Dear readers! We present to your attention the sixth issue of Logistics for 2024. On its pages, we summarize the results of the international exhibition of logistics, transport, warehouse equipment and Logistika Expo, which became the main premiere of this year. Our editorial staff took part in the event, as a result of which they made useful acquaintances and found new readers. In the latest issue, we continue the topic of automation and robotization in the industry.
Dear friends! We present to your attention the fifth issue of Logistics for 2024. Like you, our dear readers, we see an increasing trend of digitalization and automation of the logistics industry, and more and more authors are paying attention to it.
Dear readers! We present to your attention the fourth issue of Logistics for 2024. On its pages, we summarize the results of the TransRussia | SkladTech 2024 exhibition, held from March 19 to 21 at Crocus Expo. The organizers and guests of the event claim that the exhibition is breaking new attendance records from year to year and improving its business program.
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.