The operator of Truckstop Mayaka is looking for an investor based on an advertisement

The First Bashkir Logistics Company, which began building a large roadside complex worth 1 billion rubles on the M5 highway at the exit from Dema, announced that it is looking for co-investors for the project. The company says that so far they have completed the first phase of construction, in which they attracted large auto dealers of heavy-duty vehicles, and are now looking for investors for a logistics center and a motel. The cost of investments in the second phase is estimated at 500 million rubles. Experts believe that finding people willing to join the project will not be easy, and the project itself may need to be reconsidered.

The announcement that First Bashkir Logistics Company LLC (PBLK) is looking for a co-investor for the construction of the Truckstop Mayak roadside complex at the exit from Dema was published on the Avito website. It follows from it that PBLK is ready to transfer for 55 million rubles. investor 19 thousand sq. m of “free space”. The buyer, the company explained to Kommersant yesterday, is invited to sign a share participation agreement. Its duration and other details of the discussed transaction are not disclosed in PBLC.

PBLK Development Director Rishat Khaybrakhmanov says that the investor is being attracted to implement the second stage of the complex, which involves the construction of a logistics center and warehouses for 50 thousand sq.m., a shopping center for 10 thousand sq.m. and a motel for 30 rooms. He estimated the total investment at 500 million rubles.

Construction of the first stage of Truckstop Mayak began last year. Its co-investors were the Tatarstan dealer of the Scania service center, the Alfaskan company, and the owners of two cafes specializing in Oriental and American cuisine, said Mr. Khaybrakhmanov. A second service center and one tire center are under construction. The interlocutor declined to name the investors. Using its own funds, PBLK is building a parking lot for 700 heavy vehicles. The total cost of the project in PBLC is estimated at approximately 1 billion rubles, the payback period depending on the objects is 3–15 years.

• LLC "First Bashkir Logistics Company", according to Kartoteka.ru , was formed in June 2006 with an authorized capital of 51.28 thousand rubles. 39% belongs to Artur Rafikov, 20% to Radik Kamalov, 15% each to Marat Kamalov and Rishat Khaybrakhmanov, 11% to Vladimir Ermanov. Does not publish financial statements.

At the stage of implementation of the first stage, the company called the competitive advantages of the site the presence of connected networks, in particular, technical conditions for gas supply, as well as the approval of the project in Rosavtodor, which should minimize the risks of investors.

Experts believe that searching for investors based on an advertisement can be effective, although it indicates that the project does not have a clear concept. “There are businessmen on the market who have a certain liquidity, but who do not have the time and opportunity to work through issues of obtaining a construction permit, prepare documentation and deal with other organizational issues,” notes M9 development managing partner Maxim Morozov. “Since we are talking about a rather interesting site, it can attract companies that form a pool of warehouse facilities in the region.”

The manager of the BCS Premier network, Sergei Danilov, suggested that the operator was forced to put up part of the project for sale due to difficulties in obtaining a loan. “Usually operators try to implement such large projects on their own, using borrowed funds. Logisticians or developers buy space in such complexes. But perhaps negotiations with them did not take place, and now the offer is being made to a potentially wide range of investors. As a rule, finding them is not a quick process,” the expert noted.

“The owner’s proposal is reminiscent of crowdfunding, when by attracting many small investors it is possible to implement a project,” says Maxim Raevsky, a member of the board of directors of the development company StroyInvestTopaz. “With such a scheme, there is a risk of conflict between co-investors, although this is not necessary. It is applicable when the project operator is interested in attracting capital from small and medium-sized businesses. But it hardly makes sense to build anything on the proposed area - this could lead to spontaneous cluttering of the space with non-permanent structures, which will alienate large solvent tenants.” Ideally, the expert adds, such projects are implemented by large companies with the participation of anchor retailers, “but in these cases the chains act as co-investors at the construction stage.”

The executive director of the M 7 company, Viktor Perepelitsa, notes that “the operator obviously set his sights on a large project, since he leased 22 hectares of land.” “When it comes to roadside developments, chip-in investment is a common, albeit outdated, practice. Conceptual projects that have a pool of like-minded investors or a good management company have a greater chance of success,” the interlocutor notes. “Obviously, the second phase of the complex requires larger investments than the first, especially if we are talking about a shopping or logistics center. At the same time, a shopping center in this location is probably not justified in the current economic situation. The best option would be to build small roadside service pavilions and a motel. As for logistics, this is a promising area, but investors usually go there only on the terms of state support, primarily in the form of supplying networks, providing benefits and preferences.”

Olga Korzik, Bulat Bashirov

Roadside service stalled