VVV Company and London & Regional Properties Fund enter local logistics market

VVV Company and London & Regional Properties Fund declared they were going to enter Yekaterinburg’s logistics market. They have recently signed a number of joint venture agreements regarding construction of storehouses in some Russian cities. Over 1 million square meters of storage area will be put up in ten places, including Yekaterinburg. The land allotments have already been bought.

Sverdlovsk Region has been experiencing storage area shortage lately (it still needs about 700,000 square meters), and the construction designs often fail to agree with one another; to make matters worse, there aren’t enough skilled workers with higher or specialized secondary education, there are no free customs zones suitable for declaring and safekeeping of foreign goods, either.

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