According to Analytical Department of the Managing Company “Setellit Development”, LLC, an Industrial Park is to be Launched in the Leningrad Region

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Administration of the Leningrad region is planning to launch an industrial regional park with the area of 370 acres. It was reported in the framework of XI All-Russian Forum “Strategic Planning in the Regions and Cities of Russia”.

real estate, construction, Leningrad, Vladimir Skigin, Satellit Development

Industrial Park in Leningrad Region

“These kind of industrial projects, provided the terms are clear enough, can be profitable for investors," commented Vladimir Skigin, a co-owner of the managing company “Satellit-Development” LLC.

According to analytical department of the managing company “Setellit Development”, LLC, an industrial park is to be launched in the Leningrad region.

Administration of the Leningrad region is planning to launch an industrial regional park with the area of 370 acres. It was reported in the framework of XI All-Russian Forum “Strategic Planning in the Regions and Cities of Russia”. The area of the park will be equal to 370 acres. The project will be completed within 2 years. As explained by the Leningrad region Administration officials, an industrial park will be fitted with all the necessary infrastructure utilities, and also it will provide with a set of measures to support investors. There are no additional comments on this project. For the time being three state projects of industrial parks with the area up to 25 acres are in the progress in the Leningrad region: Vokhovskiy, Volososkiy and Luzhskiy regions.

“These kind of industrial projects, provided the terms are clear enough, can be profitable for investors. There is already one example of successfully implemented industrial project in the Leningrad region: “Kirpichniy zavod” in Vsevolozhsk where such manufactures as “Ford”, “Nokian Shina” and “Gestamp” are positioned. However, too little is known at this stage of the project: neither its location nor potential investors. That’s why it’s too early to make a forecast of its success. Many things will depend on state owned organizations” – commented Vladimir Skigin, a co-owner of the managing company “Satellit-Development” LLC.

Reference: According to the administrative-territorial division of the Russian Federation the Leningrad region and the city of Saint-Petersburg are different constituent entities of the Russian Federation. For this reason there is a regular rivalry regarding investments attraction.

About Satellit Development
Management Company "Satellite Development" LLC was established in 2008. Its main activities include: integrated land development, sale of land, development and design of residential and commercial projects, consulting and brokerage services

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