German bank HSH Nordbank said it expects investment volumes on the Russian real estate market to exceed $4.5 bn (EUR 3.2 bn) in 2007, up 42% on the $3.2 bn investment seen in 2006. The main growth has been on the office market, as well as in retail and logistics.
As Ares completed a €325 mln French logistics acquisition from Blackstone, another French portfolio came onto the market.
