TKS Looking into Warehouse and Water Park Projects

Interfax reported yesterday that TKS Management (37W1 GR: BUY), will develop warehouses and a network of water parks in Western Ukraine. TKS is currently negotiating collaboration agreements with Giffels, a Canadian consulting and design-build firm, and FIM Group, a Kyiv-based real estate subsidiary of Danish Dannmar Scandinavia ApS. Additionally, TKS has begun an international search for an operator of its water park projects. Andriy Gostik: Logistics is going to be a new segment for TKS Management, which has retail, office and residential real estate projects in its current portfolio. Cooperation with an experienced logistics operator would be beneficial in this respect. On the other hand, the rationale for the development of water parks stems directly from the specifics of the company’s market – resort rich Western Ukraine.