Review of warehouse real estate market of Kyiv oblast - news about real estate, Kiev, Kyiv region. Real Estate In Ukraine
The left-Bank part of Kyiv region becomes more attractive for operators. Developers began active development of the left-Bank part of Kyiv region warehouses. With the beginning of the year about the plans for the implementation of projects in the region reported three companies. And yesterday his intention to build a warehouse complex of class A area of 150 thousand square meters stated by one of the largest operators of the market of FIM Group. According to experts, the popularity of the left Bank will grow: the right part there is a shortage of suitable sites, and the prices are higher by at least $1 thousand for a hundred.Deputy Director General of FIM Consulting Plus (part of the group FIM) Julia Lyashenko told yesterday that by 2008 FIM Group will start the construction of a large warehouse complex of class A on the left Bank of Kyiv region - the greater area of Aleksandrovka. For this purpose, the company bought a plot of land with an area of 32 hectares, which is out on the track T where it will build a new ring road. To be the complex will be in the area of strategic routes E-95 (Moscow-Orel-Kharkov-Kiev-Simferopol) and E-40 (Novoshakhtinsk-Mine - Kharkiv-Kyiv-Lviv-Uzhgorod-Chop). The total area of 150 thousand square meters, with total investment of approximately $105 million (construction cost per sq m - $700). "The company will Finance only 30 percent of the project, the remaining funds will be borrowed, said Mrs. Lyashenko.- Partner in the project will be made by the Corporation Alef". The construction will be completed in 1.5 years, the projected payback period is 7-8 years.FIM Group is managed by a Danish holding company Dannmar Scandinavia ApS. In Ukraine there is about 13 years. Works in the field of warehouse and office real estate, consulting, and engaged in the restaurant business. In the portfolio of FIM Group - 439,157 thousand square unrealized and real estate projects.The company is already the fourth operator in the market of warehouse real estate, planning the construction on the left Bank. We will remind, earlier on the construction of the largest office and warehouse complex City Airport at a cost of $350 million near Boryspil airport has announced development company Seven Hills. Slovenian logistics group Intereu mountain intends to invest в‚¬ 15.6 million in the construction of a logistics centre and a car terminal in the area of Brovary near Kiev. In addition, recently holding "the International logistical partnership" announced the construction of a logistics complex class A total area of 100 thousand square meters and costing $75 million on the ring road Boryspil-Brovary.According to Colliers International, the most promising for the development of logistics real estate is Odessa (E-95/M-05), Zhytomyr (E-40/M-06), Kovel (E-273/M-07) and Dnipropetrovsk highway (M-04). On the left Bank of Kiev there are only two attractive route - Chernihiv (E-95M-01) and Kharkiv (E-40M-03).In FIM Consulting Plus the choice of location for the construction is explained by the lack of suitable large land plots near strategic routes on the right Bank. "The most popular are Odessa and Zhitomir areas on the right Bank of Kyiv region. For example, to Zhitomir highway is the main freight road transport from Western Europe to Kiev",- says a leading consultant company of Real Estate Department Yaroslav Tsukanov. On the left Bank, according to analysts, now mastered not more than 30 thousand square meters of warehouse real estate of A class, and major projects are not so much unlike the right Bank (see map). "It is better to buy a plot nearer to Kiev on the left Bank than to move away from strategic routes, but construction on the right," - said the Director of the company Build and Live Development Victor Slutty. "We want to cover the traffic coming from Russia and from the South of Ukraine on the ring road Borispol, Brovary, which is equivalent to the volume of the Zhytomyr highway," explains the interest of his company to the left Bank CEO "MLP-Chaika" Vitaly Kashchenko.Experts believe that the transition of developers on the left coast will be massive. According to the General Director of investment and development company Global Solutions Sergey Tomasova, this will contribute to lower the cost of land. "For the inventory of real estate is considered normal price of two thousand dollars for a hundred, while on the right Bank, it reaches three thousand," said Mr. Tumasov. "It's safe to talk about the transition tendency of developers to the left Bank, because over time, the number of more attractive land in the right Bank region will not increase",- said Victor Slutty.