Real estate developer PNK Group has been selected to construct 22,000 square meters of warehouse space for DMD-Cargo at a new facility 49 kilometers south of Moscow, according to a company statement on Monday.
The building will be located at PNK-Bekasovo, a new class A+ warehouse complex in the Moscow region. Construction works will begin this quarter with delivery of the facility planned for 2016.
"Excellent reputation, reliability, strong expertise and know-how were the main criteria we took into consideration when choosing a construction partner for our second phase," said Alexei Permyakov, executive director of DMD-Cargo.
"We found that PNK Group puts all those strong points together."
The build-to-suit contract was signed at the end of December 2013, with Knight Frank serving as the consultant of the transaction.
DMD-Cargo is focused on cargo storage and handling, international and domestic freight services, including care and custody, as well as a full range of services for retail and online retail.
PNK-Bekasovo will be located in Moscow region, along Kievskoye Shosse. The warehouse complex will have a total area of 160,000 square meters. The facility will take advantage of its proximity to the highway and to a new rail hub nearby.
