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 …
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.
Today the demand for insurance on warehouse real estate overall, and particularly on logistics services, is becoming more and more prevalent. Indeed, Western investors, who have started showing interest in the Russian warehouse real estate market, also play a significant role in this. At this time there have already been …
Insurance for construction and assembly risks (CAR) is a rather complicated and financially wideopen type of insurance. Under the current conditions of Russia’s booming market, it is still not widely preferred by those in the construction business, who generally do not insure or only partially insure possible risks at a …
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 …