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16 Feb 2007
New Capital of Moscow

The updated Stolitsa (capital), whose redesign was completed by London Consulting & Management Company (LCMC), is set to open in March at 6 Kustanaiskaya St. in Moscow. This is the first facility in the fully-redesigned Stolitsa shopping center chain, and the amount of investment has not been disclosed. As a result of the conducted work, Stolitsa’s premises have increased to nearly 2,000 sqm, at the expense of the first floor, on which are located one of complex’s anchor tenants, Detsky Mir. / Source: Commercial Real Estate

15 Feb 2007
Restyling Continues

Seventh Continent is moving ahead with the restyling of several of the chain’s supermarkets. Indeed, specifically, the latest transformation took place at one of the chain’s stores located in the Okhotny Ryad shopping center. / Source: Commercial Real Estate

14 Feb 2007
Accessible Shopping Center

Dominion-M, part of Peresvet-Group, will commence construction this spring on a shopping center of the “accessible-by-foot” format, with the developer investing its own funds in the construction; however, the total amount of investment has not been disclosed. / Source: Commercial Real Estate

13 Feb 2007
Park House Expansion

In the fourth quarter of 2007 construction will start in Rostov-on-Don of the next Park House shopping and entertainment center. When it opens it will be the fifth Park House. The developer of the project is Mall Management (the successor to Vremya). The total volume of investment has not been disclosed. / Source: Commercial Real Estate

12 Feb 2007
Cinema Park Conquers Nizhny Novgorod

Cinema multiplex operator, Cinema Park, is leading the construction of the Cuba cultural and entertainment center in Nizhny Novgorod and has located a co-investor, the local Zemlyane manufacturing group. At the time of the writing of this article Cinema Park representatives announced that Zemlyane is transferring its ownership rights to the Slavyanskaya Gruppa. / Source: Commercial Real Estate

09 Feb 2007
High-Rise Specifications in Moscow Updated

The Moscow City government has developed and approved new norms for the construction of high-rise buildings in the city. Indeed, according to Vladimir Resin, first deputy mayor of Moscow, who made this announcement at a press conference, work is being carried out to implement these specifications throughout Russia. / Source: Commercial Real Estate

08 Feb 2007
Mosmart Buys Chain

Large, Russian retailer, Mosmart has entered the Chelyabinsk market by buying out the local Sezam chain which comprises four stores and was previously owned by Real-Trade. The sale price has not been disclosed. Mosmart plans to launch a new format in Chelyabinsk - Express. / Source: Commercial Real Estate

07 Feb 2007
There Won’t Be a Monopoly

It appears that the entrance on the Russian market of a hotel monopoly in the guise of United Hotel Company (UHC), which was formed at the end of last year, will be postponed. / Source: Commercial Real Estate

06 Feb 2007
Smith to Settle in Russia

At the beginning of March in Moscow the representative office of one of Europe’s largest management companies, Larry Smith, will open. Today the company manages more than 340,000 sqm of retail space in Italy. Moreover, the company will render broker and consulting services for the nearly 170,000-sqm retail facility. / Source: Commercial Real Estate

05 Feb 2007
Childhood in Zyablikovo

Detsky Mir (Children’s World) has opened another hypermarket of its chain of children’s clothing stores in Stolitsa shopping center located in Zyablikovo. / Source: Commercial Real Estate

01 Feb 2007
InterContinental Settles Where Hotel Minsk Was

Bank Rossiisky Credit, part of the Unicor holding company, and the international management company y InterContinental Hotels Group have signed an agreement on partnership, whereby the latter will manage the five-star hotel being built at the former location of the Hotel Minsk. / Source: Commercial Real Estate

31 Jan 2007
Swiss Realty Group Does Some Gardening

Swiss Realty Group, on an exclusive basis, is beginning the leasing out of office space in the class B Jardin Botanique office and business center, which was constructed by Klebcomplekt-Service, the developer and investor of the project. The amount invested in the project has not been disclosed. / Source: Commercial Real Estate

30 Jan 2007
RD Group without Its Construction Management

RD Construction Management, as part of RD Group, has decided to leave the holding company. The company explained that RD Construction Management offered its services “not only to tenants and investors of the Romanov Dvor office center, but also to other clients in Russia” all of last year. / Source: Commercial Real Estate

29 Jan 2007
Changing of the Guard at Pushkin Cinema and Concert Hall

KARO Film concern signed a deal during the closing days of last year to acquire the Pushkin Cinema and Concert Hall for nearly $31 million. The new owner intends to reconstruct fully the famous movie theater, turning it into a modern multi-screen cinema. / Source: Commercial Real Estate

26 Jan 2007
The Mixed-Use Hammer and Sickle

This year Kuznetsky Most Development will begin construction on a mixed-use complex on the territory of the former Hammer and Sickle factory. Jones Lang LaSalle has been appointed as the exclusive agent, and the developer will invest both $300 million of its own as well as attracted funds. / Source: Commercial Real Estate

25 Jan 2007
Factories Fade into the Past

Mirax Group, jointly with Altius Development, an affiliate of Basic Element, intends to construct more than 500,000 sqm of commercial and residential real estate at the location of the First Moscow Instrument Manufacturing Plant, Kazakov. The amount of investment is estimated at $2 billion. / Source: Commercial Real Estate

24 Jan 2007
Tashir Covered in Chocolate

Tashir Group has acquired a master franchise on exclusive terms and conditions from the well-known Belgian maker of premium chocolate, Daskalides. The amount of the deal has not been disclosed. / Source: Commercial Real Estate

23 Jan 2007
Bank Leases Private Residence

VTB Bank has fully leased a class A detached house, located on Pogorelsky Lane, with 1,800 sqm of usable space for its branch. / Source: Commercial Real Estate

19 Dec 2006
New Concept for Moskvich

Metropol management company, part of the eponymous group of companies, is the new owner of the Moskvich territory, having won an auction at the start of December. Metorpol paid $214 million for the property and acquired 54 non-residential buildings from Moskvich. / Source: Commercial Real Estate

18 Dec 2006
Greenwood Tenant

Hilti, a world leader in the professional construction equipment sphere, leased more than 3,200 sqm in a stand-alone office building in the Greenwood business park under construction. The lease contract has not been disclosed and neither has the lease rate. / Source: Commercial Real Estate


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