The key interest of investors in the real estate area in Ukraine in 2013 will be focused on functioning shopping and office facilities, while in development retail property will be the most popular.
“It’s likely that in 2013 there will be moderate interest of investors in the Ukrainian commercial real state market: interest in functioning assets will be focused mainly on the retail and office segments, while interest in the development segment is still focused on projects in the retail segment,” reads a survey of the real estate market drawn up by Colliers International Consulting Company in Ukraine.
According to the document, the total size of investment in commercial real estate in Ukraine in 2012 came to some $600 million (investment deals, not taking into account the acquisition of assets for own needs and land purchases), which is the highest indicator in the past five years.
“Nevertheless, this absolutely does not mean that the investment attractiveness of the Ukrainian commercial real estate market has considerably improved. In particular, the sale of the Ocean Plaza shopping mall [$350 million] came to around 60% of the total investment transactions,” the company said.
Colliers International said that cap rates in 2012 were at the limit of expectations registered at the end of 2011, being 10.5-12.5% for the office and retail segments and 11.5-14% for the logistics segment.
The company’s experts predict that in 2013 cap rates would not change in Ukraine if there were no economic and political shocks.
Collіers Іnternatіonal is an international company providing services in the sphere of commercial real estate. It unites over 12,000 specialists, working in 520 offices in 62 countries.
The representative office of Collіers International in Ukraine was established in Kyiv in 1997.
