Transcript Industrial Park PAPIVINO

Industrial Park
PAPIVINO
Industrial
Industrial Park PAPIVINO (Opportunity)
Project Brief
Project:
Project Area:
Industrial Park PAPIVINO (IPP)
292 hectares (subdivided into 9 individual land plots)
Location:
2 km from Klin City (North of Moscow region), 72 km from Moscow
Project Features:
• Availability of all requisite infrastructure:
• Highways
• Railroad
• Natural gas supply by pipeline
• Electricity supply
• Attractive land property price
• Professional management company will operate the industrial park &
provide a wide array of services to park residents
Current Status:
Freehold title (private company)
Industrial Category without limitations
Clean documentation provided by international legal advisors
Gaz and electricity capacities are available
Perfect strategic access for transport
Free of collaterals and debts
Solid territory
Professional Management Company
Supportive local authorities
Up to [10%] of land property is subject to sale to Federal Government for
construction of new federal Highway Moscow-Saint-Petersburg and new Sheremetyevo –
Klin section of Larger Moscow Circle highway.
Holding Period:
2.5- 5 years
Exit Through:
•Option1: Infrastructure complex development. Construction and post construction sale/lease
to pre-committed buyers.
•Option2: Infrastructure complex development. Sale of construction ready sites to
industrials/investors/large developers
•Option3: Sale of the Land Plot (partially or the whole plot) to the strategic investor at market
value. Based on market growth estimations and additional benefits (new federal Highway
Moscow - Saint-Petersburg)
Targeted IRR:
up to 20%+ p.a.
Industrial
Industrial Park PAPIVINO (Opportunity)
Favorable location
Industrial Park Papivino is located on one of the
main traffic routes connecting
• St. Petersburg with Moscow and, through
Moscow, with southern and eastern regions of
Russia, and, more broadly,
• Russia with Central and Eastern Europe
• New federal Highway Moscow-SaintPetersburg (669km long, 10 traffic lines, actual
transport traffic up to 145 000 vehicles a day)
will be constructed and positioned to pass
along the boundaries of the IPP
• New federal Highway Moscow-SaintPetersburg has exits to Papivino industrial
park. Toll points are also on site
• Papivino industrial park is the one and only
industrially zoned site on the highway route
• This decision of the Federal government adds
value to the land and increases attractiveness
of the park both to the developers as well as to
the final users.
• Klin rail station is within 1.5 km from Papivino.
Management Company agreed connection
point with local rail authorities. Limit is 200
boxcars daily
Industrial
Industrial Park PAPIVINO (Opportunity)
Growth factors and constraints for logistic services and industrial in Moscow region*
Growth Factors
•
•
•
•
•
Stable economic growth
Stronger consumer demand due to disposable
income growth
Active expansion of retail chains
Growth of industrial production
Accelerating significance of Moscow as a key traffic
hub
Constraints
•
•
•
•
Lack of transparency in the real estate
market
Difficult formal process of changing land
category from agricultural to industrial
Poor infrastructure
Financing difficulties
Note: * - Source: Jones Lang LaSalle (1q 2010 report)
Industrial
Industrial Park PAPIVINO (Opportunity)
Requirements for land plots considered for construction of logistics complexes and
industrial enterprises
Most important
•
•
•
•
Size of a land plot
Transport accessibility’
Proximity to Moscow
Price of a land plot
Important
•
•
•
•
Configuration and landscape
Neighbouring land plots
Rail road access
Infrastructure (water, natural gas,
electricity, etc.)
• Category of land (agricultural or
industrial)
• Proximity to settlements
• Availability of work force
Least important
•Part of Moscow region
•Expansion opportunities
•Proximity to
airport/seaport
Characteristics of the Industrial Park Papivino are are fully compliant with
the expectations of the developers and final users
Note: * - Source: Jones Lang LaSalle (1q 2010 report)
Industrial
Industrial Park PAPIVINO (Opportunity)
Government support for industrial parks
Possible measures of Federal government support for industrial parks:
• Grant-in-aid for the development of the industrial park in the amount of 15% of taxes paid by the residents of the IP
• Subsidize interest rates on investment loans received for projects to create new industries in the territory of the IP;
• Creation of the Federal Program "Development of industrial parks in Russia."
Moscow Region industrial zone Program – how investor and business can benefit.
Joining the Program investor, management company or business is getting:
•Assurance to the investor and developer that the target usage of the land plots will not be changed
through the lifetime of the project;
•Minimizing time and bureaucratic procedures for documentation processing;
•Minimizing title risks by prudent supervision of ownership rights transfers and documentation processing and
authorization
•Benefits of the different forms of the regional government support;
•Clear Program management guidelines and responsibilities
•Financing education program in order to provide adequate labor force
VV Capital Partners is a member of the association of Industrial Parks in Russia and VV Capital
Partners projects are included into the Moscow government program.
Industrial
Industrial Park PAPIVINO (Opportunity)
Management Company VV Capital Partners
Industrial Park PAPIVINO managed by Vitis Vinifera Capital Partners - reputable company of high-efficiency
management team with unique investment experience in Russia.
•
More than 15 years of combined experience in originating, structuring, brokering, negotiating, debt and equity
arrangement for, and development of, diversified real estate portfolio, including residential, commercial & industrial
project.
•
Extensive experience in well known Russian and foreign investment institutions: Renaissance Capital, VR Capital
Group, SOVLINK.
•
Unparalleled knowledge of Russian regions, proven record of well established relationships with municipal
authorities in the most prestigious regions of Russian Federation.
Completed a number of successfully running projects in commercial and residential real estate, including
those with the participation of foreign investors such as:
•
Shopping & Entertainment Mall, Yaroslavl Region; “Vernissage” with a total area of 42 000 sq. m.
•
Residential Communities on Novorizhskoye highway, Moscow Region: “Stariy Svet”, ”Alexandrovo”, “Yadromino”.
Completed in 2002-2008 projects comprise 239 Hectares of land.
Currently VV Capital Partners operates as Management Company for:
•
PAPIVINO Industrial park
•
“Petrovskiy Park” Residential Community.
337 Hectares of land is in the active pipe-line now.
Industrial
Industrial Park PAPIVINO
Location: Russian Federation
KLIN
St.Petersburg
MOSCOW
KIEV
Kazan
N.Novgorod
Industrial
Industrial Park PAPIVINO
Location: Moscow Region
Industrial Park PAPIVINO
Moscow region
KLIN city
MOSCOW
Industrial
Industrial Park PAPIVINO
Location: Klin Region
PAPIVINO
KLIN
Industrial
Industrial Park PAPIVINO
Master plan
St.Petersburg
Exits from federal road
Toll points
Moscow
KLIN
Existing access roads