Investing in real estate in St. Petersburg is growing much faster than in Moscow
13.02.2012 2901

Investing in real estate in St. Petersburg is growing much faster than in Moscow

At the end of last year, the Northern Capital took 34th place (up 187 positions) in the world ranking of cities with the highest volume of real estate investments. The main reason for this success of the second city in Russia is the record deal with the Gallery shopping center.

Investments in St. Petersburg real estate grew almost 10 times to $ 2,1 billion, a record growth for the rating, according to Jones Lang LaSalle. Investors invested $ 3,6 billion in Moscow real estate, 50% more than in 2010, the capital rose from 25th to 18th in the rating.

Several major transactions ensured the success of Petersburg: the acquisition of the largest shopping center Gallery in the city by an investment fund managed by Morgan Stanley from the Kazakh Meridian Capital (transaction value - more than $ 1 billion, a record for the Russian market), the purchase of Passage by Jensen Group and five shopping centers "Macromir" by Fort Group, explains the representative of Jones Lang LaSalle Natalia Kopeichenko.

In Moscow, the cost of real estate is much higher, and St. Petersburg, despite the saturation of shopping facilities, remains attractive for development, said the representative of Fort Group Konstantin Vinogradov. In St. Petersburg, unlike many other regions, there are no problems with the acquisition of land in private property, in addition, the rights and obligations of the investor and the state are clearly spelled out here, argues Igor Gorsky, managing partner of ARIN. The active promotion of St. Petersburg abroad also played a role: the city administration participated in many large international forums and exhibitions, which affected the prestige and image of the Northern capital, Gorsky believes. 

London remains the world leader in investments, in real estate of which investors have invested $ 24,3 billion. New York (investment volume - $ 2 billion) and Paris ($ 3 billion), respectively, are in the 19,2nd and 14rd place. About this newspaper Vedomosti.

At the end of last year, the Northern Capital took 34th place (up 187 positions) in the world ranking of cities with the highest volume of real estate investments. The main reason for this success ...
5
1
Rating

Latest News

Brunello Cucinelli increased revenue in the first quarter by 16,5%

With LVMH recently reporting a 2024% drop in revenue for the first quarter of 2 due to overall stagnation in the luxury market, Italian fashion house Brunello Cucinelli has bucked the trend. IN…
18.04.2024 169

Lamoda launches its own clothing and footwear brand

Russian online retailer Lamoda presented the first collection of its own women's clothing brand NUME. Exclusively on the Lamoda online platform under the NUME brand, about 90 items for women’s wardrobe are offered -…
18.04.2024 207

Shoe and clothing brands have released special collections for the 20th anniversary of the ST-JAMES boutique

The multi-brand boutique ST-JAMES, managed by a major player in the Russian fashion market, the Jamilco company, celebrates its 20th anniversary this year. A number of shoe and clothing brands represented in the boutique have prepared special…
18.04.2024 221

Balenciaga has released a new release of oversized 10XL sneakers

Fashion house Balenciaga debuted the 10XL sneaker during its fall 2024 runway show in Los Angeles back in December. At the time of the show, the first two color schemes of the new model were available for pre-order, which deliberately surprised...
17.04.2024 309

Bape and Adidas unveil a new silhouette of skate sneakers

Bape and Adidas have been collaborating for over 20 years and are debuting an all-new collaborative sneaker silhouette for the first time. Adidas N Bape is created in the spirit of skate culture of the early 00s and has some similarities with the Adidas Campus XNUMXs model,…
17.04.2024 1477
When you sign up, you will receive weekly news and articles about the shoe business on your e-mail.

To the beginning