Industrial market. ST. PETERSBURG

Save this PDF as:
 WORD  PNG  TXT  JPG

Size: px
Start display at page:

Download "Industrial market. ST. PETERSBURG"

Transcription

1 Industrial market. ST. PETERSBURG Key industrial market indicators, 214 Supply INDEX VALUE Total stock 2.45 million m 2 Speculative stock 1.4 million m 2 New supply 355, m 2 Take-up 337, m 2 Vacancy rate 5.5% Rental rate, Grade A, USD Rental rate, Grade A, RUB * Net of VAT, OPEX and utilities 8 /m 2 /year* /m 2 /year* According to figures from 214, the total volume of speculative supply in the quality industrial market, which includes amount of space leased and available for lease, increased by 25, m², reaching 1.4 million m². The total warehouse market, which includes end-user buildings, increased over the year by 355, m² in total, or by 17%, reaching 2.45 million m². The highest volume of new supply was delivered in H2 214 with 132, m² being commissioned in Q3 and 23, m² in Q4. The largest warehouse properties put into operation in 214 were Armada Park, Phase I (total area of 78,7 m², developed by Adamant company), Osinovaya Roshcha, Phase III (52,7 m², developed by Sterkh corporation), Logopark Troitsky, Phase III (44,2 m², Resolute Asset Management), and several end-user properties: a distribution centre for the Magnit retail chain (5,8 m²), a distribution centre for the Verny retail chain (43, m²) and Torgovy dom ETM (24, m²). thousand m 2 The geographical distribution of the existing supply has been relatively stable over the last few years. The leaders in terms of current projects under construction are, Rybatskoye and Sofiyskaya street, which together account for about half of the existing speculative warehouse stock. As for other locations, active warehouse development can be observed in the north of the city (Parnas, Bugry, Pargolovo), accounting for a third of new supply in 214 and 16% of the city s total existing warehouse supply. Speculative stock and completions dynamics 1,5 1, New construction Total stock at the beginning of reporting period 95 1, ,

2 Demand Vacancy rate and take-up Figures for 214 show that transactions reached a record high of 337, m 2, while net absorption amounted to 237, m 2. High demand can still be observed for small warehouse spaces up to 2, m 2, and also for spaces starting from 1, m 2. For example, during 214, transactions for more than 1, m 2 each accounted for 7% of leased and purchased space. One of the trends in 214 was an increase in the number of build-to-suit projects in the St. Petersburg market. The share of rented and purchased area in built-to-suit schemes amounted to 45%. The main provider of properties built for these kinds of customers is A Plus Development Company, whose share accounted for more than a half of all lease and purchase transactions completed during 214. The main customers of built-tosuit warehouses were retail chains and logistics companies. thousand m % 2% 15% 1% 5% % During 214, we observed a decrease in demand for quality warehouse space from manufacturing companies, which decreased their share in the total transaction volume from 27% in 213 to 8% in 214. The development of retail and distribution companies has been the driver of quality warehouse market in St. Petersburg over recent years. By the end of 214, their share in lease or purchase transactions reached 68% from among all types of tenants (for comparison, in 212 and 213 the share of such companies in the total transaction volume was 63% and 53% respectively). It is noteworthy that some changes also appeared in the retail segment. While in 212 and the first half of 213 the greatest demand for warehouses was formed by distribution companies, including cosmetics, household appliances and electronics, and alcohol, in 214 the highest amount of deals in the retail segment was made with major Russian and foreign grocery chains, while distributors showed less activity. New speculative supply Net take-up Vacancy rate Lease transactions by tenant type % 3% 8% 27% 33% 8% 34% 23% 6% 19% 23% The share of vacant space in existing warehouse properties at the end of 214 amounted to 5.5% of the total warehouse market volume or around 135, m 2. For comparison, at the beginning of the year, the volume of vacant space was only 38, m 2. The leasing of speculative warehouses is to some extent influenced by the increase of build-to-suit deals; however, several tenants reduce the area they occupy or offer it for sublease. 4% 2% % 68% 63% 53% 44% Productions companies Logistics companies Retail and distribution companies 2

3 Rental rates Rental rates dynamics At the beginning of 214, the increase in rental rates for warehouse premises could still be observed. However, with new speculative warehouse properties entering the market in Q2 and Q3, rental rates declined back to the level from the end of 213, when the majority of developers closed leasing deals in USD-denominated rents. USD/m 2 /year RUB/m 2 /month Rapid change in the exchange rate in Q4 and especially in December 214 has resulted in developers shifting from USD rates to rouble-denominated rents. It should be mentioned that rents in projects denominated in roubles have not decreased since the beginning of the year and remain within the increase according to indexation levels Trends and forecasts Speculative properties are still in demand. Nevertheless, in 215, a decrease in new speculative supply available for lease is expected, and built-to-suit properties constructed under agreements closed throughout 214 will account for the main share. Q4 21 Q1 211 Q2 211 Q3 211 Q4 211 Q1 212 Q2 212 Q3 212 Q4 212 Q1 213 Q2 213 Rental rate, Grade A, RUB Rental rate, Grade A, USD Q3 213 Q4 213 Q1 214 Q2 214 Q3 214 Q4 214 The volume of vacant space increased at the end of 214 due to the high number of warehouses that entered the market; however, the rate will decrease during this year. Lease contracts in roubles will dominate in the market. In connection with the changed economic conditions we expect the commercial terms of current lease agreements to be renegotiated. Furthermore, we do not expect new speculative projects to be launched in the coming year. At the same time, we note activity among new potential developers that are now doing preparation work on warehouse projects located at their land plots, or are looking for new land plots for warehouse projects in the next one or two years. Additional supply is being created by warehouses being offered in sublease. As a result of cut backs and optimisation of occupied space, major tenants may free 1, 2, m 2 on average from their leases. Breakdown of leased space in 214 by the main owners of the properties 14% 12% 15% 5% 3% A Plus Development Adamant Other Resolute Assets Management Sterkh corporation Orion 51% 3

4 Warehouse complexes completed in 214 PROPERTY ADDRESS GRADE TOTAL AREA, M 2 STORAGE AREA, M 2 INVESTOR/DEVELOPER 1 Admiral-Gorelovo Vsevolozhskiy district А 26,7 2, Admiral-TSV Logistics Group 2 Osinovaya Roshcha logopark (Phase III) Pargolovo А 52,66 5,4 Sterkh Corporation 3 Armada Park (Phase I) А 78,691 7,5 Adamant 4 Ladoga Industrial Park (Phase I) Vsevolozhsk А 6,5 6,264 Agrotrade 5 StroiSoyuz (Phase I) 6 Magnit distribution centre Tosnenskiy district B 5,44 4,72 Stroisoyuz А 5,8 5,8 Magnit 7 Troitsky Logopark (Phase III) Nevskiy district А 44,188 36,94 Resolute Asset Management LLP 8 St. Petersburg terminal complex (Phase III, 3 bld.) Vsevolozhskiy district А 27, 26, Invest-Bugry 9 Nordway Logistics Park (Phase III) А 2,63 17,5 BSV (Hanner/Girteka) 1 ETM distribution centre А 24, 19, A Plus Development/ Torgoviy dom ETM 11 Fedorovsky Posad Tosnenskiy district А 2, 17,25 As-Magistral-Service 12 Verny distribution centre Kolpinskiy district А 43, 35, PNK Group Total 398, ,374 Major lease/sale transactions in St. Petersburg industrial market in 214 PROPERTY TENANT TOTAL LEASED AREA, M 2 A Plus Park Shushary Confidential 39, A Plus Park Shushary* X5 Retail Group 33,5 Confidential* Retail chain 28,5 A Plus Park Shushary* Auchan 25, A Plus Park Shushary Logistics company 19,833 A Plus Park Shushary Norbert Dentressangle Logistics 11,942 A Plus Park Shushary* Retail distribution company 12, Confidential* Distributor 9, Warehouse complex (Gatchina)* Retail chain 6,7 Orion Logistics Confidential 6,5 AKM Logistics CentrObuv 6,4 Agroterminal Dymov 5,8 * deals completed by Colliers International 4

5 485 offices in 63 countries on 6 continents United States: 146 Canada: 46 Latin America: 25 Asia Pacific: 186 EMEA: 85 $2.1 billion in annual revenue billion square meters under management 15,8 professionals and staff Contact us Andrey Kosarev Managing Director, St. Petersburg Vladislav Ryabov Partner, Regional Director: Industrial, Warehouses, Land Property Veronika Lezhneva Director, Research Department Colliers International Russia BC Naberezhnaya Tower 1 Presnenskaya Embankment Moscow tel BC Northern Capital 3 Volynsky Lane St. Petersburg tel colliers.com Copyright 215 Colliers International. The information contained herein has been obtained from sources deemed reliable. While every reasonable effort has been made to ensure its accuracy, we cannot guarantee it. No responsibility is assumed for any inaccuracies. Readers are encouraged to consult their professional advisors prior to acting on any of the material contained in this report.

Vacancy Down, Rental Rates Up

Vacancy Down, Rental Rates Up Research & Forecast Report ST. LOUIS OFFICE First Quarter 2016 Vacancy Down, Rental Rates Up Business as usual for the St. Louis office market during first quarter 2016. Suburban office continues to drive

More information

Vacancy Rate Increases Above 20% As Space Givebacks Continue

Vacancy Rate Increases Above 20% As Space Givebacks Continue OFFICE LOS ANGELES MARKET REPORT Rate Increases Above 20% As Space Givebacks Continue MARKET OVERVIEW MARKET INDICATORS - VACANCY 20.1% NET ABSORPTION -137,400 CONSTRUCTION 508,200 RENTAL RATE $34.56 P

More information

Sublease Space Thwarts a Good Quarter

Sublease Space Thwarts a Good Quarter Research & Forecast Report RENO INDUSTRIAL Q3 Sublease Space Thwarts a Good Quarter > > Overall vacancy rate rose to 10.95% (without sublease space 8.16%) > > New construction completions totaled 626,000

More information

The Little Train That Could

The Little Train That Could Research & Forecast Report RENO OFFICE Q3 2015 The Little Train That Could > > Rents continued to move higher as rates over $2.00 per square foot are becoming more common in the Class A buildings in the

More information

LARGE OFFICE SPACE Where to find 5,000 sq m in Europe

LARGE OFFICE SPACE Where to find 5,000 sq m in Europe EMEA Office July 2015 LARGE OFFICE SPACE Where to find 5,000 sq m in Europe HIGHLIGHTS The availability of large office premises has reduced by 12% year-on-year Choice is limited - only 19% of options

More information

Green Buildings in Poland 2015

Green Buildings in Poland 2015 Building Consultancy Services Green Building Certification Warsaw 05 Green Buildings in Poland 05 Certification in numbers Last year the total number of projects announced by certification bodies granting

More information

DUBAI HOUSE PRICE INDEX REPORT FIRST QUARTER 2013. Accelerating success.

DUBAI HOUSE PRICE INDEX REPORT FIRST QUARTER 2013. Accelerating success. DUBAI HOUSE PRICE INDEX REPORT FIRST QUARTER 13 Accelerating success. HOUSE PRICE INDEX Q1 13 DUBAI TABLE OF CONTENTS Executive Summary 3 Dubai Overall House Price Index 4 Alternative Analysis 6 Apartment

More information

Despite Continued Spec Development, Demand Pushes Vacancy Down

Despite Continued Spec Development, Demand Pushes Vacancy Down Research & Forecast Report CHICAGO BIG BOX Fourth Quarter 15 Despite Continued Spec Development, Demand Pushes Vacancy Down Craig Hurvitz Vice President Chicago Vacancy And Supply Four big box developments

More information

Market Report MANHATTAN OFFICE 2Q 2015. Leasing Activity MSF. Absorption SF. Availability Rate 10.1% -0.6pp -0.9pp N/A. Average Asking Rent ($/SF/YR)

Market Report MANHATTAN OFFICE 2Q 2015. Leasing Activity MSF. Absorption SF. Availability Rate 10.1% -0.6pp -0.9pp N/A. Average Asking Rent ($/SF/YR) Market Report MANHATTAN OFFICE 2Q 2015 Accelerating success. 2Q 2015 Quarter-to- Quarter Change Year-to- Year Change YTD 2015 ± % $ Leasing Activity MSF Absorption SF 8,087,659-2.8% -8.0% 16,409,154 2,890,076

More information

Central Los Angeles Leasing Activity Surges Despite Negative Absorption

Central Los Angeles Leasing Activity Surges Despite Negative Absorption office CENTRAL LOS ANGELES market report Central Los Angeles Leasing Activity Surges Despite Negative Absorption Market overview MARKET indicators - VACANCY 19.8% NET ABSORPTION -112,300 CONSTRUCTION 1,242,600

More information

NAI Houston Office Report First Quarter 2012

NAI Houston Office Report First Quarter 2012 NAI Houston Office Report First Quarter 2012 Houston: Office Report CITYWIDE OFFICE LEASING STATISTICS: ABSORPTION: Measure of Demand in Square Footage for Office Space Total net absorption for 2012 YTD

More information

Renewals Dominate Downtown Los Angeles Activity as Vacancy Decreases

Renewals Dominate Downtown Los Angeles Activity as Vacancy Decreases office downtown LOS ANGELES market report Renewals Dominate Downtown Los Angeles Activity as Decreases Market overview MARKET indicators - VACANCY 18.1% NET ABSORPTION 68,400 CONSTRUCTION 1,042,900 RENTAL

More information

SÃO PAULO. www.colliers.com.br. 1 st quarter 2013 OFFICE

SÃO PAULO. www.colliers.com.br. 1 st quarter 2013 OFFICE 1 st quarter 2013 OFFICE SÃO PAULO Market Report OFFICE CLASSES A+, A AND B OFFICE MARKET REPORT COLLIERS CHANGED ANALYSIS PARAMETERS IN 2013 Existing Inventory: 3.77 Million sqm Under Construction Inventory:

More information

Latvia Hotel Market Overview

Latvia Hotel Market Overview Research & Forecast Report Latvia 2016 Latvia Hotel Market Overview Annual Review Accelerating success. Hotel Market General Overview > > During the first three quarters of 2015, the number of visitors

More information

>> Industrial Starts Off 2016 With Positive Momentum

>> Industrial Starts Off 2016 With Positive Momentum Research & Forecast Report ORANGE COUNTY INDUSTRIAL Q1 2016 Accelerating success. >> Industrial Starts Off 2016 With Positive Momentum Key Takeaways > Orange County Industrial continued on a positive path

More information

Warsaw Office MarketView

Warsaw Office MarketView Warsaw Office MarketView Q4 212 CBRE Global Research and Consulting OFFICE STOCK 3.9 M SQ M OFFICE VACANCY 8.8% OFFICE TAKE-UP 68,5 SQ M COMPLETION 268, SQ M UNDER CONSTRUCTION.2% Y-O-Y GENERAL OVERVIEW

More information

Warsaw Office MarketView

Warsaw Office MarketView Warsaw Office MarketView H1 213 CBRE Global Research and Consulting OFFICE STOCK 4. M SQ M OFFICE VACANCY 1.5% OFFICE TAKE-UP 334, SQ M COMPLETION 152, SQ M UNDER CONSTRUCTION 7.8% Y-O-Y GENERAL OVERVIEW

More information

Record office take-up Investment market remains dynamic

Record office take-up Investment market remains dynamic Berlin Market Report OFFICE LEASING AND INVESTMENT Q1 2016 Record office take-up Investment market remains dynamic Margit Lippold Director Research Office leasing Office take-up (in 1,000 sqm) including

More information

Eastern Europe Office Market Review

Eastern Europe Office Market Review RESEARCH & FORECAST SNAPSHOT 2013 EASTERN EUROPE OFFICE SUMMARY Eastern Europe Office Market Review CEE Markets: Warsaw, Prague, Bratislava, Budapest, Bucharest SEE Markets: Athens, Sofia, Belgrade, Zagreb

More information

Russian Real Estate Investment Market

Russian Real Estate Investment Market Russian Real Estate Investment Market Russian real estate investment volumes Investment volume dynamics, USD mn* 8,000 Q1 Q2 Q3 Q4 7,000F 6,000 5,059 4,799 4,000 4,005 3,917 3,243 2,000 0 757 131 301 2003

More information

Global Real Estate Outlook

Global Real Estate Outlook Global Real Estate Outlook August 2014 The Hierarchy of Economic Performance, 2014-2015 China Indonesia India Poland South Korea Turkey Australia Mexico United Kingdom Sweden United States Canada South

More information

O KEY GROUP ANNOUNCES AUDITED FINANCIAL RESULTS FOR 2014

O KEY GROUP ANNOUNCES AUDITED FINANCIAL RESULTS FOR 2014 Press Release 19 March 2015 O KEY GROUP ANNOUNCES AUDITED FINANCIAL RESULTS FOR 2014 O KEY Group S.A (LSE: OKEY), a leading food retailer in Russia, today released audited consolidated financial results

More information

Leasing and investment market off to a lively start in 2016

Leasing and investment market off to a lively start in 2016 Düsseldorf Market Report Office Leasing and Investment Q1 2016 Leasing and investment market off to a lively start in 2016 Lars Zenke Director Research Düsseldorf Office Leasing The Düsseldorf office leasing

More information

Kraków Overview. Office market summary. Research & Forecast Report Kraków Office Market March 2015. Selected projects under construction

Kraków Overview. Office market summary. Research & Forecast Report Kraków Office Market March 2015. Selected projects under construction Research & Forecast Report Kraków Office Market March 2015 Kraków Overview Office market summary At the end of 2014, the total supply of modern office space in Kraków amounted to 617,400 m 2. During the

More information

Rebound after a slow start

Rebound after a slow start DTZ Research PROPERTY TIMES Rebound after a slow start Europe Office Q2 2015 28 August 2015 Contents Take-up 2 New office supply 3 Vacancy ratio 4 Prime office rents 5 Outlook 6 Definitions 7 3 million

More information

Office Leasing and Investment

Office Leasing and Investment MarkEt REPORT Berlin 214/215 Office Leasing and Investment Accelerating success, Office leasing Berlin STATISTICS Population 3,422, Unemployment rate 11.1 % Employees paying social security contributions

More information

Briefing Office sector November 2014

Briefing Office sector November 2014 Savills World Research Beijing Briefing Office sector November 2014 SUMMARY Image: CBD area, Chaoyang district City-wide vacancy rates hovered at the lowest level in China despite the market receiving

More information

Analyst presentation H1 2015/16

Analyst presentation H1 2015/16 Analyst presentation H1 2015/16 Half year ended 30 September 2015 18 November 2015 Disclaimer DISCLAIMER THIS PRESENTATION may contain forward looking statements. These statements are based on current

More information

>> New Construction Delivers to the Orange County Office Market

>> New Construction Delivers to the Orange County Office Market Research & Forecast Report ORANGE COUNTY OFFICE Accelerating success. >> New Construction Delivers to the Orange County Office Market Key Takeaways > Three new office developments were delivered to the

More information

CLO CLO Q4 2014. thinkcapitarealestate.uk. Central London Office Overview

CLO CLO Q4 2014. thinkcapitarealestate.uk. Central London Office Overview CLO Central London Office Overview CLO Q4 2014 2 Central London Office Overview Central London Office Overview 3 At a glance 4 Central London Office Overview West End At a glance 111 Buckingham Palace

More information

Strategic Focus Report Enterprise Mobility

Strategic Focus Report Enterprise Mobility Strategic Focus Report Enterprise Mobility Technology and market trends July 2014 1 Introduction 1.1 Summary This Strategic Focus report analyses the current trends, drivers, and inhibitors impacting the

More information

CB Richard Ellis HCMC Tenants Evening Q2 2011

CB Richard Ellis HCMC Tenants Evening Q2 2011 CB Richard Ellis HCMC Tenants Evening Q2 2011 28th June 2011 Presented by Chris Currie CB Richard Ellis Page 2 Recent Headlines HCMC Office Market Overview Q2 2011 Flight to quality Existing Grade A all

More information

Commercial Real Estate Vacancy Overview

Commercial Real Estate Vacancy Overview Commercial Real Estate Vacancy Overview RETAIL 4.63% 5.31% increase SUBURBAN OFFICE 18.2% 4.15% increase CBD OFFICE 12.75% 4.86% decrease INDUSTRIAL 5.69% 2.91% increase YEAREND 215 The Lexington commercial

More information

Outlook for European Real Estate in 2013. Mark Charlton, Head of Research & Forecasting

Outlook for European Real Estate in 2013. Mark Charlton, Head of Research & Forecasting Outlook for European Real Estate in 2013 Mark Charlton, Head of Research & Forecasting Tuesday 20 th November 2012 Europe - uncertainty continues to buffet sentiment Oct 06 Oct 07 Oct 08 Oct 09 Oct 10

More information

MARKET REPORT FOR INDUSTRIAL AND LOGISTICS SPACE

MARKET REPORT FOR INDUSTRIAL AND LOGISTICS SPACE MARKET REPORT FOR INDUSTRIAL AND LOGISTICS SPACE MUNICH Q1 Q4 2012 Accelerating success. P. 1 COLLIERS INTERNATIONAL Markt Indersdorf Fahrenzhausen Freising Flughafen München Schwaig Schwabhausen Hallbergmoos

More information

Sofia City Report H2 2014

Sofia City Report H2 2014 Sofia City Report H2 2014 BG H2 Sofia City Report H2 2014 Economy/Investment Economy During the third quarter of 2014, GDP contracted by 0.4%, causing a modest growth of 1.5% for the entire year, expressing

More information

4Q 15. Industrial Market Report

4Q 15. Industrial Market Report 4Q 15 Industrial Market Report ST. LOUIS, MO The Market Multiple indicators point towards 2016 as a year of continued construction for the St. Louis Industrial Market. The 2.3 million square feet of new

More information

Q2 2015. Dubai Real Estate Market Overview

Q2 2015. Dubai Real Estate Market Overview Q2 2015 Dubai Real Estate Market Overview Dubai Market Summary Dubai s real estate market saw little change in the second quarter, with the slowdown in performance across all asset classes continuing,

More information

Q3 2014. Dubai Real Estate Market Overview

Q3 2014. Dubai Real Estate Market Overview Q3 2014 Dubai Real Estate Market Overview Dubai Market Summary The Dubai real estate market saw a welcome levelling-off during the summer months. The broad based recovery witnessed in the residential sector

More information

Contents. Economy Investment Office...5. Industrial Summary Q Summary Q Prognosis... 4

Contents. Economy Investment Office...5. Industrial Summary Q Summary Q Prognosis... 4 Czech Republic MARKET OVERVIEW Q1 2016 Contents Economy... 3 Summary Q1 2016... 3 Investment... 4 Summary Q1 2016... 4 Prognosis... 4 Office...5 Summary Q1 2016... 5 Prognosis... 6 Industrial... 7 Summary

More information

North America Report. Industrial Logistics & Transportation Solutions Outlook. Big-Box. Market Report

North America Report. Industrial Logistics & Transportation Solutions Outlook. Big-Box. Market Report North America Report Industrial Logistics & Transportation Solutions 2016 Outlook Big-Box Market Report Notes from Leadership Colliers International s Logistics & Transportation Solutions Group is pleased

More information

Market Commentary Canberra Office

Market Commentary Canberra Office Market Commentary Canberra Office November 2015 Executive Summary A further strengthening in the Canberra office market has been recorded over 3Q15 with a total of 9,300 sqm of positive net absorption.

More information

Current Issues Note 27 Central London office market through the recession By Yeukai Muchenje and Nick Ennis

Current Issues Note 27 Central London office market through the recession By Yeukai Muchenje and Nick Ennis Current Issues Note 27 By Yeukai Muchenje and Nick Ennis copyright Greater London Authority November 2010 Published by Greater London Authority City Hall The Queen s Walk London SE1 2AA www.london.gov.uk

More information

Jean Van der hasselt CEO Russia and the Nordics

Jean Van der hasselt CEO Russia and the Nordics Jean Van der hasselt CEO Russia and the Nordics Market Overview Russia Population 140.4 million Language(s) Russian Currency Ruble Capital City Moscow GDP US$1.465 trillion Source: IMF Russia is the largest

More information

Widen. your investment horizon. Real Estate Investments

Widen. your investment horizon. Real Estate Investments Widen your investment horizon Real Estate Investments Agenda Market update Commercial Real Estate Processes to be followed Q & A Real Estate Trends A Snapshot Office Market Trends INDIA 4 Asia Pacific

More information

Benchmark Study on HR Management Systems 2010. Banking sector SHORT REPORT. April 2011. Tax, People Services

Benchmark Study on HR Management Systems 2010. Banking sector SHORT REPORT. April 2011. Tax, People Services Benchmark Study on HR Management Systems 2010 SHORT REPORT Tax, People Services 2011 KPMG Limited, a company incorporated under the Companies (Guernsey) Law, as amended in 2008, a subsidiary of KPMG Europe

More information

SUBJECT: Interim Audit Report for Clerk s Print Shop Operations, Renewal of the Lease Agreement for the Clerk s Printing Services Building

SUBJECT: Interim Audit Report for Clerk s Print Shop Operations, Renewal of the Lease Agreement for the Clerk s Printing Services Building REPORT NO. 2009-14 TO: FROM: Ken Burke Robert W. Melton, Chief Deputy Director Internal Audit Division SUBJECT: Interim Audit Report for Clerk s Print Shop Operations, Renewal of the Lease Agreement for

More information

YANGON PROPERTY MARKET RESEARCH

YANGON PROPERTY MARKET RESEARCH YANGON PROPERTY MARKET RESEARCH CONTENTS OF YANGON PROPERTY MARKET FULL REPORTS H1 & H2 2013 Data to be provided where information is available 1. Overview 2. GDP 3. Demographics 4. Investment and legal

More information

Office Leasing and Investment

Office Leasing and Investment Market report Munich Mid-year report 215 Office Leasing and Investment Accelerating success. Office Leasing Munich Statistics Population 1,5,56 Unemployment Rate 4.4 % Employees Paying Social Security

More information

VOIT REPORTS POSITIVE ABSORPTION FOR OFFICE AND LOW INDUSTRIAL VACANCY IN ORANGE COUNTY Q1 MARKET REPORTS

VOIT REPORTS POSITIVE ABSORPTION FOR OFFICE AND LOW INDUSTRIAL VACANCY IN ORANGE COUNTY Q1 MARKET REPORTS Contact: Jerry Holdner Voit Real Estate Services (949) 263-5371 Jholdner@voitco.com VOIT REPORTS POSITIVE ABSORPTION FOR OFFICE AND LOW INDUSTRIAL VACANCY IN ORANGE COUNTY Q1 MARKET REPORTS Orange County,

More information

OIL AND GAS SURVEY COST-CONSCIOUS OCCUPIERS REASSESSING THEIR REAL ESTATE STRATEGY 2015/2016 FIRST EDITION

OIL AND GAS SURVEY COST-CONSCIOUS OCCUPIERS REASSESSING THEIR REAL ESTATE STRATEGY 2015/2016 FIRST EDITION OIL AND GAS SURVEY COST-CONSCIOUS OCCUPIERS REASSESSING THEIR REAL ESTATE STRATEGY 2015/2016 FIRST EDITION INTRODUCTION We are pleased to launch the results of Cushman & Wakefield s first Global Oil &

More information

J son & Partners Consulting company presents the results of the research of Russian market of cloud IaaS solutions.

J son & Partners Consulting company presents the results of the research of Russian market of cloud IaaS solutions. J son & Partners Consulting company presents the results of the research of Russian market of cloud IaaS solutions. Infrastructure-as-a-Service (IaaS) is the automatic or on demand provision of data-center

More information

MARKET WATCH. Market Highlights Office Total Inventory 358,692,803 Total Vacancy Rate 14.4% Select Sitar Transactions 2Q 2014. Economic Indicators

MARKET WATCH. Market Highlights Office Total Inventory 358,692,803 Total Vacancy Rate 14.4% Select Sitar Transactions 2Q 2014. Economic Indicators MARKET WATCH Second Quarter 2014 Market Highlights Office Total Inventory 358,692,803 Total Vacancy Rate 14.4% Average Rate $23.66 PSF YTD Net Absorption 1,491,218 SF Industrial Total Inventory 800,823,825

More information

SBERBANK GROUP S IFRS RESULTS. March 2015

SBERBANK GROUP S IFRS RESULTS. March 2015 SBERBANK GROUP S IFRS RESULTS 2014 March 2015 SUMMARY OF PERFORMANCE FOR 2014 STATEMENT OF PROFIT OR LOSS Net profit reached RUB 290.3bn (or RUB 13.45 per ordinary share), compared to RUB 362.0bn (or RUB

More information

Pharmaceutical and medical technology cluster Pharmopolis

Pharmaceutical and medical technology cluster Pharmopolis Pharmaceutical and medical technology cluster Pharmopolis Pharmopolis Mission Innovative medical city Pharmopolis creates a unique environment for the development of Your business in Russia Pharmopolis

More information

Business Information Series 2012 Vol. I No.3 SIGNING A COMMERCIAL LEASE. Dubai Business Guide. Markets

Business Information Series 2012 Vol. I No.3 SIGNING A COMMERCIAL LEASE. Dubai Business Guide. Markets Business Information Series 2012 Vol. I No.3 SIGNING A COMMERCIAL LEASE Dubai Business Guide Markets Business Support Department Dubai Chamber of Commerce and Industry Published by: Dubai Chamber of Commerce

More information

Schroder Property Multi-let industrial estates: more than just your average manufacturer

Schroder Property Multi-let industrial estates: more than just your average manufacturer Schroder Property Multi-let industrial estates: more than just your average manufacturer July 201 For professional investors and advisers only Introduction Eleanor Jukes, Senior Property Research Analyst

More information

BANK UNITED GROUND LEASE 2495 S. Orange Ave Orlando, FL

BANK UNITED GROUND LEASE 2495 S. Orange Ave Orlando, FL CONTACT: Erik Nelson 407-650-3667 erik.nelson@nnnreit.com BANK UNITED GROUND LEASE 2495 S. Orange Ave Orlando, FL Investment Summary INVESTMENT OVERVIEW Investment Grade Tenant BankUnited (NYSE:BKU) 11+

More information

Doha Airport / City Centre. Increase in tourist arrivals and opening of new hotels expected to keep the market growth in line with 2014 performance.

Doha Airport / City Centre. Increase in tourist arrivals and opening of new hotels expected to keep the market growth in line with 2014 performance. MENA Hotels August 2015 MENA HOTEL FORECASTS 3-Month Rolling Forecast Highlights Aug Oct 2015 YoY RevPAR Variance % Doha Airport / City Centre Increase in tourist arrivals and opening of new hotels expected

More information

We are doing our best that you could choose the best!

We are doing our best that you could choose the best! We are doing our best that you could choose the best! AZBUKA VKUSA COMPANY GROWTH AZBUKA VKUSA supermarket chain was founded in 1997, and nowadays it is the leading Russian premium food retailer. Today

More information

Commercial Property Market Report Riga

Commercial Property Market Report Riga Commercial Property Market Report Riga 2 nd quarter 2014 Commercial Property Market Report, 2nd quarter 2014. LATIO Market Research Department. Data publishing without a reference to the source is forbidden!

More information

Foreign Direct Investors Outlays to Acquire or Establish U.S. Businesses Rose in 2004

Foreign Direct Investors Outlays to Acquire or Establish U.S. Businesses Rose in 2004 EMBARGOED UNTIL RELEASE AT 8:30 A.M. EDT, WEDNESDAY JUNE 1, 2005 Thomas Anderson: (202) 606-9879 BEA 05-23 Foreign Direct Investors Outlays to Acquire or Establish U.S. Businesses Rose in 2004 In 2004,

More information

Sidney, BC 2016. A Profile of the Sidney Business Improvement Area District: Business Activities, Business Premises and Vacancies

Sidney, BC 2016. A Profile of the Sidney Business Improvement Area District: Business Activities, Business Premises and Vacancies A Profile of the Sidney Business Improvement Area District: Business Activities, Business Premises and Vacancies Sidney, BC 2016 Copyright Sidney Business Improvement Area Society February 2016 All rights

More information

GREATER COLUMBUS OFFICE MARKET OVERVIEW. Current Market Trends

GREATER COLUMBUS OFFICE MARKET OVERVIEW. Current Market Trends GREATER COLUMBUS OFFICE MARKET OVERVIEW Current Market Trends Over the past 12 months, overall market conditions have continued to improve. Vacancy declined, absorption remains positive and rental rates

More information

E-shaping of the European Logistics Market

E-shaping of the European Logistics Market EUROPEAN COLLIERS LOGISTICS INTERNATIONAL WHITE WHITE PAPER PAPER Key Takeaways: > The e-commerce sector has a direct impact on the logistics market with the introduction of new distribution strategies

More information

CORPORATE SERVICES. Property for Lease. Tel: (01856) 873535 Fax: (01856) 876094. property@orkney.gov.uk FOR LEASE

CORPORATE SERVICES. Property for Lease. Tel: (01856) 873535 Fax: (01856) 876094. property@orkney.gov.uk FOR LEASE CORPORATE SERVICES Property for Lease Tel: (01856) 873535 Fax: (01856) 876094 property@orkney.gov.uk FOR LEASE Offices, 69-73 Victoria Street, Stromness Reference No 50/1036 New offices within recently

More information

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN THE UNITED STATES, AUSTRALIA, CANADA OR JAPAN

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN THE UNITED STATES, AUSTRALIA, CANADA OR JAPAN Moscow, August 28, 2015 PRESS RELEASE ROSINTER REPORTS 1H 2015 OPERATING AND UNAUDITED FINANCIAL RESULTS: REVENUE in accordance with IFRS AMOUNTED TO RUB 3 813 MLN NET OPERATING REVENUE IN TRANSPORT HUBS

More information

STOCKMANN Interim Report Q2 2015. 12 August 2015

STOCKMANN Interim Report Q2 2015. 12 August 2015 STOCKMANN Interim Report Q2 2015 12 August 2015 New operating structure as of 1 January 2015: Stockmann Retail, Real Estate, Fashion Chains STOCKMANN GROUP GROUP S SHARED FUNCTIONS STOCKMANN RETAIL REAL

More information

Food. Retail. Channels. in Russia

Food. Retail. Channels. in Russia Food Retail Channels in Russia St.-Petersburg 2011 Main food retail channels in Russia Supermarket chains Unstructured retail (individual entrepreneur, one-stop shops, 24/7 small supermarkets, trade pavillions)

More information

MENA HOTEL FORECASTS. 3-Month Rolling Forecast Highlights Feb Apr 2015 YoY RevPAR Variance % MENA Hotels February Fujairah. Makkah.

MENA HOTEL FORECASTS. 3-Month Rolling Forecast Highlights Feb Apr 2015 YoY RevPAR Variance % MENA Hotels February Fujairah. Makkah. MENA Hotels February 2015 MENA HOTEL FORECASTS 3-Month Rolling Forecast Highlights Feb Apr 2015 YoY RevPAR Variance % Makkah Next three months to see stable Umrah demand, although with visa restrictions

More information

Lisbon Office Market Outlook. 4th Quarter 2009

Lisbon Office Market Outlook. 4th Quarter 2009 (data on ) Contacts: Pedro Pimentel pedrop@prea.pt 214406420 Research & Market Analysis Dept. www.prea.pt Outlook Following a major downturn in economic performance office space demand continues to be

More information

Sponda Financial Results Q August 2015

Sponda Financial Results Q August 2015 Sponda Financial Results Q2 2015 4 August 2015 Highlights for the period Kari Inkinen Sponda s Q2 2015 in brief Despite disposals, cash flow is strong. - Key figures have improved q-on-q and annually.

More information

Sponda Financial Results Q May 2015

Sponda Financial Results Q May 2015 Sponda Financial Results Q1 2015 5 May 2015 Highlights for the period Kari Inkinen Sponda s Q1 2015 in brief Occupancy rate at 86.8% (Q1 2014: 86.2%). Cash flow was strong despite the property divestments.

More information

Supplemental Information First-Quarter 2014 Earnings Call

Supplemental Information First-Quarter 2014 Earnings Call Supplemental Information First-Quarter 2014 Earnings Call Market & Financial Overview Q1 & FY Capital Markets & Leasing Markets Volumes Investment Volume Strength Varies HISTORICAL FORECAST Capital Markets

More information

In Q4/2015, total retail stock was approximately 1.1 million m², increasing by 14.7% quarter-on-quarter (QoQ) and 14.3% year-on-year (YoY).

In Q4/2015, total retail stock was approximately 1.1 million m², increasing by 14.7% quarter-on-quarter (QoQ) and 14.3% year-on-year (YoY). 13 January 2016 SAVILLS VIETNAM S REPORT ON HANOI REAL ESTATE MARKET Co.,Ltd 6 th Floor, Sentinel Place 41A Ly Thai To Street, Hoan Kiem District, Hanoi T: +84 4 3946 1300 savills.com.vn Q4/2015 1. RETAIL:

More information

Unaudited Results of Keppel REIT for the Third Quarter and Nine Months Ended 30 September 2013

Unaudited Results of Keppel REIT for the Third Quarter and Nine Months Ended 30 September 2013 MEDIA RELEASE Unaudited Results of Keppel REIT for the Third Quarter and Nine Months Ended 30 September 2013 14 October 2013 The Directors of Keppel REIT Management Limited, as manager of Keppel REIT,

More information

The market of commercial data centers 1, Russia October, 2011

The market of commercial data centers 1, Russia October, 2011 The market of commercial data centers 1, Russia October, 2011 J'son & Partners Consulting presents brief results of the recently completed study of the Russian commercial data centers market. Usable area

More information

Multifamily Market Strengthens as Employers Add Workers

Multifamily Market Strengthens as Employers Add Workers Research & Forecast Report TUCSON METRO AREA MULTIFAMILY 2 Multifamily Market Strengthens as Employers Add Workers Key Takeaways > > Employment growth in Tucson closed 2 on an upswing. Approximately 5,6

More information

MDM Bank Interim Consolidated Condensed Financial Statements for the Three-Month Period Ended 31 March 2010

MDM Bank Interim Consolidated Condensed Financial Statements for the Three-Month Period Ended 31 March 2010 Interim Consolidated Condensed Financial Statements for the Three-Month Period Ended 31 March 2010 Interim Consolidated Condensed Financial Statements for the Three-Month Period Ended 31 March 2010 Contents

More information

Property Times Europe Q3 2010 Short supply improves rental outlook

Property Times Europe Q3 2010 Short supply improves rental outlook 1999 2000 2001 2002 2003 2004 2005 2006 2007 2011 2012 2013 2014 Property Times Europe Short supply improves rental outlook 19 October Contents Overview 1 Market Statistics 2 Office Market Overview 3 Outlook

More information

Market Commentary Melbourne CBD Office

Market Commentary Melbourne CBD Office Market Commentary Melbourne CBD Office July 2015 Executive Summary The Melbourne CBD office market recorded strong net absorption of 26,000 sqm in 2Q15. This is the fifth consecutive quarter of positive

More information

InvestIng In london commercial real estate

InvestIng In london commercial real estate InvestIng In london commercial real estate contacts gareth Williams Partner Property Department for Royds LLP Tel: +44 (0) 20 7583 2222 gwilliams@royds.com andrew cruickshank Tel: +44 (0) 020 7338 4434

More information

SECURITIES AND EXCHANGE COMMISSION

SECURITIES AND EXCHANGE COMMISSION SECURITIES AND EXCHANGE COMMISSION AMENDED SEC FORM 17-C CURRENT REPORT UNDER SECTION 17 OF THE SECURITIES REGULATION CODE AND SRC RULE 17.2(c)(iii) THEREUNDER 1. Date of Report (Date of earliest event

More information

RESIDENTIAL ACCOMMODATION POLICY

RESIDENTIAL ACCOMMODATION POLICY RESIDENTIAL ACCOMMODATION POLICY Page 1 of 11 RESIDENTIAL ACCOMMODATION POLICY I. General... 3 A) Scope... 3 B) Objectives... 3 C) Principles... 3 D) Definitions... 3 II. Ministry Control of Residential

More information

OUE Commercial REIT s 3Q 2015 Distribution Increased 7.1% Y-o-Y and Exceeded Forecast by 10.0%

OUE Commercial REIT s 3Q 2015 Distribution Increased 7.1% Y-o-Y and Exceeded Forecast by 10.0% PRESS RELEASE For Immediate Release OUE Commercial REIT s 3Q 2015 Distribution Increased 7.1% Y-o-Y and Exceeded Forecast by 10.0% 3Q 2015 Highlights: Net property income of S$15.6 million is 4.7% higher

More information

European office sector recovery continuing Divergence in speed and strength remains

European office sector recovery continuing Divergence in speed and strength remains The Jones Lang LaSalle Office Property Clock Q3 2013 European office sector recovery continuing Divergence in speed and strength remains European Office Rental Index decreases q-o-q Aggregate European

More information

Midtown South Manhattan Office MarketView

Midtown South Manhattan Office MarketView Midtown South Manhattan Office MarketView CBRE Global Research and Consulting LEASING ACTIVITY 1.1 MSF NYC UNEMPLOYMENT RATE (DEC. 1) 7.5% NYC OFFICE EMPLOYMENT (DEC. 1) 1,6, U.S. GDP CHANGE (Q 1) 4.1%

More information

The promise of emerging market urbanites

The promise of emerging market urbanites Hospitality and Leisure Hospitality Directions Europe Market sector briefing The promise of emerging market urbanites November 2008 pwc The promise of emerging market urbanites Much of the focus of attention

More information

Global entertainment and media outlook 2009 2013. Video Games. Segment Summary

Global entertainment and media outlook 2009 2013. Video Games. Segment Summary Global entertainment and media outlook 2009 2013 Video Games Segment Summary Global Outlook Globally, the video game market will grow from $51.4 billion in 2008 to $73.5 billion in 2013, a 7.4 percent

More information

Accenture NewsPage Sales Force Automation: Empower your people

Accenture NewsPage Sales Force Automation: Empower your people Accenture NewsPage Sales Force Automation: Empower your people 2 Understanding the market Your people are your most important business asset. But, with hundreds of staff, serving thousands of small retailers,

More information

Industrial Outlook Baltimore/Washington. Q1 2013

Industrial Outlook Baltimore/Washington. Q1 2013 Industrial Outlook Baltimore/Washington. Q1 2013 Mixed start to 2013 across the region Baltimore industrial properties saw continued interest from tenants, most notably north of the city in Harford County,

More information

Office Rents map EUROPE, MIDDLE EAST AND AFRICA. Accelerating success.

Office Rents map EUROPE, MIDDLE EAST AND AFRICA. Accelerating success. Office Rents map EUROPE, MIDDLE EAST AND AFRICA Accelerating success. FINLAND EMEA Office Rents H2 212 NORWAY Oslo 38.3 5.4% 7.% 295, SWEDEN Stockholm 44.7 4.5% 3.% 5, Tallinn 13.4 44,2 21. 5.25% 1.% 12,

More information

Press Release Corporate News Vienna, 18 March 2015

Press Release Corporate News Vienna, 18 March 2015 Press Release Corporate News Vienna, 18 March 2015 IMMOFINANZ with stable operating performance in the first three quarters, Net profit reduced New share buyback program resolved KEY FIGURES (in MEUR)

More information

Hanoi Quarterly Report

Hanoi Quarterly Report Market Insights from CBRE s Hanoi Quarterly Report Presented by: CBRE RESEARCH & CONSULTANCY Richard Leech Executive Director Thanh Tran Senior Manager CB Richard Ellis (Vietnam) Co., Ltd. October 13 th

More information

Q3 2014. Cairo Real Estate Market Overview

Q3 2014. Cairo Real Estate Market Overview Cairo Real Estate Market Overview Cairo Market Summary The third quarter of 2014 saw further political stability as the regime proceeded with implementing its roadmap. Following the reduction of energy

More information

New Mexico. Comparison Profile prepared by the New Mexico Economic Development Department State Data Center. Page 1 of 5

New Mexico. Comparison Profile prepared by the New Mexico Economic Development Department State Data Center. Page 1 of 5 DEMOGRAPHICS Population estimates, July 1, 2014 2,085,572 Population, percent change - April 1, 2010 to July 1, 2014 1.4% Population estimates, July 1, 2013 2,085,287 Population, percent change - April

More information

Mexico City - Class A Office Market Overview. June 2013

Mexico City - Class A Office Market Overview. June 2013 Mexico City - Class A Office Market Overview June 2013 Mexico Office Market Most important buildings are concentrated in ten sub-markets: Reforma 10 Polanco Lomas 7 1 5 6 3 4 8 2 Lomas Altas Bosques Santa

More information

SELF STORAGE INVESTMENTS WWW.LDAG.NET +44 (0) 871 218 0888 INFO@LDAG.NET +41 417 201 555

SELF STORAGE INVESTMENTS WWW.LDAG.NET +44 (0) 871 218 0888 INFO@LDAG.NET +41 417 201 555 SELF STORAGE INVESTMENTS INTRODUCTION We would like to introduce the first affordable self storage commercial property investment to be released into the UK. An opportunity to invest in a self storage

More information

Overview. Netherlands Officemarket 2013. Supply 2013. Take-up 2013. Amsterdam The Hague Eindhoven Rotterdam Utrecht

Overview. Netherlands Officemarket 2013. Supply 2013. Take-up 2013. Amsterdam The Hague Eindhoven Rotterdam Utrecht Amsterdam The Hague Eindhoven Rotterdam Utrecht Netherlands Officemarket 213 Overview Supply 213 In 213, the take-up of office space decreased once again in the Netherlands. This decline has now lasted

More information

Technical Advice Note: Retail Impact Assessments

Technical Advice Note: Retail Impact Assessments Technical Advice Note: Retail Impact Assessments 1 A GUIDE FOR RETAIL IMPACT ASSESSMENTS INTRODUCTION This Technical Advice Note (TAN) has been prepared to assist applicants seeking planning permission

More information