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IKEA Reports 2010 Profit of EUR 2.69 Bln, Confirms Plans to Enter Croatia, Serbia
January 14, 2011, 10:01, (Property Xpress) - Swedish furniture giant IKEA today reported a net profit of EUR 2.69 bln for the 2010 financial year, against ...   read more
IKEA Reports 2010 Profit of EUR 2.69 Bln Driven by Sales Growth in China, Russia, Portugal
January 14, 2011, 10:00, (Property Xpress) - Swedish furniture giant IKEA today reported a net profit of EUR 2.69 bln for the 2010 financial year, against ...   read more
Heitman to Pour EUR 300 mln in CEE Assets
January 14, 2011, 9:19, (Property Xpress) - US-based investment fund Heitman plans to spend EUR 300 mln in CEE in 2010, to capitalize on the expected real ...   read more
Heitman to Pour EUR 300 mln in CEE Assets
January 14, 2011, 9:18, (Property Xpress) - US-based investment fund Heitman plans to spend EUR 300 mln in CEE in 2010, to capitalize on the expected real ...   read more
Mosmart Retail Chain Acquired for RUB 15 Bln
January 13, 2011, 17:03, (Property Xpress) - Alexander Zanadvorov, owner of the Seventh Continent retail chain, has agreed to acquire 100 pct of the shares ...   read more
Upground Estates to Complete EUR 340 mln Deal
January 13, 2011, 16:18, (Property Xpress) - Real estate developer Upground Estates, controlled by British and Greek businessmen, will complete its ...   read more
Developer Unfreezes Sofia Shopping Mall Project
January 13, 2011, 14:55, (Property Xpress) - A shopping and entertainment center project in the Bulgarian capital, firstly announced in 2006, has recently ...   read more
Renova StroyGroup Starts Housing Construction in Shchelkovo
January 13, 2011, 14:16, (Property Xpress) - Renova StroyGroup has begun construction of two apartment buildings, part of the second stage of its ...   read more
Furniture Retailer Eyes Serbia, Romania
January 13, 2011, 13:43, (Property Xpress) - A leading European furniture retail group is eyeing the markets of CEE, including Romania and Serbia. This was ...   read more
Lenta Sales Surge 27 Pct in 2010
January 13, 2011, 12:27, (Property Xpress) - St. Petersburg hypermarket chain Lenta, whose shareholders are still in a legal dispute, reported 2010 revenue ...   read more
Developer Takes Back Ownership of Romanian Logistics Park
January 13, 2011, 12:01, (Property Xpress) - Cefin Logistics Park Arad, a project of Italian Cefin Group sold to Europolis Real Estate Asset Management in ...   read more
Petrovsky Passage Avoids Bankruptcy
January 13, 2011, 11:20, (Property Xpress) - In late December, the Arbitration Court of Voronezh Region decided to terminate the bankruptcy proceedings ...   read more
EUR 6.0 mln Office Acquisition Announced in Romania
January 13, 2011, 10:42, (Property Xpress) - Romanian entrepreneur Augustin-Constantin Oancea, who controls a EUR 100 mln business in the energy sector, ...   read more
Toyota to Build Second Russian Plant
January 13, 2011, 10:06, (Property Xpress) - Japan-based carmaker Toyota is planning to expand its production capacity in Russia, officials of two ...   read more
EBRD Invests EUR 8.5 mln in Serbian Hotel and Office Project
January 13, 2011, 9:26, (Property Xpress) - The EBRD is supporting refurbishment of a historical site in the Old Town of Belgrade, with an investment to ...   read more
Douglas Group Sells Russian Business
January 13, 2011, 9:01, (Property Xpress) - Germany’s Douglas Group, a leading European retailer with almost 2,000 specialty sores in prime metropolitan ...   read more
Central Hotel in Zrenjanin up for Sale
January 13, 2011, 8:34, (Property Xpress) - Central Hotel in Zrenjanin, built in the 19th Century in the center of the Serbian city, is seeking a new ...   read more
Sberbank Opens USD 110 mln Credit Line to Developer
January 12, 2011, 15:34, (Property Xpress) - Russia’s largest lender Sberbank will provide a seven-year non-revolving credit line of up to USD 110 mln to ...   read more
Agrokor to Continue Retail Real Estate Disposals
January 12, 2011, 15:11, (Property Xpress) - Croatia’s Agrokor will continue selling its retail real estate holdings on a sale-and-leaseback basis. As ...   read more
State-Owned Firm Sells 1.3 ha Site in Bucharest
January 12, 2011, 13:57, (Property Xpress) - At a general meeting of shareholders held in December 2010, the Romanian Ministry of Economy and the rest of ...   read more
Completion Term Extended for 130,000 Sq. m Residential Compound in St. Petersburg
January 12, 2011, 13:39, (Property Xpress) - The Ministry of Defense of the Russian Federation has signed an order to extend the term of the investment ...   read more
Casino Flamingo Hotel Sold in Macedonia
January 12, 2011, 13:08, (Property Xpress) - Macedonian Makoten DOO, operating the Casino Flamingo Hotel in Gevgelija, considered one of the largest ...   read more
Roberto Cavalli Restaurant to Appear in Downtown Moscow
January 12, 2011, 12:34, (Property Xpress) - AST Group, controlled by Telman Ismailov, has closed the legendary Prague restaurant on Novy Arbat Street in ...   read more
Yazaki Considers New Investments in Bulgaria
January 12, 2011, 11:40, (Property Xpress) - Representatives of Yazaki-Bulgaria, a subsidiary of Japanese Yasaki Corporation, will visit the Bulgarian town ...   read more
Rusnano to Invest EUR 30 mln in Medical Lasers Manufacturing
January 12, 2011, 11:15, (Property Xpress) - Moscow-based Russian Corporation of Nanotechnologies (Rusnano) intends to invest USD 30 mln in medical laser ...   read more



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