You searched for "warehouses" (2 results found)

Russian Retailers Buy Warehouses as Online Shopping Grows Rapidly

  • 27 Mar 10:29

The growing market for online trade and sales of essential goods stemming from excessive demand has compelled some market participants to look for warehouse space,Kommersantwrites. Against this backdrop, their absorption rate in the Moscow Region grew by 60% in the first quarter of this year, according to the business newspaper. Konstantin Fomichenko, director of the Industrial and Warehouse Department at real estate consultancyKnight Frank, explains that the growing demand for warehouses is ensured by retailers who are actively searching for premises or logistics operators. “Networks are trying to build up stocks of goods and simultaneously lock in. Read more...

Moscow Mayor Sobyanin Asserts Russians ‘There is Enough Food in Markets’

  • 23 Mar 10:48

There are no problems with food in Moscow, there are enough products in the warehouses, Moscow Mayor Sergei Sobyanin said on Sunday on Rossiya-1 television channel, as reported byRIA Novosti. “There is enough food in the warehouses, so there is no problem. There is increased demand, people stock up for future use. Someone leaves for the cottage, according to the decisions, they are in-home quarantine. Therefore, such people made a reserve,” Sobyanin said. The mayor noted that today it is clear that in the whole country, demand. Read more...