News 2017 news

Moscow Property news

  • More than 20 Moscow malls 1.3 million m2 or larger under renovation in the last 5 years

    Moscow, December 7, 2017 – Colliers International has analysed the age structure of the market of professionally managed malls in Russia. According to the research, 25% of high-quality retail space in Russia is concentrated in Moscow, with more than 36% of the capital's retail property experiencing an obvious need for upgrades. Conservative estimates show that over the past five years, more than 20 malls in Moscow with a total area of 1.3 million m2 were or are undergoing renovation. Nevertheless, Moscow retail property is much newer than, for example, the St. Petersburg market, where malls more than ten years old account for 52% of the total supply (GLA).

  • Kazan and Novosibirsk currently lead in new office construction

    Colliers International has analysed the regional office property market in Russia. The total stock of quality office space at the end of 2017, formed by business centres in cities with populations of one million or more (hereinafter those except Moscow and St. Petersburg) amounted to 3,021,000 m2, of which 37% is Grade-A. Grade-A office space is distributed unevenly among cities with populations of one million or more. Three cities – Yekaterinburg, Novosibirsk and Rostov-on-Don – account for about 50% of Grade-A.

  • Online retailer Wildberries to open largest distribution centre in Moscow Region

    Moscow, October 26, 2017 – Major Russian online retailer Wildberries has signed a contract with property developer A Plus Development to build a distribution centre on Simferopolskoye Shosse in the Moscow Region. The 145,000 m2 distribution centre will be the largest such facility commissioned by a single company in Russia. Colliers International was the developer's consultant on the transaction.

  • Net investment in Russia increased by 40% in Q1-Q3 2017

    Moscow, October 10, 2017 – According to Q1-Q3 2017 results (January-September 2017), net investment, i.e. property purchases with the purpose of generating income, amounted to $1.74 billion, which is 40% more year over year ($1.23 billion). In general, total investment in Russian commercial property reached $2.05 billion in the period, which is 35% lower year over year.

  • M·A·C will open flagship store on Strastnoy Bulvar

    Moscow, October 11, 2017 – OOO Monex Trading, a Russian franchise company specialising in the development of retail stores, will open a 183 m2 M·A·C Pro flagship store in October 2017 on Strastnoy Bulvar. Colliers International was a consultant on the transaction.

  • Amount of completed office space in Moscow plummets to five-year low in 2017

    Moscow, October 9, 2017 – In January-September 2017, the amount of completed office space in Moscow was 100,100 m2, which was the lowest figure for the first three quarters of the year in the last five years. The previous minimum amount of completed space for this period was recorded in 2016 – 268,000 m2 for the first three quarters. The maximum amount of completed space for the same period was 1.044 million m2 in 2014.

  • Nikolay Kazanskiy elected president of the Russian Guild of Managers and Developers

    Moscow, September 18, 2017 – Nikolay Kazanskiy, managing partner and CEO of Colliers International Russia, officially assumed the post of president of the Russian Guild of Managers and Developers on September 14 at the guild's 15th annual congress. Nikolay summarised his activities for the year he served as president-elect and outlined new tasks for the next two years.

  • Perekrestok moves into Arena Plaza mall

    Moscow, September 4, 2017 – The Dynamo management company and the Perekrestok retail chain (part of X5 Retail Group) signed a bilateral long-term lease agreement in late August. A 2,500 m2 Perekrestok supermarket will become an anchor tenant in the Arena Plaza mall. Colliers International was the consultant on the transaction.

  • Utkonos buys more than 70,000 m2 of office and storage space at Logopark Sever

    Moscow, August 25, 2017 – The online hypermarket Utkonos has purchased an office and warehouse building with an area of more than 70,000 m2 at the grade A+ logistics park Logopark Sever. This built-to-suit transaction is one of the largest in the entire history of the industrial real estate market. International consulting companies Colliers International and Cushman & Wakefield acted as consultants in the transaction.

  • REGIONS Group is selecting tenants for Ostrov Mechty theme park

    Moscow, August 21, 2017 – The REGIONS Group, which owns the Iyun' and Sibirsky Gorodok malls, is selecting commercial real estate tenants for Ostrov Mechty (“Island of Dreams”), the world's largest indoor theme park and Russia's first urban resort. Colliers International is acting as consultant and brokerage partner.

  • First new business centre in 2017 commissioned

    Moscow, August 7, 2017 – The first new office facility within the boundaries of “old” Moscow since the beginning of 2017 is now operational. The Grade-A business centre Fili Grad is located in one of the most promising areas of the city – Bolshoi City. The new 27,000 m2 business centre is part of a multifunctional complex, which includes a shopping mall and residential area. MR Group is the project developer. Colliers International is co-exclusive consultant for the sale of the facility's office space.

  • Permission granted for construction of Pavlovsky Passage mall

    Moscow, July 31, 2017 – The Pavlovsky Passage mall, which will become the largest retail facility in Pavlovsky Posad, a town in the Moscow Region, has received a building permit. Glavzarubezhstroy is developing the project. The opening of the facility is planned for Q4 2018. Colliers International is the exclusive broker of the project, providing marketing consulting and support services to the mall as part of its preparations for opening.

  • Largest-ever completion of hotel rooms expected by end of 2017

    Moscow, July 28, 2017 – The number of new hotel rooms completed by the end of 2017 could be a record high and could surpass 2,500 rooms. Well-known international operators are rapidly developing new high-quality hotel complexes, preparing for a large influx of tourists, according to a report by Colliers International.

  • What are the prospects for multimodal logistics in Europe?

    London, July 12, 2017: Multimodal logistics moves freight by combining two or more transport modes. In this area, Europe still lags the more advanced US market but has made steady progress. In its latest industrial research for the EMEA region highlights a number of examples of established and emerging European multimodal platforms and discusses the drivers and prospects for multimodal logistics in Europe, concluding that there are reasons to be optimist for this mode of transportation going forward.

  • Number of market complexes in Moscow falls 90% over 20 years

    Moscow, June 27, 2017 – There are currently 22 food retail markets operating in Moscow, which is 90% fewer than in the early 1990s. Despite their reduced number, they are improving in quality and are being renovated to resemble European farmers' markets, fairs and fresh-markets.

  • Elena Rozanova joins Colliers International property management department

    Moscow, May 22, 2017 – Colliers International Group Inc., a leader in the global real estate market, continues to strengthen its retail real estate team in Russia and has announced the appointment of Elena Rozanova as business development director of the property management department. In her new position, Elena will be responsible for expanding the department's project portfolio and developing new marketing products.

  • Plyazh beach sport centre opens at Rio mall

    St. Petersburg, May 17, 2017 – The one-of-a-kind 3,000 m2 Plyazh beach sports centre has opened in Tashir Group's Rio mall in St. Petersburg, owned by the. The centre will operate year round.

  • Huawei opens multifunctional centre on Tverskaya Street

    Moscow, May 11, 2017 – Huawei has opened a specialised multifunctional centre on Tverskaya Street. This will be the company's first showroom, service centre and store in Moscow. The consultant on the transaction was Colliers International.

  • Raven Russia purchases three investment properties in St. Petersburg

    Moscow, April 27, 2017. Colliers International served as an exclusive advisor to Northern Horizon Capital on the landmark portfolio transaction for the Russian real estate market. Saint Petersburg portfolio of NHC comprised of 3 quality assets and include business center Primium with GBA 17,368 sq m, business center Kellerman with GBA 27,041 sq m and warehouse complex Gorigo with GBA of 87,310 sq m.

  • Colliers International Wins 3 Golden Bricks at CRE Moscow Awards 2017

    Moscow, April 27 the most prestigious award on the commercial real estate market, CRE Moscow Awards 2017 was held. For more than 10 years the prize of the Awards - “Golden Brick” has been a symbol of recognition of professional achievements and success among industry leaders – investors, developers and consultants of the Russian real estate market.

  • OZON.RU leases warehouse in Krasnodar

    Moscow, April 17, 2017 – Major online consumer goods retailer OZON.ru has leased more than 5,000 m2 of quality warehouse space in the A2 Krasnodar logistics park, developed by A2 Group. The term of contract is five years. Colliers International was the consultant on the transaction.

  • Street retail vacancy on pedestrian streets down 50% in Q1 2017

    Moscow, April 12, 2017 – In Q1 2017, the highest demand in the street retail sector was for property on pedestrian streets, resulting in an almost twofold drop in the average vacancy rate in such trade corridors – from 7% to 4%. The decreasing vacancy is due to general improvement in the economy. Vacancy on pedestrian streets will continue to decline in the medium term, which will lead to an increase in lease rates by an average of 5%, according to a report by Colliers International.

  • Moscow sees 21,143 m2 of office space commissioned in Q1 2017

    Moscow, April 10, 2017 – Only 21,143 m2 of office space was commissioned in Q1 2017 in Moscow – almost 67% less than in Q4 2016. Despite a large number of Grade A business centres being at high degree of readiness, the terms for obtaining permits have been postponed to later periods – a significant part of the premises announced for commissioning in this period was moved to mid-2017. In Q1 2017, several buildings of the Bolshevik project with a total area of about 14,143 m2 underwent high-quality renovation, and a 7,000 m2 business centre was commissioned in the Novomoskovsk district, according to report by Colliers International.

  • Moscow area sees 109,000 m2 of warehouse space commissioned in Q1 2017

    Moscow, April 7, 2017 – Q1 2017 results show that 109,000 m2 of quality warehouse space was commissioned in Moscow and its vicinity, which is 23% more year over year. More than 90% of the facilities are located in the north of the Moscow area. According to preliminary forecasts, new construction in the Moscow area in 2017 will not exceed 550,000-600,000 m2. This low figure is due to the fact that developers are primarily trying to utilise existing space, according to a report by international consulting company Colliers Internation

  • More than 50% of retail construction frozen in Moscow and vicinity

    Moscow, April 3, 2017 – Some 1.1 million m2 of retail construction is frozen in Moscow and the Moscow Region. This is more than 50% of current commercial construction in the region. There are currently 62 shopping centres with a total area of 2.2 million m2 at different stages of construction in Moscow and the Moscow Region. Colliers International analysts have determined that Mytischi, Khimki, Pushkino, Podolsk and Odintsovo are in the lead in terms of the number of frozen projects in the Moscow Region.

  • Eleonora Bogdanova appointed Regional Director of Warehouse, Industrial and Land

    Moscow, February 28, 2017 – Colliers International, a leading global consulting company in the commercial real estate sector, continues to strengthen the team at its Russian office and has appointed Eleonora Bogdanova regional director of the Warehouse, Industrial and Land department.

  • Beethoven pet store chain leases warehouse space in Krekshino logistics park

    Moscow, February 14, 2017 – Beethoven, Russia's largest chain of pet stores, has leased space with an area of about 8,700 m2 in the Krekshino warehouse complex, developed by Malltech. Colliers International was the exclusive consultant on the transaction.

  • Total area of office transactions in Moscow amounts to 850,000 m2 in 2016

    Moscow, February 2, 2017 – In 2016, the total area of transactions in the Moscow office market amounted to 850,000 m2 – down 12% year over year. In addition, two major mortgage assets – the Eurasia tower and the President Plaza business centre passed into the ownership of banks – Sberbank and VTB. In 2017, demand may increase by 10%-15%, and the total area of transactions will exceed 910,000 m2, according to a report by Colliers International.

  • Amount of commissioned office space in Moscow falls to 15-year low in 2016

    Moscow, February 1, 2017 – In 2016, 312,600 m2 of quality office space was commissioned in Moscow, which is a 15 year low. In 2015, the amount of commissioned space was more than 50% higher – 715,000 m2. Construction activity fell sharply after a market downturn in 2014-2015, when developers stopped searching for development land and froze projects. New quality space in the sector will take at least three years to appear, according to a report by Colliers International.

  • Russia gains 33 international brands in 2016

    Moscow, January 20, 2017 – In 2016, the Russian market gained 33 international brands (down from 50 in 2015), 29 of which opened their first mono-brand stores in Moscow. At least another ten international retailers announced plans to enter the Russian market in 2016, but had no openings.

  • Colliers International expands in Denmark

    TORONTO, CANADA; January 12, 2017 – Leading global commercial real estate services firm Colliers International Group Inc. (NASDAQ and TSX: CIGI) announced today that it has acquired a controlling interest in Colliers International Denmark (“Colliers Denmark”). Senior management of Colliers Denmark will retain the balance of the equity under Colliers International’s unique enterprise partnership model. The acquisition of Colliers Denmark further strengthens Colliers International’s operations in Europe and provides a strong platform for future growth in the important Nordic region. The terms of the transactions were not disclosed.

  • Colliers International is appointed as exclusive advisor to Stockmann Group for possible disposal of the Nevsky Center landmark property in Saint Petersburg

    Moscow, Russia – 1st November 2016 – Colliers International has been instructed by Stockmann Group as exclusive advisor to investigate a possible disposal of the freehold interest in Nevsky Center located in the heart of Saint Petersburg.

  • Number of shopping malls falls to record low in 2016

    Moscow, January 11, 2017 – In late 2016, 424,000 m2 of retail space was commissioned in Moscow and surrounding towns (not accounting for shopping malls that did not have an operational retail gallery at the time), which is 30% lower year over year and less than 50% of 2014 figures. The amount of commissioned retail space in 2016 was the lowest since the beginning of the current economic crisis. Meanwhile, according to preliminary data, the amount of commissioned space in 2017 may fall to its lowest level in the entire history of the market – 260,000 m2, and half of this amount will be in the Vegas Kuntsevo mall.

  • Mattel rep office in Russia moves to Delta Plaza business centre

    Moscow, January 10, 2017 – Mattel's Russian representative office has moved to the Delta Plaza Grade-A business centre on Syromyatnicheskaya Street. The company has leased 800 m2 on the ninth floor. Colliers International was the consultant on the transaction.

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