Warimpex Finanz- und Beteiligungs has got approval from St. Petersburg's city authorities for the first development phase of its 85/15 joint venture project with St. Petersburg Airport. Warimpex will build the Airportcity business park on a 62,000 m[sup]2[/sup] site at the international Pulkovo 2 Airport.
As Ares completed a €325 mln French logistics acquisition from Blackstone, another French portfolio came onto the market.
