PNK Group will build a new distribution center for Detsky Mir in the “PNK Park Bekasovo”
Moscow region, Russia – PNK Group, Russian developer of industrial facilities, and Detsky Mir Group, Russia’s largest specialized children’s goods retailer, announce the signing of an agreement on the construction of a distribution center (DC) in the “PNK Park Bekasovo”, located in Naro-Fominsk city district of the Moscow region. The transaction agency was Colliers International.
The total investment is estimated at RUB 2.5bn, while the total area of the industrial building will be 62,000 sq m. It will be the retailer’s second facility at this PNK Park. The first Detsky Mir’s DC with an area of 70,000 sq m. was built in 2015.
Works on the project have already begun. The distribution centre will also have an office for administrative staff with an area of 2,500 sq m.
“We have witnessed the rapid development of both brick-and-mortar and online retail over the past few years. These are the companies that always need new high-quality warehouse premises built with the use of advanced technologies. In addition to the quality of a facility, the speed of its construction is ever-important. We plan to complete the construction of a distribution centre for Detsky Mir by as early as the end of 2018,” said Yuri Menukhov, Director of PNK Group.
“Detsky Mir is rapidly expanding its business: the company opens roughly 100 new supermarkets in Russia and Kazakhstan each year and actively develops e-commerce sales channels, which requires a massive logistics infrastructure. The opening of a modern logistics complex, which will be built by our partner PNK Group, will support the further development of our business in the coming years,” said Vladimir Chirakhov, the CEO of Detsky Mir Group.
“The active growth of Detsky Mir chain systematically leads to the development of the company’s logistics and the emergence of new modern distribution centers. A few years ago we signed the first contract for the construction of the warehouse in Bekasovo between PNK Group and Detsky mir chain. This project will allow the company to increase warehouse volumes within a single fleet, which will significantly simplify the management of warehouse logistics and save additional logistic costs,” said Eleonora Bogdanova, Regional Director, Warehouse & Industrial Direction, Colliers International.
Company references:
PNK Group is a Russian real estate developer implementing full-cycle industrial projects. The group of companies was founded in 2004. PNK Group has 26 industrial parks with a total area of the facilities commissioned and in various phases of construction more than 4 million sq.m m in Russia, Europe and the USA.
In Moscow region PNK Group is developing seven industrial parks.
PNK Group operates four in-house plants producing major load-bearing structural components of buildings, the capacities of which allow developing more than 1 million sq. m of industrial real estate per year.
PNK Group builds industrial facilities conforming to international FM Global standards.
Detsky Mir Group (MOEX: DSKY) is Russia’s largest specialized children’s goods retailer. The company operates a network of 650 stores, including 599 Detsky Mir stores in Russia and Kazakhstan located in 225 cities, as well as 51 ELC (Early Learning Centre) and ABC stores in Russia. The total selling space as of 30 June 2018 was approximately 704,000 square meters.
In accordance with the audited Financial Statements under IFRS for FY 2017, Group revenue amounted to RUB 97.0 bn., adjusted EBITDA totaled RUB 10.7 bn and adjusted profit amounted to RUB 5.5 bn..
Detsky Mir Group’s shareholder structure as of the date of this announcement is as follows: PJSC Sistema – 52.10%, Russia-China Investment Fund (RCIF) – 14.03%, other shareholders owning less than 5% of the shares – 33.87%.
Learn more at www.detmir.ru, corp.detmir.ru and elc-russia.ru.
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