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The ECR Community Forum 2010, organized by ECR Finland, ECR France, ECR Poland and ECR Russia took place in Moscow on June 2-4, in Conference Hall, The Cathedral of Christ the Saviour
The highest prime shopping centre rents during Q1 2010 in Europe were achieved in the United Kingdom at ?1,900 per sq m per annum, followed by France (?1,700). The third most expensive rents were recorded in Russia (?1,500) followed by the rest of Western Europe. Due to the limited availability of prime retail space in many shopping centres across Europe, the outlook for prime rents in most European markets is stable despite the inevitable slowing of demand from occupiers over the last 18 months
M.video retail sales increased by 3.2% to 83 billion Russian rubles (RUB) with VAT in FY 2009. The Group’s total sales (including revenue from wholesale operations) also increased by 1.4% to 85.6 billion RUB (with VAT). Growth in revenues was driven by M.video’s expansion and was achieved despite a significant market decline due to the impact of the recession
Direct retail real estate investment in Europe in the first quarter 2010 accounted for ?5.4 billion**, more than double the volume of Q1 2009. As Jones Lang LaSalle anticipated in its report – ‘The Big 5’ – core European markets continue to be the main focus for investors, with volumes in these markets (UK, France, Germany, Italy and Spain) accounting for over 80% of total retail transactions across Europe
The Forum takes place June 2-4 2010, in Conference Hall, The Cathedral of Christ the Saviour (Volkhonka 15)
The Russian real estate market has been deeply affected by the recession. An 8 percent contraction in the economy during 2009 severely affected corporate occupier demand and also dented confidence among investors who were used to double-digit returns. Developers and owners became increasingly flexible, initiating a very sharp contraction in real estate prices to reflect the new market reality; prime office values fell by over 70 percent in Moscow between mid 2008 and mid 2009, among the highest corrections in the world. Despite the improvements, the markets remain vulnerable, and any faltering in economic growth could derail the recovery
This was announced last Friday, the 26th of March, at the business breakfast which was organized by Sistema-Hals, Apsys Group and Jones Lang LaSalle at the Ritz-Carlton hotel in Moscow
The rate of development of new shopping centre space in Europe slowed considerably in 2009. It is unlikely that development levels will pick up before 2012 at the earliest, says real estate adviser Cushman & Wakefield in its new European Shopping Centre Development report
Sistema-Hals (HALS), a leading diversified company in the Russian and CIS real estate market, and Apsys Group, one of the leading European companies engaged in development and management of retail real estate assets, announce of the attracting of BNS fashion retailer to LETO shopping center (Saint Petersburg)
Rental rents in shopping malls have generally been stable since the end of 2009. Rental rates for street retail premises have increased by 10-15% depending on specific well located properties
This year’s Russian Real Estate Summit, taking place on 7th - 9th June 2010 at the Marriott Grand Hotel in Moscow, offers a unique and highly valuable source of information and expertise on how to succeed in the current economic climate
Sistema-Hals (HALS), a leading diversified company in the Russian and CIS real estate market, and Apsys Group, one of the leading European companies engaged in development and management of retail real estate assets, announce leasing of 3,100 sq. m in shopping center LETO (Saint Petersburg) to one of the largest anchor tenants - Inditex Group. Inditex will suit in LETO such significant brands as ZARA, Stradivarius, Pull&Bear and Bershka. The leasing period is 20 years
Retail real estate transaction volumes in Europe during Q4 2009 totalled ?4.5bn from 100 deals, nearly 60% up on ?2.9bn achieved from 66 deals in Q3 2009, according to Jones Lang LaSalle. However, full year total volumes in 2009 reached ?12.3bn, a 32% decline compared to a ?18.2bn total in 2008
Cushman & Wakefield experts believe that the basic recession down completed. It was important, stimulating a business activity at the market. Today, buyers and occupiers are much more active than a year ago
Jones Lang LaSalle expects 2010 to be a challenging year for investors to navigate, with recovery uneven across Europe, according to a new report released today. Investors will find it difficult to secure product, to identify value and to establish pricing levels. Many investors and banks will still be working through legacy issues and refinancing remains a major concern
In November a transaction of 3,500 sqm lease in SEC Megapolis was completed with the help of retail services department consultants of Cushman & Wakefield Stiles& Riabokobylko. The tenant is multiplex chain Raduga Kino
Cushman & Wakefield Stiles& Riabokobylko has announced preliminary results for 2009 and company’s outlook for 2010. Volume of investments into commercial real estate has reduced by 62.9% compared to 2008. Rental rates have decreased by 30%-45% depending on a sector. New construction was the only indicator with the positive trend during 2009. In 2010 we expect correction of the main indicators after significant downfall in 2009
Cushman & Wakefield is predicting that retail rental falls in most European markets should bottom out by mid-2010 although sustained rental growth is unlikely to be achieved until 2011. The company expects a relatively positive 12 months in the retail occupier and investment markets including increased retailer expansion and positive total returns by mid-year for core assets in most countries
H&M fashion store will be on two floors with a total surface of circa 1,700 sq. m
X5 Retail Group N.V., Russia's largest retailer in terms of sales, today announced the decision of the Company’s Supervisory Board to recommend to X5's General Meeting of Shareholders to extend Lev Khasis' term as the CEO, which expires in May 2010, for another four years
Организатор: Российский Совет Торговых Центров (РСТЦ)
Организатор: Бизнес-тренинги А.Реутов, Бизнес-клуб iTenAnts
Организатор: Reed Exhibitions
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