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This year’s Russian Real Estate Summit, taking place on 7th - 9th June 2010 at the Marriott Grand Hotel in Moscow, offers a unique and highly valuable source of information and expertise on how to succeed in the current economic climate
Sistema-Hals (HALS), a leading diversified company in the Russian and CIS real estate market, and Apsys Group, one of the leading European companies engaged in development and management of retail real estate assets, announce leasing of 3,100 sq. m in shopping center LETO (Saint Petersburg) to one of the largest anchor tenants - Inditex Group. Inditex will suit in LETO such significant brands as ZARA, Stradivarius, Pull&Bear and Bershka. The leasing period is 20 years
Retail real estate transaction volumes in Europe during Q4 2009 totalled €4.5bn from 100 deals, nearly 60% up on €2.9bn achieved from 66 deals in Q3 2009, according to Jones Lang LaSalle. However, full year total volumes in 2009 reached €12.3bn, a 32% decline compared to a €18.2bn total in 2008
Cushman & Wakefield experts believe that the basic recession down completed. It was important, stimulating a business activity at the market. Today, buyers and occupiers are much more active than a year ago
Jones Lang LaSalle expects 2010 to be a challenging year for investors to navigate, with recovery uneven across Europe, according to a new report released today. Investors will find it difficult to secure product, to identify value and to establish pricing levels. Many investors and banks will still be working through legacy issues and refinancing remains a major concern
In November a transaction of 3,500 sqm lease in SEC Megapolis was completed with the help of retail services department consultants of Cushman & Wakefield Stiles& Riabokobylko. The tenant is multiplex chain Raduga Kino
Cushman & Wakefield Stiles& Riabokobylko has announced preliminary results for 2009 and company’s outlook for 2010. Volume of investments into commercial real estate has reduced by 62.9% compared to 2008. Rental rates have decreased by 30%-45% depending on a sector. New construction was the only indicator with the positive trend during 2009. In 2010 we expect correction of the main indicators after significant downfall in 2009
Cushman & Wakefield is predicting that retail rental falls in most European markets should bottom out by mid-2010 although sustained rental growth is unlikely to be achieved until 2011. The company expects a relatively positive 12 months in the retail occupier and investment markets including increased retailer expansion and positive total returns by mid-year for core assets in most countries
H&M fashion store will be on two floors with a total surface of circa 1,700 sq. m
X5 Retail Group N.V., Russia's largest retailer in terms of sales, today announced the decision of the Company’s Supervisory Board to recommend to X5's General Meeting of Shareholders to extend Lev Khasis' term as the CEO, which expires in May 2010, for another four years
X5 Retail Group N.V., Russia's largest retailer in terms of sales, today announced that following the approval of its Supervisory Board, it has signed an agreement to acquire 100% of the business and assets of Paterson supermarket chain ("Paterson") from a holding company CorpInvest Inc
The retail real estate market in Russia is not booming though it is developing more sophistically
The first 165sq. m. Mustang store in Atrium on Zemlyanoy val will open on 10th November 2009. The transaction was completed in September 2009. The second deal for 131sq. m. in Metropolis retail centre on Leningradskoe shosse was signed in October with the store opening planned for December
X5 Retail Group N.V., Russia's largest retailer in terms of sales (LSE ticker: “FIVE”), today announced that it has received an unconditional consent from the Russian Federal Anti-Monopoly Service with regard to a potential transaction to acquire Paterson supermarket chain. This regulatory approval was an important prerequisite to proceeding with more advanced negotiations between the parties
Transaction volumes in retail investment in the UK and Continental Europe* over the first three quarters of 2009 totalled circa €8.1bn, just over half the level seen in the same period in 2008 (€15.6bn)
In the forth quarter of 2009 in MEGA Belaya Dacha (Moscow) and MEGA Dibenko (Saint-Petersburg) new shops will be opened, among them new for the Russian market brands and already familiar for the customer brands will be presented
The reason of the delay was the absence of the renunciation of the rights on immediate ransom of shares by American fund Moore Capital. Potential customers – the fund TPG Capital and “VTB Capital” – don’t exclude the variant that Moore Capital is trying to redeem the share in favor of “Alfa-Group”
The part of 49% of the company “4 Papas”, the francisee of American network of pizzerias Papa John’s in Russia, has passed in the possession of Finnish investment fund CapMan Russia Fund. With the help of the investor the company is planning to enter the regions and to widen its network considerably
The average rate of rentals in trade premises within Sadovoe koltso is 1298 dollars for one square metre per year, that indicator is lower than the indicators of August 2008 by 42%, but it is higher by 8% than the indicator of July 2009
The opening of the shop of worldwide famous Swedish retailer will be held in November, the 5th. The area of shop outlet in trade and entertainment center “Mega-Dibenko” will be 2300 square metres. The opening of the second shop in Saint-Petersburg in the trade complex “Stokmann Nevskiy center” is already planned on 2010