$1.2 billion invested in Russian commercial real estate in first half of year – EuropaProperty
In the first half of 2014, investment activity in Russia declined significantly due slower economic growth and exchange rate fluctuations caused by the unstable political situation in Ukraine. The commercial real estate market in Russia saw investment deals totalling $1.2 billion, which was approximately 30 percent of the volume for the same period in 2013. The main market players have adopted a wait-and-see approach, but they are also continuing to express interest in quality properties with good location. During the first six months of the year the hotel segment accounted for the largest share of investment, with deals totalling $420 million, according to Colliers International.The second most appealing segment for investment during the period was retail real estate, where investment deals totalled $395 million. The office sector generated $325 million in investment transactions compared to $28 million in warehouses. Small investment deals were the most popular during the first half of the year, as transactions under $50 million accounted for…
SUBSCRIBE NOW – SEE BELOW
This content is for EuropaProperty.com Subscription members only.