Real Estate


Q4 2015

A Selection of News and Topical Views

  • November 12, 2015
SEC Riviera to Open in Moscow in March 2016; Romanov Property Holding Fund Enters Asset Management Market; Tashir Shopping Mall Opened in Sochi; Metro Cash & Carry Opened New Shopping Center in Lobnya, and other news.

Shopping Malls Awaiting More Tenants

  • November 12, 2015
Retail has typically been the most active segment of commercial real estate and it seemed that retail space would always be in high demand. That picture changed radically this year.

Shopping Center Tenants Request Lower Rent and Remodeling Costs

  • November 12, 2015
New shopping centers are opening with 50 percent occupancy rates, according to RRG company, while Knight Frank finds that vacancies in existing Moscow shopping centers reached 10.1 percent during Q3 2015.

Crisis Creates Lucky Break for Start-ups

  • November 12, 2015
Longtime residents of the capital retail market negotiate more advantageous deals with landlords and shutter unprofitable outlets. New, aggressive players occupy the vacated spaces and capitalize on their competitors' weaknesses.

Everything's on Sale

  • November 12, 2015
The crisis has hit the clothing retail segment hardest. Operators are renegotiating rental contracts and closing unprofitable stores, but that does not solve their main problems.

"The Market Must Go Back to the Dollar"

  • November 12, 2015
This was not the best year for the warehouse real estate market. Rates fell sharply and most owners were forced to sign contracts in rubles. Many tenants reduced the size of their rented space, and some even declared bankruptcy.

Retailers Snatch Up Warehouses Despite Crisis

  • November 12, 2015
Official statistics show that real incomes are falling, inflation is growing, shopping centers have fewer customers and trading companies are experiencing a slowdown in sales growth. Overall, sales are off by 8.2 percent year-on-year for the first eight months of 2015.

Warehouse Market Faces Glut

  • November 12, 2015
This has been a record year for the Moscow warehouse market — a record-high volume of acquisitions involving record-sized transactions, but also a record high vacancy rate. Next year promises to be far more difficult, with a dearth of potential tenants.

High Demand for German Supermarkets

  • November 12, 2015
International demand for commercial real estate has grown significantly. According to Colliers, investment in commercial real estate in Europe and the Middle East rose by 17 percent in 2014 to 51.8 billion euros, the highest level since the economic crisis of 2008.

Russian Regions Compete for German Money

  • November 12, 2015
Russian regional heads worked to persuade German investors to renew their faith in Russia at a conference of the Russian-German Chamber of Commerce (RGCC) and the Agency for Strategic Initiatives (ASI) held this month in Munich.

Crisis Gives Rise to New Formats

  • November 12, 2015
Regional shopping centers are growing smaller, but to no avail as va­cancy rates climb to 70 percent. Mall owners are turning to increasingly non-standard approaches to attract retailers and shoppers.

Cafés and Restaurants Thrive in Russia's Parks

  • November 12, 2015
In a new national trend spreading rapidly from the metropolises to the regions, street retail venues are becoming an integral part of parks and squares, transforming Russia's public spaces.

Appointments

  • November 12, 2015
Q4 2015
Q4 2015
 — Foreign Brands Take Advantage of Crisis to Open New Stores in Moscow
 — Regional Shopping Centers Now Smaller and More Interesting
 — Warehouse Real Estate Market Sees Record Volume of Transactions