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Majority of respondents purchase clothes and footwear, accessories, jewelry, household goods etc. in regional and super regional shopping and entertainment malls with a gross leasable area (GLA) of more than 40,000 sq m.
Key factors of which shopping mall to visit include the price of the goods, and the cleanliness and location of the mall. The percentage of respondents who mentioned these three factors was 73%, 69% and 62% respectively. In this regard Europeans have the same criteria when choosing a shopping centre for the purchase of non-food
Navigation inside a shopping mall often becomes a critical factor for many visitors as it is sometimes unclear and inconvenient. Typical problems usually include a lack of signs and difficulties in understanding them
•Q2 witnessed positive news from the fundamental macroeconomic factors: both the Rouble and GDP demonstrated an ability to show strong performance in a situation when geopolitical tensions are less severe
•However, the latter remain quite negative for the Russian economy. It is highly probable that they will continue influencing economic trends, at least in Q3
•With this in mind, CRE market participants are expected to continue following conservative business strategies
•The removal of the threat of sanctions on sectors of the Russian economy is the key trigger for more aggressive business actions
•Until then, demand on the CRE market is expected to be constrained. Nonetheless, developers will continue to finish ongoing projects. They are now attempting to have lower financial leverage, if possible
Two shopping malls (Vesna and Vegas Crocus City) and 3rd stage of Trading Park Otrada with DIY hypermarket OBI inside were delivered to the market in Q2 2014.
Total leasable area of delivered shopping malls amounts to 179,000 sqm. It significantly contributed in the new supply of H1 2014 (280,000 sqm). The latter is equivalent to 45% of the expected yearly new delivery.
Thus, supply of the modern retail space in Moscow reached 4,380 thous. sqm, or 362 sqm / 1,000 inhabitants.
In Q2 developers announced 2 new retail schemes – shopping mall June at NIIDAR
Vacancy rate in the modern Moscow shopping malls increased to 2,9 %.
8 new international brands entered Moscow market in Q2: Armani Jeans, Deichmann, Harmont & Blaine, Moncler, Norma J. Baker, Prenatal Milano, Tartine et Chocolat, Tony Moly. Totally 16 new brands entered Moscow market in the first half of the year.
In Q2 4 more international brands announced plans to open their first stores in Moscow. Around 17 new chain retailers may have come to Moscow market by the end of the year.
Delivery of new offices was as expected. Extremely large amount of newly delivered offices, 323,700 sq m
Three Class A office buildings totalling 158,900 sq m – President Plaza, Arcus III, Aurora BP Building F
Lowest quarterly take-up for the last thirteen years, at 84,400 sq m. With such a low amount of new transactions, lease renewal deals accounted for 30% of the total
Q2 take-up 60% less than Q1
64% of closed deals were in Class B buildings, with 36% in Class A
The majority of deals were signed by Russian companies, 75% of the total
Units of up to 1,000 sq m were in highest demand, accounting for 82% of the total number of deals
The area inside the Third Transport Ring (TTR) accounted for the highest level of take-up (73% of the total); however, the area beyond the TTR still accounted for the highest level of new supply (74% of the total)
Vacancy has reached 14.5%. As it approaches 16-17%, it may force lease rates down below current levels
Vacancy increased in both Class A (from 20.6% in Q1 2014 to 24% in Q2) and Class B properties (from 10.8% to 12%)
Positive GDP growth forecasts, high oil prices and stabilisation of the Russian Rouble have allowed lease rates to remain stable
2000-ые годы - редевелопмент зданий бывших мануфактур
В течение 2004-2006 годов в городе было реконструировано значительное количество бывших фабрик / мануфактур: все площади реконструировались под офисные помещения с сопутствующей инфраструктурой
На сегодняшний день общая офисная площадь функционирующих реконструированных объектов составляет 390 000 кв. м
Ставки аренды на офисные помещения варьируются от $450 до $800 за кв. м без учета эксплуатационных расходов и НДС. На офисные объекты, расположенные в центральной части города, заявлены максимальные ставки аренды
Офисные помещения в реконструированных зданиях в большинстве случаев нашли своих арендаторов после окончания редевелопмента. Во многом это связано с «массовым» восприятием такого рода объектов: только когда реконструкция завершена, можно в полной мере почувствовать атмосферу и дух комплекса
Основными арендаторами бывших фабрик являются компании из таких отраслей, как рекламные агентства, IT, телекоммуникации, компании из данных отраслей составляют практически 50% арендаторов
2013 – 2014 are likely to be the last years when the city centre will see such large volumes of new supply, due to the legislative changes
New projects in the CBD are likely to focus on redevelopment of existing buildings
In 2013 we registered the lowest volume of deals closed in the Prime CBD since 2010 (in 2013 take-up was around 39,000 sq m compared to 99,000 sq m in 2012). It follows general trend of decreased demand for CBD office space: 118,000 sq m in 2013 compared to 300,000 sq m in 2012
Negative political perception of Russia, as well as forecasts for deterioration of economic performance in 2014 influenced mainly the premium office segment. Owners of Class A buildings in central locations with high vacancy rates are ready to offer individual commercial terms to reliable tenants