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Update: New Fund to Raise EUR 100 mln for Western Balkans Investments
March 13, 2009, 8:53, (Property Xpress) - In a move aimed to capitalize on distressed and foreclosed properties in the region, a new closed-end, EUR 100 ...   read more
First Hilton to Open in St. Petersburg
March 13, 2009, 8:52, (Property Xpress) - Hotelier chain Hilton has signed a letter of intent with local company Bratina for management of its hotel on ...   read more
USD 100 mln Targeted on Undervalued Assets in Eastern Europe
March 13, 2009, 8:11, (Property Xpress) - A Stockholm-headquartered asset manager said it is launching a new fund worth USD100 mln with an aim to ...   read more
USD 100 mln Targeted on Undervalued Assets in Russia
March 13, 2009, 8:10, (Property Xpress) - A Stockholm-headquartered asset manager said it is launching a new fund worth USD100 mln with an aim to ...   read more
Barcelo Hotels Group to Build and Manage Resort in Montenegro
March 12, 2009, 15:49, (Property Xpress) - Spanish firm Barcelo Hotels Group, one of the top 20 world hotel brands, is interested in construction and ...   read more
X5 Loses Bankrupted Franchisee
March 12, 2009, 15:48, (Property Xpress) - X5 Retail Group, Russia's largest retailer in terms of sales, has lost its Partner Retail franchisee, which ...   read more
Romania to Finance SEE Biggest Ski Resort
March 12, 2009, 15:30, (Property Xpress) - Romania plans to allocate around EUR 70 mln for construction of the biggest ski resort in Southeastern Europe ...   read more
VEB Bank Allocates USD 114 mln to Basic Element
March 12, 2009, 15:14, (Property Xpress) - Russian state bank for development and foreign economic affairs Vnesheconombank (VEB) has allocated USD 114 ...   read more
European Investor to Spend EUR 20 mln in Plovdiv, Bulgaria
March 12, 2009, 15:12, (Property Xpress) - A West-European developer has announced intentions to carry out infrastructure projects in Plovdiv, ...   read more
Eureko Rents 4,300 Sq. m in Bucharest
March 12, 2009, 14:37, (Property Xpress) - Eureko B.V., Netherlands-registered privately-owned financial services group focusing on insurance, has rented ...   read more
Two Appliances Retailers to Open Units in Mall in Samara
March 12, 2009, 14:26, (Property Xpress) - Two household appliances and electronic devices retailers will open hypermarkets in the Samara-based Moskovsky ...   read more
USD 60 Mln Set Apart for Interior of Lobanov-Rostovsky Palace in St. Petersburg
March 12, 2009, 13:44, (Property Xpress) - About USD 60 mln will be spent for the interior of the Prince Lobanov-Rostovsky palace, to be transformed into ...   read more
Neocity Group Stops Six Projects in Romania
March 12, 2009, 13:31, (Property Xpress) - Developer Neocity Group Romania is held by Israeli investors and has frozen its six real estate projects, ...   read more
1,000 Cottages Planned for Chita
March 12, 2009, 13:00, (Property Xpress) - Russian company Stroytech plans to develop a new micro district near Chita’s suburbs with 1,000 cottages, ...   read more
Inteco to Use USD 1.4 bln State Support for New Businesses
March 12, 2009, 12:25, (Property Xpress) - Russian developer Inteco, has asked the Ministry of Economy Development for a state guarantee worth USD 1.4 ...   read more
Accor Asks State Support for Timisoara Hotel Project
March 12, 2009, 11:57, (Property Xpress) - Hotelier chain Accor has asked for support from the Romanian Ministry for Small and Middle Enterprises at the ...   read more
International Investor to Develop Five Star Hotel in Ukraine
March 12, 2009, 11:42, (Property Xpress) - A European developer has announced its intention to develop a high class hotel in Dnipro, Ukraine for the ...   read more
Sberbank in Talks for 49 pct Stake in Rublyovo-Arkhangelskoye
March 12, 2009, 11:30, (Property Xpress) - The main shareholder of the multibillion Rublyovo-Arkhangelskoye project, Mihail Shishhanov said he is in ...   read more
Retailers Purchase 8.5 Ha Plot in Bucharest Suburb
March 12, 2009, 11:02, (Property Xpress) - Two retailers have acquired an 8.5 ha plot in the Drumul Taberei district of Bucharest, where they intend to ...   read more
SU-155 Gets EUR 30 mln Loan for Residential Projects
March 12, 2009, 9:57, (Property Xpress) - Russian development group of companies SU-155 has received a EUR 30 mln targeted credit for development of ...   read more
Investment Fund Completes Office Property Acquisition in Romania
March 12, 2009, 9:50, (Property Xpress) - Romanian businessman Ion Radulea, owner of Sema Parc; one of the largest real estate projects in Bucharest, ...   read more
Investment in Large Zavidovo to Reach USD One bln
March 12, 2009, 9:27, (Property Xpress) - Investment in the large scale development project called ‘Large Zavidovo’ in Tver Region will reach USD ...   read more
New Partner for Mall Project Sought in Ljubljana, Slovenia
March 12, 2009, 8:59, (Property Xpress) - Officials in Ljubljana, Slovenia, have announced their intention to seek a new partner for construction of a ...   read more
30,000 Sq. m Tyumen Mall Opens
March 12, 2009, 8:56, (Property Xpress) - A 30,000 sq. m shopping and entertainment center has been opened in Tyumen by Moscow-based company Ovental at ...   read more
25 Pct Stake in Slovenian Mercator Offered for Sale
March 12, 2009, 8:27, (Property Xpress) - The owners of Slovenian chain Mercator have informed prospective buyers of a 50 pct stake of the network that ...   read more

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