This number was given by Lada Belaichuk, Director of the Research Department, Cushman & Wakefield. Total planned area of new commercial real estate projects in Russia will slightly exceed 3 millions of square meters. Now there are 110 shopping and office centers under construction in the country. However, experts forecast that only half of them will be commissioned in the stipulated period and that is 1.6 million of square meters.

The Head of the Department of physical culture and sport Aleksey Vorobiev informed about financial costs required for preparation of the Football World Cup 2018. First, the officials estimated 85 bln then they removed extra and stopped at the cost of the event totaling 71 bln Rubles. Under the rules, 56 bln of this amount shall be found in the budget of Moscow. The major part of this money, certainly, will go for reconstruction and construction of sport and infrastructure facilities.

In 2014, the capital is getting a record number of new shopping malls.

The Government discusses ways to increase the quality of projects under construction and responsibilities for it. On March 4, The Committee for quality and safety of construction had a meeting in the residence of the authorized representative of the Russian President in the NWAD.

The issue of energy saving and minimization of costs for its processing arose in front of the humankind sharply during last years. This topic concerns the construction industry directly.

In 2015, 55 new constructions will be paid from the budget. Besides, the Moscow administration is to provide all developers with some tax concessions. The developers planning to arrange access roads to their construction sites will be free from taxes on money they spend on these roads. This law is almost prepared by the capital’s mayor office.

In 2014, the capital shall get only 600 000 square meters of offices. That is 150 000 less than in previous year. Office lease and purchase rates decreased noticeably. A bit more than one and a half million of square meters – this number is 17% less than the sale level of 2012.

Speed of construction in new territories joint to Moscow will not reduce. Moreover, the Moscow authorities are to deliver commercial real estate and social projects. The head of the Department of development of new territories Vladimir Zhidkin explains that it is required in view to create so-called extra new working places.