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Russian Logistics Developer Closes Subsidiary, Cuts Staff
February 17, 2009, 10:20, (Property Xpress) - A Russian developer, focused on A class industrial property in Russia and the CIS, has closed one of its units ...   read more
Mall Opening Delayed in Bucharest, Romania
February 17, 2009, 10:19, (Property Xpress) - The opening of the EUR 187 mln ‘Grand Arena’ in Bucharest, has been delayed for a second time to March 25, ...   read more
DEGI Ready for New Investments in Romania
February 17, 2009, 10:01, (Property Xpress) - Investment fund Deutsche Gesellschaft fur Immobilienfonds (DEGI), part of Aberdeen Property Investors Group, ...   read more
Land for Olympic Projects in Sochi Grows 45 Pct
February 17, 2009, 9:24, (Property Xpress) - Total area of the Sochi 2014 Winter Olympics land has been increased by 45 pct to 6,500 ha, deputy head of ...   read more
Felinvest Starts Residential Project in Cluj, Romania
February 17, 2009, 8:58, (Property Xpress) - Cluj-based Felinvest, controlled by Octavian and Calin Buzoianu brothers, will use its own funds to finance ...   read more
New Cinema Chain Planned for Russia
February 17, 2009, 8:39, (Property Xpress) - The founder of Kronverk Cinema, Eduard Pichugin, producer Sergey Selyanov and director Fedor Bondarchuk, plan ...   read more
Moscow to Develop 7.0 Mln sq. m near Moscow-City
February 16, 2009, 16:00, (Property Xpress) - Moscow plans to develop about seven million sq. m of social and business projects on the land, adjacent to the ...   read more
Gea-Prasa to Start Second Residential Project in Romania
February 16, 2009, 15:55, (Property Xpress) - Spanish real estate developer Gea-Prasa intends to build its second residential project in Bucharest on the ...   read more
No Buyers for Heliopark Old Estate in Pskov
February 16, 2009, 15:31, (Property Xpress) - Management company Heliopark Group says it has been in talks for the sale of Heliopark Old Estate Hotel in ...   read more
Update: 51 Pct Stake in 75,000 Sq. m Scheme Sold for EUR 7.14 mln in Bulgaria
February 16, 2009, 14:58, (Property Xpress) - As Property Xpress earlier reported, Elbit Imaging’s subsidiary Plaza Centers paid a local developer EUR ...   read more
MTS Subsidiary Gets Nod for 99 Pct in Eldorado
February 16, 2009, 14:42, (Property Xpress) - Daga Retail Holding, a subsidiary of Russian mobile operator MTS, has received the green light from Russian ...   read more
Smak Units in Ukraine to Host Spar
February 16, 2009, 13:55, (Property Xpress) - Spar supermarkets will be accommodated in Russian chain Smak stores that closed at the end of 2008. The first ...   read more
Officials Approve USD 500 mln Scheme in Kiev
February 16, 2009, 13:49, (Property Xpress) - Kiev City Council has approved a project including a 160-m high office and hotel complex and a four-level ...   read more
Dambovita Project to Be Approved in Bucharest
February 16, 2009, 13:21, (Property Xpress) - Approval for Dambovita Center project, already accepted by the Technical Commission of Urbanism and Territory ...   read more
Sisecam to Invest up to USD 190 mln in Russian Factory
February 16, 2009, 13:18, (Property Xpress) - Turkish glass manufacturer Sisecam, owned by Is Bankasi plans to invest between USD 180 mln and 190 mln in a ...   read more
Vester Forecasts 50 Pct Turnover Increase in 2009
February 16, 2009, 13:01, (Property Xpress) - Russian retail chain Vester forecasts a 50 pct turnover increase in 2009 to about USD 711 mln, compared to USD ...   read more
Moscow to Buy 120,000 Sq. m from Debt-ridden Glavmosstroy
February 16, 2009, 12:32, (Property Xpress) - Moscow is ready to buy 120,000 sq. m for about USD 205 mln, aiming to bail out the debt-ridden Glavmosstroy, ...   read more
UTG Leases Space in Poltava and Odessa, Ukraine
February 16, 2009, 12:00, (Property Xpress) - Ukrainian Trade Guild (UTG) leased in January, over 5,000 sq. m in the 20,000 sq. m furniture commercial ...   read more
Moscow Buries Power Lines to Clear 4,000 Ha for Development
February 16, 2009, 11:20, (Property Xpress) - Moscow has approved the middle term strategy for land development under high-voltage transmission lines in the ...   read more
PSN to Focus on B Class Offices and Elite Residential Development
February 16, 2009, 10:17, (Property Xpress) - PromSvyazNedvizhimost (PSN), development arm of PromSvyazCapital group, will focus on development of B and B+ ...   read more
DEGI Launches Iris Shopping Center in Bucharest
February 16, 2009, 10:03, (Property Xpress) - Deutsche Gesellschaft für Immobilienfonds (DEGI), part of Aberdeen Property Investors Group, has opened its ...   read more
Kiev Ready to Sell 100 Ha to Foreigners
February 16, 2009, 9:48, (Property Xpress) - Kiev City Council intends to sell 46 land plots totaling 109.3 ha to companies with foreign capital. Among the ...   read more
Stroganovsky Hires Sales Consultant
February 16, 2009, 9:43, (Property Xpress) - The A class business center on Nevsky Prospect, called 'Stroganovsky’, has signed an exclusive contract with ...   read more
USD 130 mln Residential Complex Planned for Voronezh
February 16, 2009, 9:06, (Property Xpress) - Deputy Chairman of Voronezh region government, Andrey Sobolev, said a new residential complex will be ...   read more
Lidl Buys Municipal Plot in Pleven, Bulgaria
February 16, 2009, 8:54, (Property Xpress) - Retail chain Lidl has purchased 0.5 ha in the Storgoziya quarter in Pleven, Bulgaria for EUR 600,000, Kamen ...   read more



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