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» Chronological View: " Eastern Europe " «

Moscow’s retail market benefits from Football World Cup

More than one million football fans are expected to visit Moscow for the Football World Cup in Russia, Colliers International predicts that the event is likely to have a significant impact on vacancy rates in Moscow's retail property market, calculating that the demand for short-term leases from retail and food and beverage o...
Friday, 15. June 2018

World Cup tourists help to boost Russian hotel market

21.5 million tourists visited Moscow in 2017, which is 13% more than in 2016, while 7.5 million visited St. Petersburg, 8.4% more in the previous year, according to figures from global real estate advisor, Colliers International. The growth trends in hotel operating performance in both cities have held steady for the third ye...
Wednesday, 13. June 2018

The vacancy rate on the Moscow street retail market reverted to a three-year minimum

The vacancy rate on the main Moscow high streets declined to 8.4% in Q1 2018, down by 0.6ppt QoQ. The indicator returned to the level at the beginning of 2017, a minimum that was followed by the reconstruction of central Moscow streets, according to JLL analysts. The northern section of the Garden Ring (from Mayakovskaya metr...
Monday, 30. April 2018

Growth of all operational indices in Kiev hotel market

The average rate in dollars (ADR) in the Upper segments grew by 8% vs. Q1 last year, to USD 160 (c. €181.4). In the Middle segments, the rate increased by 18%, to USD 68 (c. €77.1). At the same time, occupancy of more expensive hotels remained at last year's level (40%), while more budget-friendly accommodation facilities sol...
Monday, 30. April 2018

The Moscow and St. Petersburg quality hotel market grew in Q1 2018

The demand for quality hotels grew in Q1 2018 both in Moscow and in St. Petersburg compared to the same period in 2017 against the background of a small drop in prices. RevPAR in both cities remained at the level of last year - c. €58 (RUB4,400) in Moscow and c. €27.1 (RUB2,100) in St. Petersburg. The most in demand segments ...
Friday, 27. April 2018

JLL appoints Evgeniy Bumagin as new head of warehouse and industrial department

JLL has promoted Evgeniy Bumagin to Head of Warehouse and Industrial Department, Russia & CIS. Bumagin has over 11 years of experience in the warehouse sector. He joined the JLL team in 2010 and has grown from a consultant to National Director. Bumagin closed many significant deals which include the leasing and sale of wareho...
Friday, 27. April 2018

Sharp vacancy drop on the Moscow region warehouse market

In Q1 2018 the vacancy rate on the Moscow region warehouse market declined by 1.9 ppt, from 8.3% to 6.4%, according to JLL. In absolute terms, the volume of vacant spaces shrank to 1.08m sq m. This marked the lowest vacancy levels since 2015, both relative and absolute. The main reason for the vacancy drop was low completions...
Wednesday, 18. April 2018

Radisson Blu opens in Rostov-on-Don

Radisson Blu is opening of a new Radisson Blu Hotel, in Rostov-on-Don. The hotel is located in the heart of Russia's southern capital Rostov-on-Don. It is just 9 km from the existing airport and 29 km to the North-East of the new Rostov International Airport Platov.
Thursday, 5. April 2018

St. Petersburg outpaced Moscow by real estate investment volume

Russia’s real estate investments reached USD728m (c. €593m) in Q1 2018, down 8% YoY (USD792m in Q1 2017). “Russia real estate market continues to recover, although an element of uncertainty remained. Main positive factors include economic recovery, rouble stabilization and historically low inflation. The financing is getting...
Thursday, 5. April 2018

Only one shopping centre entered the Moscow market in Q1 2018

According to JLL, the average vacancy rate in Moscow shopping centres declined from 6.2% to 6.0% in Q1 2018. A particularly large correction was observed in shopping centres delivered to the market in 2016-2017, from 14% to 12.6%. These projects accounted for a half of newly occupied retail space in Q1 2018.
Wednesday, 4. April 2018

Allrise appoints Zhuranskaya ahead of European lending push

The Allrise Financial Group has appointed former Deutsche Bank and Merrill Lynch banker Inna Zhuranskaya as its new chief executive ahead of a push into new European markets. The Debt specialist is planning to launch real estate funds in the US and Europe, and a joint venture in Russia with a major institutional investor.
Tuesday, 3. April 2018

EPH expects a significantly lower annual loss in 2017

Eastern Property Holdings expected a net loss of between US$ 1-10 million (c.€0.81 - 8.08 million) for the year 2017, compared to a net loss of US$ 70.5 million (c.€56.97 million) for the same period a year earlier.
Wednesday, 28. March 2018

JLL appointed new Head of Corporate Solutions, Russia & CIS

JLL appointed a new Head of Corporate Solutions, Russia & CIS. Victoria Manzyukova joined the team. The Corporate Solutions department headed by Manzyukova provides full cycle services to corporate clients – both tenants and occupiers. This includes consulting on office lease and purchase, workplace strategy, new contracts an...
Wednesday, 28. March 2018

Ikea Centers announces major extension at Mega Adygea-Kuban

Ikea Centres Russia has announced a major extension at its Mega Adygea-Kuban mall, located in southern Russia near the Black Sea. The GLA of the shopping centre is being more than doubled to 190,000 sq m, creating a next generation meeting place and leisure destination for the 14 million people who visit Mega Adygea-Kuban eve...
Monday, 26. February 2018

Skechers opens new store in the Forum Lviv

Multi Ukraine which is carrying out the management of the Forum Lviv SC brings another new brand to Lviv. Skechers, the USA brand offering trendy apparel for men, women and children, on 16 of February has opened its first store in Lviv in Forum Lviv shopping centre. Skechers is a global leader in the sports and lifestyle foot...
Thursday, 22. February 2018