Warehouse specialist Raven Russia has agreed to buy Karta Realty, the owner of the Southgate warehouse project in the Domodedovo district of Moscow, for $54.5 mln (EUR 39.5 mln). The Southgate project is located close to the international airport and comprises a Grade A warehouse complex of 76,550 m2, which is 88% let to John Deere, and 88 hectares of permitted land capable of producing a further 440,000 m[sup]2[/sup] of completed logistics space once fully developed.
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