Griffin Partners Announces Lease Renewals
In Volga Industrial Park
(Nizhny Novgorod, Russia) – Griffin Partners is pleased to announce lease renewals and expansions in Volga Industrial Park.
X5 Retail Group, Russia’s largest food retailer with 13 178 supermarkets under management as of June 30, 2018, which has been an anchor tenant of the industrial park since 2011, has recently leased additional 11,200 square meters and renewed its lease for 10 years.
Bristol company, a fast-growing Russian chain of small-format grocery stores, and one of the park’s anchor tenant since 2016, leased an additional 7,200 square meters and prolonged its lease until 2025.
After expansion the two tenants will occupy 100% of the leasable area of 64’000 square meters.
"The long-term satisfaction of our tenants is our goal. Griffin Partners strives to maintain the highest standards in our logistics real estate, and we are committed to delivering solutions that meet our clients’ needs,” commented Oleg Gusakov, Managing Director at Griffin Partners.