MarketRent - Commercial property, real estate, office rental, trade spaces, land, commercial real estate analysis - http://marketrent.com.ua/blog

The volume of investments into the commercial real estate has fallen to 14 %

Source: Назар Білоус | 16.04.2009 | Category: Market analytics

In 2008 the total volume of transaction in all segments of the commercial real estate of Ukraine has constituted an order $430 million, in comparison with $500 million in 2007, or has decreased in 14 %. Such are estimations of experts “Colliers International” (Ukraine). As there was informed in the company “Colliers International”, as a whole 2008 has shown good results in spite of the fact that all bargains in sector of the commercial real estate have been concluded within the first 9 months.

Office segment became the leader on volume of investment transaction. So, in III quarter buy-in on sale by the Dutch developer «Gooioord B.V has taken place.» The portfolio (cumulative GBA ~ 14 000 sq.), consisting of a number of office centres possessed mainly in the central part of capital. The bargain on an asset swap with afterpay БЦ “Horizon Office Towers” (GLA - 13 000 sq.) on the land lot the area of 2 hectares in the central part of a city has been in parallel closed. Thus, in 2008 the total volume of investment transaction is evaluated (at the moment of the conclusion of bargains) approximately in $200 million, that is on $92 million is less, than a total volume of transaction in office segment for 2007.

n a segment of the trading real estate have found the buyers three metropolitan ТРЦ. So, the local company “Davento plc” had been acquired ТЦ “the Alto the Center” (GLA - 17 000 sq.), possessed around metro station “Petrovka”. The British investment foundation “Meyer Bergman European Retail Partners” became new holder ТРЦ “Aladdin” (GLA - 10 200 sq.), the Kiev possessed in a left-bank part in densely populated sleeping area “Poznyaks”. On the left coast of Kiev forward sale ТЦ “Square” on Balzac’s street (GLA ~ 2 800 sq.) where the Ukrainian companies became the buyer and the seller has taken place also. As a result for 2008 in a trading segment it is made investment transaction for the sum of an order $113 million For comparison, in 2007 only one similar bargain at a rate of $200 million has been made, - the British company “London&Regional Properties” has acquired in the middle Kiev ТРЦ “Globe”, the general rent area of an order of 18 600 sq. m.

In comparison with last year the volume of investment transaction in the warehouse real estate has considerably increased - the total volume of transactions in a warehouse segment for 2008 has constituted an order $85 million against $11 million in 2007. Against easing of interest to the Ukrainian market and care in IV quarter 2008 of some West European players (because of losses in the controlling companies connected with a world liquidity crisis) to Ukraine the so-called offshore investors which large part is necessary on Near-Eastern region and the CIS countries began to show practical interest.

Taking into consideration changes of the global economy, new players of the investment market are aimed at acquisition of high-quality assets with significant discount, and some of them are ready to make purchases, without waiting a price bottom, in view of limitation more or less qualitative assets in Ukraine. “Colliers International” - the international consulting company, rendering services in the field of the commercial real estate. Today the company “Colliers International” totals over 11 000 employees working at nearby 300 offices in more than 60 countries of the world, including in territory of the CIS and the Baltic States. In representation “Collіers Іnternatіonal” in Ukraine, based in 1997 in Kiev, works about 60 experts.


URL: http://marketrent.com.ua/blog/archives/1171

Copyright © 2008 MarketRent - Аналітичний блог і новини. Всі права застережено.