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Transport developments hold the key to boosting commercial property in Moscow, report predicts

Historically construction of office and retail complexes in Moscow followed transport development and currently the transport system of the Russian capital lags behind that of developed cities in terms of accessibility and integration, says the report from international real estate consultants Jones Lang LaSalle.
However, there are projects that will fundamentally change the Moscow transport system in the near future.

These projects can be viewed as ‘the three whales’, the report says and they are holding the renovated transport system on their backs.

The metro remains the main mode of transport in Moscow. Its development will solve the two main transport problems in Moscow.

It will increase the accessibility of areas where rapid transport is currently lacking and it will also optimize current passenger flows and reduce the load on transfer stations.

The second key development is the Moscow ring railroad that will become a basis for the city’s transport system.

It will integrate metro and suburban rail into a single system and thus increase accessibility of remote areas and significantly reduce the load on existing transport nodes.

The third important transport project is the Rapid Transport System.

It will connect Moscow City business district with the airports and will offer seamless transfer to the metro and the Moscow Ring Railroad via the Transport Terminal.
‘I believe the three projects we consider in the report will be among the most effective infrastructure projects in Russia in the near future,’ said Vladimir Pantyushin, Head of Economic and Strategic Research Group at Jones Lang LaSalle.
‘Their implementation will create a highly integrated transport system, on a par with the most developed cities in the world.

This will significantly increase accessibility of remote areas, improve the speed and comfort of travel.

New zones of business and retail activity will appear, providing a new impulse to the development of commercial real estate,’ he added.