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Investment market

2025

Based on the 2025 results, the total investment volume in Russian real estate amounted to 1.056 trillion roubles, -20% YoY. The office segment led among asset classes for the second consecutive year, accounting for a 31% share. The largest deal of the year was closed in the retail segment: the acquisition of a stake in Malltech Holding by Balchug Capital. In 2026, the expected investment volume is 1 trillion roubles.

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Olga Shirokova
Partner, Regional Director of the Consulting and Analytics Department at NF GROUP
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Olga Shirokova
Partner, Regional Director of Consulting and Analytics Department
Moscow
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