http://aaa-finance.net Guide to Commercial Real Estate in Russia Tue, 22 Apr 2008 18:46:52 +0000 http://backend.userland.com/rss092 en Given the stable shortage of quality office space, construction of large business centers in the Urals is accelerating. Fault-finding tenants do not only lay claims on the location and comfort of office facilities; they also seek quality telecommunications. At the stage of building design large developers face a dilemma: creating ... http://aaa-finance.net/tangled-in-providers%e2%80%99-wires.htm The conference IT Telecommunications in Real Estate Development and Management was organized by IM Events and took place in St. Petersburg in mid-October. Its main theme was interaction between building owners, management companies, and telecom market operators. The participants came to the conclusion that, no matter which way of dealing ... http://aaa-finance.net/business-center-on-the-line.htm Retail centers are one of the biggest users of telecommunications services. Thanks to a diversity of tenants and current market dynamics, the needs of retail properties for high-quality telecommunication systems are no less than those of business centers. http://aaa-finance.net/telecommunication-in-retail-centers.htm In the dim and distant past, company offices exchanged messages by employing couriers on horseback making their way across treacherous terrain. In the twenty first century the pace of business has changed beyond recognition. Nowadays vital information is exchanged securely in seconds between offices located on different continents. VPNs (virtual ... http://aaa-finance.net/e-speak-%e2%80%93-connecting-up-offices-in-the-digital-age.htm The Russian IToutsourcing market is growing by 60%70% per year, and according to experts, the monetary volume on the IToutsourcing market will reach one billion dollars by 2009. However, according to specialists, the majority of players in this market segment offer lowquality services. Moreover, Russia’s traditional distrust of outsiders affects ... http://aaa-finance.net/otherworldly-connections.htm According to specialists, the share of the local telecommunications provider market in Russia is not more than one to two percent and is shrinking each year. Nevertheless, several building owners and developers continue to set up their own “pocket” operators, as they do not wish to miss out on the ... http://aaa-finance.net/pocket-sized-telecoms.htm A modern logistics center is comprised of two sections – a warehouse and offices. For the majority of companies, a warehouse is a remote object; therefore, the high-speed transmission of data between the head office and the warehouse is important. However, the high cost of installing telecommunications on the warehouse ... http://aaa-finance.net/the-web-in-warehouses.htm Extensive IT implementation in the commercial real estate market has led office tenants to become evermore demanding. The standard telecoms services package moves with the times and adds new services. However, given the deficit of highquality premises developers and owners are prepared to lose tenants in order to maintain their ... http://aaa-finance.net/silence-on-the-office-airwaves.htm At the moment IT communications systems are increasingly influential on the business of office building tenants. This means that tenants are making ever more stringent demands on the telecommunications aspect of business centers, which is becoming one of the main competitive advantages when choosing a business center. The telecommunications equipment, ... http://aaa-finance.net/hardware-games.htm In the Moscow market for telecommunications services for commercial real estate competition is steep. In today’s market with a sharp shortfall in high quality office areas it is generally tenants who are losing out in the balance between developers, operators and tenants. However, market experts are convinced that the key ... http://aaa-finance.net/good-connections.htm For the fourth year now the Wi-Fi race has been unfolding in the economically developed countries of North America, Europe and South East Asia. New wireless Internet zones are appearing in these regions on an almost daily basis. Since these zones are based on technology of the local wireless network ... http://aaa-finance.net/battle-of-wireless-telephony-begins.htm Mutual investment funds are gaining popularity as a financial instrument on the commercial real estate market. Developers point out that of closed real estate MIFs they may save up to 25% on investment outlay by using the mechanism. In turn, regular mutual fund shareholders can count on a yield of ... http://aaa-finance.net/three-paying-letters.htm Many of the trends that we have observed over the past 20 years on the Asia-Pacific real estate market are now being repeated in Russia. The scenarios for development of real estate in Korea, Singapore, and China have a great deal in common, but there are still constrasts to be ... http://aaa-finance.net/russian-and-the-asia-pacific-region-developing-markets.htm When investing in commercial properties in St. Petersburg and the Northwest, Western and Russian companies expect a yield of around 8-10% per annum. In the opinion of financial consultants, the office space market is most dynamic, followed by the industrial and retail segments. http://aaa-finance.net/money-on-interest.htm When discussing an IPO, many people mistakenly believe that the value of a company’s shares depends exclusively on said company’s financial indices. Indeed, these same people neglect to consider that each shareholder is first and foremost a person to whom an approach should be found. Moreover, the skill of properly ... http://aaa-finance.net/commerce-via-ipo.htm The booming regional markets are causing developers of commercial properties to weigh the attractiveness of a particular place for investors more carefully. This article will recount the initial estimation procedure used to assess the potential of any city in terms of investment attraction and to describe primary development criteria. http://aaa-finance.net/the-appeal-of-russian-cities-to-investors-general-criteria.htm It’s a common occurrence for developers to obtain land, receive planning permissions and start on preliminary and even construction work before thinking seriously about financing. As a result we often come across interesting and once promising projects that have now become long-term endeavors due to the negligence of developers who didn’t ... http://aaa-finance.net/financing-real-estate-development-projects-2.htm Ten years ago, few would have imagined that Russia would become the focus of international real estate investment. Today there is little doubt that Russia has made a qualitative leap forward, securing a place among the world’s leading markets. Over the last five years Russia has made a steady climb upwards. ... http://aaa-finance.net/better-and-better-a-year-in-review-and-a-look-ahead.htm In our previous column we listed the main types of financing for development projects: direct financing, obtaining funds on the open market and bank loans. This time we will examine one of these options in more detail – bank loans. However, instead of opting for the more conventional approach of ... http://aaa-finance.net/avoiding-loan-rejections.htm It’s a common occurrence for developers to obtain land, receive planning permission and start on preliminary and even construction work before thinking seriously about financing. As a result we often come across interesting and formerly promising projects that have now become longterm endeavors due to the negligence of developers who ... http://aaa-finance.net/financing-real-estate-development-projects.htm Credit consulting, one of commercial real estate’s consulting services, is recently coming to life in Russian under the name "credit brokerage" and is becoming evermore popular. The emergence of a new type of service is determined by the level of development of the financial and commercial real estate markets and, ... http://aaa-finance.net/brokers-find-the-money.htm Elsewhere in the world, re-financing is a common practice in commercial real estate, but in Russia it largely remains an alien phenomenon. While their western colleagues have long learned to take full advantage of this instrument, for Russian developers it is still uncommon. However, with the entry of large Western ... http://aaa-finance.net/refinancing-arrives.htm There are a range of specific problems which many companies come across when investing in property. In particular, a problem which teachers at the Property Investment Institute in Chicago (CCIM) call ‘informational inaccessibility’ of the market. Fairly often, specialists give contradictory information about the market. So, on what grounds can ... http://aaa-finance.net/the-analysis-of-indices.htm Diversity of methods of investing into real estate (purchasing completed real estate constructions for various purposes; purchasing of land lots for building and without the purpose of immediate building; purchasing title for real estate; investing into shares of the companies which own and manage real estate; investments into investment funds ... http://aaa-finance.net/important-investors%e2%80%99-mechanism.htm One of the most remarkable trends of the outgoing year has been business addressing the arts. This means not only traditional patronage and the attendance of trendy performances. After a long break, firms are underwriting the building of stages and concert halls in St. Petersburg. Some developers are even including ... http://aaa-finance.net/melodramatic-gestures.htm