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» Chronological View: " Eastern Europe " «

Stockmann to sell Nevsky Centre in St. Petersburg for €171 million

Stockmann plc has signed an agreement to sell its Nevsky Centre shopping centre property in St. Petersburg to PPF Real Estate for a purchase price of €171 million. The value of the Nevsky Center property in the balance sheet on 1.1.2018 was €181 million. The transaction includes Stockmann’s fully-owned Russian subsidiary, OOO...
Tuesday, 16. October 2018

All segments in the Moscow & St. Petersburg hotel market see prices increase in H1 2018

The busiest hotels in Moscow in the first half of this year were Upscale, Economy and Upper Midscale segments (78, 77 and 76% respectively), according to June & H1 2018 Moscow & St. Petersburg hotel market presented by JLL. Upscale hotels in St. Petersburg also reached the maximum occupancy, selling 69% of the rooms in H1, 1 ...
Wednesday, 8. August 2018

Moscow Central Business District vacancy rate reached ten-years minimum

JLL presents the H1 2018 Moscow office market update. According to JLL experts, office vacancy rate reached the lowest level since Q3 2018. In Q2 2018, the vacancy rate on the Moscow office market continued to decline amid low completions and rising take-up, says JLL. The current vacancy, at 12.0%, is the lowest since Q3 2008...
Friday, 3. August 2018

3,800 branded hotel rooms opened in Russia, CIS and surroundings

JLL has analysed the activity of hotel markets in Russia, CIS and surrounding countries on branded openings in H1 2018: “2018 in Russia is the year under the sign of the World Cup, and an active introduction of hotel rooms to the markets in Moscow, St. Petersburg, Saransk, Samara, Kaliningrad, Nizhny Novgorod and Rostov-on-Do...
Tuesday, 24. July 2018

Only 16% of planned warehouse projects for 2018 were delivered in Moscow region in H1

Warehouse completions in Moscow region in Q2 2018 amounted to 148,000 sq m, comparable to 142,000 sq m delivered Q2 2017. In the first half year of 2018, completions totaled 216,000 sq m which is only 16% of the volume announced for delivery in 2018m, while up by 8% YoY, according to JLL. About 56% of Q1 2018 completions were...
Friday, 20. July 2018

Foxtrot opens store in Forum Lviv shopping centre

Foxtrot has opened a new store for home appliances in Forum Lviv, with a store space of more than 1,300 sq.m. The new Foxtrot store is located in the main atrium on the first floor and has become the anchor operator of the shopping centre.
Wednesday, 20. June 2018

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