A socially oriented non-financial development institution and a major organizer of international conventions, congress, exhibitions, business, social and sporting, public, and cultural events.

The Roscongress Foundation is a socially oriented non-financial development institution and a major organizer of international conventions; exhibitions; and business, public, sporting, and cultural events. It was established in pursuance of a decision by the President of the Russian Federation.

The Foundation was established in 2007 with the aim of facilitating the development of Russia’s economic potential, promoting its national interests, and strengthening the country’s image. One of the roles of the Foundation is to comprehensively evaluate, analyse, and cover issues on the Russian and global economic agendas. It also offers administrative services, provides promotional support for business projects and attracting investment, and helps foster social entrepreneurship and charitable initiatives.

Each year, the Foundation’s events draw participants from 208 countries and territories, with more than 15,000 media representatives working on-site at Roscongress’ various venues. The Foundation benefits from analytical and professional expertise provided by 5000 people working in Russia and abroad. In addition, it works in close cooperation with 160 economic partners; industrialists’ and entrepreneurs’ unions; and financial, trade, and business associations from 75 countries worldwide.

The Roscongress Foundation has Telegram channels in Russian (t.me/Roscongress), English (t.me/RoscongressDirect), and Spanish (t.me/RoscongressEsp). Official website and Information and Analytical System of the Roscongress Foundation: roscongress.org.

RC personal account
Восстановление пароля
Введите адрес электронной почты или телефон, указанные при регистрации. Вам будет отправлена инструкция по восстановлению пароля.
Некорректный формат электронной почты или телефона
News
23.09.2019

13th International Real Estate Investment Forum PROESTATE 2019 Summarized

13th International Real Estate Investment Forum PROESTATE 2019 Summarized

18–20 September Moscow hosted International Real Estate Investment Forum PROESTATE, Eastern and Central Europe’s largest event. This year, 2,922 people from 16 different countries paid it a visit together with governmental delegations of Austria, Turkey, and 20 regions of Russia.

40% of the participants came from construction and development backgrounds. 14% represented government, property management representatives as well as finance and investment each accounted for 11%, 9% came from consulting, while engineering together with architecture and design each sent 4%. Retailers and hotel operators accounted for 2%, so did the participants from different backgrounds. 58% of participants were senior managers, 37% were division heads, and 5% were midlevel managers and experts.

For the third year in a row, the Republic of Turkey became a partner country of PROESTATE. Prof. Dr. Mehmet Emin Birpinar, Ministry of Environment and Urbanization of Turkey delivered his opening remarks. Later on, the participants have been invited to enjoy a cocktail reception, where future cooperation between the two countries and mutual investments have been further discussed.

The key event of the Forum — the plenary session titled ‘Housing and urban environment: on the way to strategic goals’ — gathered top players in the construction and real estate markets. They discussed a variety of topics, such as sustainable development of the construction industry, Russian Housing and Utilities sector, and ‘Housing and Urban Environment’ national project. Vladimir Yakushev, Minister of Construction of the Russian Federation took part in the discussion. International experience on renewal of the housing sector has been shared by Bernhard Jarolim, Group Director of Building research, building regulations, engineering services, standards City of Vienna.

Traditional PRO DEVELOPMENT business breakfast covered the topic ‘Construction of federal scale. Frontrunner regions of urban development.’ According to the Ilya Volodko, CEO of MACON, who moderated the discussion, the list that excludes Moscow and St. Petersburg is topped by Sochi. The top five also includes Kazan, Nizhny Novgorod, Krasnodar, and Tumen. «Generally speaking, Russian regional development market remains localized: 48% in terms of square meters is covered by regional players, 29% of all areas by developers from the capitals and chains can claim 23 remaining percent. However, lately the market does witness the coming of the federal-regional developer class,» said the expert.

PROESTATE hosted multiple events dedicated to various segments of the real estate industry. Storage industry has been discussed at ‘PROwarehouses of Russia.’ A growing number of customers looking to cut logistics expenses look for warehouses inside the Moscow Ring Road. «Nearly 150,000 square meters of warehouse space will be commissioned in Moscow every year now. The market will grow 6 times bigger,» said Evgeniy Numerov, Managing Partner at Skladman USG, who moderated the discussion.

Given the deficit and land plot prices the experts saw a positive development trend in multilevel storage facilities. «Classic warehouses do not work in the city. Multiformats are required, such as combined usage of facilities,» says Yaroslav Darusenkov, Head of Consulting at Skladman Group.

Over thirty discussions and seminars took place on the first day. The sessions have been complimented by networking at the exhibition. Forum participants have had a chance to appreciate the Ministry of Construction stand, the interactive stand of the Moscow Government, take a look at cutting-edge technologies in construction and management, and discover what is in store for the industry in the upcoming season.

PROESTATE Media Awards 2019 gathered the brightest representatives of the industrial media community that covers the real estate market. Across various nominations, the professional jury awarded 17 people.

Another event of utmost importance was the Expanded meeting of the Commission of the Russian Union of Industrialists and Entrepreneurs for Construction and Housing Policy. Nikita Stasishin, Deputy Minister of Construction of the Russian Federation spoke about reforming the housing and utility financing. The topic was further developed by Maxim Berlovich, CEO of EtalonStroi who said: «The state has facilitated the switch, which I think is a perfect example of positive legislative initiatives.» The expert believes that for the customer, the switch was a seamless experience altogether. «The statistic tells that no more than 15% of customers are interested in project financing; they are primarily focused on pricing and location,» concluded Mr. Belovich.

Furthermore, project financing has been discussed at the expert panel titled ‘Two five-year spans: what impacted the market after the liquidity crisis and what to be prepared for’. Svetlana Fonareva, Partner, Head of Real Estate and Construction, KPMG Russia, said: «Many developers found the switch to project financing truly shocking. However, the newly introduced third party — the banks — takes on certain risks as well, despite escrow accounts and individual’s deposits. This can lead to potential entrance complications for new developers. Most of construction right now is still happening old-style, so the adequate result of escrow accounts will only be evident in about a year.»

At the panel discussion titled ‘Urbania diagnosis: Interchange hubs, Instagram-tourism and other points of growth in the city’ Vitaliy Luts, Head of Prospective Projects Department at Genplan Institute of Moscow shared the recipe to form a comfortable urban environment. Globalization today propels high standards of life and comfort, yet washes away century-old local cultures. «We need to form natural boundaries and defend them. These are recreation areas and sporting grounds with cafes, green zones, playgrounds, and architectural landscapes. They turn into gravity points for both locals and tourists,» said Mr. Luts.

Investor’s Club discussion organized with Moscow Investor Association brought together local and global industry experts who noted structural changes and new tendencies. Tom Bothen of One Chicago Commercial spoke about the foreign market: «Choosing where to invest, you need to understand the specifics and the way that this is going to work in a few years’ time. For instance, in the United States the real estate market is on the rise. However, the main consumers are millennials who rent expensive real estate without buying it. With that in mind, we can forecast that in a few years developers may have problems selling new apartments.»

In addition to the business programme, the Forum hosted the Young Architect award. The jury named the best of the best for the 11th time. Dozens of young architects presented new urban and architectural projects that shape comfortable city environment. The jury awarded 13 people across different nominations.

Speaking of awards, PROESTATE&TOBY AWARDS 2019 must be mentioned. The ceremony closed the evening. The award covered all segments of the market and identified the golden standard for the industry. Professional jury chose leaders in all real estate segments and identified the winners in such categories as «Developer of the Year», «Managing Company of the Year», «Consultant of the Year», and «Person of the Year».

The Forum wrapped up with traditional property tours covering all market segments: retail, residential, office properties, warehouses, co-working spaces, high-rises, and premium real estate. The total of 7 tours took participants to the projects that illustrate main market trends and development strategies.

Event organizers: Roscongress Foundation, a socially oriented non-financial development institution and a major organizer of international conventions, exhibitions, public events, and PROEstate Events professional event organizer for real estate companies and government agencies, official partner of the Russian Guild of Property Managers and Developers.

Partners:

Strategic partner — А101 Group.

Partner of the PROESTATE 2019 plenary section — MosEngineerProject. Experts: Inteko, Colliers. Marketing Expert — Network Communications

Conference partners: Etalon Group, VEGAS LEX, GR PROJECT GROUP, Becar Asset Management, Galerie 46, SA MEDIA GROUP.

Partners: Cushman & Wakefield, AECOM, LafargeHolcim Russia, Triple+, Etazhi Consulting, ODIN, Pro.rent, EST Group, People Touch, INSIDE, IDAPROJECT, KLUCH, Promobot, SKLADMAN USG, Intelar.

Analytics on the topic