Dear readers! We present to your attention the third issue of the LOGISTICS journal for 2025. Our editorial staff, like all our colleagues, is preparing for the TransRussia 2025 exhibition, the largest event in the industry. In this issue, we have prepared an interview with Natalia Lomunova, Director of TransRussia, with whom we are talking about a flexible approach, new participants and digital services. We continue the series of articles from P.V.
Dear readers! We present to your attention the first issue of the LOGISTICS journal in 2025. 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.
Dear readers! We present to your attention the final issue of the LOGISTICS journal in 2024. We have tried to make it rich and interesting. Today, many Russian companies operate under strict sanctions restrictions, which force them to reorient logistics flows. One of the possible solutions to this problem may be the Russia – Mongolia – China economic corridor. Details can be found in the article by Alexandra Kazunina.
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JLL analysts expect the slowdown to be temporary, with stronger activity towards the end of 2018
MOSCOW, July 03, 2018 – Russia’s real estate investment volumes reached USD1.29bn in H1 2018, down 39% YoY from USD2.13bn in H1 2017, says JLL.
“Despite healthy macro fundamentals, Russia’s real estate investment market was beset by geopolitical factors in Q2. New US sanctions against Russia announced in April resulted in rouble devaluation by 7-10% and raised currency and market volatility. This, in turn, has delayed the closing of some investment deals and led to investment volume decline by 63% YoY in Q2 2018.” – comments Olesya Dzuba, Head of Research, JLL, Russia & CIS.
Russia real estate investment volume dynamics, USD bn*
* Investment deals, excluding land acquisitions, JVs, direct residential sales to end-users.
Source: JLL
In H1 2018, the residential sector (land plots for residential development) received the most investor attention, with 35% of the total volume. Offices followed with a 32% share, while delivering the two largest deals of Q2: the sales of the second building of Metropolis BC and Phase III of Romanov Dvor BC. The retail sector followed with 22%, where the deals with hypermarkets prevailed.
Moscow reclaimed the title of the most popular investment destination in H1 2018, with 56% of all deals. Although St. Petersburg’s share declined to 38%, it remained above the recent average of 9.4% in 2013-2017. The highest volume of Moscow deals was in the office sector (44% of the total), while half of St. Petersburg deals were closed in the residential sector.
Real estate investment volume dynamics by city, USD bn
Source: JLL
The share of foreign investments barely changed, at 28% in H1 2018 versus 29% a year earlier. In Q2 2018 the US funds Hines and PPF Real Estate jointly acquired the second building of Metropolis BC, consolidating the office part of the complex. Foreign investors show interest in Russian assets, and JLL analysts anticipate several more deals with foreign capital to close in 2018.
“With the announced pause of the CBR’s rate cuts, the cost of bank financing will likely not decline further in the short term, and may constrain potential investors. However, the economy continues to grow, the low inflation and the rouble stabilisation at RUB61-63 per dollar, as well as the positive effect of the World Cup hosting will contribute to recovery of investor activity. In addition, the scheduled meeting of presidents Putin and Trump may partially reverse the recent negative geopolitical influence, helping to improve the Russia investment climate.” – says Thomas Devonshire-Griffin, Managing Director, JLL, Russia & CIS.
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