The Russian market for retail real estate is going through a period of active growth which, by various estimates, will continue from three to seven more years. Already we can speak about major development in several basic areas. The display cases at the well-known local store, “Ye Olde Commercial Real …
A comprehensive program to develop underground territory in St. Petersburg by 2025 is underway in the city, and, to this end, City Hall intends to cease distributing land plots for construction to investors whose plans do not envisage the development of subsurface territories. Developers are already talking about how these …
In the context of real estate, corporate services are defined as the formulating and implementing of real estate strategies for end users so that they can maximise the returns from investments in human, business procedures and technology . A natural part of corporate services is tenant representation, which is the …
The shortage of development land in the center of world capitals is driving redevelopment. Thus they redevelop docklands in England into business centers, and in America they regularly redevelop industrial buildings. Petersburg-based experts are studying Western experience and applying it to local problems. For all that, the success of every …
Built-to-suit construction will not become the dominant tendency on the warehousing market. Despite all the talk about its potential, the real deals being made out there can be counted on the fingers one hand. Even so, the first international developers specializing in the built-to suit model are already active on …
According to most experts, the majority of large retailers and manufactures operating in Russia outsource their logistics requirements. The number of logistics providers grows with each passing year as new Russian and western firms enter the market. However not everyone is happy with the level of service being provided and …
The Urals can boast of not only modern shopping centers, but also of brilliant hi-tech office towers, while international hotel chains have also begun to enter the region. However, the warehouse industry today is far from being properly represented on the international level, and the future of the logistics chain …
The format of super-regional center, covering 100,000 sq.m. is one that many developers of commercial real estate have embraced. Here it is possible to place a large number of various tenants successfully – thus scaring off any potential competition. Yet, especially in regional centers today, there is a situation where, …
Public officials say the Urals region is breaking records in Russia for construction rates. About 3 million sqm of housing alone were commissioned in 2007, to say nothing about large industrial and commercial properties. Along with positive indicators, the construction industry abounds in legal offenses and, as legal practice shows, …
Management companies are inevitable impacted by the risk of property damage and thirdparty personal injury claims. Specialists are unanimous in their view that management companies must take out civil liability insurance.