Total investment in Russia grows in 2016
The total investment volume in Russia reached $4.17 billion in 2016, 40 percent higher than the result for 2015, according to Colliers International’s year-end review 2016 report.
Investment activity during fourth quarter 2016, $657 million, was lower compared than activity in fourth quarter 2015, $919 million.
On the back of a gradual improvement in the key macroeconomic indicators and a strengthening of the national currency, the investment market is becoming more attractive, notes Colliers.
The office segment remains dominant in terms of investment transaction volumes, comprising 72 percent of the total volume registered in 2016. The largest closed deals were for the purchase of office buildings or office space for owner occupation, for example, the Evolution Tower sale; or debt transactions with asset transfer to a bank as loan security. President Plaza and Eurasia Tower are examples of recent deals of this kind; Sberbank and VTB will locate their offices