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PIK Swings to USD 1.13 bln Net Loss in 2008
May 13, 2009, 11:42, (Property Xpress) - Russian residential property developer OAO PIK Group turned in a USD 1.13 bln net loss in 2008, compared with ...   read more
EUR 200 mln Bucharest Shopping Scheme to Open in October
May 13, 2009, 11:32, (Property Xpress) - A EUR 200 mln commercial complex in the northern part of Bucharest will open in October, representatives of ...   read more
RAN-Estate to Spend USD 12 mln for Business Center
May 13, 2009, 11:28, (Property Xpress) - RAN-Estate, affiliated with St. Petersburg-based alcoholic beverage producer Ladoga, plans to invest USD 10 to ...   read more
Reconstruction of Hotel Moscow to be Complete in 2011
May 13, 2009, 10:53, (Property Xpress) - The opening of the Moscow Hotel, postponed several times since 2007, will take place in 2011, Deputy Mayor, ...   read more
Sixth Element Aligns in Odessa Commercial Corridor
May 13, 2009, 10:43, (Property Xpress) - The first phase of the specialized furniture complex ‘Sixth Element’ will open on June 25 at the 6th km on ...   read more
Buyer Sought for Historic Building in Bucharest
May 13, 2009, 10:27, (Property Xpress) - Copper Beech has announced it is looking for a buyer of a historic building in downtown Bucharest. The ...   read more
St. Petersburg Gives Green Light for Two Hotels
May 13, 2009, 10:26, (Property Xpress) - The government of St. Petersburg has approved projects for a hotel and recreational facility complex and one ...   read more
50,000 Sq. m Scheme to Rise in Downtown Moscow
May 13, 2009, 9:08, (Property Xpress) - A 51,600 sq. m hotel and business complex will be developed on Sadovnicheskaya Street in central Moscow, a ...   read more
Roses Fashion Outlet Adds 9,000 sq. m GLA
May 13, 2009, 9:06, (Property Xpress) - Outlet center Roses Fashion in Svet Kriz Zacretje, Croatia will start construction work on the second section ...   read more
Developer to Spend EUR 30 mln in Romania
May 13, 2009, 8:38, (Property Xpress) - A real estate company, developer of a business complex in Bucharest’s Pipera zone, will obtain EUR 30 mln ...   read more
Two Russian Banks in Talks for 70 Pct Stake in Retail Chain
May 13, 2009, 8:37, (Property Xpress) - Russian banks MDM-bank and Sberbank are in talks for transferring debts of a local retailer into a 70 pct ...   read more
Construction of EUR 80 mln Shopping Center Starts in Croatia
May 13, 2009, 8:01, (Property Xpress) - An Osijek-based company will start construction work on the EUR 80 mln Portanova shopping complex in the city ...   read more
Italian Investors to Pour USD 700 mln in Sochi Olympic Developments
May 13, 2009, 8:00, (Property Xpress) - A pool of Italian investors, led by Todini Costruzioni Generali (TCG), plans to invest about USD 700 mln in ...   read more
Construction in SEZ Kurshskaya Kosa to Begin in 2010
May 13, 2009, 7:16, (Property Xpress) - The beginning of construction works in the special Kurshskaya Kosa economic zone in Russia’s Kaliningrad ...   read more
New Hotels to Be Developed in Dnipro for Euro 2012
May 13, 2009, 7:14, (Property Xpress) - Six new accommodation facilities are under construction in Dnipro, Ukraine, as part of preparation for ...   read more
Two Hotels Planned for Central Petersburg
May 12, 2009, 14:59, (Property Xpress) - Two new hotels are projected for the historic center of St. Petersburg, the city administration said. OOO ...   read more
M.Video Opens Second Unit in Surgut
May 12, 2009, 14:35, (Property Xpress) - One of the leading home appliances chains in Russia, M.Video, has opened its second store in the Siberian city ...   read more
Officials Adopt Decree for International Airport Construction in Brasov, Romania
May 12, 2009, 14:22, (Property Xpress) - A convincing majority in the Romanian Chamber of Deputies today adopted the urgent decree for construction of ...   read more
South Korean Consortium to Build Industrial Park in Bulgaria
May 12, 2009, 13:53, (Property Xpress) - South Korean Choice Consortium has signed a key contract to carry out the new industrial park of Sofia’s ...   read more
New Rezidor Unit Planned for Kiev
May 12, 2009, 13:24, (Property Xpress) - Construction work on a new accommodation facility, to be managed by international operator Rezidor Hotel Group ...   read more
USD 30 mln Commercial and Office Scheme Gets Nod in Kiev
May 12, 2009, 12:32, (Property Xpress) - Kiev City Council has approved a shopping and office project between Serafimovich and Vossoedinenie Streets in ...   read more
Retail Center Darya Seeks Tenants
May 12, 2009, 12:25, (Property Xpress) - Moscow-based retail center Darya, to open in the second quarter of 2009, has hired the London Consulting & ...   read more
SEE Tenants Pressured by High Rents
May 12, 2009, 12:09, (Property Xpress) - CA Immo International, a property investment group focused on Eastern and South Eastern Europe, said tenants ...   read more
Developer Kicks off Three Cottage Villages around Moscow
May 12, 2009, 11:49, (Property Xpress) - Local development company Krasivaya Zemlya has started implementation of three cottage villages in the ...   read more
Court Requests EUR 27.4 mln Debt from Itera Development Group
May 12, 2009, 11:02, (Property Xpress) - The Regional Development Fund of Yamal is requesting an around EUR 27.4 debt by court from Itera Development ...   read more



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