, which will increase the facility’s capitalization,” commented Gleb Belavin, Deputy Director General for MLP.

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