Sberbank not negotiate lower fees, terminate lease agreements 177 offices in major Russian cities. This unusual step for the current crisis times: on the one hand, the level of free space in the segment of street retail is growing and banks to choose from, on the other – most landlords are willing to make concessions.
Sberbank has decided to terminate leases on 177 bank offices throughout Russia – in large cities with a population of over 100 thousand. man. “The decision to terminate the contracts made on the projects, which in connection with the failed agreement to reduce rents preservation offices found ineffective,” – said in a statement.
The Bank has been working on the revision of rates for all leases, waiting for reduced fees in an average of 20%, told “Gazeta.ru” the press service of the bank.
«In the event of failure of the landlord to reduce rent rates the bank is considering the possibility of termination of the lease mainly by moving the office to another office service bank with a view to enlargement, as well as moving into other areas corresponding to market conditions and demanding rent minimum cost of their renovations, “- explained in the press-service.
According to the decision to terminate the lease agreements made individually for each object after the evaluation of alternatives in terms of efficiency.
The banking sector for several years been one of the key players in the segment of street retail, public catering along with forming a significant share of the demand for outdoor spaces. However, the rapid development of the banking crisis of the retail network to a halt.
At the end of last year recorded a significant decline: the share of the banking sector in the total requests for retail space in the segment of street retail for the year amounted to only 2 , 6%, compared to 7.5% in 2013 and 9.1% in 2012, according to the consulting company in the field of commercial real estate “Shop stores.”
There is a growing and the overall level of vacancy premises in the shopping streets. According to the international consulting company Colliers International, in the I quarter on the main shopping streets of Moscow to road traffic area vacancy reached 5-20% of the total supply, with some streets for the year, this figure increased by 2 times. In turn, one of the main factors that contributed to the release to the market a large number of vacant premises – this is just a mass withdrawal of licenses from banks, noted in an international consulting company Cushman & amp; Wakefield.
According to the head direction of street retail “stores Shop” Marina Markova, some remaining unlicensed banks, such as “Master Bank” and “Shipbuilding Bank,” had a large network and a good performance on the premises, which are liquid and are considered potential tenants.
Rotation of the tenants – one of the major trends in the market amid growing supply and, as a consequence, reduce rental rates. The market is in the stage of negotiations and those landlords who do not make concessions to lose tenants, experts say.
For Rent in Tverskaya Street, where the vacancy rate is almost 12%, the rental rates up now about $ 1-3.5 thousand. per sq m per year. A year ago, up from $ 2.5-6 thousand. Per sq m per year, according to the Colliers International.
According to the DNA Realty, ruble rates decreased on average by 10-20%. In a prestigious location, next to the metro station, the room on the first floor of residential buildings, ranging from 80 to 150 square meters can be removed for 70-130 rubles per sq.m. in year. In the field, suitable for banks area can be rented at a rate of 45-80 thousand rubles for a “square” in the year. According to managing partner Anton White, landlords are willing to lower rates by 7-10% on the premises in good locations, and 20-30% for the rest.
Experts note that banks seek by all means keep the branch network not only in the capital but also in the regions, and landlords enter into a dialogue with the tenants and are willing to make concessions. Therefore, the case with the Savings Bank – atypical. According to the company “Magazin”, even in a crisis, only 9% of banks plan to reduce the number of offices.
According to the latest report of the International Monetary Fund (at the end of 2013), evaluating the degree of public access to the services of the world financial institutions (Financial Access Survey), Russia ranks 22 in the world, behind France and ahead of the United States. According to a study in Russia per 100 thousand. Adults account for 38 offices.
«In Moscow figure was higher than nationwide – 51 room for 100 thousand. Adult residents. However, capital has not become a leader among the millionaire – Ufa, Chelyabinsk, Yekaterinburg and Kazan boast more advanced networks of bank branches, which, in our opinion, due to the high level of competition between local and federal banks in these cities, “- said Marina Markova.
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