The year 2010 was when the Capital Group received its just rewards. The Capital Group was recognized to be the "Best Developer in Russia", according to the annual survey of worldwide developers, conducted by Euromoney, while the "Company" magazine awarded the Group the title "Developer of the Year – 2009". In April, at the Commercial Real Estate Awards the Company received the "Golden Brick" for their "Capital City", which was recognized as the best mixed-use complex. In addition, Capital Group was a finalist in the nomination for "Developer of the Year". Valentina Stanovova, senior vice president of the Capital Group told CRE how her development company managed not to freeze any projects, and how the crisis has confirmed the correctness of the principles on which the company keeps building its business.
We assumed that by 2011-2012 market saturation would be achieved, and competition would require companies to fight for customers. The crisis has caused this competition to come earlier than expected.
The Russian economy is starting to show signs of recovery. The growth indicators in some sectors, such as oil and gas, are beating analyst expectations. What impact is this having on the real-estate market? Tomas Dukala, vice-president of Morgan Stanley, fielded these, and other important questions, in a recent interview.
Today all attention has been focused on the investors. To a very high extent the future market development depends on the decisions that they make. Andrey Dovgal, real estate investments director of the Aton Investments Group told CRE why only few funds today are involved in direct investments and whether or not it is worth buying problematic assets
One of the most prominent representatives of development business, Setl Group’s vice president Vyacheslav Semenenko, stood at the helm of St. Petersburg Construction Committee this spring. His main challenge is to make the city’s construction sector more investor-friendly. He is confident that the city must learn to work both with strategic investors and ordinary market participants. He shared his vision of the industry’s further development in his interview to CRE North-West.
If the financial crisis did not start now it would have broken out in the Russian commercial real estate sector in the near future anyway. The main reason is the low effectiveness of domestic development, which has until recent been offset by the high yield. This is an important point raised by Alexei Maltsev, executive director, PRED-Group, one of the first professional management companies in the Urals market. In his interview to Commercial Real Estate Ural he revealed a business model a la Ural which works in the new economic reality.
As there are basically no new construction projects being launched, the management of existing facilities acquires greater importance. How can expenditure streamlining be implemented without lowering the quality of management? Today we talk to Evgenia Vlasova, Managing Director, Sawatzky Property Management.
Based on results of socio-economic monitoring conducted by the Russian Ministry of Regional Development the Sverdlovsk region has been among the regions most seriously impacted by the crisis. The construction industry that has rapidly developed in the Urals in recent years has found itself in a tight corner. Regional MP and founder of Mayak Corporation, Vladimir Konkov, is sure that only the joint effort of business and regional government may avert further blows. In his interview with Commercial Real Estate Ural he spoke about construction project financing schemes, anti-crisis measures taken by public officials and the future of development in the Urals.
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