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No high-quality

Anna Pakulniewicz 06 July 2018

Anna Pakulniewicz

Journalist

+48 22 356 25 07
anna@eurobuildcee.com

Ania covers the Baltic states’ real estate markets, architecture and urban planning in Warsaw as well as interior design. She is also the co-founder of Eurobuild TV. Among others, she has been employed by TVN CNBC, PAP Insider, WBJ (The Observer), Poland Monthly and IMM. She graduated from the Warsaw School of Economics, majoring in international relations. She has also completed postgraduate studies in macroeconomic analysis. In addition to this, she studied Lithuanian philology

No high-quality
RUSSIA In the 1H 2018 no high quality shopping center was opened in Russia, according to “Russian Regional Retail Market, H1 2018” report by CBRE.
In H1 2018 there were no high-quality shopping center openings in the regions (Moscow and St. Petersburg excluded from the data). All announcedshopping centers in 2018 with total leasable area of 298,655 sqm are expected to be opened in H2. Thus, the annual construction volume for this year could be minimal for the last 15 years.The falling volume of new high quality shopping centers openings leaded to the average vacancy rate decrease in large shopping centers in Megacities in H1 2018, to 6-8 pct. In H2 2017 this indicator was 8-10 pct. A number of key events in retail sector: the change of owner of Magnit and management of Pyaterochka, merger of Svyaznoy and Euroset, purchase of Eldorado by M.Video - most likely, will lead to a change in strategies of these retailers and their further tenant rotation. In H1 2018 the following projects were announced: SEC Mall of Baltia (GLA: 42,000 sqm) in Kaliningrad and a retail park (GBA: 70,000 sqm) in Ryazan.

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