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The volume of new warehouse completions in Moscow Region in H1 2012 reached approximately 168,405 sq m
Moscow, July 23 2012 – The volume of new warehouse completions in Moscow Region in H1 2012 reached approximately 168,405 sq m, that is comparable with H1 2011 level (165,766 sq m). The majority of this total area was completed and set into operation in Q2, resulting in 125,000 sq m vs. 89,736 sq m in H1 2011 (39% growth). There were two key completions this half: MLP-Podolsk (80,000 sq m) and Vnukovo-Logistic (55,000 sq m).
Daria Bugaeva, Head of Capital Markets and Industrial Research, Jones Lang LaSalle, Russia and CIS, commented: ‘Indicators from the first quarters of the year are traditionally low. However, there are already several built-to-suit projects under construction, contributing to an expected year-end total of 780,000-800,000 sq m of space delivered. Compared to 2011 figures, this is more than a two-fold increase. At the same time developers deliver new projects to the market, that are expected to be completed and set into operation in the next year. We have observed for the last few months an active marketing of PNK-Chekhov II and LP Nikolskoe’.
About Jones Lang LaSalleJones Lang LaSalle (NYSE:JLL) is a financial and professional services firm specializing in real estate. The firm offers integrated services delivered by expert teams worldwide to clients seeking increased value by owning, occupying or investing in real estate. With 2011 global revenue of $3.6 billion, Jones Lang LaSalle serves clients in 70 countries from 1,000 locations worldwide, including 200 corporate offices. The firm is an industry leader in property and corporate facility management services, with a portfolio of approximately 195 million square meters worldwide. LaSalle Investment Management, the company’s investment management business, is one of the world’s largest and most diverse in real estate with $47.2 billion of assets under management.In Russia and CIS Jones Lang LaSalle have offices in Moscow, St. Petersburg, Kiev and Almaty. Jones Lang LaSalle, Russia was voted Consultant of the Year in 2004, 2006, 2007, 2008, 2009, 2010, 2011 and 2012 at the Commercial Real Estate Awards, Moscow and Consultant of the Year at the Commercial Real Estate Awards 2009, St. Petersburg.For further information, please visit www.joneslanglasalle.ru
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