Russia in figures

Sponda’s Russia business unit leases, manages and develops business premises in Russia for use by companies and organisations. Sponda owns two office properties, a shopping centre, a logistics property and two land areas, all in the Moscow and St. Petersburg regions. In line with its strategy, Sponda plans to divest its Russian operations within the next 1–3 years.

Key figures, Russia          
  2015 2014 2013 2012 2011
Total revenue, M€ 16.9 22.2 28.6 28.7 25.1
Operating expenses, M€ -4.0 -6.4 -6.8 -6.5 -6.1
Net operating income, M€ 12.8 15.8 21.8 22.2 18.9
Fair value of properties,  M€ 150.7 224.4 247.8 269.4 224.6
EPRA, Net Initial Yield, % 5.8 6.0 8.0 9.2 9.8