This year, a record eight billion dollars will be invested in commercial Russian real estate. Such statements are made by the head of the research department of Cushman & Wakefield, Denis Sokolov. About $ 6.5 billion has already been invested. “Transactions in the amount of $ 2-3 are also considered, but they have not yet been closed,” the expert adds.
According to Praedium Oncor International, the amount of investment in commercial real estate in Russia for the first three quarters of 2011 amounted to $ 4.9 billion, which is already 17.3 percent more than the total amount of investment for the entire last year, when 4.17 billion was invested in 4.17 billion dollars.
The third quarter of 2011 for the Russian investment market in commercial real estate was almost three times more effective than the same period of 2010 – $ 852 million against 293, respectively, experts Praedium noted.
From Cushman predicted by Cushman & Wakefield $ 8 billion of about 40 percent, that is, $ 3.2 billion will be invested in offices, mainly metropolitan business centers – 90 percent or $ 2.9 billion. “Investors acquire the best commercial facilities with high -quality tenants (large international companies) and long -term contracts,” Denis Sokolov comments. According to him, the ratio of foreign and Russian investors finally began to align. Foreign buyers are usually investment funds. At the same time, about 30 percent of foreign money in reality is the “repatriated” capital of Russians.
“In particular, in the third quarter of the year, all investment transactions in the offices segment were concluded with the participation of foreign capital,” said Praedium Oncor International experts. At the same time, they recall the UFG Real Estate transactions for the acquisition of the Concord business center (including the Metromarkent shopping center), the Pushkin House business center, as well as on the purchase of one of the three buildings a class in the multifunctional center “Metropolis”. The rented area of this building is 22.2 thousand square meters.
Interest in Russian real estate by foreign investors is explained quite simply. “Russia has previously been and is now in the world capital market as a country with high profitability, but also quite significant risks. In Europe, the level of profitability is lower, but there are no such large risks. During the period of the crisis in Russia, nothing has changed. But in Europe the risks have increased slightly, ”Sokolov explains such trends.
