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Aro Palace to Upgrade Brasov Hotel
March 23, 2016, 11:48, (Property Xpress) - Aro Palace Brasov, managing several hotels and restaurants in Brasov, has scheduled a EUR 14 mln investment ...   read more
Retailer to Create USD 250 mln Distribution Center Chain by 2021
March 23, 2016, 10:41, (Property Xpress) - A Russian retailer has unveiled plans to invest USD 250 mln in establishing a logistics platform by ...   read more
Update 2: Osram to Build Bulgarian Factory
March 23, 2016, 10:13, (Property Xpress) - Germany’s lighting manufacturer Osram has launched construction of a BGN 45 mln (EUR 23 mln) factory in ...   read more
Stratex Group: We Aim to Take Control of Budvanska Rivijera
March 23, 2016, 9:09, (Property Xpress) - Stratex Group plans to take control of Montenegro’s Budvanska Rivijera (Budva Riviera) hotel group, where it ...   read more
VTB Bank to Fund St. Petersburg Factory Construction Project
March 23, 2016, 9:08, (Property Xpress) - VTB Bank has agreed to open a RUB 1.0 bln five-year non-revolving credit line to pharmaceutical company ...   read more
InterCora to Build Retail Galley in Tulcea, Romania
March 22, 2016, 16:47, (Property Xpress) - Czech-based InterCora will start work on a retail gallery in the Romanian town of Tulcea in the coming weeks. ...   read more
AFK Sistema to Decide on Detsky Mir IPO in Spring
March 22, 2016, 15:24, (Property Xpress) - AFK Sistema, controlled by billionaire Vladimir Yevtushenkov has chosen a stock exchange for holding an ...   read more
Building Permit Obtained for New Shopping Mall in St. Petersburg
March 22, 2016, 14:00, (Property Xpress) - The State Construction Supervision and Expert Examination Service of the City of St. Petersburg ...   read more
YIT Uralstroy to Develop 270,000 sq. m Residential Neighborhood in Yekaterinburg
March 22, 2016, 13:57, (Property Xpress) - YIT Uralstroy, a subsidiary of Finland’s developer YIT, is developing a residential neighborhood in ...   read more
Contractor Appointed for 50-m Office Building in Sofia
March 22, 2016, 13:48, (Property Xpress) - Construction of a 50-m office building has begun in the Bulgarian capital, as part of the first phase of the ...   read more
French Investors Withdraw from Plans to Build Ski Resort in Bulgaria
March 22, 2016, 13:22, (Property Xpress) - French investors, including Compagnie Des Alpes, Egis, and NP Consulting, have withdrawn from plans to develop ...   read more
Agro-Industrial Park to Appear in Mytishchi
March 22, 2016, 12:39, (Property Xpress) - An agro-industrial park, called Troitse-Seltso, will be built in the Moscow suburban area of Mytishchi by the ...   read more
Building Permit Obtained for 30,000 Sq. m Office Project in Romania
March 22, 2016, 12:25, (Property Xpress) - A building permit has been received for a complex of two office buildings, with a total area of nearly 30,000 ...   read more
Capital Group to Redevelop Moscow ‘House-Book’ Building into Hotel
March 22, 2016, 11:31, (Property Xpress) - Pavel Te, co-owner of real estate developer Capital Group, will invest RUB 6.5 bln to reconstruct one of the ...   read more
19 Design Teams to Compete for EUR 70 mln Resort in Montenegro
March 22, 2016, 11:05, (Property Xpress) - Montenegro’s Ministry of Sustainable Development and Tourism has announced that a seven-member jury, ...   read more
RDIF, Mubadala to Acquire Moscow Warehouse Real Estate
March 22, 2016, 9:57, (Property Xpress) - The Russian Direct Investment Fund (RDIF) and Mubadala Development are nearing signing a deal to acquire PNK ...   read more
Developer to Complete Mixed-use Residential, Shopping Complex in Kiev
March 22, 2016, 9:36, (Property Xpress) - Two 23-story unfinished buildings in Kiev, whose construction began back in 2005, will be completed by real ...   read more
Apart Group Submits Sole Bid for Moscow ‘House-Book’ Building
March 21, 2016, 18:15, (Property Xpress) - Apart Group, affiliated with real estate developer Capital Group, has submitted the sole bid to buy one of the ...   read more
Update: Osram to Build Bulgarian Factory
March 21, 2016, 17:53, (Property Xpress) - Germany’s lighting manufacturer Osram will launch construction of a BGN 45 mln (EUR 23 mln) plant in ...   read more
Lenta Launches Work on New Hypermarket in Tomsk
March 21, 2016, 17:05, (Property Xpress) - St. Petersburg-based retailer Lenta has started construction of its second hypermarket in Tomsk, in the ...   read more
NEST Reports UAH 108 mln Net Loss for 2015
March 21, 2016, 16:35, (Property Xpress) - Kiev-based real estate developer Nedvizhimost Stolitsy (NEST) increased its net loss by 14.4 pct last year ...   read more
VTB Buys Land in Moscow Region
March 21, 2016, 13:56, (Property Xpress) - Russian state-controlled VTB earned RUB 6.6 bln in 2015 as a result of buying land in the Moscow region below ...   read more
NEPI to Open Shopping City Timisoara Mall in Late March
March 21, 2016, 13:54, (Property Xpress) - South African investment fund NEPI will open on March 31 its Shopping City Timisoara Mall, following a EUR 84 ...   read more
AFI Development Posts USD 467 mln Net Loss for 2015
March 21, 2016, 13:53, (Property Xpress) - AFI Development, the Russian development arm of Africa-Israel Investments, has announced its net loss ...   read more
New Industrial Zone Proposed for Mizia, Bulgaria
March 21, 2016, 13:49, (Property Xpress) - The mayor of the Bulgarian town of Mizia has signed a memorandum of cooperation with ‘National Company ...   read more

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