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Construction of Office Center Prohibited in Moscow’s Downtown
November 02, 2010, 13:44, (Property Xpress) - Moscow City Planning Council has prohibited construction of a 35,600 sq. m office building on the site of the ...   read more
Sofia Site Sold for EUR 1.5 mln
November 02, 2010, 13:10, (Property Xpress) - A site on Alabin Street in Sofia has been acquired by Austrian retail chain Billa. According to an ...   read more
Kopernik Group Repays USD 26 mln Loan to Bank
November 02, 2010, 12:54, (Property Xpress) - Late last week, Kopernik Group (formerly MIAN) paid off the last credit of USD 26 mln to the Russian privately ...   read more
Intel to Open Development Center in Romania
November 02, 2010, 12:09, (Property Xpress) - Intel, the world’s largest maker of microprocessors, has announced its first greenfield investment in a ...   read more
ICT Group Acquires Moscow Office Property
November 02, 2010, 11:44, (Property Xpress) - ICT Group of companies, one of the largest, privately-owned investment and industrial companies in Russia, has ...   read more
Kiev Department Store Initiates Own Insolvency
November 02, 2010, 11:32, (Property Xpress) - The operator of a Ukrainian department store has filed an application for own insolvency with the Economic ...   read more
Metro Group: Eastern Europe Shows the Highest Economic Potential
November 02, 2010, 10:53, (Property Xpress) - Germany’s largest retailer Metro said it expects its 2010 earnings before interest, tax and special items to ...   read more
Metro Group: Eastern Europe Shows the Highest Economic Potential
November 02, 2010, 10:52, (Property Xpress) - Germany’s largest retailer Metro said it expects its 2010 earnings before interest, tax and special items to ...   read more
Five Star Hotel Planned for St. Petersburg
November 02, 2010, 10:04, (Property Xpress) - The owner of the building on 3-5, Bolshaya Morskaya Street in St. Petersburg is planning to reconstruct it ...   read more
XXI Century in Negotiations to Close Recapitalization Transaction
November 02, 2010, 9:09, (Property Xpress) - Ukrainian development group XXI Century today announced it is currently in discussions with a number of ...   read more
O’Key Group Raises USD 419 mln in IPO at Midpoint of Range
November 02, 2010, 8:49, (Property Xpress) - Yesterday, Luxembourg-incorporated O’Key Group S. A., which manages the Russian retail chain O’Key, ...   read more
US Group to Invest in Romanian Manifacturing Facility
November 01, 2010, 16:52, (Property Xpress) - A US-based group has unveiled plans to start construction of a manufacturing facility in Romania next year. ...   read more
Montenegro to Auction Property on the Adriatic Coast
November 01, 2010, 16:31, (Property Xpress) - The Montenegrin Privatization Council today announced a new tender to sell a 56.48 pct stake (215,950 shares) ...   read more
Lenta to Resume Expansion in 2011
November 01, 2010, 15:29, (Property Xpress) - Russia’s hypermarket chain Lenta, whose development has been almost completely stopped because of a ...   read more
EUR 50 mln Property Fund Launch Expected in Early 2011
November 01, 2010, 14:52, (Property Xpress) - A Romania-focused real estate investment fund with a target capitalization of EUR 30-50 mln will be launched ...   read more
Microsoft Signs MOU with Russia’s Skolkovo Fund
November 01, 2010, 14:20, (Property Xpress) - Software giant Microsoft Corp. has signed a memorandum of understanding (MOU) with the Russia’s Skolkovo ...   read more
Second Romanian Shopping Mall to go Bankrupt
November 01, 2010, 13:58, (Property Xpress) - A second shopping and entertainment center in Romania is likely to go bankrupt, after its lending institution ...   read more
Mostotrest Wins USD 2.0 Bln Contract
November 01, 2010, 13:29, (Property Xpress) - Russian infrastructure builder Mostotrest, which is expected to complete an initial public offering (IPO) this ...   read more
Petrol Group to Speed up Serbia Expansion
November 01, 2010, 13:21, (Property Xpress) - Slovenia’s fuel retailer Petrol Group intends to actively expand in Serbia in 2011, as part of a larger ...   read more
Russian Retailer in Talks to Sell Land for Shopping Mall
November 01, 2010, 12:45, (Property Xpress) - A Russian retail chain has abandoned plans to build a shopping and entertainment center on the site of the ...   read more
Avrig 35 to Unfreeze Romania Developments in 2011
November 01, 2010, 12:10, (Property Xpress) - Avrig 35, one of the largest developers in the Romanian real estate market, plans to start five to seven new ...   read more
Integrated Development Project to Start in Tomsk
November 01, 2010, 11:26, (Property Xpress) - The foundation stone for a USD 500 mln business city project in the Tomsk region will be laid on November 2. ...   read more
EBRD Grants EUR 75 Mln for Moldova Road Rehabilitation
November 01, 2010, 10:36, (Property Xpress) - The European Bank for Reconstruction and Development (EBRD) is providing a EUR 75 mln loan to rehabilitate the ...   read more
150-Room Four Star Hotel to Open in Kazan in 2011
November 01, 2010, 9:58, (Property Xpress) - A new four star hotel with 150 rooms will open in the city center of Kazan in early 2011. The six-story ...   read more
Hotel Investment Planned for Rousse
November 01, 2010, 9:32, (Property Xpress) - A new hotel complex will be built in the center of the Bulgarian Danube city of Rousse. The accommodation unit ...   read more



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