On June 4th Evgeny Bantukov, Chief Financial Officer of Kama Capital, took part in the Real Estate discussion panel,organized by the Kommersant Publishing House at the Media House as part of the St. Petersburg International Economic Forum.
During the discussion, participants addressed the current state of the commercial real estate market, investment activity, promising market segments, and the factors that determine asset attractiveness in a high-cost-of-capital environment.
Speaking at the session, Evgeny Bantukov noted that today it is particularly important for investors to conduct a comprehensive assessment of acquired properties, paying attention not only to their current financial performance but also to their potential for further growth. Among the key parameters – he singled out location, transport accessibility, the technical condition of the property, the scope of required capital expenditures, vacancy rates, and the quality of the rental income flow.
The CFO of Kama Capital paid special attention to the retail real estate segment, which continues to transform in response to changing consumer behavior.According to Evgeny Bantukov, modern shopping centers need to rethink their role in visitors' lives. "Today we live in an era of an epidemic of loneliness. People need spaces for communication, shared leisure, and new experiences. Therefore, shopping centers must now compete not only for a visitor's purchase, but for their time. The winners will be those properties that can offer a quality user experience and become a place of attraction for people," – noted Evgeny Bantukov.