Foreign Commercial Real Estate Companies
There is a growing number of firms in Russia where the management of commercial real property (sometimes foreign) is the main business. Companies managing several commercial facilities can be described as online (as in the case of trade operators) because they work under one trademark on their own design.
Whereas in the office sector the capital market is practically subtle between a number of large companies, mainly with foreign participation, trade real estate management is a field open to all.
In the regions, the entry of external network managers is only beginning, but professionals are confident that their time is not beyond the mountains.
External and internal
Internal and external network managers (UCs) differ. Internal KPC only serves its own facilities. This is because, according to Evgeny Sokolov, Director General BridgeHead Company, the majority of owners have only a certain internal structure that has full financial and administrative control. Therefore, according to Ros EuroDevelopment, only a small number of companies are now ready to transfer facilities to trust management.
For example, a group of time companies specializing in the development of commercial real property established their own CC to service the Park House shopping and recreation centres in the largest regional centres of Russia. This company, CAPEX, was established at the Capital Group Holding.
According to Alexander Sharapova, the President of the Bécar, it is appropriate to manage his real estate if the owner has more than 150,000 square metres. But then there's a choice to create their own CC or negotiate special conditions with market firms.