Russian Real Estate Again Attracts Foreign Investors

Foreign investors may  totally increase their investments in the Russian commercial real estate in 2010 compared with the crisis last year: they reinforce the optimism of the first signs of market growth, along with expectedly high yield investments, told Reuters in an interview the managing director and founder of boutique investment Quantum Potes SA Timothy Fenwick. 

 "The volume of foreign investments in commercial real estate of Russia this year may reach $ 2 billion or even higher. According to our expectations, foreign investors will make a four or five major deals in commercial real estate and another couple - the acquisition of shopping centers," - said Fenwick, with his assistance in the past few years international investors have invested more than $ 4 billion in real estate in Russia and Ukraine. 

Positive investment expectations for 2010 shares an international property consultant Jones Lang LaSalle: according to his projections, the total investment, including both Russian and foreign investors in office and retail property in Russia this year will be $ 4 billion.

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