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Development-Yug Restructures USD 61 mln Debt
June 11, 2009, 9:24, (Property Xpress) - Russian company Development-Yug, one of the biggest operators in the Krasnodar region, has restructured a USD ...   read more
70,000 sq. m Logistics Center near Zagreb Starts in Autumn
June 11, 2009, 9:19, (Property Xpress) - This autumn construction work will start on a 70,000 sq. m logistics center in Croatia. The project will ...   read more
Basic Element Finds Investors for Olympic Developments
June 11, 2009, 8:43, (Property Xpress) - Russian debt-ridden holding company Basic Element, owned by Oleg Deripaska, has found investors for its ...   read more
Evrotek Gets Green Light for Intermarket Acquisition
June 11, 2009, 8:40, (Property Xpress) - The Antimonopoly Committee of Ukraine (AMCU) has allowed Evrotek, manager of the Fresh Market chain, to buy a ...   read more
PIK Cancels Contract with Moscow, Sells Flats Alone
June 11, 2009, 8:14, (Property Xpress) - Group of companies PIK has asked the Moscow government to cancel the contract for a buy-out of flats by the ...   read more
EUR 15 mln Hotel Planned for Mamaia, Romania
June 11, 2009, 8:11, (Property Xpress) - A Romanian entrepreneur will develop a four-star hotel in the Romanian Mamaia resort estimated at EUR 15 mln. ...   read more
17 Companies Bid to Implement EUR 30 mln Mall in Bulgaria
June 11, 2009, 7:17, (Property Xpress) - Some 17 Bulgarian companies have declared their readiness to file their offers by June 18, for implementation ...   read more
Russia to Continue Finance of Domodedovo Airport Upgrade
June 11, 2009, 7:07, (Property Xpress) - The management of Domodedovo International Airport has allowed the Transport Ministry to increase the rental ...   read more
New EUR 300 mln Fund for Russian Distressed Assets
June 10, 2009, 14:47, (Property Xpress) - A U.S.-based privately owned real estate firm will launch an investment fund for Russian commercial property. ...   read more
Viva Land Shopping Mall to Open in Samara in Q3
June 10, 2009, 14:03, (Property Xpress) - Opening of the ‘Viva Land’ shopping and entertainment center in Samara is planned for the third quarter of ...   read more
Update: Construction Starts on Retail Scheme in Sofia
June 10, 2009, 14:01, (Property Xpress) - Construction work has begun on a large retail project spread over 42,000 sq. m in Sofia, with a total of EUR ...   read more
Kiev InterContinental Hotel to Open in September
June 10, 2009, 13:26, (Property Xpress) - The five-star InterContinental Hotel in Kiev, managed by the U.K.-based chain InterContinental Hotels will ...   read more
MTS to Open 800 Stores in 2009
June 10, 2009, 12:58, (Property Xpress) - Russian mobile operator MTS plans to launch 800 units in 2009 thus increasing its network number to 2,500, CEO ...   read more
Smolensk Region to Develop Logistics Hub
June 10, 2009, 12:30, (Property Xpress) - Russian Smolensk region plans to develop a big transport and logistics hub, Governor, Sergey Antufev, said. It ...   read more
Novosibirsk Golden Park Mall to Open in December
June 10, 2009, 11:22, (Property Xpress) - The Golden Park shopping and entertainment center with a total area of 30,000 sq. m will open on December 1, ...   read more
Prime Location Site in Belgrade Sold for EUR 17.6 mln
June 10, 2009, 10:51, (Property Xpress) - Belgrade’s Duga paint and varnish factory, majority owned by Slovenian Helios, has sold 30,000 sq. m of ...   read more
ProLogis Leases 8,400 sq. m in Bucharest Scheme, Romania
June 10, 2009, 10:09, (Property Xpress) - ProLogis, manager and developer of distribution facilities, today announced it has leased 8,400 sq. m in the ...   read more
IFC to Provide up to EUR 20 mln for Clinics Chain
June 10, 2009, 10:06, (Property Xpress) - The International Financial Corporation (IFC) is considering financial aid to Allianz Eurasia Healthcare ...   read more
Sviaz-Bank Adjudges USD 34 mln from RIGroup
June 10, 2009, 9:27, (Property Xpress) - Russian Sviaz-Bank has won USD 34 mln through the court for unpaid debts of developer RIGroup, the decision of ...   read more
ING Bank to Sell 27 Retail Outlets in Kiev, Ukraine
June 10, 2009, 9:22, (Property Xpress) - ING Bank Ukraine, part of ING Group, is negotiating the sale of its retail business in Kiev with ...   read more
Sela Plans 50 Openings in 2009
June 10, 2009, 8:59, (Property Xpress) - Sela Corporation, one of the biggest fashion retailers in Russia in terms of stores, plans to open 50 new ...   read more
Franklin Templeton Selected to Manage Property Fund’s Assets
June 10, 2009, 8:56, (Property Xpress) - The U.S.-based investment company Franklin Templeton Investment Management has won the tender to manage the ...   read more
EUR 300 mln Scheme to Rise near St. Petersburg
June 10, 2009, 8:18, (Property Xpress) - Development and investment company Donk plans to construct an at least 200,000 sq. m mixed-use complex, worth ...   read more
Costa Coffee Closes Split Unit
June 10, 2009, 7:53, (Property Xpress) - The UK café chain Costa Coffee has closed its unit in Split, the company’s first shop in Croatia opened ...   read more
Area 10 to Start Two Developments in Romania
June 10, 2009, 7:23, (Property Xpress) - Spanish Area 10 Eastern World, equally owned by Area 10 New World and HL 1, plans to start two development ...   read more

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