Foreign retailers EN masse are selling commercial property in the Russian Federation and leave the Russian market. Due to the total economic crisis and declining sales amid the impoverishment of the people fell, the yield of even larger shopping centers. Information about this appeared today on the website Finanz.ru.
According to the preliminary report, compiled by well-known consulting company in 2017 for the first time in the four-year period of time, commercial real estate in Russia was sold exclusively to foreigners. From January to November, they were posted outside of our state over a billion dollars.
According to Knight Frank, the final amount of prisoners to date, contracts for sales of foreign investors of commercial real estate is 1.54 billion dollars. As for the amount, which this year was invested in real estate, it is three times lower – a total of 502 million dollars. For comparison, in 2014, foreign investors invested 1.35 billion, the sale of assets amounted to 627 million In 2015 the same figures were 540 million dollars. and 126.5 million USD. accordingly, and in 2016 – 466 and 42.2 million dollars.
Leading specialist Knight Frank believes that such an unfortunate situation has developed because of the gradual implementation of the foreign investors previously announced plans to withdraw from the Federation. Leaving us the largest real estate market players, whose investment was just huge. It is, among others, Immofinanz (Austria), in the property which are Metropolitan shopping center with a total area 278,5 thousand square meters, EPI Russia I Ky, Finland’s is the owner of 120 thousand square meters of business centers and logistics parks in the Northern capital.
Another landmark for our country the transaction was the exit from the Russian Federation investment Fund Heitman, which currently builds office facility in the IFC “metropolis”. The size of the investment in this project is estimated in 130 million dollars.
Among foreign investors who are still holding on otechestvennom the market, listed Raven Russia has bought recently a part of the logistics Park “North” and Fosun Group, have Rybolovlev bought the business-center “Voentorg”.
As of today commercial real estate in Russia invested $ 4 billion., which is 7 percent less than in 2016.