EDB and the A Plus Group of Companies agree to finance the construction of a production and warehousing facility in the Shushary industrial zone
St. Petersburg, 28 January 2015. Eurasian Development Bank (EDB) and the A Plus Group of Companies signed a long-term loan agreement to finance the construction of facilities in A Plus Shushary industrial park. The borrower on the part of the A Plus Group, the parent company in which is A Plus Development, is Park Shushary.
A loan of RUB 2.4 billion will be provided for ten years. It will be used to develop A Plus Park Shushary, the largest industrial park in the Northwestern Federal District. A number of large industrial facilities are being built in its territory, including distribution facilities and warehouses for X5 Retail Group, Auchan, Norbert Dentressangle Logistics and other companies. The total floor area of the facilities under construction is 132,500 sq m. The industrial park occupies 72 hectares and the possible floor area of the facilities, which can be built in it, is 300,000 sq m.
“This project is being fulfilled in challenging conditions. Yet, despite a very difficult situation in the financial markets and the economy, the A Plus Group of Company, a federal developer, is working on a large investment project,” says Gennady Zhuzhlev, Deputy Chairman of the Management Board at EDB. “By signing this agreement, Eurasian Development Bank confirms its readiness to work anti-cyclically, i.e. to provide long-term finance during economic crises. In doing so, our Bank, as a development institution, supports investment and fulfils its anti-crisis function.”
“This is our first project with Eurasian Development Bank. Our partnership with it, despite the situation in the sector and the economy as a whole, assures us that we will successfully complete the ongoing projects related to the development of A Plus Park Shushary, and it opens up new horizons for us as regards the construction of other facilities for our customers,” says Petr Gavyrin, Executive Officer at A Plus Development.
Additional Information
A Plus Development is a federal developer and the parent company in the A Plus Group of Companies. With its significant experience, the company offers a comprehensive range of services related to the construction and upgrade of production and warehousing facilities (from design to commissioning, and as a general designer, general contractor, and technical customer), as well as related to sale, lease and operation of facilities. The company was founded in St. Petersburg in 2006. Its pilot project was the development of the AKM Logistics production and warehousing facility, which was recognised by market specialists as the best industrial facility in St. Petersburg in 2009. The company is now working on the programme to construct a federal network of industrial parks, and on a number of other industrial construction projects.
Read more at www.aplusdevelopment.ru
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Eurasian Development Bank is an international financial institution founded by Russia and Kazakhstan in January 2006 with the mission to facilitate the development of market economies, sustainable economic growth and the expansion of mutual trade and other economic ties in its member states. The member states of the Bank are the Republic of Armenia, the Republic of Belarus, the Republic of Kazakhstan, the Kyrgyz Republic, the Russian Federation, and the Republic of Tajikistan.
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