RFNY2013: Invest In Moscow - Real Estate
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RFNY2013: Invest In Moscow - Real Estate

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Presentation was made during the Russia Forum New York 2013 series - “Invest in Moscow: Doing Business in Russia’s Capital” which was held at the Princeton Club of New York on October 28th.

Presentation was made during the Russia Forum New York 2013 series - “Invest in Moscow: Doing Business in Russia’s Capital” which was held at the Princeton Club of New York on October 28th.

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RFNY2013: Invest In Moscow - Real Estate RFNY2013: Invest In Moscow - Real Estate Presentation Transcript

  • Department for External Economic and International Relations of Moscow Moscow’s Real Estate 2013 Anatoly Valetov Deputy Head of Department Moscow Investment Presentation in New York City, October 28, 2013
  • General Overview (1)   First half of 2013 was a record high for the commercial real estate market. Total investment $3.81 billion, 88% of all investments are in the Moscow region. Primary volume of investments (1st half 2013) were in the retail and office segment – $3.4 billion. Department for External Economic and International Relations of Moscow 2
  • General Overview (2) BIGGEST DEALS 1ST HALF 2013 Segment Project Volume, $ million Seller Investor Retail Metropolis 1,100-1,200 Capital Partners MSREI Оffice Four Winds 360-380 Snegiri / AFID Millhouse Оffice Olimpiya Park 340-360 O1 Properties Casperskay Lab Оffice Hermintage Plaza 260-280 Retail Aura (Novosibirsk) 220-250 Renaissance RosEuroDevelop Construction ment Оffice Aquamarine Phase III (50%) 220-240 Super AFI Development Passion Ltd Hotel Renaissance Moscow Olympic 100-130 N/A Azimut Hotels Logistics Tomilino 80-90 GHP BIN Group Forum Properties N/A Capitalization rates Cap. rate (A class) - 8.5% for office, 9.25% for retail, and 11.5% for logistics. 250-450 basis points higher than London and Paris. Commercial risks are closer to Europe and further from BRICS. Department for External Economic and International Relations of Moscow 3
  • Retail (1) General Info: 1st half 2013 – 520,000 sq. m. have been built High attendance Positive outlook Retails and developers are positive Department for External Economic and International Relations of Moscow 4
  • Retail (2) Trade operators: Segments «food», «everyday equipment», «clothing», «cinema» OUTLOOK In 2013 103 Shopping malls with a total volume of 3,155,752 sq. m. in 58 cities in Russia. Largest markets are Moscow and Ekaterinburg (>1milllion) Novokuznetsk, Tyumen, Irkutsk (500,000 – 1 million) Department for External Economic and International Relations of Moscow 5
  • Offices Lease rates are up 5%. New 388,000 sq. m. in 1st half 2013 Plans for 2nd half 2013 – 600,000 sq. m. TOTAL STOCK MOSCOW / 13.44 million sq. m. VACANCY RATE / 13.15% AVERAGE RENTAL RATE, CLASS A / US$ 870 1Н 2013 DEMAND (TAKE-UP) / 868,063 sq. m 1Н 2013 NEW CONSTRUCTION / 341,041 sq. m Department for External Economic and International Relations of Moscow 6
  • Warehouse Market Supply (class A, B): Moscow – 7.2 million sq. m; St. Petersburg – 2 million. sq. m.; other cities – 2.6 million. sq. m . Most projects are in Moscow region – 61% and St. Petersburg region – 18%. Department for External Economic and International Relations of Moscow 7
  • Hotel Hotel rooms: total 32,000 rooms (11,000 brands). Next 3 years the stake of brand hotels will grow up to 40%. Russia’s hotel industry capacity rate: 45-49%. Price for mid-scale segment is 110 USD/night, upscale segment – 160 USD. Department for External Economic and International Relations of Moscow 8
  • Department for External Economic Activity and International Relations Address: 13, Tverskaya St., Moscow, 125032 Tel.: +7 (495) 633-68-66 Fax: +7 (495) 633-68-65 www.dvms.mos.ru www.investinmoscow.ru E-mail: dms@dms.mos.ru INVEST IN MOSCOW