Friday, November 11, 2011

The Russian retail market expects a sharp deficit

The crisis of recent years will take new retail space deficit in 2011-2013. Retailers will have to build yourself or adjust the plans for the Russian market of commercial real estate in 2012-2013. expects a serious recession, in 2008 and 2009. developers did not venture to begin construction of new facilities, and is now completing the ones that were laid before the crisis, says a leading consultant Cushman & Wakefield Victor Rosenberg. "Almost no projects of shopping centers with a term of entry in the next two years, and new construction projects shall be asserted" - agrees Head of Retail Property Penny Lane Realty Alex's grave. In 2009 in Moscow, was introduced about 500 000 sq. km. m of retail space, and in 2010 - has about 450 000 sq. km. m, estimated Executive Director of "Shop stores in association with CBRE» Dmitry raged. This year, he predicted, the introduction of new areas is 300 000 sq. km. m in 2012 - about 150 000 m. In these conditions, according to Rosenberg, property prices will rise. Retailers have already felt the shortage of supply of new sites for stores, says the director of investor relations network "M. Video" Denis Davydov. In recent years, the company opened stores in areas that are released other retailers, such as "Peace" or "Arbat Prestige" he continues. "In 2011, the shortage of land will continue, so that the company does not represent aggressive plans - will be open 30-40 stores" - sums up the Davydov. Lack of new retail space and noticed the network's "Eldorado". The company was forced to adjust plans to open in Moscow, St. Petersburg and other cities after reviewing their requirements for quality and placement of facilities, said Vice President of Public Relations "El Dorado" Paul Oliyanchuk. "The lion's share of retailers will wait until the development projects do not rise, because they themselves are not engaged in construction - it is not their core business. For the big players who can independently purchase land and build their own projects will be the salvation, "- said Burlov. "Magnet", the largest number of stores the Russian grocery retailer, and is going to act. "Hypermarkets we mainly build for yourself, now 51, only four are located on leased sites" - the director of investor relations, "Magnet" Oleg Goncharov. This year, he said, the retailer intends to double the number of hypermarkets, discount stores to open about 800, and four distribution centers, spending on them for a total of about $ 1.5 billion in the first half of 2010, "Magnet" spent on rent of $ 120 million, or 22.6% of the total core costs of the company. X5 Retail Group has over the same period - 16.6%, or $ 171.3 million, Auchan, much of which opens a shop in rented space, also willing to build supermarkets and even myself to buy buildings in the competition. Representative network of Maria Kurnosova said that the company "is considering all possibilities." She agrees that the "quality retail site for the super-and hypermarkets in 2011-2012. It would be difficult to find, due to the fact that the crisis of 2008-2009. slowed the pace of development of commercial real estate. " Petersburg network, "Okay," which last year attracted more than $ 170 million in IPO, plans to spend on expansion in 2011, about 3.5 billion rubles. and open 11 hypermarkets and 15 supermarkets, told "Vedomosti" representative, "Okay." And the significant part of new hypermarkets - up to seven locations - will run on rented premises, an analyst wrote in a review of VTB Maria Kolbin.

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