Russia

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...

With the opening of three shopping centres in the first half of 2018, totalling 98,500 sq m, Moscow's shopping centre density reached 418 sq m per 1,000 inhabitants, almost ctaching up with St. Petersburg, whose level was at 422 sq m, according to JLL.

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...

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...

Knight Frank has strengthened its private client offering with the expansion of its Global Prime team. The team, led by Paddy Dring, head of global prime sales consists of Knight Frank’s Private Office, based in London and run by Rory Penn and Thomas van Straubenzee, together with a specialist group of global property experts...

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...

The overall Q1 2018 office take-up in Moscow has increased 87% YoY and reached 312,000 sq m, the highest Q1 volume since 2013, according to JLL. Trading companies surpassed traditional leaders, banks and finance companies, with 28% of the deals. The second place was taken by manufacturing companies, with 20%. Among the larges...

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 ...

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...

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...

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.

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...

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...