Dear readers! The first half of the year is approaching, which means that on the pages of the fifth issue of the magazine you will find a lot of useful analytical materials on the markets of warehouse real estate, cargo transportation, etc. Our authors Yu.V. Klimenko, M.G. Grigoryan, R.N.
Dear readers! We present to your attention the fourth issue of the LOGISTICS journal. By tradition, in the April issue we summarize the results of TransRussia | SkladTech 2025. This year, the exhibition attracted a record number of exhibitors and over 30,000 visitors. Under the heading "non-economic activity", we are posting an interesting article by A.V. Efimov on the prospects for the development of non-primary non-energy exports from Russia to Vietnam.
Dear readers! We present to your attention the third issue of the LOGISTICS journal. First of all, we would like to draw readers' attention to our new partner R1 Development, a development company that creates a new generation environment and specializes in the construction of industrial, logistics, commercial and residential real estate. One of the projects of R1 Development is the Druzhba industrial park network.
Moscow, 06 April, 2016 – In Q1 2016, Russia’s real estate investment volume reached USD982mn, nearly doubling the volume in the same period in 2015 (USD499mn), according to JLL calculations.
Taking into account current active negotiations and due diligence activities, we project the annual investment volume to approach USD4bn (a 74% rise from 2015). However, high volatility of oil prices, which remain the key factor for the Russian economy, creates downside risks to our forecast.
Vladimir Pantyushin, Head of Research JLL, Russia & CIS, commented: “Russian assets became more attractive due to the ruble devaluation. Investors still face hurdles from the high exchange rate volatility and uncertainties in different market segments. In this context, an increase in investment volumes in Q1 2016 serves as a sign that the market has likely bottomed out.”
Investors continued to focus on assets in Moscow, which accounted for 93% of all investments in Q1 2016 compared to 98% a year ago. Investments in St. Petersburg real estate market reached USD61m in Q1 2016, raising its share to 6% versus no deals in Q1 2015.
Saydam Salaheddin, Regional Director, Head of Capital Markets, JLL, Russia & CIS, noted: “The share of foreign investments came to 12%. I would like to highlight the sale of logistic centres PNK-Chekhov-3 and PNK-Severnoye Sheremetyevo to a consortium including the RDIF and Mubadala, a UAE sovereign wealth fund, which closed its first deal on the Russian real estate market. This illustrates the attractiveness of Russian assets to foreign investors”.
Market yields remain unchanged from the previous quarter. In Q1 2016, JLL estimates prime yields in Moscow at 10.5% and 10.75% for offices and shopping centres respectively, and 12.0% for warehouses.