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Magma Acquires Nizhegorodskaya Hotel
October 04, 2011, 8:00, (Property Xpress) - Russian investment company Magma wants to become a major hotelier. It has acquired Nizhegorodskaya Hotel in ...   read more
Shopping Mall Construction Suspended in Romania
October 04, 2011, 7:57, (Property Xpress) - A real estate development company has suspended construction of a shopping and entertainment center in ...   read more
Sberbank Opens RUB 1.1 Bln Credit Line to Developer
October 03, 2011, 15:04, (Property Xpress) - A Moscow-based property developer has received additional funding for construction of its multi-story ...   read more
Croatian Hotel Operator Secures EUR 12 mln Revamp Funding
October 03, 2011, 14:42, (Property Xpress) - Following an agreement with the European Bank for Reconstruction and Development (EBRD), Croatia’s Jadranka ...   read more
Pervobank Sells Mixed-use Office and Hotel Property
October 03, 2011, 14:09, (Property Xpress) - Structures of Russia’s First United Bank (Pervobank) have sold an A-class business center in the city of ...   read more
Grocery Retailer to Exit Serbia, Macedonia
October 03, 2011, 13:39, (Property Xpress) - A grocery chain active in the Balkans is seriously considering withdrawing from the markets of Macedonia and ...   read more
Swedish Firm to Invest RUB 6.5 bln in Russia Plant
October 03, 2011, 13:03, (Property Xpress) - A Stockholm-headquartered company has signed a RUB 6.5 bln investment agreement with the administration of the ...   read more
VTB Bank Lends USD 19 mln to Ukrainian Developer
October 03, 2011, 12:40, (Property Xpress) - VTB Bank has opened a UAH 153 mln (USD 19.2 mln) credit line to a Ukrainian development company. According ...   read more
MCG to Lose 50 Pct Stake in Eurasia Tower
October 03, 2011, 12:17, (Property Xpress) - Russia’s developer Mos City Group (MCG), controlled by Pavel Fuchs, could lose a 50 pct stake in its Eurasia ...   read more
Israeli Firm Obtains EUR 62.5 mln Secured Debt Financing
October 03, 2011, 11:32, (Property Xpress) - An Israeli real estate and investment firm has obtained EUR 62.5 mln in loan funding secured by Romanian ...   read more
Newly Established Firm to Pour USD 350 mln in Industrial Parks
October 03, 2011, 11:02, (Property Xpress) - A newly established company has unveiled plans to invest USD 350 mln, including USD 35 mln of their own funds, ...   read more
New Owners to Complete Markovo Tepe Shopping Mall
October 03, 2011, 10:02, (Property Xpress) - A group of international investors will complete the bankrupt Markovo Tepe Mall in Plovdiv, Bulgaria. "We have ...   read more
PIK Group to Repay RUB 16 Bln to Creditors by June 30, 2012
October 03, 2011, 9:01, (Property Xpress) - Russian property developer PIK Group, which has to repay RUB 16 bln to creditors until June 30, 2012, has ...   read more
Ukrainian Premier Palace Hotel Borrows USD 42 mln
October 03, 2011, 8:59, (Property Xpress) - Kiev-registered Premier Palace has obtained a USD 42 mln five-year loan from Cyprus-based Folkdale Trading ...   read more
AFI Development Consolidates 100 Pct Stake in AFIMall City
October 03, 2011, 8:01, (Property Xpress) - AFI Development, the Russian real estate arm of Africa-Israel Investments, has completed a deal to acquire the ...   read more
EUR 10 mln to Finance Aqua Park Construction in Romania
October 03, 2011, 7:59, (Property Xpress) - A Romanian municipality has signed a contract to receive funding for construction of an aqua park. Last week, ...   read more
Zarah Iliev and God Nisanov to Build Huge Moscow Mall
October 03, 2011, 7:02, (Property Xpress) - Entrepreneurs Zarah Iliev and God Nisanov plan to restore the pavilions and fountains of the Vserossiyskiy ...   read more
Upscale Hotel to Replace Blue Horizon Property in Montenegro
October 03, 2011, 6:57, (Property Xpress) - Plavi Horizontiii (Blue Horizon) hotel complex on the Montenegrin Adriatic coast, previously managed by Morsko ...   read more
Hotel to Replace Substation Building in St. Petersburg
September 30, 2011, 14:17, (Property Xpress) - A three-story substation building on 12, Krestovsky Prospect in St. Petersburg, built in 1959, will be ...   read more
EMCT Romania Plans New Projects
September 30, 2011, 14:01, (Property Xpress) - Euro Mediterranee Consulting (EMCT) Romania, developer of the Bucharest Sun Plaza shopping center, said it is ...   read more
Monterra to Resume Astra Montenegro Construction
September 30, 2011, 13:44, (Property Xpress) - Construction company Monterra will resume development of Astra Montenegro project at Zavala Cape in Montenegro ...   read more
Italian Firm to Build Shopping Center in Russia
September 30, 2011, 12:54, (Property Xpress) - An Italian company has signed a preliminary agreement to build a large shopping center in the historic center ...   read more
Slovenian Group Adopts Restructuring Strategy, to Divest Assets
September 30, 2011, 12:44, (Property Xpress) - A Slovenian holding group has undertaken a three-year restructuring drive, aimed at creating a more efficient ...   read more
Fond RGS Sells Land for Plant Construction
September 30, 2011, 11:29, (Property Xpress) - Russia’s federal fund to promote housing construction (Fond RGS) has sold at auction two plots of land in ...   read more
Update: Sofia Technology Park Project Secures Finance
September 30, 2011, 11:08, (Property Xpress) - The Bulgarian government will receive a EUR 50 mln grant from the OP Competitiveness to finance construction ...   read more

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