In recent months the market has witnessed a new wave of interest on the part of investors and developers as they seek to grab a slice in what looks as one of the most promising real estate niches in Moscow and its surroundings in many years to come.
Norway's Eastern Property fund has raised $350 million it plans to invest into Russian real estate. The funds will be used to acquire six office buildings, two shopping centers and two warehouses in the next 12 months. "Triple net rental rates for Class A warehouse facilities are estimated at $115-135 per square meter per year, and for class B - $100-125 per square meter per year," Maxim Shakirov, Warehouse and Industrial Dept. director at Colliers International told The Moscow News.
