Jan–May investment in Russia commercial estate rises to 128 bln rbl

MOSCOW, Jun 20 (PRIME) -- The combined investment in Russian commercial estate rise to 128 billion rubles in January–May from 110 billion rubles in January–June 2021, consulting company Knight Frank Russia said in a statement on Monday.

The record result of January–March 2022 of 101.8 billion rubles played a significant part in that, while in April–May, investment amounted only to 25.4 billion rubles, which is still higher than in April–June of 2016 and 2018.

Given the current dynamics, investment in April–June 2022 should outperform April–June 2020, the company said.

The share of foreign investment amounted only to 2% in April–May.

(56.7101 rubles – U.S. $1)

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