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100 000 sqm Logistics Center Lease Transaction for FM Group |
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ING Lease (legal name ‘ING Lease (Eurasia) LLC’) signed a lease agreement for 10-year financial lease of a logistical complex and a 5-year financial lease of equipment for French real-estate and logistical companies of FM LOGISTIC Group.
The deal represents financing of the third and the last phase of the state-of-the-art ‘A’ class warehouse premises located in the Tchekhov region, with the total area exceeding 100 thousand sq meters. ING Lease (Eurasia) LLC was the sole financial partner of FM Group for this project.
Arkady Gerasenko, General Director of ING Lease (Eurasia) LLC, commented on the transactions: “These deals rank as some of the largest in the segment of financial lease of real estate. We believe that this product has a very promising market as it provides customers with long-term competitive funding and economic advantages inherent to financial leasing under Russian law”.
Jacques Duvauchelle, CFO of FM Group responsible for real estate, remarks: “This type of funding fits well our objectives in Russia as the company retains the economic ownership of its key production assets while the terms of financing are more attractive than under a regular bank loan’.
Press enquiries: Maria Teplukhina, ING Wholesale Banking: +7 495 755 5170, Maria.Teplukhina@ingbank.com
ING Group is a global financial services company of Dutch origin with 150 years of experience, providing a wide array of banking, insurance and asset management services in over 50 countries. Based on market capitalization ING is one of the 20 largest financial institutions worldwide with assets totaling EUR 865 bln. ING comprises a broad spectrum of prominent companies that increasingly serve their clients under the ING brand.
In Russia ING Group is represented by ING Wholesale Banking (legal name ‘ING Bank (Eurasia) ZAO’ – a wholly owned subsidiary of the Group, founded in 1993), ING Lease (‘ING Lease (Eurasia)’ LLC founded in 2001), ING Pensions (‘Non-State Pension Fund ING’ founded in 2002), ING Lease (‘ING Lease (Eurasia)’ LLC founded in 2001) and ING Life (‘ING Life Insurance’ ZAO founded in 2007).
ING Lease (Eurasia) LLC is part of ING Wholesale Banking and is a wholly owned subsidiary of ING Group.
FM Group is a privately owned European logistic and transportation company. FM Group was established in 1967 and is a diversified international company ranking in the top 10 in the European logistic market with over 9,500 employees world-wide and a turnover of over € 414 mio (2006).
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