Raiffeisenbank has provided a 10- years loan in amount of USD 47.5 million to British Warehouse investor Raven Russia Limited to refinance the second phase of the Klimovsk logistics park.
GBA of the second phase of the project financed by Raiffeisenbank totals to 55 000 sq.m. whereas the total area of the Klimovsk logistic park is 155 969 sq.m. The complex is located in the Podolsk district of the Moscow Region.
«The demand for warehouse services has been growing steadily over the last few years, hence the development business has grown concomitantly in the sector. Raven Russia Limited, a leading player in the warehouse facilities market, has been our partner for a number of years, and I’m convinced that we’ll be able to continue our cooperation,» says Oksana Panchenko, Head of Corporate Banking & Corporate Finance Directorate, Board Member of ZAO Raiffeisenbank.
«We are grateful for Raiffeisens continued support in an ever diminishing financing sector. We look forward to a continuing and mutually fruitful relationship» Mark Sinclair, Group Financial Director, Raven Russia Ltd.
ZAO Raiffeisenbank is a subsidiary of Raiffeisen Bank International AG. Raiffeisenbank ranks 12th among the Russian banks in terms of assets, based on 2012 results (Interfax-CEA). According to the same Interfax-CEA data, ZAO Raiffeisenbank ranked 5th in terms of liabilities of individuals and 10th with regard to consumer lending.
Raiffeisen Bank International AG (RBI) regards both Austria, where it is a leading corporate and investment bank, and Central and Eastern Europe (CEE) as its home market. In CEE, RBI operates an extensive network of subsidiary banks, leasing companies and a range of other specialised financial service providers in 17 markets. RBI is the only Austrian bank with a presence in both the world’s financial centres and in Asia, the group’s further geographical area of focus. In total, around 61,000 employees service about 14.1 million customers through around 3,100 business outlets, the great majority of which are located in CEE. Raiffeisen Bank International is a fully-consolidated subsidiary of Raiffeisen Zentralbank Oesterreich AG (RZB). RZB indirectly owns around 78.5 per cent of the common stock, the remainder is in free float. RBI’s shares are listed on the Vienna Stock Exchange. RZB is the central institution of the Austrian Raiffeisen Banking Group, the country’s largest banking group, and serves as the group head office of the entire RZB Group, including RBI.
Raven Russia was founded in 2005 to invest in class A warehouse complexes in Russia and lease to Russian and International tenants. Its Ordinary Shares, Preference Shares and Warrants are listed on the Main Market of the London Stock Exchange with a market capitalisation of approximately £425 million. The company operates out of offices in Guernsey, Moscow and Cyprus and has to date completed a portfolio of circa 1.3 million square metres of Grade «A» warehouses in Moscow, St Petersburg, Rostov-on-Don and Novosibirsk. For further information visit the Company’s website: www.ravenrussia.com