AVICA Speaks at Kommersant Conference

Back

On 26 April, Kommersant PH 5th Annual Conference "Full Meter Development" was held in Moscow. AVICA Investment Director Sergey Vladimirov spoke at the session devoted to the funding sources in the commercial real estate market.

The Conference gathered representatives of government agencies, leading developers and commercial and residential property market experts and comprised three sessions devoted to the issues of integrated development, Moscow Region affairs and investment in various segments of the real estate market.

Sergey Vladimirov spoke at the session Commercial Real Estate Market: Funding Sources and Vehicles that provided the major players with the opportunity to discuss the recent developments in the market and its prospects, investment during crisis, new funding sources and segments characterized by the highest investment potential in the current context.

“We are optimistic about the investment market in 2017, as a new development cycle in all the commercial real estate segments is under way. Economic stabilization will continue, boosted by the strengthening Ruble and declining key rate that we expect to go down to 9.5% by the end of the year. 2018 may bring full-fledged economic growth and stronger commercial real estate indicators. As for the facilities with the strongest potential, high-quality office assets in the Moscow business downtown will consistently enjoy high popularity. Vacancy rates in A and A-prime offices are at the minimum and will expediently evaporate in case of market recovery. We are equally expecting a considerable rise in rental rates for such facilities”, Sergey Vladimirov said.

The list of Conference participants includes the Minister of Construction, Housing and Utilities of the Russian Federation Mikhail Men, HMLA General Director Alexander Plutnik, Head of Moskomstroyinvest Konstantin Timofeev, Head of New Territories Development Department of Moscow Vladimir Zhidkin and representatives of GC Kortros, FCC Leader, VTB Arena Park, Morgan Stanley, JLL, Colliers International, etc.