Raiffeisenbank has provided a 10-year loan facility in amount of USD 33 million to Limited Liability Company Delta, the owner of the third phase of the Klimovsk logistics park and part of the Raven Russia Limited group. Limited Liability Company Delta has drawn the first USD 20 million of this facility.
The Gross Building Area of the Klimovsk logistics park is 156,000 m2 of which the third phase is 47,000 m2. The complex is located in the Podolsk district of the Moscow Region.
«We see that demand for warehouse premises has been growing steadily over the last few years, hence the development business and quantity of the projects has grown concomitantly in the segment. 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 mutual benefit cooperation,» says Oksana Panchenko, Head of Corporate Banking and Corporate Finance Directorate, Board Member of ZAO Raiffeisenbank.
«RZB are one of our key banking partners and continue to support us in the development of Raven Russia’s business. They have now financed all of the Klimovsk complex and we look forward to working with them on future projects.» — said Mark Sinclair, Raven Russia’s CFO.
ZAO Raiffeisenbank is a subsidiary of Raiffeisen Bank International AG. Raiffeisenbank ranks 12th among the Russian banks in terms of assets, based on Q3 2013 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 15 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 59,000 employees service about 14.4 million customers through more than 3,000 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.