Mar
20
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Case Study The multifunctional complex, Pokrovskie Vorota, is situated in the historical center of Moscow at #40 Pokrovka. It includes 24 thousand sqm of commercial real estate space serving two radically different functions and operated autonomously by separate organizations. The French hospitality network, MaMaison of the ORCO Property Group, is responsible for the apartment-hotel component of the project while the high-end office center is the headquarters of the Trubnaya Metallurgical Company. In April of 2007, the project and its developer, Sistema-Gals, a daughter company of AFK Sistema, were awarded the Commercial Real Estate Award for multifunctional real estate. Read the rest of this entry »
Mar
20
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Case Study Not long ago, the Azimut Hotel Kostroma became the second addition to the rapidly developing Azimut Hotel Network, which in a short period has managed to capture a leading position in the Russian hotel business with the sheer quantity of its hotel rooms. The hotel network is oriented toward corporate tourism. Though the rooms generally are of three star quality, truly excellent service brings the hotel’s rating closer to that of a four star hotel. Read the rest of this entry »
Mar
20
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Case Study The A-class Apollo business center on Dobrolyubov Prospekt, which opened in July this year, is already 90% filled with occupants. The commercial real estate market experts are almost unanimous that this is one of the most successful and promising properties on the Petersburg office real estate market. The public company Construction Corporation Vozrozhdenie Sankt-Peterburga (Revival of St. Petersburg) integrated with LSR Group is the project developer and investor. LSR handed over the property management to its subsidiary A + Estate, which tackled the BC operation and office space brokerage. Read the rest of this entry »
Mar
20
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Case Study Developers first conceived of the ILP Leningradskii Terminal in 2004. This same period was marked by rapid retail development and the active construction of shopping centers, but also by an almost total lack of high-quality warehousing areas. The ILP, or International Logistical Partnership, was one of the first companies to take advantage of this sector of the market, announcing the construction of a new warehousing complex, and ground was broken on the Leningradskii Terminal project on the 30th of June, 2005. Read the rest of this entry »
Mar
20
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Case Study The rows of tin shacks that crowd most Moscow courtyards are evidence that many of the city’s dwellers are in need of more storage space. As a result of Moscow’s economic boom and consumer craze, expensive square meters of real estate are quickly becoming cluttered. Until recently, the only storage available on the Russian market were roadside tin shacks, leasing your own warehouse or storing in someone else’s warehouse, none of which are very secure or convenient options. However, this past June, a new solution arrived in Russia - the KeySpace self-storage facility. Located just outside the Third Transport Ring in southeastern Moscow, KeySpace offers even the most chronic pack rats affordable, convenient and secure storage. Read the rest of this entry »
Mar
20
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Case Study Today the mall Epicenter opened in September 2006 has hundreds of various goods, food court services and entertainments to offer. The pool of its tenants is largely formed from local retailers. The anchors include the food supermarket Bomba (Vester Group), the household equipment and electronics supermarket Maximus (Vester Group), the nationwide chain Detsky Mir, the English pub Britannica, City Bowling entertainments and the children’s fun center Star Galaxy. Read the rest of this entry »
Mar
20
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Case Study The 130,000-sqm Ramstore Capitol shopping and entertainment center opened on 2 December 2006 in Moscow on the upper side of Prospect Verdanskogo. The retail center houses more than 100 various retail operators, a nearly 8,000-sqm office complex, an eight-screen Karo Film cinema, an entertainment complex with bowling, a fitness center, bank branches, as well as service industry businesses, cafes, restaurants and many others, including Russia’s very first Media Markt electronics and appliance store. Ramenka Ltd. is the owner, having received two Commercial Real Estate Moscow Awards professional awards. Furthermore, this year Ramstore Capitol was awarded the prize for being the best Large Shopping Center, with Enka architecture firm’s specialists winning the Architect of the Year award for this very project. Read the rest of this entry »
Mar
20
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Case Study Demand for quality warehouse space is still the talk of the day on the Moscow market, which is still far from the point of saturation. Being aware of attractiveness of this segment, many developers started building warehouses, though very few succeeded. The agricultural firm Belaya Dacha exemplifies a successful start-up in this business who managed to create a professional team and deliver a quality project. Read the rest of this entry »
Mar
20
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Case Study Ocean, located at 49 Chkalov St., is the first modern shopping and entertainment center for the citizens of Zhukovsky, a city located near Moscow. The 7,000-sqm complex houses reasonably priced stores which threw their doors open to their first customers in December 2005. The total amount invested in the project, including construction, expenditures on acquiring the land and facility reconstruction as well as design and processing approvals and permits, was $6.5 million, with the developer spending his own funds as well as securing a loan (50/50 ratio). The facility is slated to recoup investment within five years maximum. Read the rest of this entry »
Mar
20
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Case Study The Gorod (Eng. – city) shopping and entertainment complex on Ryazansky Prospect, one of Russia’s largest federal highways, opened in May 2006, following the Moscow mayor’s signing of the respective decree in October 2005. The developer constructed the complex on a plot previously belonging to the Karacharovsky Machine Factory. Moreover, Auchan, one of the most sought-after grocery anchor stores over the past few years, has opened its eighth hypermarket in the Moscow Region in Gorod, while, as a future strategic partner with the owners of the shopping and entertainment center, Auchan has also bought part of the premises for the store on the first floor as its own property. Read the rest of this entry »