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O’KAY’S FIRST WAREHOUSE IN NOVOSIBIRSK TO OPEN AT PNK-TOLMACHEVO

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O’KEY, one of the leading Russian food retailers, has made a leasing contract for 13,900 sq m in A+ class warehouse complex PNK-Tolmachevo by PNK Group warehouse property developer. The deal became a result of detailed valuation of all the warehouse properties currently presented in Novosibirsk region. PNK-Tolmachevo has been chosen as the only warehouse property meeting all the requirement of O’KEY in terms of location, quality and efficiency. Cushman&Wakefield was the consultant of the agreement presenting owner of the warehouses. Premises have already been passed to the new tenant of PNK-Tolmachevo.

O’KEY today is one of the leaders of Russian food retail, operating 108 stores in 27 largest Russian cities. O’KEY is very strict about both location of its warehouse and its buildings performance and efficiency. Due to these aspects A+ class warehouse complex PNK-Tolmachevo has been selected as the first company’s warehouse in Novosibirsk. By opening here a new large warehouse O’KEY is going to facilitate the efficiency of its logistics in the region and get the direct access to Novosibirsk and the largest cities of the region.

PNK-Tolmachevo is the largest high-quality warehouse complex in the Russian regional market. It has the total area of 382,500 sq m and is located 11 km from Novosibirsk and 2 km from Tolmachevo airport. The first phase of warehouse complex with the area of 50,000 sq m won CRE Federal Awards in 2010. Also there are Liotech manufacturing plant (40,000 sq m) built for Rosnano and Lenta multitemperature warehouse (39,500 sq m) in the territory of PNK-Tolmachevo.

Oleg Mamaev, Executive Director, PNK Group: “This agreement can be seen as an additional evidence of the fact that the current crisis in the Russian real estate market is actually the right time to invest in high-quality warehouse infrastructure, which is one of core aspects of the efficient business. We see that the most successful companies, like O’KEY food retailer, have the same vision and are choosing the best solutions from professional property developers”.

Ekaterina Morozova, Associate, Warehouse and Industrial Department Cushman & Wakefield comments: “We see growing interest and demand for quality projects in other regions of Russia which allows companies to increase efficiency of their logistics. Before recently regional market was lacking quality assets, but O’KEY and PNK Group transaction proves that market has gone to the higher level of quality”.