Consul Group experts have prepared a review of commercial property deals in Moscow for January and February.
The first two months of 2024 have already been marked by large deals. The top three, each worth more than 6 billion roubles, were:
- the Gudzon shopping and entertainment centre on Kashirskoye Highway,
- part of the VTB office building on Myasnitskaya,
- an industrial site for residential development on Vereyskaya.
The last deal is being discussed especially actively in the news. On the industrial site acquired, that of the former Moscow Radio Engineering Plant, the plan is to build 510,909 sq m of real estate, of which 417,854 sq m is housing.
Overall, demand for office buildings remains high on the capital's commercial property market. Space in shopping and entertainment centres, meanwhile, is becoming less and less popular. In the near term, some shopping centres in the country will be forced to close or to change format.
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