
Dear readers! In September the CeMAT RUSSIA exhibition was held, which showed everyone that innovations and robotics are increasingly penetrating the logistics industry. We can safely say that many technologies are tested here, and only then they go out into the world. However, it is not only CeMAT RUSSIA that demonstrates the prevalence of the digital agenda.
Dear readers! This is the ninth issue of the journal, which turned out to be very rich and diverse. Traditionally, the issue is opened by an analyst. The material by Alina Nasyrova from the Market Guide Agency, dedicated to investments in warehouse complexes in Russia, recalls the importance of developing logistics infrastructure for the integrated development of regions.
Dear readers! We present to your attention the eighth issue of the magazine and its materials.
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.