Experts: Moscow doesn’t need shopping centers any more
14 December 2007According to company Penny Lane Realty, in 2007 nearby 580 thousand square meters of the trading areas, which is on 10-15 % less the than declared volume, in Moscow has been entered. And though this year 13 shopping centers have opened and even more 30 shopping centers are to be opened within the nearest 2-3 years, experts are speaking about market saturation.
the deputy director of department of consulting Penny Lane Realty has explained the fact that far not all developers managed to realize their plans by strengthening of a competition in qualitative expression, displacement of the trading areas from the central areas on suburbs and “under the ground”, and also by integration of number of shopping centers.
In this connection federal operators even more often pay their attention not only to megacities, but they also actively master cities with the population up to 300 thousand people. Many trade networks have opened their shops in Urals Mountains, Siberia and Kareliya.
High interest of foreign investors to the commercial real estate trading sector is also being observed. According to Penny Lane Realty experts’ estimations, the volume of the western investments into the trading real estate has made the order $3-3,5 billion.
In turn, Colliers International analysts result other figures. On their data, the share of foreign investments into the trading real estate makes $8 billion.
