The owner of Christian Dior, LVMH holding, will launch perfumery and cosmetic monobrand stores of the famous brand in Russia. A monobrand bet is an opportunity to offer more additional products and options. “Indeed, Christian Dior plans to develop a chain of cosmetics stores,” says Yegor Levchenko, director of the retail real estate department at ILM. “The company decided to focus on the development of a cosmetic retail, since cosmetics of even a high price segment can now be more in demand in Russia than luxury clothing,” he explains. More on RBC: https://www.rbc.ru/business/24/12/2018/5c1d035f9a79477685ec8281

Rostelecom's subsidiary, Central Telegraph, PJSC, closed a deal to sell an office building of 12,000 square meters between Nikitsky and Gazetny Lane. The amount of the transaction amounted to 2 billion rubles. From the message of the Central Telegraph it is known that the complex was bought by LLC “First”. It belongs to the family of the founder of one of the largest Siberian retailers - Maria-Ra, Alexander Rakshin. How LLC "First" is going to use the building is still unknown. ILM Managing Partner Andrei Lukashev added that at the moment there is a certain shortage of office real estate in the center of the capital of the Russian Federation. The second option is the redevelopment of the building under the service apartments: given the location of the building in the very center of Moscow, this option will be more economical. Read more: http://www.amic.ru/news/430296/

Business fears have come true - from 2019 the property tax rate will increase by almost a third. The rate of 2% will be applied, a representative of the Moscow Economic Policy and Development Department told Vedomosti. Most companies were expecting a rate hike, but less significant, and only budgeted 0.1–0.2 pp in the next year’s budget, says Margarita Trofimova, ILM Evaluation and Consulting Director. Source: https://www.vedomosti.ru/business/articles/2018/12/06/788544-stavka-naloga-uvelichitsya