A man walks by a Russian stand at the international market for retail real estate (Mapic), 15 November 2007 at the Palais des Festivals in Cannes, south eastern France.
Ukraine is 13th of 20 countries with the strongest momentum in terms of consumer, retailer, developer and investor activity, reads a press release of Jones Lang LaSalle (JLL), referring to its Retail Real Estate Momentum Index.
The report says that China took the top spot in the index, while India was second and Indonesia third. Russia is ninth.
The director for Europe, Russia and the CIS and head of the retail space department at Jones Lang LaSalle, Maxim Karbasnikoff, said that by 2020 Russia and Turkey would become the largest retail real estate markets in Europe in terms of high-quality real estate, and 10-15% of investment in the sector in the region will be made in the two countries.
According to the press release, the annual global volume of deals with retail property by 2020 could reach $180 billion thanks to a rise in foreign investment by 50%.
The company said that around 25% of investment by 2020 would be made in emerging markets, including Russia, Turkey and Ukraine, while at present their share of total deals with retail property is less than 10%. The developed markets will loose their positions: investment will drop from today's 83% to 60%.
Jones Lang LaSalle is a financial and professional services firm specializing in real estate services and investment management. It has over 200 representative offices in more than 1,000 locations in 70 countries. Its turnover in 2010 was $2.9 billion.
Its portfolio includes around 195 million square meters of property all over the world.
The LaSalle Investment Management division manages assets worth over $47 billion.
In Russia and the CIS Jones Lang LaSalle has offices in Moscow, St. Petersburg and Kyiv.