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.
JLL presents Q1 2017 investment market results
In Q1 2017, Russia’s real estate investments reached USD830m, down 18% YoY, according to JLL calculations. Despite the decline, investment activity is improving, with a higher number of deals and a more even breakdown across sectors and regions.
Vladimir Pantyushin, Head of Research, JLL, Russia & CIS, comments: “Stable exchange rate together with the economy climbing out of recession supported the rise of investments. Rental market stabilization across all segments became the key factor stimulating investor interest in real estate assets. Moreover, the volume of deals at the negotiations stage and under due diligence shows a sizeable pipeline of future transactions and further improvement of the investment market.”
JLL analysts expect investments to grow in the near future. According to their forecast for 2017, investment volume will reach USD4.5bn vs USD4.2bn in 2016.
In Q1 2017, the retail sector attracted the bulk of investments, with the purchase of the Leto SEC in St. Petersburg by MallTech as the main transaction. The share of retail investments exceeded 50% of the total volume, outperforming offices, a traditional leader.
“Retail market stabilization led to rising shopping centre occupancy and improved their financial performance. Market players adjusted to the current conditions. This stimulates owners and investors to come to common terms on asset values, with a number of deals reaching advanced stages and likely to be completed in the near terms. Although Russian investors continued to dominate in Q1 2017, we expect foreign investor activity to rebound after hitting the historical low of 3.5% last year.” – Evgeniy Semenov, Regional Director, Head of Capital Markets, JLL, Russia & CIS, notes.
Source: JLL
The distribution of investment activity across regions became more even. The share of Moscow deals declined to 50% from 81% in Q1 2016. The highest investment growth was observed in St. Petersburg, which share increasing from 9% to 20% due to the several large transactions. In absolute terms, the St. Petersburg investment volume doubled.
Prime yields remain unchanged from the previous quarter. As benchmarks for the market players, JLL analysts take Moscow prime yields between 9.0-10.5% for offices and shopping centres and 11.0-12.5% for warehouses; St. Petersburg prime yields at 9.5-11.5% for offices and shopping centres and 11.5-13.5% for warehouses.