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Read in journal:The authors of the article is trying to develop a methodology that can be used to rate and capitalize the real estate market in Russia, based on long-term statistics and forecasts.
Every high-rise building or structure is unique. It is not just previous experience that is used in the design and construction of every new skyscraper, but also many new technological ideas, design calculation methods, organization and construction technologies, latest building materials and products, modern methods of quality control and the monitoring of the technical condition of the building are applied.
Roads are a key factor of the real estate market development. Construction of the Ring Road (KAD) gave rise to dozens of projects and to the conversion of hundreds hectares of land. During the market recovery good access by transport gains even greater significance both for tenants and developers making decisions about the launch of new projects. Not only the building of new thoroughfares, but also the development of the street-road network (SRN) plays an important role. In order to identify the main vectors of market development for the years to come, CRE Northwest decided to carefully review the urban road map.
In the past year the Supreme Arbitration Court (SAC) finalized one of the issues which are very important for owners of premises in retail and office centers. Now they will be able to abjudge elevators, boiler rooms, corridors and rooms with electricity switchboards from former owners.
There was a time when the investment climate in Krasnodar was supposed to be one of the best in Russia. Because of the crisis, nearly all construction works on this ideal Southern construction site were put on hold. Today, the city is a leader in the South Federal District in terms of unfinished construction of commercial real estate. The total area of unfinished projects has reached 875,000 sq. m that represents 23% of the entire Southern Russia's unfinished construction (less the Olympic construction in Sochi). Given that the average stage of project readiness in Krasnodar is about 55–60%, as MACON Realty Group experts estimate, the city needs at least $465 million of investments to finish the announced projects (their total area is 3.1 million sq m) – or $2.3 billion to finish everything. Will developers succeed in finding the money this year?
We haven’t heard much about traditional investors over the last year. The number of transactions has dropped to 15% of those that were concluded in 2008. The market is shrinking and withdrawing into the shadows. We are however still far from total desolation. How’s ready to invest into real estate today?
Today, in these post-crisis economic conditions, when most companies are not just struggling for survival, but are trying to retain their market share and endeavoring to strengthen their competitive advantage, the importance of their human resources is becoming increasingly obvious. The very people that work in the enterprise are the ones capable of developing and implementing the best strategies that will help achieve the company’s objectives. In this regard, motivation of the staff currently plays an especially important part.
The first Russian green building projects are just now preparing to fight for their “green” certificates – the popularity of the idea of environmental friendliness in construction has reached us only recently. Meanwhile, near the northern boundaries of the capital, for several years now, the “Country Park” office complex has been operating – its creators had considered the environmental aspects long before the arrival of “green fever” in Russia.
One can spend considerable funds to implement sophisticated "green" building technologies. At the same time, there are simpler and obvious things to make those efforts more efficient and to finally improve the environmental performance of buildings. The task of any construction manager is to pay attention to these details. One of them is the quality of air in the building.
Facility management implies the manager's complex operations at a real property, and under the crisis this type of services if always in high demand. One can and must streamline operations and minimize the number of employees involved in any particular type of work at the facility. In other words, it is necessary to preplan a complex of essential measures and group activities so as to streamline the operation of all divisions. Sceduling and preprogramming the works and setting priorities allows the timely fulfillment of all works.
Frozen construction cranes – a true sign of an economy in crisis. However, the year 2009 saw more than office and shopping centers being frozen – same attractive projects actually came back to life.
The Moscow retail market is seeing an invasion of regional operators. With their traditionally shy "excuse us, we aren't from here either”, the provincials bravely occupy the retail areas that have been vacated as a result of the crisis and start competing for customers.
Investments, as a river that irrigated Russia's commercial real estate market before the crisis, now have completely dried up. Western institutional investors with all their fears are not the only ones to blame, as greedy domestic property owners do not want to smoothly evaluate their premises.
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