St. Petersburg will present more than 30 investment projects at MIPIM; Billions for Europe; Radisson Blu Hotel will be built in place of building materials plant; 52 new brands premiered on the Russian market in 2015 and other news.
In January 2016, the fate of 39 shuttered Moscow cinemas, sold to a private owner a year ago, was decided. Within two years, they will become markets, but with public spaces like restaurants, cafes, coworking centers, shops and culinary schools.
Openings of shopping centers in St. Petersburg in 2015 reached a six-year low, but the volume of vacant space is increasing. New shops are still opening. Among the most active tenants are fashion operators and food retailers.
More than 120 industrial parks appeared in Russia in less than 10 years, but they are only half-filled. What stops companies from setting up manufacturing on the Russian sites? Unfortunately, the basic problems of the development of industrial parks lie outside the economic sphere.
Since the early 2000s, thanks to the general economic rise, the Russian cities have been growing and expanding. The period of "high oil" is behind, and it is high time to draw some interim conclusions. What is the modern regional city, where every tenth Russian lives?
About $3 billion was invested in commercial real estate in Russia in 2015, which is 14 times less than investment in Germany and 27 times less than in the UK market. There are ever fewer people and companies willing to take on the increased country risk.