The second stage of the Volga industrial park to be built until 2011

The second phase Volga Industrial Park, which is being built seven kilometers from Nizhny Novgorod, will be built before the end of 2011, told RIA Novosti on Tuesday as part of an international real estate exhibition MIPIM-2011 Griffin Partners analyst Anastasia Kornevich. According to her, The first phase of the project a Class A industrial park area of 31 thousand square meters has already been built and rented.

"Volga Industrial Park" located 7 km from Nizhny Novgorod to Kstovsky area on the federal highway M7. The new facility will consist of logistics and industrial complexes. Logistics Complex consists of three warehouse buildings "A" class area of 60 thousand square meters. m each. Floor area is 180 thousand square meters. The construction is carried out by "Kstovsky Industrial Park 1". The project is funded by a joint venture mutual fund Amstar Global Partners and Griffin 2 Development. Construction management company carries PromaEsteyt. General contractor — the company MaraschStroy.

To date, there are already positioned coffee production, the service center for trucks. On the platform laid all the necessary services and utilities, there are electric power, natural gas is let down. The area is fenced and protected, built direct access to the M7 federal highway.

The second phase will be completed by the end of 2011, an area of 60,000 square meters. The total construction completion is scheduled for late 2012 — early 2013.

The total acreage in the industrial park of 180 thousand square meters, of which 50,000 — a project for a specific customer.

As added Kornevich, the developer building, which stands Griffin Partners, has invested in the project Volga Industrial Park about 42 million euros, and the total construction budget is 114 million euros.

The Government of the Nizhny Novgorod region will present at the international exhibition of commercial real estate MIPIM-2011, which runs from 8 to 11 March in Cannes, France, four of the project for the construction of a bridge across the Volga and cottage settlements, as well as the development of the airport and Volga Industrial Park.

MIPIM exhibition is the largest, most authoritative and representative investment forum in Europe that brings together developers concepts of territorial development, investors and end users. This year, the exhibition will feature more than 4 thousand investors.

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