Market News news

Moscow Property news

  • Colliers International appointed as exclusive leasing agent and management company for Riga Mall on Novorizhskoye Highway

    Moscow, November, 26 2015 – The developer and owner of the super-regional shopping and leisure centre Riga Mall has appointed Colliers International as the exclusive leasing agent and management company for the newly built retail project on Novorizhskoye Highway in Moscow. Under the contract, Colliers experts will provide the full range of brokerage, commercialisation, marketing, property and facility services for the shopping complex.

  • LeFORT office centre welcomes new tenant

    Moscow, November 24, 2015 – The O1 Properties investment company, one of the largest owners of Grade A office real estate in Moscow, and Praxair Russia have signed an agreement on a long-term lease of 1,144 sq m at the LeFORT business centre. The Praxair office is located on the fifth floor of Building 8. The move is planned for January, 2016. The transaction is brokered by Colliers International.

  • New office space in Moscow to reach 700,000-750,000 sq m at end-2015 – 50% less YoY

    Moscow, October 23, 2015 – The volume of office completions in Moscow will be 700,000-750,000 sq m by the end of 2015, which is 50% less than in 2014. It will be significantly lower in the coming years: according to our expectations, about 500,000 sq m will be delivered in 2016, which would be a ten-year low. The significant slowdown in construction can be attributed to a general decline in economic activity, as well as the high cost and scarcity of debt financing, according to a report by international consulting company Colliers International.

  • Moscow street retail vacancy rate to increase to 15% by the end of 2015

    Moscow, October 15, 2015 – The vacancy rate in Moscow street retail could rise to 14-15% from the current 12.5% by the end of 2015. This would be the highest rate in the last six years (15% in H1 2009). Vacancy continues to grow despite a decline in rouble lease rates. After achieving economic stability, vacancy rates will decline, but this will not happen before mid-2016, according to a report by international consulting company Colliers International.

  • Colliers experts tell how to attract new retailers and retain the current tenants at the shopping centre during the crisis

    Moscow, 9 October 2015 - International consulting company Colliers International will become a partner of the first session of discussion "Strategy for the Brokerage of Retail Real Estate in Various Formats: The Shopping Centre as a Synergy of Services for the Customer,” to be held on October 13 at the 7th Annual commercial premises exchange Arenda-2015 (formerly KomAr).

  • Asian capital still forms part and parcel of the European investment cycle despite Chinese Stock Market uncertainty

    Munich, October 08, 2015 - Despite mounting uncertainty in the global economy as a result of the Chinese stock market collapse, a tightening of monetary policy, improved occupier conditions and a lack of investment asset alternatives could stimulate an extension to the current EMEA property investment cycle into 2016 and beyond, according to Colliers International’s Q3 EMEA Capital Flows Report for 2015.

  • O’KEY’s largest regional distribution centre in NW Russia set to open at PNK-KAD logistics park

    Moscow, October 7, 2015 - The O’KEY hypermarket chain, one of the largest Russian retailers, and warehouse property developer PNK Group have signed a long-tern lease agreement at the Grade A+ logistics park PNK-KAD, located in the Leningrad Region. The total leasable area of the new distribution centre will be 24,000 sq m and the lease term is five years. The O’KEY chain chose the PNK-KAD logistics park as the most efficient solution within the framework of creating its logistics infrastructure. O’KEY will invest 168 million roubles in the project. Representing the developer, Colliers International acted as its exclusive agent and advised on the transaction.

  • $2.2 billion invested in Russian commercial real estate since the start of 2015

    Moscow, September 30, 2015 - Total investment in the Russian commercial real estate for Q1-Q3 2015 was $ 2.2 billion, which is 16% YoY less. The volume of transactions will not exceed $3 billion by the end of this year, which would be a ten-year low, according to a report by international consulting company Colliers International.

  • BILLA leases 20,000 sq m at Bykovo logistics park

    Moscow, September 29, 2015 – BILLA supermarket chain, Austrian company REWE International AG subsidiary, leased 20,000 sq m of warehouse space in Bykovo Class A logistics park in Ramenskoye district of Moscow Region. BILLA and AT - Real Estate developer signed a ten-year contract. Consultant on the transaction is international consulting company Colliers International.

  • Chinese direct investment in European real estate reaches €2.7 billion in 2015

    Moscow, September 17, 2015 – Chinese investment volumes amounted to €2.7 billion, which is 4% of total extra-regional investment, in European real estate (including the UK) in 2015. The amount of direct investment in 2014 was estimated at €3.3 billion (or 6%). A further slowdown in the economy and the stock market in China may lead to an increase in the flow of Chinese capital to European and American markets. A decrease in Chinese investment is likely; however, most likely, it will be balanced by an increase from other Far Eastern investors, according to a report by international consulting company Colliers International.

  • First Karusel-branded shopping centre to open in Moscow Region until end of 2015

    Moscow, September 10, 2015 – The first Karusel branded shopping centre, with an area of roughly 22,000 sq m, will open in Q4 2015 on Novaya Riga. It will house a Karusel hypermarket with a retail area of about 11,000 sq m, a restaurant with a terrace, more than 30 stores and parking for 500 car lots. The international consulting company Colliers International is the exclusive broker of the project.

  • Colliers International analyses office take up distribution by segments and demand from IT and telecoms in the Moscow office market

    Moscow, August 28, 2015 – In H1 2015, the number of office transactions in the information technology and telecommunications (IT&T) sector in the Moscow real estate market fell to its lowest level since 2011. IT&T companies leased 24,600 m2 of office space, which is down 28% YoY. Nevertheless, given rapid development of the market for innovative technologies in Russia and globally, as well as the steady computerisation of society, the IT&T sector has huge potential for development in the medium term, according to a report by international consulting firm Colliers International.

  • Colliers International appointed exclusive consultant for Respublika Plaza mall in Astana

    Moscow, August 18, 2015 - International consulting company Colliers International has been appointed as exclusive broker of Respublika Plaza, a new super-regional shopping and entertainment centre which will be located in Astana. The mall’s developer and investor is Merey Real Estate Management. One of the project’s distinctive features will be one of the largest fashion galleries in the city, with more than 200 stores, featuring the international and Russian brands, some of which will be new to Kazakhstan.

  • Colliers International Acquires Pointe Group Advisors

    Toronto, August 14 - Leading global commercial real estate services firm Colliers International Group Inc. (NASDAQ:CIGI) (TSX:CIG) today announced the acquisition of Pointe Group Advisors, a market leading commercial real estate services firm specializing in property management, project management and sales and lease brokerage. Founded in 2003 by Peter Gardner, who will continue to lead Colliers property management operations in South Florida, this acquisition brings an extensive portfolio of more than 7 million sq. ft. of office, industrial and retail space in South Florida and more than 70 professionals operating from two offices in the state. Details of the transaction were not disclosed.

  • Dublin Comeback Kid of European Office Markets

    Warsaw, August 13. Dublin saw the most significant rise in office rents in Europe in the first half of 2015, boasting rental growth of 25 per cent in the last six months; according to Colliers International’s Office Snapshot for H1 2015. Other cities that saw significant rises in rents were Belfast, Bratislava, Manchester and Lisbon.

  • Colliers International reports strong financial results for inaugural second quarter

    TORONTO, August 11, 2015. Colliers International Group Inc. reported operating and financial results for its second quarter ended June 30, 2015. All amounts are in US dollars.

  • Nikolay Kazanskiy Becomes Colliers International EMEA Board Member

    Moscow, August 05, 2015 – Colliers International Group Inc. (CIGI) has announced that Nikolay Kazanskiy, Managing Partner of Colliers International in Russia has become a member of its EMEA (Europe, Middle East and Africa) board of directors.

  • Vacancy in street retail segment up 60% from start of 2015

    Moscow, August 4, 2015 – In H1 2015, the average vacancy rate in Moscow’s central shopping streets reached a record high for the past few years – 11.8%. The highest vacancy rate was observed on the Garden Ring (13.8%) and the lowest on the main pedestrian streets (8.9%). Nevertheless, emerging growth of consumer demand and various concessions to tenants will lead to a gradual decline in vacancy rates by the end of the year, according to a report by international consulting company Colliers International.

  • H1 2015 Moscow office market results: Average sale price per m² of Grade A space fell by more than 30%

    Moscow, July 27, 2015 – In H1 2015, the average selling price of Grade A office space in Moscow was $5,000 per m², which is 30% less YoY. The number of transactions in the office segment is reduced due to a stagnant market: buyers are in no hurry to make purchases in conditions of instability and are delaying decision-making. In H2 2015, the share of purchase-sale transactions of Grade A office property should increase at least to the level of 2014 (from 10% to 15%), according to a report by international consulting company Colliers International.

  • X5 Retail Group and Freight Village RU to set up a distribution centre for the Pyaterochka chain at Freight Village Vorsino on the border of New Moscow and the Kaluga Region

    Moscow, July 23, 2015 - X5 Retail Group, one of the largest Russian food retailers, and the Freight Village RU group of companies have signed a preliminary agreement to set up a distribution centre for the Pyaterochka retail chain at the Freight Village Vorsino logistics complex at the border of New Moscow and the Kaluga Region. The international consulting company Colliers International supervised the transaction.

  • Office investment in Russia up 70% in H1 2015

    Moscow, July 20, 2015 - In the first half of 2015, investment in office real estate in Russia amounted to $579 million, which is up 70% YoY. Retail real estate in Russia, which has usually dominated demand, saw investment of only $208 million, which was a record low for the last few years. At the same time, deals that were suspended late last year due to the devaluation of the rouble are being rapidly closed, according to a report by international consulting company Colliers International.

  • Construction of new warehouses in the Moscow Region drops by 45% in H1 2015

    Moscow, July 15, 2015 - The Moscow Region saw 391,600 m2 of quality warehouse space commissioned in the first half of 2015, which is down 45% on the same period last year. Despite the increase in the number of leases and sales of warehouse facilities to 475,600 m2 (19%), the share of vacant space in the market tripled to 9.7%. This was due to the low occupancy of most facilities built in the first half of 2015, according to a report by international consulting company Colliers International.

  • Colliers International Expands Operations in Belgium

    TORONTO, July 13, 2015 (GLOBE NEWSWIRE) -- Colliers International Group Inc. (NASDAQ:CIGI) (TSX:CIG) announced today that it has acquired IDB Management ("IDB"), a leading asset and property management firm in Belgium. As part of the transaction, IDB will be rebranded as Colliers International and the principals will lead its asset and property management segment going forward. The terms of the transaction were not disclosed.

  • Vacancy rate of Moscow shopping centres in H1 2015 doubles year on year and continues to grow

    Moscow, July 10, 2015 – In the first half of 2015, the vacancy rate in professional traditional shopping centres in Moscow rose to 7%. In the past few years, the vacancy rate in the retail property market has not exceeded 2-3%.

  • Olesya Dzuba appointed as head of research at Colliers International Russia

    Moscow, July 6, 2015 - Colliers International Group Inc., a leader in the global real estate market, continues to strengthen its team in Russia and announces the appointment of Olesya Dzuba as head of research.

  • Ultimate victory of Colliers International

    Colliers International has won the main professional Consultant of the Year award at the CRE St. Petersburg and Federal Awards 2015, the most prestigious and reputable competition in the Russian commercial real estate market. Andrey Kosarev, Managing Director of Colliers International in St. Petersburg, was recognized as Personality of the Year.

  • Amel Djerroudi Appointed Executive Director of Project Management Department of Colliers International Russia

    Moscow, 22 June 2015 – Colliers International Group Inс., a leader on the global real estate market, continues to expand the scope of its corporate services in Russia and announces the appointment of Amel Djerroudi as Executive Director of the Project Management Department of Colliers International Russia.

  • Jay S. Hennick Appointed Chairman & Chief Executive Officer of Colliers International Group Inc.

    TORONTO and SEATTLE, June 18, 2015 - Colliers International Group Inc (Nasdaq:CIGI) (TSX:CIG) today announced the appointment of Jay S. Hennick as Chairman and Chief Executive Officer and Dylan Taylor as President and Chief Operating Officer. These appointments follow the resignation of current CEO Douglas Frye.

  • MERCEDES-BENZ PLAZA SOLD

    Moscow, June 05, 2015. – Colliers International Russia announces the completion of a landmark transaction: the investment sale of the prime office property Mercedes-Benz Plaza, located at Leningradskiy prospect 39A, Moscow, Russia. The property was successfully acquired by Region Group of Companies.

  • Colliers International Becomes an Independent Public Company

    TORONTO and SEATTLE, Moscow, June 15, 2015 -- Colliers International Group Inc. (Nasdaq:CIGI) (TSX:CIG) and FirstService Corporation (Nasdaq:FSV) and (TSX:FSV) announced the completion of their separation into two independent, publicly traded companies – Colliers International Group Inc. ("Colliers") and new FirstService Corporation ("FirstService"). Colliers's shares are expected to begin trading on The NASDAQ Stock Market ("NASDAQ") under symbol CIGI and the Toronto Stock Exchange ("TSX") under symbol CIG on June 2, 2015. The spin-off establishes Colliers' place as one of the leading publicly traded commercial real estate firms in the world.

  • One in five offices let to tech company throughout Europe in 2014

    LONDON, MOSCOW, 15 May, 2015 – The Technology, Media and Telecommunications (TMT) sector was the most active industry in Western Europe’s eight key office markets, with a 22% share of total office take-up in 2014 according to Colliers International research.

  • First quarter results in the industrial segment: volume of quality warehouse deals in Moscow region reaches 5-year high

    Moscow, 17 April 2015 – The transaction volume on the quality industrial market reached 294,000 m2 in the first quarter of 2015, which is a record level for the past 5 years. Compared to the same period in 2014, the volume of industrial premises leased or sold in the Moscow region increased by 40%, a report by the global consultancy Colliers International indicates.

  • Investment market results for the first quarter: the commercial real estate transaction volume for the Russian market declines 20% quarter-on-quarter to $520 million

    Moscow, 14 April 2015 – The Russian Central Bank’s cut in the key interest rate to 14% along with the relative stabilisation of oil prices and the national currency in the first quarter of 2015 improved the Russian investment climate and allowed investors to close several unique deals in the Moscow commercial real estate market under advantageous conditions. The total volume of transactions involving quality assets in Russia amounted to $520 million.

  • First quarter results for office market: increasing vacancy rates force owners of Class A offices to switch to roubles

    Moscow, 7 April 2015 – A key trend of the Moscow office market in the first quarter of 2015 was the transition of a large number of owners to rouble-based lease agreements. The share of Class A business centres offering such conditions has reached 30%. At the same time, in light of currency rate fluctuations many potential tenants have adopted a wait-and-see approach. However, the strengthening of the rouble since the start of the year could have a positive effect on the demand in the mid-term perspective.

  • First quarter results for retail segment: demand for retail premise from international brands hits three-year low

    Moscow, 3 April 2015 – Interest among international operators in retail premises declined sharply in the first quarter of 2015 – only three retailers opened their first stores in Russia. Notably, all of these stores were opened in regional markets. For comparison, in early 2014 more than 10 new retail operators entered the Russian market, the latest report by the global real estate consultancy Colliers International indicates.

  • Detsky Mir Group to open a new store in a historic location on Prospekt Mira

    Moscow, 2 April 2015 – Detsky Mir Group, the largest children’s goods retailer in Russia and Kazakhstan, has leased retail premises over two storeys totalling 1032 m2 on Prospekt Mira, where a new store by the chain will soon appear. The global real estate consultancy Colliers International represented the owner in the deal.

  • Arena shopping centre opened in Barnaul – the city’s first superregional retail and entertainment complex

    Moscow, 27 March 2015 – Arena, the first superregional retail and entertainment centre in Barnaul, opened in spring of 2015. The project was developed by Concern SV. The brokerage of the four-level complex (GBA – 150,000 sqm, GLA – 95,000 sqm) is approaching completion, with Colliers International acting as the exclusive leasing agent. At present approximately 50% of the retail premises have been leased.

  • OPUS Group becomes new anchor tenant of Technopark

    Moscow, 26 March 2015 – OPUS Group, one of the largest distributors of fit-out materials in Russia, has signed a long-term lease agreement for 6000 sqm at Technopark, a Class A warehouse complex in the city of Shchelkovo, a suburb of Moscow. The leading global real estate consultancy Colliers International brokered the deal.

  • MIPIM 2015: Colliers International discusses anti-crisis strategies at Russian Breakfast in Cannes

    Moscow, 20 March 2015 – Nikolai Kazanskiy, Managing Partner of Colliers International Russia, served as a moderator for the 22nd Russian Breakfast, which took place on March 11 as part of the international real estate investment exhibition MIPIM 2015. The event, which drew more than 200 experts of the 700 Russian participants of the forum, was held according to the established tradition at the Majestic Hotel in Cannes.

  • Dmitry Romanov Appointed Regional Director of Valuation Department of Colliers International Russia

    Moscow, 18 March 2015 – Colliers International, a global leader in commercial real estate services, continues to reinforce its positions in Russia and announces a key top management appointment – Dmitry Romanov has been promoted to Regional Director of the Valuation Department. Prior to this appointment Romanov led the Valuation Department of the Moscow office of Colliers International.

  • Colliers International Advances to Finals of CRE Moscow Awards 2015

    Moscow, 17 March 2015 – The international consultancy Colliers International has advanced to the final round of voting of Commercial Real Estate Moscow Awards 2015. Nikolay Kazanskiy, Managing Partner of Colliers International Russia, is one of the finalists in the short list for Personality of the Year. Moreover, 4 landmark transactions brokered by Colliers International have been nominated for Deal of the Year.

  • Detsky Mir Group and PNK Group sign largest ever built-to-suit deal on Russian warehouse market

    Moscow, 3 March 2015 – Detsky Mir Group, the largest children’s goods retailer in Russia and Kazakhstan, and PNK Group, a leading industrial property developer in Russia, have signed an agreement for a built-to-suit logistics terminal at the Class A+ industrial park PNK Bekasovo in the Naro-Fominsk district of the Moscow region. The total investment in the project is estimated at 4 billion roubles. The international consultancy Colliers International represented the developer in the deal.

  • Record €22 billion invested in EMEA Industrial and Logistic Property

    Moscow, 12 February 2015 – In 2014 EMEA Industrial and Logistic Property investment surpassed the record high 2007 levels to hit €22 billion, with the UK leading the region. Russia, however, facing a difficult geopolitical situation and economic sanctions, saw a decline in investment and drop in lease rates according to Colliers International EMEA Industrial & Logistics Snapshot 2015.

  • CEE commercial property reached €10,4 bn in deals in 2014

    Moscow, February 10, 2015 – Unwavering demand for office and retail assets in Central and Eastern Europe together with increasing investor appetite for the industrial and logistics sector has seen 2014 investment volumes soar above expectations, according to global real estate services company Colliers International.

  • Colliers International strengthens office team in Russia

    Moscow, 6 February 2015 – Colliers International, the leading global real estate consultancy, announces the establishment of its Office Sales & Acquisition Department in Russia. The director of the new department is Kermen Mastiev, who earlier held an analogous position at Cushman & Wakefield. The department’s team also includes three other new hires – Andrei Kukhar and Kirill Kutyavin as Associate Directors, and Alexei Levkovsky as a Sales & Acquisition Consultant. The new team will be responsible for expanding the firm’s spectrum of office sales advisory services and building relationships with end users, developers and owners of office premises.

  • Market experts nominate Nikolay Kazanskiy for Personality of the Year at CRE Moscow Awards 2015

    Moscow, 4 February 2015 – Nikolay Kazanskiy, Managing Partner of Colliers International Russia, has advanced to the second round of voting in the CRE Moscow Awards 2015. This year the nominees for Personality of Year were selected by a group of experts of the Moscow real estate market.

  • 2014 industrial market results: approximately 1.72 million sqm of quality warehouse space completed in Moscow region

    Moscow, 30 January 2015 – According to the international consultancy Colliers International, in 2014 the industrial market of the Moscow region added 1.72 million sqm of quality space, which is an absolute record for the entire history of the Moscow market. This large influx of new properties brings the total supply of warehouse premises serving the Moscow market to 10.93 million sqm.

  • Colliers International Appointed Exclusive Leasing Agent for Arena Shopping Centre in Barnaul

    Moscow, 28 January 2015 – The international consultancy Colliers International has added another property to its portfolio – the superregional Arena shopping centre in Barnaul. The project is being developed by Concern SV, the largest owner of the retail real estate in the Altai region. Colliers International will be responsible for the marketing and lease of the retail premises.

  • Colliers International top consultancy for Russian warehouse segment in 2014

    Moscow, 27 January 2015 – The international consultancy Colliers International executed the largest volume of warehouse transactions among brokerage firms in the Russian market. The company advised on the sale and lease of 386,501m2 of warehouse space, increasing its market share by 8 percentage points from 2013 to 26%. Knight Frank came in second (21% – 307,775 m2) while JLL was third (19% – 275,042 m2). They were followed by CBRE (15% – 219,273 m2), S.A.Ricci (10% – 148,735 m2) and Cushman & Wakefield (9% – 126,629 m2).

  • Russia office segment leads investment market with $1.4 billion in transactions in 2014

    Moscow, 26 January 2015 – The international consultancy Colliers International has analysed the main trends in the Russian commercial real estate investment market in 2014. In keeping with tradition, investor interest remained focused on the Russian capital – approximately 85% of the deals involved properties in the Moscow market. The overall transaction volume declined from 2013 and demand shifted toward high-quality portfolios of real estate assets.

  • Year-end review of the Moscow office market: vacancy rate for grade A business centres climbs to 26%

    Moscow, 19 January 2015 – According to Colliers International, in 2014 a record volume of new supply entering the market resulted in a sharp increase in the vacancy rate in Moscow’s prime office segment. At the end of 2014, approximately 26% of space in grade A business centres in Moscow stood vacant. In the grade B segment, due to lower completion volumes and moderate demand, the average vacancy rate increased only by 3.3 percentage points up to 10.9%.

  • Colliers International reviews the year's results in the Moscow retail property segment

    Moscow, 16 January 2015 – The international consultancy Colliers International, a leader in the global real estate market, has analysed the results of the Moscow retail real estate market in 2014. The main trends for the year include a record volume of new retail properties opening, renegotiation of commercial conditions at most shopping centres in the Russian capital and a growth in vacancy rates.

  • Moscow’s Top 5 Most Festive Shopping Centres during the Winter Holidays

    Moscow, 15 January 2015 – Ahead of the New Year and during the extended holiday break which follows shopping centres in Russia traditionally see higher consumer activity. This is why owners of retail centres prepare in advance for this wave of shoppers and strive to maximize customer traffic and increase its conversion. Ornate holiday trees are put up, mall interiors are elaborately decorated, special lighting is added to showcases, various installations and LED fountains are setup. The international consultancy Colliers International has compiled a rating of the most festive retail complexes in Moscow which used very creative approaches to create a special holiday atmosphere.

Contacts in Moscow:



Moscow
10 Presnenskaya Embankment BC Naberezhnaya Tower, Block C, 52nd floor Moscow 123112 Russia | Tel: +7 495 258 51 51