TMM to Construct Logistics Complex in Donetsk Region

TMM Real Estate Development (TR61 GR: BUY) announced their plans to construct a logistics complex in Donetsk Region. According to the company’s website, in December 2007 they received permission to lease a 29.1 ha land plot for the project. Alexander Romanov: TMM continues to expand its portfolio with commercial projects as it previously stated in its strategy. The new project will allow the company to leverage the low saturation of the logistics property market. The new warehousing complex will be located within the busy Yasynuvatsky junction on a large transportation route connecting Russia and the EU.