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15 Jun 2007
CDT Sells Hotels ASAP

The Corporation for the Development of Territories (CDT) group of companies has sold the 36-room four-star Mezzanine Hotel, the latest facility sold by the company, located on Kadashevskaya Embankment. / Source: Commercial Real Estate

15 Jun 2007
Investors appreciated potential of regional markets of commercial real estate

Within 5 days, from the 10th to the 15th of June, 19 world level investors from Great Britain, the USA, Netherlands, Sweden, Norway and Russia visited 6 Russian cities in the context of Road Show Discovery Week: on Top of Russia. Such event was held for the first time in Russia. / Source: Commercial Real Estate

14 Jun 2007
CRE Federal Awards 2007 Come to Sochi

In the Radisson SAS Lazurnaya in Sochi, work began today on the final event for the CRE Federal Awards 2007. Impress Media publishing house, under the auspices of Commercial Real Estate magazine, has organized the sixth annual event. / Source: Commercial Real Estate

14 Jun 2007
The High Cost of Height

The existing Stroganovsky class A business center on Nevsky Prospect is being put up for sale. / Source: Commercial Real Estate

14 Jun 2007
Offices in TakeOff Position

The company Jones Lang LaSalle is the exclusive consultant of the Aeroplaza business center, which is being built right in the middle of the Pulkovo III business zone on ul. Startovaya (plot 4). According to plan, the center will open January 2008. / Source: Commercial Real Estate

14 Jun 2007
Rubin to Mix It Up

Rubin construction and investment holding company is set to begin construction at the end of this year on an approximately 136,000-sqm mixed-use hotel and business complex slated for delivery at the end of 2008 at 1 Vasilisa Kozhina St. in Moscows West Administrative District. / Source: Commercial Real Estate

14 Jun 2007
Planets to Appear in Major Cities

RosEuroDevelopment has begun construction on the Planeta (Eng. planet) chain of interregional shopping and entertainment centers in Russian cities with populations of at least one million citizens. / Source: Commercial Real Estate

13 Jun 2007
No Vacancies in Central City Tower

The class A Central City Tower office and business complex, located on the embankment of the Moskva River, has been fully leased out by tenants, as reported by Knight Frank. / Source: Commercial Real Estate

13 Jun 2007
RBI Broadens Its Horizons

St. Petersburg-based RBI Holding Company, whose majority shareholder is Morgan Stanley, plans to expand beyond Russias so-called northern capital and begin completing commercial as well as residential projects in Moscow, the Moscow Region, Yekaterinburg, Tyumen, Almaty and Kiev. / Source: Commercial Real Estate

13 Jun 2007
Jet Setting throughout Russia

Impress Media publishing house is conducting an investor tour entitled Discovery Week: On Top of Russia from June 10-15. / Source: Commercial Real Estate

09 Jun 2007
Law and Order in Retail

Moscow authorities have passed a new law regulating retail. As part of the seventh international forum entitled Retail World, which was held on June 6-7 in Gostiny Dvor in Moscow, municipal authorities and entrepreneurs participated in a talk show. / Source: Commercial Real Estate

08 Jun 2007
Architectural Design as a Competitive Advantage

When developing new hypermarkets, developers would be wise to abandon building the typical cookie-cutter stores and begin creating unique architectural facilities. / Source: Commercial Real Estate

01 Jun 2007
Atlas Flexes Development Muscles

Atlas Retail very shortly will commence construction on the 90,000-sqm Povolzhe shopping and entertainment center located on a 20-ha plot. Also on the territory in the near future a residential complex with a recreation zone will be built. Povolzhe trading house is the client of the entire project and is also the investor in the construction. / Source: Commercial Real Estate

01 Jun 2007
Vester Goes National

Moskommertsbank will finance the construction of the Vester national chain of hypermarkets. As of today, two lines of credit at $15 million and $18 million apiece are open, with the bank set to loan Vester $350 million to develop business. / Source: Commercial Real Estate

01 Jun 2007
DVI Group Takes Carousel Ride

The 87,000-sqm first phase of the shopping and entertainment center being constructed by DVI Group opened in Volgograd at the end of May. A 13,500-sqm Carousel hypermarket opened in the first phase, and this is the first store in the Southern Federal Region. Previously, the chain was in Izhevsk, St. Petersburg and the region, Moscow and the Moscow Region as well as Podolsk and Nizhny Novgorod. / Source: Commercial Real Estate

31 May 2007
Passage to Penza

The technical opening of the Passage shopping and entertainment center in Penza took place at the end of May. The Passage development company, which built the center, apparently was set up specifically for completing this project, as no information on the company has been disclosed. / Source: Commercial Real Estate

31 May 2007
They Will Build it Here

M.O.R.E Moscow Real Estate has laid the first stone in the construction of the Dvintsev Business Center earmarked for completion in the fourth quarter of 2008 near Savelovskaya subway station at 14 Dvintsev St. / Source: Commercial Real Estate

31 May 2007
Alcon Moves In Next to Metropolis

Construction has begun on the class A Alcon Business Center on Leningradskoe Shosse, near Sokol subway station. Alcon Development, specially set up in England for investing in the Russian market, is completing the project, and around $200 million is slated for investment in construction, of which $40 million will be the companys own funds, with the remaining amount being attracted. / Source: Commercial Real Estate

31 May 2007
Sistema-Hals, X5 Retail Group Meet at Crossroads

Sistema-Hals, owner of the Detsky Mir chain of childrens stores, and X5 Retail Group have signed a permanent partnership agreement, according to which Perekriostok (Eng. crossroads) supermarkets will be anchor tenants in all of Sistema-Hals retail projects. / Source: Commercial Real Estate

28 May 2007
Academic Investor

Renova-StroiGroup found investors at the Russian-Austrian business forum, which recently concluded in Vienna, to complete its ambitious Academic project in Yekaterinburg. The investors are Raiffeisen Centrobank AG and Strabag. / Source: Commercial Real Estate


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