Regens Magazine (ENG) #4, December 2020

REGENS MAGAZINE
REGENS MAGAZINE
by Regens International
Copyright 2020
special edition - december 2020

Our story is
in the unbeaten paths
we have travelled...
...in the
stormy horizons
we have challenged.
Credits: for the photos and/or graphic design contributions contained in this issue
special thanks go to Seozzy (Alessandro Davia) and to Unsplash website.

Dear readers,
The year approaching to an end has not been simple for
anyone. The pandemic obliged us all to reassess our priorities,
to dramatically change our lifestyle, but at the same time
gave us the opportunity to apprecciate even more deeply our
relationships and reconsider the importance of such concepts as
«space» and «time».
In fact these are the very pillars upon which our everiday lives
are based, what defines both our «domestic hearth» - that «nest»
each and every one of us loves to return to at the end of the day
- and the working space which we need to fulfill our professional
ambitions
In the following pages we are delighted to present properties
worth of satisfying the most diversified needs: cosy homes to
pamper your beloved ones as well as other spaces for your work
and business. We really hope you’ll enjoy the reading!
Allow me to send the warmest greetings for the festive season
to you and your families with my best wishes for a very merry
Christmas and a happy New Year!
Alessandro Alessio
a.alessio@regens-international.com
www.regens-international.com
Alessandro Alessio
Regens International, Founder
Introductory message
3
Regens Magazine 04/2020

Table of contents
Highlighted listings - Homes by the sea 5
— real estate in Russia
Residential lettings in Moscow 6
Commercial properties in Moscow 7
Properties for sale in the Russian regions 8
Industrial properties (storage & manufacturing) 9
Properties in Saint Petersburg 10
Market insight:
«Russia’s property market forecast 2021»
12
— International real estate
Farmhouses, agritourism and B&B 14
Hotels for sale internationally 15
Restaurant businesses for sale 16
Highlighted listing - «The Residences in the Venetian Lagoon» 17
Highlighted listing - «The abandoned Hamlet overlooking the Valleys» 18
Featured topics:
4

Highlighted listings - Homes by the sea
5
Istria, Croatia
House with garden for sale
first row to the sea near Umag.
Asking price: 770,000 EUR negotiable
Trieste, Strada Costiera
House with pool and direct access to the beach
(shared with the neighbours)
Price on request

Residential lettings in Moscow
6
Moscow, metro Taganskaya
Fully furnished 2-room apartment.
Rent: 62,000 RUB /month
Moscow, metro Baumanskaya
Nice 3-room apartment for rent.
Price: 70,000 RUB /month
Moscow, metro Chistye Prudy
Elegant 3-room apartment in historic mansion.
Rent: 150,000 RUB /month
Moscow, metro Park Kul’tury
Renovated 2-room apartment for rent.
Price: 120,000 RUB /month
>>>

7
Commercial properties in Moscow
Moscow, Tverskaya
High-street retail premises (254 m2)
for rent or sale
Moscow, luxury district
Retail space (110 m2) for high-end boutique
Price on application
Moscow, Bol’shaya Nikitskaya
Office/showroom premises (140 m2) in early 20th-
century building. Rent: 225,000 RUB/month
Moscow, near Moscow-City
Showroom premises (171 m2) for rent.
Rent: 570,000 RUB/month
<<<
Moscow, Mar’ina Roshcha
2-storey retail space for flagship store or showroom
Price on request.

Properties for sale in the Russian regions
8
Volgograd
Retail space (ca.1000 m2) for sale
for flagship store or showroom.
Krasnodar
Retail building for flagship store,
showroom or department store
Kazan
Semi-detached building in pedestrian street
in the very heart of the city.
Kazan
3-star hotel for sale
in close proximity to the railway station.
Smolensk
Former pasta processing plant
for sale or rent in bulk.

Kaluzhskoe shosse
ca.15 km from MKAD to the South
Class «A» warehouse for rent (5950 m2)
Industrial properties (storage & manufacturing)
9
Moscow region
5 km from MKAD to the South
Class «A» warehouses for rent.
Available spaces: 4057 - 9200 m2
Moscow region
2 km from MKAD to the South-east
Warehouse (4800 m2) for rent.
Mozhaiskoe shosse, right on MKAD
(West of Moscow)
Ground-floor space (700 m2) for storage, car
service or other purposes. 6-metre ceilings.
Rent: 12,000 RUB/m2/year

10
Properties in Saint Petersburg
Saint Petersburg, Admiralteysky district
Retail space (208 m2) for sale
in historic building after renovation
Saint Petersburg, canel Griboyedov
Spacious apartment (185 m2) for sale
Price: 450,000 EUR
Saint Petersburg, «Golden Triangle»
Luxury residences for sale
in beautifully renovated historic mansion
Saint Petersburg, Admiralteysky district
Street-retail premises (200 m2) for sale
in early 20th-century building
Saint Petersburg, Bolshaya Morskaya
3-room apartment calling for refurbishment
Asking price: 210,000 EUR

11
Saint Petersburg, canal Griboyedov
Nice 2-room apartment for rent
Rent: 60,000 RUB/month
>>>
Saint Petersburg, Nevsky Prospekt
Luxury office spaces for rent
in beautifully renovated buildings
Information on request.
Saint Petersburg, Nevsky Prospekt
Spaces for rent in historic shopping gallery
in the very heart of the city.
Information on request.

Market insight
Russia’s property market forecast 2021
It is always very difficult to make predictions of any kind in a country like the Russian Federation,
but on the basis of our daily on-the-ground experience we can share the following considerations.
In the course of 2021 it seems likely that a certain gap will remain (and perhaps even further increase) between the large
number of offers on the market and a more timid and limited demand, which more plainly will show in certain segments.
Residential:
The increasing affordability of mortgage loans should
help keep demand lively in the segment of new
construction homes, especially when the talk is about
cheap apartments in the suburbs of large cities, which
some buyers usually consider also for investment purposes.
Despite the crisis, average prices on the resale market in
Moscow’s traditionally «sought-after» districts (e.g. most of
the city centre and the South-west) have risen over the last two
years, although the average exposure period for finding buyers
has definitely increased there as well. In this case, prices could
remain more or less at the same level due to the fact that in the
centre new developments mainly relate to conversion projects
of historic buildings into luxury condominiums with prices
thatareaccessibleonlytoaverylimited numberof «luckyfew».
In St. Petersburg, on the other hand, average prices for flats in good condition in the central districts remain comparatively
very appealing and keep attracting interest mainly among domestic buyers from other cities and investors from abroad.
Suffice it to say that even today in the Tsentral’ny and Admiralteysky districts it is still possible to find apartments at
prices ranging between 130,000 and 170,000 RUB/m2 (equal to about 1500-1900 EUR/m2 as per the current exchange
rate) in historic blocks of flats where, however, the condition of the common areas often leaves much to be desired.
As far as residential rentals are concerned, the following key-factors have been observed over the last few years: (a)
a sharp decline in the number of foreigners moving to Russia for professional tasks in management roles; (b) many
foreigners, by virtue of the worsening economic outlook in the country have left the country (and, as a consequence,
made vacant a large number of high-end properties); (c) the constantly decreasing purchasing power of the population
and households; (d) a widespread perception of the risk of job loss and the decline in profits from business activities.
All these elements have contributed to a strong reduction in the ‘popularity’ of expensive or premium rental solutions, which
were previously largely the preserve of expatriates and foreign executives. Demand for these types of options has dropped
significantly and - at least in the first half of 2021 - we would not expect this trend to change. This may lead more and more
landlords to review their price expectations downwards in order to try to rent their flats within a reasonable timeframe.
In addition to that, some landlords who have resigned themselves to prolonged tenancy vacancy periods may decide to put
their flats up for sale, especially once they realize that rental yields have fallen, in the hope for an immediate monetization.
Offices:
In recent years, this segment has perhaps suffered the most from the country’s economic downturn and financial crisis. As
if that were not enough, in recent months, it has been the one that has felt the impact of the pandemic’s effects most strongly.
In fact, while in the previous five years many companies went bankrupt, abandoned the Russian market or at least tried
to optimise operating costs by moving to smaller spaces and cutting down on staff, as of this year the impossibility of
making full use of rented spaces has made local companies discover «smart working» and convinced many of them
that this working system could be maintained even after the restrictive measures linked to COVID have been lifted.
If weaddtothisthefactthatinmanysectorstheprojections
for the coming months do not give rise to any particular
optimism, it is to be expected that in this segment demand
will continue to be exponentially lower than supply,
many spaces will remain vacant and the administrations
of some office complexes may opt for a conversion of
large vacant areas (for which it might be particularly
difficult finding tenants in the current situation) into
co-working spaces, as is already happening in part.
> > >
12

> > >
Retail and restaurant premises:
The closures imposed during the spring lockdown not only led to a serious crisis in the retail sector due to lost revenues and the
subsequent impossibility to meet their contractual obligations (which affected deeply also the shopping center industry), but also
induced a changed perception
of the shopping experience
among many regular users.
Statistical data published by a
number of specialized companies
show that during the spring 2020
lockdown the average number
of visitors to Moscow’s shopping
centers (where only supermarkets,
pharmacies, children’s stores and
telecom stores could be visited at
that time) plummeted by 70 per
cent, but even in the weeks between
October and the end of the year
- despite the absence of formal
restrictions-therewasa30percentdropinMoscowandaround25percentdropinStPetersburgcomparedtothesameperiodthepreviousyear.
At the same time, online sales increased by 20% during the year and online grocery sales also rose significantly.
It is no coincidence that even in the most prestigious shopping streets and «luxury districts» the number of vacancies
has clearly increased (up to the 15%) compared to the past. This has led to a drop in rents, which - while in the most
sought-after areas amounts to an average of 10-15% - has reached peaks of up to 30% in less popular locations. A
similar trend can be observed in shopping centers, where the percentage of vacant space averages between 10-15%.
Uncertaintimesarealsobeingexperiencedbyrestaurantoperatorseverywhere.Manyestablishmentshaveclosedtheirdoorspermanently
inrecentmonths,althoughmosthavecontinuedtooperateevenduringtheperiodofintroductionofthemorerestrictivemeasuresthanks
tohomedeliveriesandtake-awaysales.Theaverageexpectationforadropinturnoverinthecurrentyearforoperatorsinthesectoris20-25%.
Under these assumptions, it is plausible that at least in the first half of 2021 the situation will remain more or less unchanged and
landlords will have to resign themselves to offering retailers and restaurateurs cheaper rents than they were used to in better times.
Industrial properties (warehouses, storage- and manufacturing spaces):
The segment of light industrial, storage- and manufacturing spaces in and around major cities
is the one that probably has been least affected by the upheavals related to the pandemic.
In the Moscow region alone, there has been a total demand for 1.5 million square meters of new properties of this
type, which can also be explained by the increasing turnover of e-commerce operators who therefore need more
and more space to store their goods. It is no coincidence that the record-breaking deal of the year saw Russian
online retail giant «Ozon» sign a lease for some 200,000 m2 of warehousing space on a build-to-suit basis.
This is what many operators in the local market value most: the turnkey construction of warehouses based on their
own individual technical requirements and specifications. This keeps the vacancy rate rather low (approx. 5%) in «A»
or «B+» category complexes built in recent years and at the same time tends to prevent downward price fluctuations.
It should be noted that the demand for modern, high-quality warehouses is also
increasing in the regions, driven here as well in particular by e-commerce operators.
All in all, it is to be expected that prices for industrial (manufacturing and warehousing) spaces
will remain virtually unchanged in the coming months, and in some cases may even rise slightly.
Alessandro Alessio
13

Piedmont, Italy
Renovated farmhouse in the Langhe region.
Price: 600,000 EUR
Farmhouses, agritourism and B&B
14
Umbria, Italy
Large estate with pool for sale near Assisi.
Asking price: 998,000 EUR negotiable
Northern Italy, near Lake Maggiore
18th-century mansion for sale.
Price on application.
Italy, near Lake Como
Villa calling for thorough renovation
within easy driving distance to the lake.
Price: 850,000 EUR negotiable

Hotels for sale internationally
15
Venice (province)
30-room historic hotel for sale
at 20 minutes’ drive from Venice.
Bibione, near Venice
in close proximity to the beach.
Dolomites, near Cortina d’Ampezzo
Family-run hotel for sale
within easy driving distance to Cortina
Calabria
Hotel complex for sale
far below market value.
Marienbad, Czech Republic
Boutique-hotel for sale
in nice historic mansion.
Sunny Beach, Bulgaria
in renowned resort on the Black Sea.

French Riviera
Seaside restaurant business
in internationally-acclaimed tourist resort.
>>>
<<<
Florence, historic center
Restaurant business for sale just steps away
from Piazza della Signoria and Palazzo Vecchio.
Restaurant businesses for sale
16
Nice, French Riviera
Restaurant business for sale
in Nice, Le Carrè d’Or .
>>>
Mallorca
Well-established high-end restaurant
with loyal customer base.
Marbella, Puerto Banus
Italian restaurant for sale
in popular international tourist destination.

Highlighted listing
THE RESIDENCES
IN THE VENETIAN
LAGOON
Additional information > here
Exclusive apartments in
beautifully renovated historic
complex
17

Highlighted listing
THE HAMLET
OVERLOOKING THE VALLEYS
Additional information > on application
Abandoned hamlet for sale in Piedmont
within easy driving distance to Milan,
the Ligurian coast and the French Riviera.
18

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Regens Magazine (ENG) #4, December 2020

Regens Magazine (ENG) #4, December 2020

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Regens Magazine (ENG) #4, December 2020