Eastern Europe

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.

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.

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.

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...

Hilton Garden Inn opened four new hotels, from the U.S. to Russia to Germany, featuring enhanced food and beverage offerings, modern and contemporary designs, and the brand's hallmark bright and airy décor.

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...

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...

CBRE Research Department indicated the key trends of the Russian regional Industrial and Logistics market for 2017 and gave forecast for 2018. According to the report, key demand drivers in 2017 were companies of different business types. Business activity of e-retailers exceeded its pre-crises level, amounting to 262,000 sq ...

According to JLL experts, quality hotel market in Kiev continues to rebound. Boryspil airport reported increase in passenger flow by approx. 17% (over 10m arrivals in 2017, out of which 3.2m were transients). Currently, the strategy of Boryspil airport, biggest Ukrainian hub, is to attract more economy and low-cost airlines (...

According to JLL, at the end of 2017 the warehouse vacancy rate on the Russia regional markets, excluding Moscow and St. Petersburg, declined to 4% from 8% at the end of H1 2017. For comparison, the vacancy rate in the Moscow region reached 8.3% in Q4 2017, in St. Petersburg 4.8%. The Moscow region now has 2.4 times more avai...

JLL analysts estimated the vacancy rate in the main Moscow high streets at 9.0% in Q4 2017, 0.6ppt below the level a year earlier. Petrovka Street and the Garden Ring were the leaders in improving occupancy in H2 2017, with vacancies declining by 4.3ppt and 1.2ppt, respectively.

JLL presents the 2017 results of the quality hotel market in Moscow, Moscow Region, and St. Petersburg as well as forecast for 2018. „Overall the situation on the Moscow quality hotel market looked quite optimistic in 2017, however the growth slowed down three times in all operational indices compared to 2016,“ said Tatiana V...

According to JLL, Moscow office take-up was recorded at 508,000 sq m in Q4 2017, a record high since the beginning of 2013. “Total 2017 office take-up volume exceeded our forecast and reached 1.28 m sq m, up by 21% YoY," says Elizaveta Golysheva, National Director, Head of Office Agency, JLL, Russia & CIS.

According to JLL, warehouse completions in Moscow region amounted to 297,000 sq m in Q4 2017. In 2017, a total of 532,000 sq m were delivered, half the 2016 volume and the lowest since 2006. Among the largest projects completed in 2017 are new buildings in Orientir Sever 2 warehouse complex (83,000 sq m), Klin Logistics LP (5...

Fashion House Outlet Centre Moscow enters 2018 with an additional leased area of 1,258 sqm. The scheme’s impressive portfolio is enriched by renowned international and local brands: Under Armour, Paul Smith, Dino Ricci, Choupette and Milavitsa. In addition, Time Kids shapes leisure shopping experience, offering children’s ent...

According to JLL, only three shopping centres entered the Moscow market in 2017: Vegas Kuntsevo (113,400 sq m ), Vidnoe Park (24,000 sq m), and the retail part of Fili Grad multifunctional complex (12,000 sq m). The resulting annual figure of 150,000 sq m was the lowest in the past five years. It is worth mentioning that ther...

Allo electronics store has opened a new extended format shop named Allo Max in Forum Lviv sec. The store measuring 360 sq. m. can be found on the First floor in the shopping gallery. The new store concept has a minimalistic design that harmoniously combines natural materials and innovative forms. Allo Max offers Forum Lviv c...

Russia’s real estate investments reached USD1.9bn (c. €1.6bn) in Q4 2017, up 88% YoY (USD1.0bn or c. €840m in Q4 2016), according to JLL calculations. This brought the full year volume to USD4.6bn (c. €3.85bn), up 9% from USD4.3 bn (c. €3.6bn) in 2016.