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Sberbank Lends USD 40 mln to Developer
November 14, 2011, 11:07, (Property Xpress) - Russia’s largest lender, Sberbank, has agreed to open a three-year USD 41 mln credit facility to the ...   read more
Update: Italian Firm to Build EUR 8.0 mln Factory in Serbia
November 14, 2011, 10:38, (Property Xpress) - An Italian company will spend EUR 8.0 mln to build a 7,200 sq. m factory to produce window lifters for the ...   read more
Immofinanz Signs Refinance Deal for Moscow Property
November 14, 2011, 10:17, (Property Xpress) - Austria’s real estate investor and developer Immofinanz Group has entered into a long-term credit agreement ...   read more
Sofia Office Property Sale Fails
November 14, 2011, 9:57, (Property Xpress) - Bulgarian Fund Estates REIT, formerly known as Benchmark Fund Estates REIT, has not selected a buyer for its ...   read more
Four Seasons to Open St. Petersburg Hotel in 2012
November 14, 2011, 9:03, (Property Xpress) - The first deluxe hotel in St. Petersburg, to be managed by the international operator Four Seasons Hotels & ...   read more
Developer to Start Romania Shopping Mall Project
November 14, 2011, 9:00, (Property Xpress) - An international property developer is considering starting a shopping and entertainment center project in ...   read more
Deutsche Bank Consolidates 100 Pct Stake in Russian Asset Manager
November 14, 2011, 8:03, (Property Xpress) - Deutsche Bank, through its asset management division, will acquire the remaining 60 pct stake in Deutsche UFG ...   read more
Agrokor Joins Health Tourism Venture
November 14, 2011, 8:00, (Property Xpress) - Croatia’s food producer and retailer Agrokor has announced signing a letter of intent to invest in a project ...   read more
RUB 2.0 Bln to Finance Plant Construction
November 14, 2011, 7:02, (Property Xpress) - A RUB 2.1 bln long-term investment loan is to be provided to the Russian subsidiary of the American glassmaker ...   read more
Macedonian Shopping Mall Project Borrows EUR 19 mln
November 14, 2011, 7:00, (Property Xpress) - A European banking group is providing a EUR 18.9 mln loan to a shopping and entertainment center project in ...   read more
Auchan to Invest RUB 4.5 bln in Russia Stores
November 11, 2011, 10:18, (Property Xpress) - France’s retailer Auchan will spend RUB 4.5 mln to open five hypermarkets in Russia next year, in ...   read more
Hypermarket Operators to Penetrate Bucharest Retail Market
November 11, 2011, 10:02, (Property Xpress) - The city of Bucharest, a market of about two million inhabitants, continues to be attractive for hypermarket ...   read more
DLT Department Store Reconstruction Delayed
November 11, 2011, 9:18, (Property Xpress) - Russia’s Mercury Holding, reconstructing the Leningrad House of Trade (DLT) on Bolshaya Konyushennaya Street ...   read more
Cocor to Restructure EUR 19 mln Loan
November 11, 2011, 8:40, (Property Xpress) - Cocor Bucuresti (COCR), operating a department store in downtown Bucharest, reported RON 21.2 mln in revenue ...   read more
Developer Starts 200,000 Sq. m Housing Project
November 10, 2011, 15:58, (Property Xpress) - A Russian residential property developer has begun construction of a 200,000 sq. m neighborhood. Group of ...   read more
Harat’s Pub to Open First St. Petersburg Outlet
November 10, 2011, 15:42, (Property Xpress) - The first Harat’s Pub outlet in St. Petersburg will open in early 2012 on Nevsky Prospect. The restaurant ...   read more
Moscow in Discussion for 300,000 Sq. m Brownfield Project
November 10, 2011, 15:14, (Property Xpress) - Moscow city authorities are considering the possibility of constructing housing and infrastructure objects on ...   read more
Kiev Business Center Signs Lease Deals
November 10, 2011, 14:05, (Property Xpress) - A Kiev-based business center has signed leased deals for approximately 13,000 sq. m of space. Local-based ...   read more
International Hospitality Group Mulls Russian Entry
November 10, 2011, 13:35, (Property Xpress) - An international hospitality group active in the upscale market segment is retaining plans to enter the ...   read more
Romania Galleria Malls Face 13 Pct Decrease in Value in Q3’2011
November 10, 2011, 13:15, (Property Xpress) - The value of Galleria malls in Suceava, Buzau and Piatra Neamt, developed by GTC, was down nearly 13 pct at ...   read more
Russian Hotel to Undergo RUB 1.4 bln Reconstruction
November 10, 2011, 12:44, (Property Xpress) - A RUB 1.4 bln hotel reconstruction project is scheduled to begin at the end of the current year in the Russian ...   read more
Duvanski Kombinat Podgorica to Build New Factory
November 10, 2011, 12:30, (Property Xpress) - Construction of a new tobacco factory for the Duvanski Kombinat Podgorica (DKP) should start by the end of the ...   read more
Pirelli Adjusts Russia Investment Plans
November 10, 2011, 11:31, (Property Xpress) - Italy’s Pirelli has revised its Russian investment plans. The company has decided to form a single JV with ...   read more
Hotel and Recreation Center Planned for Odessa
November 10, 2011, 11:07, (Property Xpress) - Construction of a 14,500 sq. m hotel and recreation complex, on a land area of approximately 1.29 ha on the ...   read more
YIT to Build High-Rise Residential Building in St. Petersburg
November 10, 2011, 10:26, (Property Xpress) - Finnish real estate developer YIT, which has bought two adjacent industrial sites in St. Petersburg, of 1.1 ha ...   read more

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