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Immoeast Acquires Polus Center Constanta in Romania
June 02, 2010, 7:44, (Property Xpress) - Austrian investment fund Immoeast has bought 85 pct of the Polus Center project in Constanta for EUR 1.0, and ...   read more
Mall of Russia to Open in Q4’2010
June 01, 2010, 15:28, (Property Xpress) - Real estate developer Africa Israel Investments (AFI) has announced it will complete its Mall of Russia ...   read more
International Hotel Chain to Expand Bulgarian Presence
June 01, 2010, 14:42, (Property Xpress) - An international hotel chain has announced it will be seeking to expand its presence in Bulgaria by investing ...   read more
Former Dixy Shareholder Turns to Mass Housing Development
June 01, 2010, 14:18, (Property Xpress) - The former owner of Dixy retail chain, Oleg Leonov, along with the former top manager of the United Aircraft ...   read more
Developer to Build Shopping Malls throughout Ukraine
June 01, 2010, 14:00, (Property Xpress) - A leading European shopping centers developer said it intends to build between 30 and 50 malls in six ...   read more
Romania Invest Fund Completes First Purchase outside Bucharest
June 01, 2010, 13:36, (Property Xpress) - Norwegian fund Romania Invest, based on speculative housing purchases, has announced extending its business to ...   read more
Development Group Regions Unveils Plans
June 01, 2010, 13:08, (Property Xpress) - Russian development group of companies Regions, co-owned by Amiran Mutsoev, has collected 1.6 million sq. m of ...   read more
Ukrainian MikMaks Restaurant Chain in Expansion Mode
June 01, 2010, 12:18, (Property Xpress) - Kiev-based MikMaks, established in 2010 to develop a fast food restaurant chain, plans to operate 26 outlets ...   read more
Marcor-Neva-Hotel to Build Hotel Complex in St. Petersburg
June 01, 2010, 11:53, (Property Xpress) - Marcor-Neva-Hotel will relocate the St. Petersburg-based City Dental Clinic number 4 and build a hotel in its ...   read more
Strabag Awarded EUR 62 mln Contract in Romania
June 01, 2010, 10:52, (Property Xpress) - Vienna-based construction company Strabag has won a large order in Romania. The company has signed an ...   read more
OBI to Open Store in Moscow
June 01, 2010, 10:36, (Property Xpress) - OBI, a leading European DIY and garden retailer, will open a 4,500 sq. m hypermarket in the Moscow-based ...   read more
Romanian Businessman to Acquire 83 Ha Site in Bucharest
June 01, 2010, 10:25, (Property Xpress) - A Romanian businessman, operating in the commercial real estate development market in the country, is about to ...   read more
Rezidor to Operate Park Inn Voronezh
June 01, 2010, 9:21, (Property Xpress) - Rezidor Hotel Group, an international hospitality management company, today announced its new Park Inn Hotel ...   read more
Pivovarna Lasko to Sell Share in Mercator
June 01, 2010, 9:08, (Property Xpress) - Slovenian company Pivovarna Lasko will have to start to repay bank loans, which reached EUR 170 mln after a ...   read more
TNK-BP Leases 37,700 Sq. m at Nordstar Tower
June 01, 2010, 8:48, (Property Xpress) - British-Russian oil company TNK-BP has entered into a lease agreement to occupy 37,700 sq. m of office space ...   read more
Developer Secures USD 12 mln to Commence Five-star Hotel Project in Kiev
June 01, 2010, 8:37, (Property Xpress) - A Ukrainian real estate developer today announced it has secured USD 12 mln in funding to begin development of ...   read more
Lotte Group to Build Five Hotels in Russia
June 01, 2010, 7:55, (Property Xpress) - South Korean conglomerate Lotte Group plans to build five hotels in Moscow and St. Petersburg, said deputy ...   read more
Kiabi Opens Two Stores in Romania
June 01, 2010, 7:40, (Property Xpress) - French fashion retailer Kiabi has opened two new stores in Romania, at Iris Shopping Center in Bucharest, and ...   read more
Interchem to Invest EUR 15 mln in Production Base in Ukraine
May 31, 2010, 14:29, (Property Xpress) - Ukrainian-Belgian JV Interchem intends to commission the third stage of a complex for production of medicines ...   read more
Update: Concern Piter to Build Hotel in Karelia
May 31, 2010, 14:03, (Property Xpress) - Construction of a USD 25 mln hotel is planned to be completed in Petrozavodsk by the first quarter of 2012, ...   read more
Kiev City to Lease Airport Property
May 31, 2010, 13:33, (Property Xpress) - General Directorate of the communal property of the Kiev City State Administration has announced a competition ...   read more
Mirax Group Suffers Technical Default
May 31, 2010, 12:59, (Property Xpress) - Russian Mirax Group has suffered a technical default, after it was unable to meet a bond coupon obligation. ...   read more
Cinema Park to Open 10-Hall Theater in Voronezh
May 31, 2010, 12:24, (Property Xpress) - Russia’s Cinema Park plans to open a 10-hall movie theater to accommodate up to 2,200 spectators at the ...   read more
Construction Starts on Tourist Settlement in Serbia
May 31, 2010, 12:16, (Property Xpress) - Belgrade-based KBM has announced it will begin construction on an ethno settlement in Kopaonik, called Sveti ...   read more
Austrian Developer Raises EUR 26 mln to Finance Ongoing Projects
May 31, 2010, 11:43, (Property Xpress) - An Austrian real estate developer has raised EUR 26 mln in net proceeds though a new share issue. In mid-May, ...   read more

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