Valentin Gavrilov and Russia

: That result was mainly due to a purchase by BIN Group, owned by the billionaire Gutseriyev family, of PNK-Chekhov, one of the largest industrial parks on the Russian market, Valentin Gavrilov, director of market research at CBRE Russia, told The Moscow Times, according to The Moscow Times. As well as investors, significant interest in warehouse property is being shown by retailers. Warehouse investments in Russia reached $250 million in the first eight months of the year, 10 times more than during 2014, according to a report by real estate firm CBRE issued last week. Their purchases in the first eight months of this year amounted to $280 million, which already exceeds the results of last year, according to CBRE report. With prices for logistics properties at historic lows, it is an excellent time to invest for businesses that have long-term plans to operate in Russia, Anton Alyabyev, director of the industrial and logistics department at СBRE Russia, said in the report. High activity on the warehouse market is apparently primarily driven by low prices. (news.financializer.com). As reported in the news.