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Moscow

Rapid transport projects will fundamentally change the Moscow transport system and will provide a new impulse to the development of commercial real estate

Jones Lang LaSalle issues a report on the development of rapid transport in Moscow


Moscow, 19 October 2009 – Jones Lang LaSalle has released a report on rapid transport projects in Moscow.

Transport infrastructure is vital for the development of commercial real estate. Historically construction of office and retail complexes in Moscow followed transport development. Currently the transport system of the Russian capital lags behind that of developed cities in accessibility and integration of different transport modes. However, there are projects that will fundamentally change the Moscow transport system in the near future. These projects can be viewed as “the three whales” holding the renovated transport system on their backs.

The metro remains the main mode of transport in Moscow. Its development will solve the following two main transport problems of the Russian capital. It will increase the accessibility of areas where rapid transport is currently lacking. It will also optimize current passenger flows and reduce the load on transfer stations.

The second “whale” which will become a basis for the Moscow transport system is the Moscow Ring Railroad. It will allow integrating the metro and the suburban rail into a single system, to increase accessibility of remote areas and to significantly reduce the load on existing transport nodes.
The third important transport project is the Rapid Transport System. It will connect Moscow City business district with the airports and will offer seamless transfer to the metro and the Moscow Ring Railroad via the Transport Terminal.

Vladimir Pantyushin, Head of Economic and Strategic Research Group at Jones Lang LaSalle, said: “I believe the three projects we consider in the report will be among the most effective infrastructure projects in Russia in the near future. Their implementation will create a highly integrated transport system, on a par with the most developed cities. This will significantly increase accessibility of remote areas, improve the speed and comfort of travel. New zones of business and retail activity will appear, providing a new impulse to the development of commercial real estate.”
 
 
 
About Jones Lang LaSalle
Jones Lang LaSalle (NYSE:JLL) is a financial and professional services firm specialising 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 2008 global revenue of $2.7 billion, Jones Lang LaSalle serves clients in 60 countries from 750 locations worldwide, including 180 corporate offices.  The firm is an industry leader in property and corporate facility management services, with a portfolio of approximately 1.3 billion square feet worldwide. LaSalle Investment Management, the company’s investment management business, is one of the world’s largest and most diverse in real estate with more than $36 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 and 2009 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 our Web site, http://www.joneslanglasalle.ru