PropertyEU

Raven Russia pre-leases 50% of Moscow warehouse’s 3rd phase

By A staff reporter 2008-04-15T00:00:00

AIM-listed, Guernsey-based property investor Raven Russia has announced the pre-leasing of 50% of the third phase of its 200,000 m[sup]2[/sup] warehouse development at Istra, Moscow. Preliminary agreements have been signed to let 25,658 m[sup]2[/sup] of the total 50,000 m[sup]2[/sup] to Seacon Logistics for a seven-year term at a higher-than-expected rent. ...

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