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Greek Restis Group Takes over Sveti Stefan Resort in Montenegro
July 28, 2009, 11:23, (Property Xpress) - Greek Restis Group, owned by shipping magnate Victor Restis, has taken over the Singapore-based Amanresorts, ...   read more
Anchor Group Stops Office Building Project in Bucharest
July 28, 2009, 10:46, (Property Xpress) - Anchor Group, developer of the Bucuresti Mall and Plaza Romania shopping centers, has stopped construction ...   read more
USD 470 mln Retail Center to Open in 2010 in St. Petersburg
July 28, 2009, 10:40, (Property Xpress) - Russian construction company Briz will put Galeria retail center into operation in October 2010, Deputy ...   read more
Construction Starts on Winter Center in Serbia
July 28, 2009, 9:28, (Property Xpress) - Construction work has begun on a winter-tourist center in Serbia. The project, estimated at EUR 120 mln, will ...   read more
Russian Investor to Buy out Unfinished Developments in Regions
July 28, 2009, 9:26, (Property Xpress) - A big Russian investor has started talks with regional developers to buy out incomplete projects, as part of ...   read more
Update: AFI Development and Chinese Guanda to Invest USD 700 mln in Shopping Scheme in Moscow
July 28, 2009, 8:57, (Property Xpress) - An agreement on joint participation in establishment of a center for trade and cultural cooperation ‘Asia’ ...   read more
Domus to Replace Office Compound in Green Plaza with Hotel One
July 28, 2009, 8:36, (Property Xpress) - Donetsk-based company Domus has changed the concept of its Green Plaza retail and office center in the city ...   read more
Never-ending St. Petersburg Hotel Project to Be Demolished
July 28, 2009, 8:10, (Property Xpress) - St. Petersburg-based hotel project Severnaya Korona, on the banks of the Karpovka River, will be demolished, ...   read more
Neocity to Resume Work in Romania in September
July 28, 2009, 8:04, (Property Xpress) - Israeli developer Neocity Group, with over EUR 500 mln invested in Romania so far, will resume work on ...   read more
Aisi Turns in USD 13.6 mln Net Loss in 2008
July 28, 2009, 7:25, (Property Xpress) - Aisi, a property investment company focusing on development projects and related investments in Ukraine, ...   read more
VTB/Deutsche Bank Fund Eyes Moscow Hotel
July 28, 2009, 7:24, (Property Xpress) - VTBC-DB Real Estate Partners I L.P real estate fund, set up in May by VTB Capital and Deutsche Bank, plans to ...   read more
Kiev Hotel Rates See Biggest Drop in 2009
July 27, 2009, 14:16, (Property Xpress) - Since the beginning of 2009, the occupancy rate of Kiev hotels has decreased by 10 to 20 pct, according to a ...   read more
M-Industry Restarts Residential Project in Sochi
July 27, 2009, 12:38, (Property Xpress) - M-Industry plans to complete construction of a 20-story high-rise building in Sochi in late 2009. The first ...   read more
LSR Group Wins St. Petersburg Flats Tender
July 27, 2009, 11:39, (Property Xpress) - City House Building Company (GDSK), a solely owned subsidiary of LSR Group, has won the open auction for the ...   read more
AFI to Set Up JV with Chinese Company for Moscow Supermarket Chain
July 27, 2009, 10:35, (Property Xpress) - AFI Development, the Russian real estate arm of Africa-Israel Investments, plans to set up a joint venture ...   read more
Investment Proposal Submitted for 46,000 sq. m Distribution Facility in Bulgaria
July 27, 2009, 10:35, (Property Xpress) - An Austrian development company has prepared an investment proposal for construction of a logistics center in ...   read more
Tashir to Bet on Discounters
July 27, 2009, 9:36, (Property Xpress) - Russian holding company Tashir will bet on discounters, in a move aiming to find market niches unaffected by ...   read more
Contract Signed on EUR 100 mln JV Investment in Croatia
July 27, 2009, 9:29, (Property Xpress) - On Friday, an agreement on implementation of the Mandalina project in Sibenik, Croatia was signed. Mandalina ...   read more
Large Entertainment Park to Pop Up in Montenegro
July 27, 2009, 8:52, (Property Xpress) - Russian development company Mirax Group plans to develop the biggest entertainment park in Europe near the ...   read more
VTB Gets Prestigious Residential Property against Debt
July 27, 2009, 8:47, (Property Xpress) - Russia’s state-controlled by VTB bank has taken ownership of prestigious residential real estate near Moscow ...   read more
Kopeyka in Talks for USD 65 mln Loan
July 27, 2009, 8:01, (Property Xpress) - Russian retail house Kopeyka, one of the biggest retailers on the local market, is in talks for a USD 65 mln ...   read more
UK Developer to Commence Bulgarian Golf Course Project in 2010
July 27, 2009, 7:53, (Property Xpress) - A British property developer plans to start construction work on its golf course project near the central ...   read more
USD 100 mln Resort Complex Planned for St. Petersburg
July 27, 2009, 7:04, (Property Xpress) - St. Petersburg-registered company City Real Estate Agency plans to invest about USD 100 mln in development of ...   read more
Retailer Borrows EUR 150 mln for Romanian and Bulgarian Expansion
July 27, 2009, 7:02, (Property Xpress) - A German hypermarket chain will receive a EUR 150 mln loan to open 20 stores in Romania and 13 stores in ...   read more
Donetsk to Provide Preferences for Hotel Investors
July 24, 2009, 14:41, (Property Xpress) - Donetsk City Council has adopted a decision on introduction of preferences for investors who will build hotels ...   read more

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