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» Chronological View: " Russia " «

Ikea Centers announces major extension at Mega Adygea-Kuban

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

Business activity of e-retailers in 2017 exceeds pre-crises level

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 ...
Tuesday, 20. February 2018

Vacancy rate on the regional warehouse markets in Russia halved in H2 2017

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...
Friday, 9. February 2018

Tenants return to Garden Ring, following the summer reconstruction

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.
Friday, 9. February 2018

Moscow and St. Petersburg hotel markets with good performance

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...
Thursday, 1. February 2018

Moscow quarterly office take-up hit five-year record high

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.
Wednesday, 31. January 2018

High vacancy rate underlines a record low warehouse delivery in Moscow region

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...
Thursday, 25. January 2018

Fashion House Outlet Centre Moscow welcomes six new tenants

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...
Wednesday, 24. January 2018

Sharp decline of Moscow shopping centre completions led to vacancy rate drop to 6.2%

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...
Wednesday, 24. January 2018

Russia real estate investment volume reached USD4.6bn

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.
Wednesday, 10. January 2018
CBRE appoints Kate McMurtrie to EMEA occupier services team

CBRE appoints Kate McMurtrie to EMEA occupier services team

CBRE has appointed Kate McMurtrie as an Executive Director within its EMEA Advisory & Transaction (A&T) management team. McMurtrie will have responsibility for business development and key occupier client accounts across the EMEA region with a specific focus on growing and expanding CBRE’s unrivalled occupier service offering...
Wednesday, 20. December 2017

Marriott expands in Russia with opening of Voronezh Marriott Hotel

Marriott Hotels has debuted in Voronezh with the opening of Voronezh Marriott Hotel. Situated in the south of Russia on the Voronezh River, the city is recognised as an important centre of culture, science and industry in the region. This latest opening strengthens Marriott’s portfolio across the country and promises to enhan...
Thursday, 14. December 2017
Immofinanz closes the sale of the Russian retail portfolio

Immofinanz closes the sale of the Russian retail portfolio

After the sale of the Russian portfolio seemed to be a protracted marathon process, Immofinanz has now performed a sprint on the last meters. Only four weeks ago the sales report was published, now the closing took place in St. Petersburg: The Moscow shopping centers have officially been transferred to the Russian Fort Group ...
Monday, 11. December 2017
Ikea Centres ramp up F&B investment

Ikea Centres ramp up F&B investment

Ikea Centres Russia records 250 million people visiting its 14 Mega branded shopping centres and 85 Russian, and international retailers including Superdry, Lindt, and Julius Meinl joining Ikea Centres Russia’s portfolio. Over €50 million has also been invested in creating new food & beverage space at Mega malls, transforming...
Monday, 27. November 2017

European shopping centre development slows but pipeline remains strong

Shopping centre development activity in the first half of 2017 increased total floorspace across Europe to 160.8 million sq m at the midpoint of the year, according to Cushman & Wakefield. In the first half of the year 825,000 sq m was delivered to the market in Central & Eastern Europe (CEE), compared with 344,000 sq m in We...
Thursday, 23. November 2017
Immofinanz sells Moscow-portfolio to Fort Group for €901m

Immofinanz sells Moscow-portfolio to Fort Group for €901m

The end is finally in sight: It is „no further reduction of liquidity through equity contributions for the Russian portfolio“ necessary, this is one of the key messages in the current Immofinanz sales announcement. The Austrian real estate group was able to sell its unprofitable retail portfolio in Moscow to the Russian Fort ...
Monday, 13. November 2017

Moscow office vacancy rate continues to decline

According to JLL, 74,583 sq m of quality office space was delivered to the market in Q3 2017. The bulk of this, 56,949 sq m, was Class A buildings (Oasis and Fili Grad business centres). The overall Q1-Q3 2017 completions were 95,726 sq m, 63% lower YoY (256,953 sq m in Q1-Q3 2016).
Tuesday, 7. November 2017

Reconstruction has not affected Moscow street retail market yet

According to JLL, the vacancy rate in the main Moscow high street corridors remained roughly unchanged in Q3 2017 since the previous quarter level, at 8.9% versus 8.8%. Thus, the completion of street renovation works has not yet triggered a rise in occupancy on central retail streets. Meanwhile, the vacancy rate declined by 1...
Tuesday, 7. November 2017