Summary of Proposed Investment
Project Number
28578
Company Name
LOGOPARK DON, OOO
Date SPI Disclosed
Aug 21, 2009
Country
Russian Federation
Industry
Tourism, Retail and Property
Projected Board Date
Sep 23, 2009
Status
Completed
Sector
Storage (Including Agricultural Products)
Department
Regional Industry MAS LAC & EUR
Environmental Category
B - Limited
Previous Events
Approved : Sep 26, 2009
Signed : Sep 30, 2009
Invested : Nov 18, 2009
Project Description
The proposed project involves the refinancing and placing into full operation a newly constructed Class A warehousing facility of approximately 100,000 square meter (“sqm”) leasable space in the city of Rostov on Don (“Rostov”), Russian Federation. The project is being developed by Raven Russia Limited (“Raven Russia”), and implemented through Logopark Don LLC (“the Borrower”, “the Company”), set up in December 2006 as a [100%] greenfield subsidiary of Raven Russia.
Rostov, a frontier region of Russia with per capita income of less than half of national average, is faced with significant shortage of quality warehousing facilities in the medium term. The project will address the imbalance between demand and supply of quality warehouse space in the Rostov region, and is also aligned with Raven Russia’s overall strategy to consolidate its position as the leading warehousing service provider in Russia.
Rostov, a frontier region of Russia with per capita income of less than half of national average, is faced with significant shortage of quality warehousing facilities in the medium term. The project will address the imbalance between demand and supply of quality warehouse space in the Rostov region, and is also aligned with Raven Russia’s overall strategy to consolidate its position as the leading warehousing service provider in Russia.
Sponsor / Cost / Location
Development Impact
Related ESRS/ERS
Contacts
For Inquiries About the Project, Contact
Toby Selman
Head of Structured Finance Development
Raven Russia Property Management
Phone: 7 495 644 4448
Fax
Head of Structured Finance Development
Raven Russia Property Management
Phone: 7 495 644 4448
Fax
For Inquiries and Comments About IFC, Contact
General IFC Inquiries
IFC Corporate Relations
2121 Pennsylvania Avenue, NW
Washington DC 20433
Telephone: 202-473-3800
Fax: 202-974-4384
E Mail: Webmaster
IFC Corporate Relations
2121 Pennsylvania Avenue, NW
Washington DC 20433
Telephone: 202-473-3800
Fax: 202-974-4384
E Mail: Webmaster
Local Access of Project Documentation
Logopark Don
Zakrutkina Street. d.67, k.315
Rostov on Don 344019
Russia
Zakrutkina Street. d.67, k.315
Rostov on Don 344019
Russia