The office market is at the forefront of rising demand in the commercial real estate market in Minsk. Colliers International has predicted the office supply in the capital of Belarus will triple in 2008 -2009, bringing total office space from 92,200 m[sup]2[/sup] to 325,350 m[sup]2[/sup]. At the end of 2007 only two Class A business centres were in operation in the market. The vacancy rate in the city is almost zero.
As Ares completed a €325 mln French logistics acquisition from Blackstone, another French portfolio came onto the market.
