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Foreign investments in Russia’s commercial real estate soar fourfold

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Foreign investments in Russia’s commercial real estate soar fourfold

The share of foreign investment in Russian commercial real estate reached 22% ($700 million) in the first quarter of 2017, having increased four times compared to the same period last, as it follows from the report by CBRE consulting company.

“Nearly half (47%) of the volume of investments fell in the retail sector, what shows the beginning of the conversion of investors' interest in retail properties into the transactions. At that, 19% of the capital was invested in the sites for housing, 16% in offices, 17% in hotels”, — the document reads.

In 2017, the volume of investments may exceed the result of the year 2016 and reach about $5 billion, the report said.

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