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

• 16.04.2009  | 
• city24.ua | 
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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.

Demand for Warehouses in Ukraine has taken plunge

• 15.04.2009  | 
• http://br-ua.com | 
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Category: Logistics centres

In connection with crisis many warehouses and logistical complexes in Ukraine, including newly built stand the thin. In the conditions of absence of accessible (long-term) financing and reduction of the basic sources of demand for qualitative storage rooms developers will introduce significant updatings to the plans. Experts of company CB Richard Ellis predict essential slowdown of rates of growth of the market of the warehouse real estate the next two years.

“First of all, we expect, sharp reduction of volumes of the perspective offer, because building of those projects that were at early stages of realisation will be suspended”, has declared Radomir Tsurkan, operating partner CB Richard Ellis in Ukraine.

As he said, developers will be focused on those projects which are at present already close to end and which commissioning is economically inexpedient to postpone. Besides, realisation of the future projects will occur in some stages as developers will take a waiting attitude, trying to minimise market risks.

Also the expert says that in the circumstances speculative development has lost the appeal: “In the conditions of struggle for leasers the risks connected with speculative devlopment, are considerably increased, and deficiency of a project financing and a loan capital seller’s price do these risks inadmissibly high”. At the same time, under forecasts CB Richard Ellis because of economic circumstances aggravation, building activity in the regional markets will be suspended.

To the middle of 2010 economic outlook do not instal special hopes, the further development of warehouse sector in regions will be postponed at least for 2009-2010, and the basic attention of developers will be concentrated in territory round Kiev.

Italian hotel operators are ready to invest in Lviv

• 19.11.2008  | 
• Marketrent | 
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Category: Hotels, Lviv news

Italian hotel operators are ready to take part in reorganisation of a hotel infrastructure of the Lviv area. About it there was a speech at an official meeting of the head Lviv district administration Nikolay Kmit and the Extreme Ambassador Plenipotentiary of Italy in Ukraine Petro Giovanni Donnichi.
As the press-service Lviv district administration informs, N.Kmit focused attention on two large projects which will be realised in the Lviv area by means of the Italian investments is a reconstruction of railway complex in Lviv and building of small town-satellite. According to the head of area, they prepare some projects which concern prospects of development of a hotel infrastructure, building and mechanical engineering.
The head district administration also has reminded, that during visit of the President of Ukraine Victor Yushchenko to Italy at a meeting with representatives of business elite of this country the head of the state has sounded idea concerning arrival to Italy 5-6 governors from Ukraine for representation of projects of development of regions. At the same time, the Plenipotentiary ambassador of Italy in Ukraine has noticed, that investors are involved in the Lviv area first of all with high professional level of a local labour.
P. Donnichi also has declared, that he sees prospects of development of cooperation between Italy and the Lviv area, having added, that the Italian hotel operators are ready to take part in reorganisation of hotel infrastructure in area. According to the Italian, the hotel sphere in area can be developed, not expecting Euro-2012. Also the ambassador has advised to develop a network of 3-4-star hotels.
As of October, 1st, 2008 the Italian investors in economy of the Lviv area have granted investments for the sum $11,6 million that makes 1,2 % from total amount of investments into area (total amount of the brought foreign investments has made $974,3 million).

“Its better to wait and stop buying plots now”

• 23.10.2008  | 
• Marketrent | 
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Category: Actual articles

That is about what so the levels of population not provided with habitation long hoped, happens - the real estate market “has fallen”. It would seem, wait now when apartments begin to sell on normal, instead of to the overestimated prices. Herein even there are thoughts on own country habitation (and why and is not present). But not here that was …
The room market worries crisis, but it does not mean yet, that the prices for square meters will immediately fail - builders freeze objects and wait till the best times. For sellers of the country real estate “distemper” times have not come yet, but also there not all is got on.

Play here in a large way

The market of the country real estate as well as capital room, has not the best times. Actions could be seen that basically the large players moving not by banal six hundred parts, and tens hectares. Sales of small plots under building also are in the bulk made by secondhand dealers. Therefore earth cost, as well as earlier the price of the Kiev apartments, grows at the expense of speculative operations.
As buyers in these transactions end users, and secondhand dealers who try to discover sites with a successful arrangement (near to highways, a good automobile outcome, etc.), for the purpose of their purchase and resale under HUNDRED, warehouse, refuellings act not or division into sites it is less and sales already at retail. In the latter case the hundred part is bought by hectares under the price, for example, to $1000, and after dividing is on sale three times more expensively. But to get on this market, it is necessary to have the solid starting capital, estimated hundred thousand dollars.

The area dictates the price

Ground area cost directly depends on its arrangement. For example, the most expensive, Kievo-Svjatoshinskoe the direction is appreciated that here there is a convenient traffic intersection, beautiful enough nature, a quite good infrastructure. Earth cost here grows constantly though already and “reads off scale”.
And here the Borispolsky area though is in number of leaders under the prices, of such “bonuses” cannot brag. The only thing, than it “takes” the potential buyer, presence excellent бориспольской lines.
The rest it concedes in all to cheaper areas. To take at least the sites located beyond Borispol - journey to morning and evening hours through this city-companion turns to a nightmare of the motorist - stoppers here more rigidly, than in capital.
Under forecasts, the areas adjoining the future district road will grow in the near future in the price. After the announcement of its building of operation of purchase and sale here have grown in times. At what buy up as sites in garden co-operative societies adjoining a line, and ground shares. Under forecasts риелторов, the prices in areas adjoining a new circuitous route at least will not fall, and in separate areas will grow only.

Well and how it to buy?

To buy now the earth for the purpose of the subsequent resale at least it is inexpedient. For the first time for the last couple of years earth cost near Kiev has fallen (see the table). And though this falling is insignificant in comparison with the previous growth - it can become the first call to time stabilization of the price for the earth (and even to falling).
Therefore in any case earth purchase under personal use is better for postponing at least for half a year - for this time cost if will grow, not much more, and here if it falls (as the market of the capital real estate) it at least will be unpleasant.
But there is one more reason, on which ordinary Ukrainian, most likely, cannot buy the ground area in the near future - banks in large quantities reduce crediting volumes, increase interest rates - and it means, that earth purchase by installments becomes practically unreal.
According to deputy director of REA «AliansBrok» Sergey Podgornogo, banks which worked under the program of crediting of the earth, either have essentially reduced loans, or have refused them at all. As informs delo.ua, bankers explain reduction of this product of crediting by problems with reception of state certificates on the earth and risks of object.

Personal experience

There was a good auction
Irina Mykulenko, the businessman:
- In country co-operative society in Brovarsky area we have bought the site two years ago. All this time it stably grew in the price, and its cost has risen more than twice. Still one year ago anybody from participants of co-operative society did not sell the six hundred parts - all waited still more for growth. But now announcements of sale began to appear.
At what of the price about same, as well as last year. And if to consider that sellers also agree to bargain it is possible to draw a conclusion that sites stand today on pair thousand more cheaply, than one year ago. But, despite it. We to sell the plot we do not gather, because it is not known, that will be further with dollar and гривней, and the earth is the earth.

Indicators of the market of the earth in the Kiev area for the last week from 13.10.2008
From 6 on October, 12th cost of the ground areas under cottage building in 11 Kiev areas has decreased for the first time for last year, within 0,17 % ($11) to 6868 dollars for a hundred part

«PortCity» will be launched in Lutsk

• 23.10.2008  | 
• Marketrent | 
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Category: City of Lutsk

In Lutsk is been building a multipurpose complex «PortCity» by a total area of 62,4 thousand the sq. m. which launch is planned in the end of the second quarter 2010. Complex will consist of the two-storeyed trading-entertaining centre (38,04 thousand sq.) on street Suhomlinsky, 1 and five-floor trading-office centre (24,38 thousand sq.) on street Sobornosti, 41. In REC the underground parking by the general capacity nearby 200 машиномест is provided, and in trading-office building two autoparkings will take places: on the ground floor - 130 autoparkings and on a roof - 50 autoparkings.
The customer of building is Joint-Stock Company «the Grandee Market Hroup» (Lutsk), builders are from corporation “Altis-holding” (Kiev).