Rieker
Investors prefer shopping centers
07.08.2012 2045

Investors prefer shopping centers

In the first half of 2012, almost half of investments in the Russian commercial real estate market fell on retail space, overtaking investments in office construction for the first time in five years. Amid the decline in quality supply in Moscow, investors conclude more and more transactions in the regions, concentrating mainly on shopping centers, analysts explain.

According to the results of the first six months of 2012, $ 1,523 billion was invested in Russian commercial real estate, which is 44% lower than in the same period in 2011, experts of the consulting company CBRE calculated. At the same time, the share of transactions in the retail market for the first time in recent years surpassed the office segment, pay attention to CBRE. In the first half of 2012, retail real estate accounted for 49% of investments, while office real estate accounted for only 37%. Investments in retail real estate in the Moscow region in January-June 2012 increased by 31% compared to the first half of 2011, according to Colliers International. Jones Lang LaSalle recalls that in the past five years, the preferences of investors were on the side of retail only in 2007 - then it accounted for more than 40% of funds.

Against the background of a relative cooling of the overall investment activity and a reduction in quality supply in Moscow, analysts state an increase in interest in the regions. According to CBRE, the total investment in the regional real estate market in the first half of this year was 2,4 times more than in the same period last year: 288 million versus $ 118 million, respectively. “At the same time, due to the underdevelopment of the office and industrial real estate markets outside Moscow and St. Petersburg, investor interest is primarily concentrated on shopping centers,” says Valentin Gavrilov, director of market research at CBRE.

In the remaining half of the year, analysts predict an increase in investment in Russian commercial real estate due to problems in the euro area. “Russia today seems to be a relatively less risky and profitable place for investment,” says Matiash Serzhak, director of the investment services department at Colliers International. For his part, the General Director of Retail Row Marat Manasyan adds that in Russia the risk levels are higher than in European countries, but the profitability is also higher. According to Jones Lang LaSalle, the minimum capitalization rates in Moscow in offices and retail are 9%. At the same time, capitalization rates in the retail segment in Paris are 5%, in London and Warsaw - 6%. Writes about this rbcdaily.ru.

In the first half of 2012, almost half of investments in the Russian commercial real estate market fell on retail space, overtaking investments in office construction for the first time in five years. AT…
5
1
Rating

Latest News

Wildberries increased turnover in the 1st half of 2021 by 70%

According to the results of the first half of 2021, the sales turnover of the online retailer Wildberries increased by 70% year-on-year, and amounted to 303 billion rubles. The growth in sales of goods in pieces amounted to 82%, - noted in a press release ...
02.08.2021 120

World Footwear 2021 Yearbook: 2020 has been a tough year for the global footwear industry

2020 was a tough year for the footwear industry, but better than predicted. In 2020, footwear production and exports fell 15,8% and 19%, respectively, according to the Portuguese World Footwear 2021 Yearbook ...
02.08.2021 103

Adidas x Lego has released a new collection of Ultraboost DNA sneakers for adults and kids

The design of the latest sneaker collection created by the adidas and Lego collaboration is firmly associated with the most famous children's designer. Like the previous adidas x Lego collections, the models in this line feature a heel counter with ...
01.08.2021 137

YouTube Shoes Report: what awaits us in August?

In this issue of Shoes Report News we tell: when and where the Euro Shoes exhibition will take place, which brands and from which countries will be exhibitors, eco-trends in the production of shoes, the rise in prices for shoes and clothes, you can now buy wholesale shoes online, wholesale ...
30.07.2021 913

A laboratory for testing labeled goods appeared in Russia

The Association of Retail Companies, the TrekMark company and the operator of the national labeling system, Honest Sign, have opened a laboratory for testing labeling codes on goods. The center appeared on behalf of the Ministry of Industry and Trade on the basis of ...
30.07.2021 273
When you sign up, you will receive weekly news and articles about the shoe business on your e-mail.

To the beginning