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News

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15 Dec 2006
Using leasing as a financial instrument

In today’s market, one of the most potential areas of growth is the leasing of commercial real estate. Deals are made in order to acquire commercial real estate for the sole purpose of leasing it. / Source: Commercial Real Estate
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13 Dec 2006
HyperGlobus Opens Pilot In Shchyolkovo

HyperGlobus, the Germany-based chain of hypermarkets, opened its first store in Russia in the Moscow satellite town of Shchyolkovo at the beginning of December. The chain’s number of stores worldwide increased to 48 with the opening. / Source: Commercial Real Estate
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12 Dec 2006
GULFSTREAM for All Seasons

GULFSTREAM Engineering, specialists in the installation of security systems and building management systems, will supply the required security system for the Vremena Goda (Seasons) shopping and entertainment center (SEC) currently under construction on Kutuzovsky Prospect in Moscow. / Source: Commercial Real Estate
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11 Dec 2006
Professional Entertainment

At the beginning of December in the Cosmic entertainment center, Beta Link hosted the yearly bowling tournament among commercial real estate specialists. Sixteen teams took part in the competition, among them being: DVI Group, SMT Developments, ROSS Group, Sawatzky, Magazin Magazinov, Panfilov Podkova and Partners, CB Richard Ellis Noble Gibbons, Jones Lang LaSalle, Cushman & Wakefield Stiles & Riabokobylko, Knight Frank, DTZ, Ermak and others. / Source: Commercial Real Estate
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08 Dec 2006
Correction

In issue No.23 (60) for December 1-15, 2006, a factual error was made in the news “The City Is Encircled by MEGAs”. / Source: Commercial Real Estate
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06 Dec 2006
VimpelCom Moves to Hermitage Plaza

VimpelCom has signed a preliminary lease agreement with the developer of the class A Hermitage Plaza business center Forum Properties. The company will lease a total of 31,600 sqm for 10 years in all three of the center’s buildings. / Source: Commercial Real Estate
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05 Dec 2006
Coalco Builds a City

Coalco has begun construction on the Bolshoe Domodedovo project on a 3,046,000-ga 3046 ???.?? plot. As part of the national project entitled Comfortable Housing for the Citizens of Russia, 12 million sqm of residential premises will be built, as will be social and commercial facilities. / Source: Commercial Real Estate
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04 Dec 2006
Miel Counts Its Success

About 100 franchise offices will be opened by the company Miel throughout Russia in the next year. Miel is part of the holding company Miel-Real Estate, which also controls a management group for commercial real estate and development, known as UKND. / Source: Commercial Real Estate
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21 Nov 2006
Norilsk Buys Nickel Assets of U.S. Firm

Mining giant Norilsk Nickel said Monday that it had agreed to buy Cleveland-based OM Group's nickels assets for $408 million in cash.  / Source: The Moscow Times
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10 Nov 2006
Companies prefer Moscow City

KPMG, one of the world’s leading Audit and Advisory companies, has signed contracts to lease 13.400 sq m of office space in the ENKA’S Class A business centre Naberezhnaya Tower in Moscow-City, with an option to expand further. Jones Lang LaSalle acted as the exclusive adviser to the tenant. CB Richard Ellis Noble Gibbons and Jones Lang LaSalle are co-exclusive leasing agents of Naberezhnaya Tower.  / Source: ENKA
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10 Oct 2006
Starbucks Heading to Moscow

Starbucks, the ubiquitous U.S. franchise of coffee shops, has announced it will open its first coffee shop in Russia next year, citing a growing consumer market and taste for Western name brands. / Source: The Moscow ?imes
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10 Oct 2006
200 Seven Sisters for a New Moscow

Perched over the Semyonovskaya metro station, the Monte Falcone office building stands 16 partially constructed floors tall. When finished, it will feature 35 stories of mid-priced glass-and-steel commercial space. / Source: The Moscow ?imes
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26 Sep 2006
15 ?ountries participated in the REFE 2006

The participation of almost 300 exhibitors from 15 countries and 3 550 participants from 24 countries added splendour the 15th jubilee International Investment and Property Fair REFE 2006 taking place the 22nd – 23rd September 2006 in Wroclaw.  / Source: REFE
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18 Sep 2006
GUM’s repositioning

Vladivostok plans to reposition the oldest shopping center in the city – GUM – built in 1864. Moscow’s Torgovy Kvartal will be responsible for the building’s renovation. / Source: CRE
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14 Sep 2006
New OK Retail Chain

Dorinda which is currently building OK hypermarkets in St. Petersburg and other cities has launched the development of a new retail chain – OK Express. It will comprise supermarkets which are small-scale copies of the larger OK sites. There are already two supermarkets operating under the new brand. / Source: CRE
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05 Sep 2006
S&P Boosts Ratings in a Surprise Move

Standard & Poor's surprised investors Monday by boosting the country's sovereign credit one notch to BBB+, citing Russia's "astute fiscal management".  / Source: The Moscow Times
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05 Sep 2006
$77M Golf Complex to Be Built on Uglich Bogland

German investors looking to give the country's burgeoning golf industry a boost are building a $77 million golf resort in Uglich, 240 kilometers north of Moscow. / Source: The Moscow Times
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05 Sep 2006
A Spaceship to Land in St. Pete

St. Petersburg has chosen a Japanese-designed "spaceship" as the new home of the city's beloved football team, Zenit. / Source: The Moscow Times
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05 Sep 2006
Mitsubishi Execs Visit St. Pete

Executives from Japanese carmaker Mitsubishi have visited St. Petersburg with an eye on building a possible assembly plant in the city, the head of its distributor in Russia said Monday. / Source: The Moscow Times
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29 Aug 2006
There are only a couple weeks left until the 15th International Property and Investment Fair REFE

There are only a couple weeks left until the 15th International Property and Investment Fair REFE. On 22nd and 23rd September the capital of Lower Silesia will live the REFE– an event that brings to Poland the biggest investors from all over the world.  / Source: REFE
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