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Eastern Europe

Demand of logistic firms for Moscow region warehouses reaches record level in H1 2019

The H1 2019 take-up volume in the Moscow region increased by one-third YoY and reached 854,000 sq m of which over 500,000 sq m transacted in Q2 2019, according to JLL. The demand of logistic companies has grown the most significantly. The share of logistics in the take-up structure has risen to 31% from 14% in 2018, deals vol...
Thursday, 18. July 2019

New Reima store opens in Forum Lviv

New Reima store opened in Forum Lviv shopping centre. From now on, the brand of children's clothing is presented in the shopping centre, on the First floor in the fashion gallery, with a store measuring 120 m². “The Reima brand is a wonderful addition to the brands portfolio in the kids apparel segment,” comments Marina Nest...
Tuesday, 16. July 2019

Russia real estate investment volume increased to USD1.6bn

Russia’s real estate investment volumes increased by 24% YoY to more than USD1.6bn in H1 2019 compared to USD1.3bn in the previous year, says JLL. In this, Q2 2019 volume reached USD643m, 13% higher than in Q2 2018 (USD568m). “Growth in H1 2019 can be explained by the closure of several large transactions. Increased stability...
Wednesday, 3. July 2019

Multi appoints Antoine Mocachen as Managing Director for CEE Region

Multi Corporation appointed Antoine Mocachen as Managing Director for Central and Eastern Europe, effective 17 June 2019. He will be responsible for Multi’s activities in Hungary, Poland, Slovakia and Ukraine. Antoine Mocachen succeeds Luca Maganuco, who has filled this position on an interim basis for the past year, in addit...
Thursday, 16. May 2019

Take-up volume on the Moscow region warehouse market reached 348,000 sq m

JLL presents the Q1 2019 Moscow region warehouse market update. The vacancy rate has been declining for the past two years. According to real estate advisory, the vacancy rate in the Moscow region warehouse market declined by 0.3 ppt in the first three months of 2019, to 4.2%. The take-up volume in Q1 2019 was 348,000 sq m, o...
Tuesday, 16. April 2019

Vacancy rate in Moscow shopping centres approaches 4%

The vacancy rate in Moscow shopping centres declined to 4.3% in Q1 2019, which is the lowest level since the middle of 2014, according to JLL. This is due to the low number of completions in 2017-2018, when only eight new schemes (278,000 sq m[1]) entered the market; the figure is half the level of new shopping centre deliver...
Thursday, 11. April 2019

Moscow City office vacancy rate is expected to stay low at 7-9%

The high demand for offices, including government sector, has led to reduction of the vacancy rate by two thirds during 2016-2018, to 7.3%. Although the announced completions in the next five years is significant, the vacancy rate will stay stable at this low level, which will support further rental rate increase, according t...
Tuesday, 19. March 2019

Radisson Collection Hotel celebrates opening in Moscow

Radisson Hospitality AB to celebrate the opening of the Radisson Collection Hotel, Moscow with 501 guest rooms and suites. Located on the bend of the Moskva River, the hotel was formerly the tallest in Europe. The rebrand is now complete and the hotel has become the latest addition to the group's exceptional collection of pre...
Monday, 11. March 2019

European hotel rooms see strong growth in value with gains across most cities in 2018

Hotel values across Europe registered another strong year in 2018 showing 3% growth and reaching new highs, according to the annual European Hotel Valuation Index (HVI), compiled by HVS. Although a more modest growth than that of 2017 at 3.9%, 2018 saw recovery for many cities as well as a levelling off in values for some mar...
Tuesday, 26. February 2019

Offices & Logistics are the engines of growth in European real estate

Europe’s commercial real estate markets maintained their positive trend across most markets and property types during the fourth quarter of 2018, according to Cushman & Wakefield’s latest DNA of Real Estate report. The European sector, however, was more subdued.
Wednesday, 30. January 2019

Stockmann has sold the Nevsky Centre property in St. Petersburg

Stockmann has completed the sale of its Nevsky Centre shopping centre to the new owner PPF Real Estate . The transaction included Stockmann’s fully-owned Russian subsidiary, OOO Stockmann Nevsky Centre, which owns 100% of the Nevsky Centre property. The transaction price was €171 million and the transaction had a positive cas...
Monday, 28. January 2019

Radisson Hotel Group adds Radisson Royal Hotel, Moscow to its Collection portfolio

Radisson Hotel Group has added one of Moscow's legendary landmarks, the Radisson Royal Hotel, Moscow, to the exceptional Radisson Collection, effective January 2019. Reserved only for the group's most outstanding properties, Radisson Collection's global portfolio boasts a glittering array of local exceptional hotels and one-o...
Wednesday, 28. November 2018

Radisson Blu Olympiyskiy Hotel opens its doors

Radisson Bluto announce the partial opening of the newly built Radisson Blu Olympiyskiy Hotel, Moscow. „One of the hotel's many fantastic features is the exceptional view of sights such as the Kremlin, Moscow City's skyscrapers, Stalin's famous Seven Sisters high rises, and the green zone in the city center. The panorama from...
Wednesday, 14. November 2018

YIT starts a new residential project in Tyumen

YIT has started construction of a new residential project in the city of Tyumen in Russia. Located in the city centre the approximately one-hectare plot will see the construction of two 17- and 21-storey residential buildings and a car park. Named City Zen, the project will consist of 292 apartments, most of which will be two...
Wednesday, 24. October 2018