Kiev hosted the 4th Ukrainian Real Estate and Construction Summit, organized by Adam Smith Conferences ( http://www.adamsmithconferences.com )
on February 15-17. Experts in the retail real estate and construction sector discussed new conditions influencing real estate developers, construction companies, landowners
and investors in Ukraine.
Participants in the conference noted that today Ukrainian retail real estate projects attract Russian or local capital, in the main. According to Alacor managing partner Alexander Shkarupa, investors also take an interest in sites for the warehouses that could bring the return amounting to 7-8%. However, most investors expect returns ranging between 20% and 100%.
The conference concluded that lack of transparency and red tape notwithstanding, things are not that bad after all as rent levels are now at par
with European ones and new retailers resumed expansion into Ukraine. Speaking at the summit, Mathieu De Bruin, CEO of Arricano commercial real estate,
pointed out that the relatively quick recovery for Ukraine is no coincidence since the fundamentals of the retail market are sound.
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