Abdo Romeo: Non-residential Commercial Real Estate in Minsk

Abdo Romeo: Non-residential Commercial Real Estate in Minsk

All areas of society are undergoing significant changes, especially business and shopping in Minsk – the data for the last 20 years confirms this fact. Landlords in the commercial real estate market have to try hard to adjust to the expectations of interested customers, but they are doing so quite successfully. The modernisation and refinement of the premises ensures that visitors remain as satisfied as possible with the shopping and entertainment experience.

From this article you will learn what changes in the Belarusian economy over the past decades have dramatically affected the expansion of the domestic market in the nation’s capital, Minsk. And the personal experience of flexible and enterprising businessman Abdo Romeo Abdo, who owns BNK Estate, will prove that the commercial property market in Belarus is still profitable in terms of foreign investment and investment.

Recent changes in the economy of Belarus

  1. The developing economy is now focused on creating new trade links with countries in Europe, West Asia, Great Britain and Scandinavia.
  2. Regulation of the flow of FDI has brought Belarus to a new level: now more than 75% of all investments are now in the EU and EAEU countries, especially the UK and China.
  3. The emergence of the High Tech Park in Minsk is living proof that Belarus’ economy is moving from traditional manufacturing to the stage of finance and high technology.
  4. All these and many other factors contribute to the increase in demand for large business centers and office space. At the same time the need to build retail outlets and entertainment complexes increases.

Considering all these facts, we can conclude that the commercial real estate market in Belarus is completely ready for further changes and transformations.

A brief history of the BNK Estate company

Romeo Abdo’s roots lie in the beautiful country of Lebanon. However, he was educated in Belarus, at Minsk State Linguistic University, where he successfully enrolled in the last decade of the last century. Since then, he has found himself in the field of non-residential construction, including business centers and entertainment venues. His buildings are a success throughout the commercial real estate market in Belarus.

For example, one of his latest projects is a new bus terminal in Minsk equipped with the latest technology. The rave reviews come from both local companies and international corporations. The whole secret is that the company BNK Estate provides a wide range of services, which ensures maximum quality of work. Many examples testify to this.

Data on the development of Belarus

Minsk is a city with a population of more than 20% of the total population of the country. It is by right the economic center of the state, as Minsk has a decisive influence on the country’s GDP and the federal budget.

To keep the unemployment rate from growing (it is currently at a maximum of 6%), the city authorities continue to develop the infrastructure and expand the domestic market. Thus, virtually every resident of Minsk is employed and has the means to live.

It is also reasonable to note that only a quarter of all of Minsk’s GRP comes from manufacturing, while the rest comes from information technology, transportation and construction. Should we then be surprised at the increase in demand for new business centers? Not at all! This should also include as much as a third of the GRP, which is accounted for by various sales.

Woodworking in Belarus

The main sectors of the Belarusian industry have been woodworking and production of construction materials for many years. Belarus is distinguished by quality production and maintaining quality at low purchase price, so Belarusian products are very much appreciated in foreign markets, and the demand for them continues to increase.

For example, revenues from the export of wood products amount to more than half a billion dollars annually. 40% of the concrete and building materials produced, namely 2 billion tons, is successfully exported to other countries each year.

Be that as it may, the development of the country does not stand still, and even more brilliant results should be expected in the future. And this means that foreign investments will always find their way into sectors of the economy and will pay off in the long run.

Silver Tower as a leader in commercial real estate in Belarus

The Silver Tower business center, which has been operating since 2009, can be considered the undisputed leader of the Belarusian commercial real estate market. Here you can find a wide range of services, as well as all conditions for the development of office business.

There are 17 floors in the building, and each floor is under the watchful eye of BNK Estate management. It makes the necessary changes and improves the conditions in time, so that the numerous companies and enterprises whose offices are located here feel comfortable.

The best Belarusian shopping center Galileo

In the Galileo shopping center you can find restaurants, stores and entertainment programs – everything that befits a real shopping and entertainment complex. It is no accident that it was placed almost in the center of Minsk, because there is something interesting for every resident and guest of the country. That’s why it is called the favorite place of every citizen of Minsk!

In 2015, Galileo also won the award for best shopping center in Minsk. This is possible thanks to several factors, including top-notch service, convenient geographical location, and even an indoor parking lot for 500 spaces. Thanks to the efforts of BNK Estate, the building is constantly being improved and includes more and more innovations, which make the complex as comfortable as possible for all visitors.

Of course this is not an exhaustive list, but here are just a few projects which BNK Estate will complete in the near future:

  1. The Shop-in-shop space is 2,500 square meters, which will accommodate the best work of international designers and brands.
  2. A modern cinema, which will incorporate avant-garde and nouveau styles, as well as interior design by Chapman Taylor. It is equipped with comfortable Italian furniture, Dolby Atmos technology and wide LED screens, which puts it on a par with cinemas of London, Madrid, Dubai and Hamburg.
  3. Fusion space, which is gaining popularity all over the world and will be the first place in Belarus to bring together cuisines from all over the world. Various food-courts and farm stands will be able to prepare both the simplest dish and a culinary masterpiece – everything depends on the client’s wish. There are no secrets here either, so if a visitor shows a desire to cook according to the same recipes, he has the opportunity to sign up for cooking courses that will teach him the finer points of international cuisine.

Conclusion

Ironically, the demand for a variety of goods and entertainment, as well as more expensive brands and luxury goods, is in direct correlation with the development of public and urban infrastructure, as well as the establishment and expansion of domestic markets. Foreign investment in this case finds profitable application in the construction of new hotels, business, shopping and entertainment centers and other establishments.

Both the Belarusian commercial real estate market and Abdo Romeo Abdo’s successful ventures in the BNK Estate to promote entertainment facilities continue to develop side by side and reach new levels.

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