The Presidium of the Nizhny Novgorod Investment Committee approved a priority investment project worth 12.3 billion rubles

The Presidium of the Council for Development Strategy and Investments under the Governor of the Nizhny Novgorod Region approved the assignment of the priority investment project status for the construction of a warehouse complex in Nizhny Novgorod. NinoGrad LLC (part of the Central Properties group of companies) will be provided with state support in the form of property tax breaks.

The declared investment volume in the project is 12.3 billion rubles. The planned commissioning date is by the end of 2025.

“It is expected that the warehouse complex will become the largest in the Nizhny Novgorod Region and will create about three thousand jobs. The project meets our objectives to increase warehouse space in the region,” emphasized Egor Polyakov, Deputy Governor of the Nizhny Novgorod Region.

“The project provides for the construction of a large warehouse complex with a total area of ​​150 thousand square meters, which will increase the region's provision with logistics infrastructure by 23 percent,” said Sergey Egorov, Vice President of the Central Properties group of companies.

The company noted that the project being implemented corresponds to the highest class of warehouse real estate – "A", and the warehouse complex will be equipped with modern dispatching, automation and engineering systems, including its own boiler room, pumping station and backup generators, which will ensure uninterrupted operation of the complex for the tenant.

“In total, 41 agreements on support for priority investment projects in the areas of logistics, industry, agriculture, petrochemistry and others are currently in effect in the Nizhny Novgorod Region. They provide for an investment volume of over 415 billion rubles, the preservation and creation of about 9.5 thousand jobs,” said Denis Ismagilov, Minister of Economic Development and Investments of the Nizhny Novgorod Region.

To obtain priority status for an investment project, investors can submit an application on the regional investment portal (https://nn-invest.ru/en/support/status/) or contact the regional Ministry of Economic Development. The conditions for obtaining such status and the procedure for assigning it are also described on the investment portal of the Nizhny Novgorod Region.

As a reminder, if a project is being implemented in the Nizhny Novgorod Region, in a subsidized municipal district, or the investment amount exceeds 100 million rubles, the investor can apply for the project to be assigned the priority status. Such projects can be granted tax benefits on the property of organizations, up to and including exemption from paying taxes to the regional budget.