The retail real estate market in Russia breaks records in terms of investment
21.11.2011 2673

The retail real estate market in Russia breaks records in terms of investment

The level of free space in high-quality shopping centers in Moscow is at an extremely low level (less than 1%). The potential for the construction of large shopping centers in Moscow is extremely low, which means that the competition between retailers for premises in existing shopping centers will increase.

Retailers from all market segments already operating in Russia announce their regional expansion and development plans in the Russian regions.

Analysis of the structure of retail trade turnover shows that, as before, retail trade in non-food products is growing much faster than retail trade in food. In the third quarter of the year, the retail trade turnover in Russia grew by 6%, while the growth of the non-food segment was 9,6%, and the retail trade turnover for food products grew by only 1%.

Despite the fact that in Moscow the interests of the authorities and developers have now shifted towards the construction of small (<5 sq. M. GLA) shopping centers, outside Moscow the construction and commissioning of large shopping centers continues. During the three quarters of 000, 2011 high-quality shopping centers with a total sales area of ​​14 sq m were built in Russia. GLA (542 in Moscow and 000 in other Russian cities), of which seven were commissioned in the 3rd quarter of 11. A total of 3 million sq. M. GLA are under construction in high-quality shopping centers, which, according to the developers' plans, can be commissioned in 2011.

For the first time since 2007, retail property came out on top in terms of investment. This segment currently accounts for 43% of investments, which is about 2,8 billion US dollars. High-quality retail facilities are still in short supply and, being put up for sale, attract a large number of investors who, in some cases, are willing to pay a significant premium to the market price of the property. In the first three quarters of 2011, the volume of investments in commercial real estate in Russia amounted to 6,5 billion US dollars, which is 60% more than in the same period of 2010 year and 12% more than the results of 2008 year (5,8 billion dollars), which until now was the most successful in the commercial real estate investment market.

“The retail real estate segment continues to be the most stable and predictable in relation to other segments of the retail real estate (office, warehouse, land market) due to consumer activity,” comments Lada Belaychuk, Deputy Head of Research at Cushman & Wakefield.

The level of vacant premises in high-quality shopping centers in Moscow is at an extremely low level (less than ...
5
1
Rating

Latest News

The French are summing up the results of the annual “Discount for repairs” campaign

On November 7, 2023, France launched the “Repair Discount” program to stimulate shoe and clothing repairs. According to the environmental organization Refashion, a year later, about 826 professional repairers have taken advantage of the proposed system. The popularity…
06.12.2024 238

Clarks and Pokémon Continue Collaboration with New Collection

The 4 shoe models in the Clarks x Pokémon collection correspond to 4 characters from the superhero adventure film Endgame, based on the Marvel Studios characters - Venusaur, Charizard, Blastoise and…
06.12.2024 267

Lacoste has released a collaboration with Maison Château Rouge

At the end of the year, French fashion brand Lacoste released a collaboration with Maison Château Rouge, a Parisian brand founded by the “ultra-creative African diaspora,” writes…
05.12.2024 1450

Insole maker OrthoLite expands presence in India

OrthoLite has expanded its manufacturing facility in India, in Ambur, and opened a new sales office in Chennai. OrthoLite India was opened in 2021, and the Ambur facility has now increased its production capacity to two million insoles per…
05.12.2024 1320

The general meeting of the National Shoe Union (NOBS) took place yesterday

The meeting was attended by members of the NOBS - representatives of companies participating in the Russian footwear market, the Ministry of Industry and Trade of Russia, the Association of Retail Companies (AKORT), the operator of the marking system, the Center for the Development of Promising…
04.12.2024 1572
When you sign up, you will receive weekly news and articles about the shoe business on your e-mail.

To the beginning