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Update: Accor Opens Second Ibis Hotel in Russia
June 22, 2009, 10:45, (Property Xpress) - A total of USD 16.5 mln has been invested in the first hotel in Kazan, under the international brand Ibis, ...   read more
SU-155 Wins USD 15.2 mln Defence Ministry Tender
June 22, 2009, 9:54, (Property Xpress) - Russian developer SU-155 has won the tender of the Defence Ministry, which will purchase 178 flats, with a ...   read more
Kuwait Lends Bosnia EUR 26 mln for Highway Development
June 22, 2009, 9:27, (Property Xpress) - The Kuwaiti government will provide approximately EUR 26 mln in a loan to Bosnia and Herzegovina to complete ...   read more
Construction Starts on EUR 55 mln Mall in Croatia
June 22, 2009, 9:09, (Property Xpress) - Construction work on a EUR 55 mln shopping and entertainment center has started in Croatia. The scheme called ...   read more
VTBC-DB Attracts USD 100 mln for Russian Developments
June 22, 2009, 8:56, (Property Xpress) - VTB Capital and Deutsche Bank’s investment fund ‘VTBC-DB Real Estate Partners I L.P’ has completed the ...   read more
Investbud to Develop Five-star Hotel in Lviv
June 22, 2009, 8:13, (Property Xpress) - Ukrainian company Investbud intends to develop a five-star hotel complex on The Citadel Hill historic and ...   read more
Orchid to Focus on Three Bulgarian Projects
June 22, 2009, 7:57, (Property Xpress) - Real estate developer Orchid Developments Group, active in residential, commercial and retail properties in ...   read more
420,000 Sq. m Conference Center Planned for Moscow
June 22, 2009, 7:26, (Property Xpress) - A 420,000 sq. m conference center will be developed on 31 Leninsky Prospect in Moscow, the press service of ...   read more
A Class Logistics Complex Kulon-Pulkovo to Open in July
June 22, 2009, 7:15, (Property Xpress) - The Russian A class logistics center Kulon-Pulkovo, located on Pulkovskoe Road in St. Petersburg, will open in ...   read more
Land Ownership Issues Expels Club Med from Albanian Resort
June 22, 2009, 7:14, (Property Xpress) - France's Club Mediterranee said it has withdrawn plans to operate a holiday resort on Albania's Ionian coast ...   read more
Marriottt Signs Management Agreement for Krasnodar Hotel
June 19, 2009, 15:21, (Property Xpress) - Marriottt International will manage a 264 deluxe room-hotel in Krasnodar, Russia, following a long-term ...   read more
Carrefour Eyes Further Balkan Expansion in Serbia, Albania, Macedonia
June 19, 2009, 14:44, (Property Xpress) - Retail chain Carrefour has demonstrated interest in entering Serbian, as well as Albanian and Macedonian ...   read more
Accor Opens Second Ibis Hotel in Russia
June 19, 2009, 13:55, (Property Xpress) - Tomorrow the second Ibis branded hotel, part of the French Accor Group, will be inaugurated in Russia. The ...   read more
Pakko Holding to Sell up to 75 pct Share
June 19, 2009, 13:23, (Property Xpress) - Ukrainian Pakko Holding could sell up to 75 pct of the company by the end of this month, said General Director ...   read more
St. Petersburg Business Hotel Tests Hostel Compound
June 19, 2009, 12:34, (Property Xpress) - St. Petersburg based Business Hotel Karelia, on the embankment of the Moika River, will test a hostel for 156. ...   read more
Stroimontage Brooks Second Technical Default
June 19, 2009, 11:49, (Property Xpress) - Russian corporation Stroimontage has suffered a second technical default, after it was unable to meet a USD ...   read more
Elbit Imaging Completes Private Placement
June 19, 2009, 11:45, (Property Xpress) - Elbit Imaging today announced completion of a private placement of approximately USD 7.6 mln of series A ...   read more
Ukrainian Avantazh Suspends Construction Work on Two Projects
June 19, 2009, 11:07, (Property Xpress) - Kharkov-based investment and construction group Avantazh has suspended construction work on the class B+ ...   read more
Shangri-La to Open 400-Room Hotel in Moscow
June 19, 2009, 10:39, (Property Xpress) - Shangri-La Hotels and Resorts plans to open a 400-room hotel to the top floors of a 42-storey main building in ...   read more
EUR 24 mln for Shopping Mall in Albania
June 19, 2009, 10:37, (Property Xpress) - A total of EUR 24 mln will be provided for development of Albania’s largest shopping center. The proceeds of ...   read more
Romanian City Announces Tender for EUR 80 mln Project
June 19, 2009, 10:09, (Property Xpress) - A Romanian city has announced it will hold an auction to select the company, to take care of arranging an ...   read more
Krasnoyarsk to Transform Deserted River Island into Business/Entertainment District
June 19, 2009, 9:21, (Property Xpress) - The investment council of Krasnoyarsk has approved the project foreseeing the transformation of the deserted ...   read more
Inteco Pays USD 866 mln to Creditors
June 19, 2009, 8:36, (Property Xpress) - Russian developer Inteco, owned by Elena Baturina, has covered USD 866 mln liabilities to several Russian ...   read more
Romanian PIC Keeps Network Expansion Strategy
June 19, 2009, 8:30, (Property Xpress) - Dragos Stancu, the new CEO of the Romanian hypermarket retail chain PIC, said the company will maintain its ...   read more
VEB Considers up to USD 600 mln WB Financing for Infrastructure
June 19, 2009, 8:03, (Property Xpress) - Russian state bank for development and foreign economy affairs Vnesheconombank (VEB) can attract between USD ...   read more

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