Luxembourg-based Orco Property Group is purchasing 80% of Molcom, a logistics centre 15 km of Moscow. The project's total area amounts to 104,000 m2, and includes a 4-hectare land bank reserve which will ensure a potential future development pipeline in the Russian logistics and light industrial sector. This marks Orco’s second acquisition in Russia, the company’s seventh foreign country. Financial details of the transaction were not disclosed.
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