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15.12.2010
In addition to growing demand for hotel services and gradual return to pre-crisis performance, the outgoing year demonstrated the awakening interest of international brands in Russia. In the second half of 2010 almost all operators declared their plans of rapid expansion. Not only the conquest of Moscow, but also the “conquering” of Kazan, Yekaterinburg, Omsk and even Vladivostok markets is in question.
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The year 2010 inspired hopes in the players of warehousing real estate market that the upcoming year would mark the end of the recession and commencement of a new growth phase. Nevertheless not a single large industrial project will hit the market in 2011. Developers may only anticipate continued growth of rental rates and look for opportunities to finance new projects provided the demand keeps burgeoning.
![]() 15.12.2010
Buyers in the megapolopolis have become more selective, and the recession has helped people to start making better and more reasonable purchases. Thus shopping centers and retail chains, with more elaborate and comprehensible sales concepts, have started taking the leading positions in terms of buyer loyalty. Finally, the market has demonstrated that “the customer is always right.”
![]() 15.12.2010
According to all the signs out there, the office real estate market is heading for another spiral – this time upwards, as both the demand for quality spaces and the number of transactions keep growing. However, developers are still playing it safe, as are the investors. The delicate balance in the commodities markets, on which the demand for office real estate depends, is easy to upset. In spite of that, experts are optimistic about the future and expect 2011 to become a year with a record-breaking number of transactions.
![]() 08.11.2010
Galina Spasenova, Partner, Director of Construction and Real Estate Personnel Recruitment with Contact Agency Having survived the time of trouble in the national economy, construction and real estate companies have finally set to gradual reestablishment of their business. During the crisis they were forced to streamline their operations by cutting their staff and now many of them need to assess the situation on the sectoral labor market to develop a future strategy of personnel recruitment and retention. ![]() 05.04.2010
19.03.2010
04.02.2010
According to Jones Lang LaSalle Hotels the hotel investment volume in Europe, Middle East and Africa (EMEA) fell to €2.9 billion in 2009, reflecting the lowest volume of transactions since the late 1990s and a drop of 63% compared to 2008. While 2010 is expected to remain challenging, by the year-end investment volumes could increase by almost 40% on the 2009 volume and reach €4.1 billion, driven by improving economic conditions, gradually strengthening investor confidence and an increase in stock on the market.
![]() 26.02.2009
Hong kong and tokyo overtake london in global ranking of the world’s most expensive office locations
London has lost its status as the world’s most expensive office location for the first time in nine years. According to the new Office Space Across the World 2009 report from global real estate advisor Cushman & Wakefield, Hong Kong and Tokyo are now the world’s two most expensive locations relegating London to third place. The cost of occupying a prime square metre of office per year in Hong Kong now stands at ?1,743.
![]() 02.08.2011
As of early 2011, there are 118 movie theaters and 530 cinemas in Moscow. This is 6 movie theaters and 56 cinemas more than a year ago. However, it is premature to talk about market saturation in the city. The largest cinema chains are only interested in shopping centers, while not so many of them are scheduled to open in Russia's capital during the next 2-3 years.
![]() 08.11.2010
In February 2010, the Russian President, Dmitry Medvedev, announced his plans to create a Russian Silicon Valley. The message was received with some skepticism by the public. Of course, such skepticism was not caused by the President’s intention to attract investments into the development of innovative technologies, but rather by the very possibility of creating an innovation city on a green field.
![]() 04.03.2010
13.04.2009
13.04.2009
08.11.2010
Oksana Derevyanko, Associate at DLA Piper A buyout of state-owned and city-owned land encumbered by immovable objects is an important business decision. Yet in a number of instances the way from decision-making by an investor about land acquisition to actual achievement of the desired result proves thorny and time-consuming as investors have to grapple with unfounded denials by public officials. ![]() 29.01.2009
The last three years have been a time of prosperity for the land market in the Moscow Region, as indeed was the case for the entire real estate market. Looking at how the land market reacted to the economic turmoil in Russia, can we continue considering land as a reliable strategic investment instrument, and what will happen to the land prices in the coming year – to those questions, as to many others, we still have no clear answers.
![]() 15.09.2008
The Ministry of Economic Development published some information last August, according to which, taking into consideration inflation, the real incomes of Muscovites decreased in relation with the previous year. Furthermore, according to data from the Federal State Statistics Service, foreign investments into the Russian economy in the first half of 2008 decreased by almost one third year-on-year. The conflict with Georgia is not helping any either, and Russia’s image as an investment target could change for the worse. How will the capital’s consumer market react to these factors and consequently Moscow’s commercial real estate?
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