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» Chronological View: " Eastern Europe " «

Highest office rental rates recorded in Yekaterinburg, Voronezh and Nizhny Novgorod

According to JLL research, in the period from July 2016 to June 2017, 134,500 sq m of new office space has entered the Russia regional millionniki cities market (excluding Moscow and St. Petersburg), down 65% YoY. The total office stock of regional millionniki cities has reached 3.3 m sq m, corresponding to just 18% of the Mo...
Tuesday, 17. October 2017

Five new lease agreements for retail space in Fashion House Outlet Centre Moscow

Fashion House Outlet Centre Moscow, the first fully-enclosed outlet centre in Russia (20 000 sqm), is a desired shopping destination. It notices annual double digit growths on the most important business KPIs. Last year sales increased with 20%, sales density with 11% and average transaction value (ATV) with 15%. The scheme’s...
Friday, 6. October 2017

Moёt Hennessy moved to Bolshevik business complex in Moscow

Russian headquarters of Moёt Hennessy, part of LVMH Group, a global leader in luxury goods, has moved to Bolshevik business and cultural complex owned by investment company O1 Properties. JLL advised on the lease of approx. 1,600 sq m while ABD architects worked on the headquarters' interior design. The gala opening of the ne...
Friday, 6. October 2017

Russia real estate investment volume subsided by 13% in Q1-Q3 2017

In Q1-Q3 2017, Russia’s real estate investments declined by 13% vs. Q1-Q3 2016 and reached €2.3bn (USD2.7bn), according to JLL calculations. A Q3 2017 slowdown has driven the total volume decline over three quarters, three times down YoY to €427.4m (USD500m).
Friday, 6. October 2017

Immofinanz on discussions for the sale of the Russian portfolio

Immofinanz AG has announced that the compnay is now in advanced talks with one bidder for its retail properties in Moscow. However, the key conditions must still be finalised. The overall process for the sale of the Moscow shopping centers also includes other prospective buyers. According to Immofinanz, plans to complete the ...
Wednesday, 4. October 2017
JLL appoints Nadezhda Martynova as Head of Retail Tenant Representation, Russia & CIS

JLL appoints Nadezhda Martynova as Head of Retail Tenant Representation, Russia & CIS

JLL has appointed Nadezhda Martynova as Head of Retail Tenant Representation for Russia & CIS. She has spent more than 10 years in the retail business. During the last two years, she worked for Ikea Centers Russia, the largest retail real estate market player in Russia. Martynova was in charge of forming tenant pools for the ...
Thursday, 21. September 2017

Russia cedes its leadership in shopping centre completions in Europe

According to JLL, 334,000 sq m of new quality shopping centres entered the Russian market in H1 2017, down by one-third from the level in the same period last year. Some 806,200 sq m are announced for delivery in H2 2017, which is also one-third lower YoY. This will bring the total Russia stock above 24m sq m.
Thursday, 7. September 2017

Tourism returns to Kiev

JLL presents the H1 2017 results of the quality hotel market in Kiev. Especially notable is the substantial ADR and RevPAR improvement in USD: ADR in May displayed a 3% growth, amounting to €134.49 (USD 158), while RevPAR, due to the occupancy improvement, skyrocketed by 39%, to €73.20 (USD 86). In June USD ADR took a slight ...
Wednesday, 9. August 2017

St. Petersburg hotels show record-breaking ADR and RevPAR

JLL presents the H1 2017 results of the quality hotel market in St. Petersburg. “Russian North Capital quality hotel stock in H1 2017 showed the highest performance in last five years in terms of ADR and RevPAR – growth by 15% and 8.5%, to €90.36 (RUB 6,400) and €49.41 (RUB 3,500) respectively. On the back of dropping occupa...
Tuesday, 8. August 2017

Moscow quality hotels occupancy approached 70% in H1 2017

JLL presents the H1 2017 results of the quality hotel market in Moscow and the Moscow Region. According to Tatiana Veller, Head of JLL Hotels & Hospitality Group, Russia & CIS, Moscow’s quality hotels have set a new 5-year record – nearly 70% of the room stock was occupied in the Russian capital in the first 6 months of this ...
Tuesday, 8. August 2017

Moscow office occupier activity is getting back to normal

According to JLL, the Moscow office market saw no completions in Q2 2017. This extended the recent trend of delayed deliveries. Until the end of 2017, 542,000 sq m of new offices are expected to enter the market. In the first half of the year, only 21,143 sq m were completed, implying that almost all completions this year wil...
Tuesday, 1. August 2017

Vacancy continues to fluctuate on the Moscow warehouse market

According to JLL estimates, in Q2 2017 the vacancy rate in existing warehouse premises in Moscow Region declined to 11.3% from 12.8%. In absolute terms, the volume of vacant warehouse space amounted to 1.47m sq m, tssshe lowest figure in the last 12 months.
Tuesday, 18. July 2017

More than 2,200 branded hotel rooms open in Russia, CIS and surroundings in H1 2017

JLL analyzed the growth of branded room supply and plans for new openings in hotel markets of Russia, CIS and surroundings in 2017. In H1 2017, more than 2,200 rooms have been already added to the room inventories around the region; that is roughly the same as this time last year. In Russia alone, about 1,900 new rooms were p...
Tuesday, 18. July 2017

Number of market complexes in Moscow falls 90% over 20 years

There are currently 22 food retail markets operating in Moscow, which is 90% fewer than in the early 1990s. Despite their reduced number, they are improving in quality and are being renovated to resemble European farmers' markets, fairs and fresh-markets. The development of the market complex sector can be divided into two ke...
Friday, 14. July 2017

Street reconstruction again affects Moscow street retail market

According to JLL, the vacancy rate in main Moscow high street corridors reached 8.8% in Q2 2017, up by 0.4 ppt from Q1 2017 and down by 4.2 ppt from Q2 2016. In Q2 2017, the lowest vacancy rate was observed on Pokrovka (1.7%), B.Dmitrovka (2.2%) and Myasnitskaya (4.5%) streets. The occupancy on many central streets remained u...
Thursday, 13. July 2017

Six months with no completions on Moscow retail market for the second quarter in a row

According to JLL, the vacancy rate in existing shopping centres in Moscow declined from 7.2% to 6.4% in Q2 2017. JLL analysts expect this indicator to decline further, to 6% by the end of the year, the lowest level since the beginning of 2015. Some 236,700 sq m of new quality shopping centres are announced for delivery in H2 ...
Tuesday, 11. July 2017

Russia real estate investment volume exceeds €1.94bn in H1 2017

In Q2 2017, Russia’s real estate investments more than doubled vs Q2 2016 and reached €1.23bn (USD1.4bn), according to JLL calculations. This brought the H1 2017 volume to €1.94bn (USD2.2bn), 39% up from H1 2016 (€1.41bn or USD1.6bn). JLL analysts expect investments to continue growing in the near future. According to their f...
Wednesday, 5. July 2017

Actors store opens in Forum Lviv

The Actors Brand is represented in Forum Lviv SC in the store, measuring around 130 sq.m. Actors store can be found in Forum Lviv on the First Floor.
Tuesday, 27. June 2017