In April 2011 Espro Group obtained the authorization to commission the 1st stage of the «Kulon Yugros» office and warehouse complex situated in the city of Mineralnye Vody. The area of the commissioned premises is 27,200 sq. m. The budget of the first phase of the project is €9.8 mln.
The “KulonYugros” project is the first class A warehouse complex in the Stavropol Territory. It is located in the eastern industrial zone of Mineralnye Vody on a 8.95 ha land plot near the M-29 “Caucasus” highway. Mineralnye Vody international airport is 7 km from the complex and a railway junction is 4 km from it. The “Kulon Yugros” project will help the region to create infrastructure for the activities of major logistic, trading, and industrial companies.
A fast and convenient approach from any city of the region is an important advantage of the project. An operating railway spur is laid to the complex territory. In addition to warehouse areas, the complex has a mezzanine for sorting zones and office premises.
“This project was not easy for us from the very beginning of its development: to be the first in the region is a daring step. Further difficulties arose upon the occurrence of crisis phenomena as the project implementation time fell during the peak of the crisis. The obtaining of financing was a separate stage of project development, comments Vitaliy Antonov, General Director of Espro Development. “Kulon Yugros” opened its docks for tenants and today we can say with joy that main hardships are behind.”
The complex total area is 55,000 sq. m. The total project budget is estimated at €19.8 million. The project is financed with the participation of the International Financial Corporation (IFC) and Black Sea Trade and Development Bank (BSTDB).
The project provides a possibility of constructing additional buildings in the neighboring territory on built-to-suit bases.