Alterra Group has invested $8.5 million in the expansion of the Joule logistics center (Kyiv region, Svyatopetrivske) from 8 to 20 thousand square meters, the company’s press service toldInterfax-Ukraine.
According to Alterra Group’s commercial director Gennadiy Grinenko, the expansion is due to the growing demand for rental space in the facility, with zero vacancy in the first stages. According to the survey, entrepreneurs are increasingly looking for ready-made commercial premises instead of building their own warehouses.
Nine new businesses, companies that combine innovation, social responsibility and a focus on sustainable development, have become residents of the first stages of Joule. Farmak’s pharmaceutical business is among the residents. The expansion of the facility will attract more such residents and create at least 50 new jobs.
“Our experience proves that the more progressive businesses there are in the complex, the more ideas, innovations and collaborations they produce. For example, this happened with our logistics center PORT, where residents actively cooperate with each other. Such an ecosystem not only saves time and money for residents, but also creates a business community where everyone strengthens each other,” says Hrynenko.
Another change in Joule is that it has become more accessible to small businesses. Previously, companies could rent or buy premises ranging from 500 to 6 thousand square meters. Now, the minimum area has been reduced to 200 square meters.
“This makes it possible to get all the necessary infrastructure ready, including access to autonomous heating and lighting, even for businesses that have just started their development,” explained Hrynenko.
Alterra Group is a Ukrainian company specializing in the development and management of commercial real estate on a turnkey basis. The company’s portfolio includes 43 properties with a total area of 175 thousand square meters. These include warehouse and industrial complexes, business centers, shopping and entertainment centers.
