We understand that people are the foundation upon which our success is built. Our people are free to expand their skills and knowledge to drive their careers and reach their full potential.
Be part of our team
Whether you're a recent graduate or an experienced property professional, we can provide limitless opportunities for your career development. People are the foundation upon which our success is built. Our people are free to expand their skills and knowledge to drive their careers and reach their full potential.
We are always looking for new faces to join our diverse, high-calibre teams. We want people at all levels of knowledge and experience, who think creatively and collaborate successfully both internally and with clients.
Decentralised offices (existing and under construction) are located in the western part of Moscow, in the north-west, west and south-west of the capital. New projects will also be located in these districts
Typical tenants are pharmaceutical, IT and telecommunications and FMCG companies
Delivery in 2014–2015 is likely to beat the record of 2007–2008 by 30%. Total delivery in 2014–2015 will reach 400,000 sq m of which 40% will be put into operation in 2014
Obviously a large amount of new delivery in one period of time will inevitably lead to a high level of competition on the supply side
We believe that the major tenants of business parks will remain traditional industries valuing characteristics such as high-quality construction, effective floor plates, optimisation and reduction of rental costs
In Q4 2014, especially in December, we witnessed an overwhelming volatility of the Rouble exchange rate.
Such a high volatility brought to the agenda a lot of problems. One of them is that in the USD-nominated world of leasing agreements, respective Rouble expenses for tenants became too unpredictable and difficult to integrate in business planning.
Increased financial markets volatility quickly became an important shock generator for the transaction activity. Low predictability of leasing expenses makes it difficult to sign any agreements, especially these long-term. The aim of this document is to analyse possible future evolution of exchange rate and to develop recommendations for occupiers and investors in terms of leasing policy and agreements.
CEE CRE investment market (excl Russia) up by 11% Y-o-Y, based on preliminary data.
Continued strong interest in commercial real estate driven by low interest rates and increased allocation towards the asset class.
Based on the deal pipeline a strong Q4 2014 is expected. No signs of a slowdown of this activity are visible in the marketplace and therefore a continuation of increasing volumes is anticipated into 2015.
Poland’s real estate market continues to attract strong investment. Limited availability of product in prime segment makes capital considering CZ, RO, HU as alternatives.
Investment in the Czech Republic, Hungary and Romania increases further.
Russia’s CRE investment drops around 45% Y-o-Y. Cross-border activity during Q3 was concentrated on prime properties with low vacancy
A total of 496,000 sq m was delivered in Q3. This is a record-breaking amount of new supply, comparable to that of 2008
More than half of the new delivery was Class A: Vodny, Lotos, Comcity, Romanov Dvor III, Dominion Tower
In comparison with Q2, take-up increased by 175% to 231,000 sq m
80% of total take-up was Class B, and 20% Class A
Russian companies are the major takers of space, representing 84% of total take-up
Office units of less than 1,000 sq m are in highest demand, representing 74% of the total number of deals
Following the trend seen in Q2, most of the take-up is concentrated in the central part of the city, inside the Third Transport Ring (56%)
The vacancy rate increased from 14.5% to 15.1%
The Class B vacancy rate increased from 12% to 12.3%, and the Class A rate from 24% to 24.5%
Rental rates are still feeling the influence of geopolitical issues, which provide a negative background, as well as the pressure of a large volume of new delivery, which may lead to an increase in vacancy even in a stable market
In Q3 2014 four new shopping malls were delivered: two of these were part of mixed used complexes (Vodny and MC), and there were two neighbourhood format malls – Bravo and Alfavit.
In total, 75,500 sq m was delivered in Q3 bringing the total since the beginning of the year to 365,500 sq m which is a record high amount.
The total stock of modern retail space in Moscow therefore reached 4,456,000 sq m or 367 sq m per 1,000 inhabitants.
The vacancy rate in Moscow shopping malls reached 3.8%.
During Q3 2014, 11 new international brands opened their first stores in Moscow, which is the highest number this year. All in all, 29 new international chains entered the Moscow market in the first nine months of the year.
Shopping Index, which measures average footfall in Moscow shopping malls, began to show a negative trend. This has particularly affected large-scale shopping centres.
The average vacancy rate in street retail amounts to 7%.
The redevelopment of Pyatnitskaya Street and Pokrovka Street is complete. This has resulted in a 20% increase in rental rates.