Pharmaceutical company IRWIN 2 rented 10,000 sq.m in the Warehouse Complex Podolsk
Pharmaceutical company IRWIN 2 rented 10,000 sq.m in Class A Warehouse Complex Podolsk. The company Knight Frank was representing the owner.
IRWIN 2 is a major distributor of medicines, healthcare products and medical equipment in Russia, which in June 2009 became a part of a vertically integrated holding company FarmEco. The enterprises of the holding company have been working in the pharmaceutical market since 2001.
More than 2,500 pharmacies of Moscow and Moscow Region and about 450 health care institutions in 89 regions of the Russian Federation are regular customers of IRWIN 2. The total number of qualified personnel of the holding company exceeds 1,100 people.
The Warehouse Complex Podolsk is a large Class A logistic facility in the South of Moscow Region, its total area is 205,000 sq.m. It is located 17 km from Moscow Ring Road (MKAD) on the Simferopolskoe Shosse (M2), through which the main turnover of South Russia goes. Current tenants of Warehouse Complex Podolsk: X5 Retail Group N.V, Euroset, Wildberries, Snezhnaya Koroleva, ROSTA, major logistics operators: GEODIS, DHL, etc. The facility belongs to the BIN Group and is controlled by the Russian warehouse property market leader - MLP Management Company. Total warehouse area controlled by MLP Management Company in existing logistics complexes exceeds 1.7 million sq.m.
Konstantin Fomichenko, Director of Corporate Clients Solutions, Warehouse, Industrial and Land Department at Knight Frank, said: “The Warehouse Complex Podolsk is the first warehouse complex leased by IRVIN 2. Previously, the company was using the services of logistic operators. The warehouse is conveniently located close to the pharmaceutical manufacturing facilities of the company that makes it possible to optimize time and transport costs for management and personnel.
Vladimir Penzev, Director of Logistics at IRWIN 2, said: “Leasing a new warehouse for our company was caused by the expansion of our business. This deal was good for us. On the one hand, Knight Frank has provided us not only with a qualified advice on warehouse properties market in the region, but also with high-quality transaction support. On the other hand, the owner of the Warehouse Complex Podolsk has demonstrated its desire to see us as a tenant when negotiating. Their willingness to assist in licensing of the warehouse and to compromise on important issues for us made the deal more attractive to our company.”
Gleb Belavin, Deputy Director General for Tenants Interaction at MLP Management Company, commented: “The emergence of the pharmaceutical company IRWIN 2 among the tenants of the Warehouse Complex Podolsk gives confidence that our company has got one more reliable partner. The growth rate of the domestic pharmaceutical market has remained stable for the last 5 years, at an average of 14% a year. Besides, our company has some successful experience of long-term cooperation with pharmaceutical companies, we know and understand their specific nature, we are confident that it will help us to establish effective relations with the new tenant.”