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Moscow: Retail developers begin to ride regional wave

Posted on 16 October 2012

Moscow-based retail property developers are showing more interest in building shopping malls in regional capitals as well as next-tier cities with populations of less than 1 million. That is in stark contrast to attitudes of just a few years ago, when investors listened to proposals to build in not-so-distant cities like Kaluga and Yaroslavl with skepticism.
“Is there life beyond the Moscow Ring Road?” they would ask, said Aleksander Obukhovsky, director for business development at Knight Frank real estate agency………………………………………..Full Article: Source

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