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Russian investment climbs up

Eurobuild CEE 09 January 2018
Russian investment climbs up
Russia real estate investment excluding land acquisitions, JVs, residential sales to end-users

RUSSIA Russia’s real estate total investment reached USD 4.6 bln in 2017, up 9 pct from USD 4.3 bln in 2016, according to JLL.

This is the third consequitive year that the investment volumes in Russia are growing. In 2015 it was only USD 2.4 bln. “In 2017, the market underwent both positive and negative changes. The Russian economy has been recovering. The rouble traded within a narrow range. Inflation declined below the Central Bank target. Despite the raising concerns about the banking sector stability, a number of large deals closed at the year end. These included the sale of Immofinanz shopping centre portfolio and the part of Sever-2 warehouse complex,” commented Olesya Dzuba, head of research at JLL in Russia and CIS. The company expects the investment volume to increase even further in 2018 to USD 5 bln, up 9 pct y-o-y.

In 2017, the retail sector accounted for 40 pct of the total volume. Offices followed, with 34 pct of all deals. The share of foreign investments increased from 6 pct in 2016 to 17 pct in 2017. Moscow remains the main investment destination in Russia. In 2017, its share was close to the level in the previous year, at 79 pct.

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