Sberbank Asset Management and PNK group Signed Contract for Acquisition of PNK Park Veshki

One of Russia’s largest asset management companies, Sberbank Asset Management, and the Russian industrial property developer PNK group signed a contract for the acquisition of the PNK Park Veshki industrial park along with its entire infrastructure. The Park houses a two-story multi-temperature distribution center of 108 000 sq. m., which is leased out to VkusVill, a healthy foods retail chain.

Located within 500 m from the MKAD along the Altufyevskoye Highway, the industrial facility features several zones, which can maintain different temperature regimes. These include a deep-freeze zone and five office blocks, which vary in the number of stories throughout the facility and occupy a total of 5 300 sq. m of floor space.

PNK Park Veshki is to become part of the closed-end mutual investment fund “Sberbank – Rental Business 3”. The fund targets qualified investors who look towards hedging their capital against inflation and offers income from regular rental payments. The fund invests in commercial real estate assets and manages them on behalf of its shareholders.