Finnish real estate investment company Sponda has purchased a 20-hectare land site in the Moscow region from Llc Bamo-Land for roughly EUR 6 mln. Sponda is planning to develop a 75,000 m[sup]2[/sup] A-class logistics facility on the site, which has already been granted planning permission. Construction is set to start in 2007. Sponda's land acquisition and project development consultant in the transaction is the Finnish company Fimera Oy ERMS.
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