An Analogue of the Paris Rungis Food Market Will Be Built in St. Petersburg

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Large food market that is similar in concept to Parisian Rungis Market will be built in Saint Petersburg. Satellit Development Management Company has initiated implementation of the project and expects the total investments to be $1 billion.

Vladimir skigin, satellit development, russian real estate, construction

Wholesale food market

"This will be first of its kind project in Russia”, said Vladimir Skigin, chairman of the Board of Directors at Satellit Development.

The huge food market with a concept similar to the famous Paris Rungis market is to be built in St. Petersburg, close to Pulkovo airport and the Ring Road. The facility will be located on a territory of 150 Acres while the market itself will occupy 3 Million square feet. Satellit Development will be in charge of implementation of the project. The project is expected to cost $1 billion. The market will be focused on selling food products to wholesale buyers.

The site is already ready for construction of the facility and the construction is planned to start this year. The first phase will start in the summer of 2014. The creators of the project also agreed to collaborate with the French company Semmaris (main shareholder of Rungis). “This will be first of its kind project in Russia,” said Vladimir Skigin, chairman of the Board of Directors at Satellit Development.

The development of such markets is also planned to take place in the Russian capital - Moscow. The deputy mayor of Moscow for Economic Policy Andrey Sharonov in an interview to "Moscow 24" in early August said that sites for the construction of giant agricultural markets - Moscow analogue of Parisian "Ranzhisa" (Rungis) - have already been selected. Both markets will be built outside of Moscow Ring Road: one in Molzhaninovo, and the other after the Vnukovo airport.

Rungis is the world's largest wholesale market for fresh food. It is located in the Parisian suburbs and occupies an area of 720 Acres. The market is divided into several sections: the finished products and prepared foods, meat and dairy products, seafood, poultry and flowers.

About Satellit Development
Management Company "Satellit Development" LLC was established in 2008 and 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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Dmitry Savelyev
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