Sber has provided investment and development company Radius Group with a RUB 1.1 billion loan. The funds will be used to further develop the South Gate industrial park.

The South Gate industrial park project was launched at a highway interchange where three key federal highways intersect in 2008. As of early 2021, more than 500,000 m2 of high-quality production and storage space have been commissioned.

Natalya Shemanovskaya, managing director and head of Real Estate Client Coverage, Sberbank:

"Warehouse property projects are a focus of attention for Sber. We are pleased to continue our cooperation with our partner, Radius Group. Sberbank has provided a total of over RUB 12 bn in financing in the framework of the South Gate project. A new RUB 1.1 bn line of credit is aimed at the commissioning the next phases of the project."

South Gate Industrial Park has won numerous professional awards, including CRE Moscow Awards, Euromoney, FIABCI Prix d'Excellence Awards, and Green Awards. The South Gate buildings are certified in accordance with BREEAM, LEED, and GRESB energy efficiency and environmental standards.

Alexey Romantsov, investment director, Radius Group:

"Financing the further development of the industrial park is an important strategic step in the framework of the long-term cooperation between Radius Group and Sberbank. The new buildings are scheduled to be commissioned in Q1 and Q3 2022."

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Sberbank of Russia published this content on 23 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 23 November 2021 12:39:13 UTC.