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24 Nov 2005
Ukraina Sold to Obscure Firm for $274M

The Ukraina Hotel, a Stalin-era landmark on the city's skyline, fetched $274 million from an obscure bidder at auction on Wednesday, beating expectations and underscoring Moscow's image as one of the most attractive -- and opaque -- hotel markets in the world. / Source: The Moscow Times

23 Nov 2005
Global Direct Real Estate Investment set to jump by 20% in 2005, reaching US$550bn

Global direct real estate investment of US$237 billion was recorded in the first half of 2005, 18% up on the first half (H1) of 2004; and is estimated to jump to an all time record of approximately US$550 billion (20% increase on 2004) by the year end. / Source: Jones Lang LaSalle

19 Nov 2005
The XIIIth edition of the International Property and Investment Fair REFE has taken place in Wroclaw

On September 24th and 25th, 2005 the XIIIth edition of the International Property and Investment Fair REFE has taken place in Wroclaw. During two Fair days the show has visited by over 6800 visitors, among which by 3364 accredited participators from 31 countries, who had a chance to see the offers of 256 exhibitors from 10 countries.  / Source: REFE

18 Oct 2005
Town to Lure Millionaires by Faking History

A $3 billion town, twice the size of Monaco, is set to rise on a bend in the Moscow River just west of the city limits, with a citadel, an "old town" and elite suburbs of its own, according to a plan approved by the Moscow region government.  / Source: The ?oscow ?imes

27 Sep 2005
Office Park Takes Business Outside the City Center

Work has begun on the site of Greenwood, Russia's largest suburban business park, which will house 14 top-class office buildings 18 kilometers from the Kremlin. / Source: The Moscow Times

21 Sep 2005
Broker Woos Clients Into Cafes

In a bid to boost interest in small-capitalization Russian stocks, one Moscow-based brokerage is getting into the Internet cafe business. / Source: The Moscow Times

21 Sep 2005
Komatsu Plans to Open Russian Plant

Komatsu, Japan's No. 1 manufacturer of construction equipment, said on Tuesday that it was planning to set up a production facility in Russia. / Source: The Moscow Times

13 Sep 2005
City Offers a Glimpse of Futuristic Metro

The first train arrived at Moskva-City on Saturday as Mayor Yury Luzhkov opened the capital's 171st metro station, Delovoi Tsentr. / Source: The Moscow Times

13 Sep 2005
Factory to Churn Out More Offices

The owners of the Krasnaya Roza factory site, which boasts two of Moscow's most admired industrial conversions, have revealed their plans to spend a further $200 million to increase the project's floor space sixfold. / Source: The Moscow Times

12 Sep 2005
Russian Copycat Dons H&M Mantle

Russia's first H&M store may open without the blessing of Sweden's Hennes & Mauritz, the operator of more than 1,000 clothing stores around the world. / Source: The Moscow Times

07 Sep 2005
Partners Reach Deal on Sheremetyevo Terminal

Sheremetyevo Airport and its largest tenant, Aeroflot, agreed on Tuesday to build the long-awaited Sheremetyevo-3 terminal together, putting aside years of disputes. / Source: The Moscow Times

06 Sep 2005
Car Plant Surrenders Riverfront View

Russia's oldest car firm, ZiL, is to sell off most of its Moscow plant to pay back debt, potentially opening the way for a large new business district on its prime riverfront site five kilometers south of the Kremlin. / Source: The Moscow Times

02 Sep 2005
Infrastructure Fund Starts Taking Shape

The government is close to completing the legal framework for the state investment fund, designed to finance infrastructure projects, a senior government official said Thursday.  / Source: The Moscow Times

29 Aug 2005
RusAl Plans to Tap New State Fund

Oleg Deripaska's Russian Aluminum confirmed Friday that it had joined the race for financing from the state's investment fund, which is being set up to distribute windfall oil revenues for major infrastructure projects. / Source: The Moscow Times

29 Aug 2005
Industrial Zone

Architects hope to turn an abandoned 19th-century factory into a trendy business complex with offices, cafes and art galleries.  / Source: The Moscow Times

12 Aug 2005
St. Petersburg. Siemens, Nokia and Intel plan to help build IT park

Siemens, Nokia and Intel are planning to take part in a project to build an IT park based at the St. Petersburg State Telecommunications University, the university's president Alexander Gogol said at a Thursday press conference.  / Source: Interfax

10 Aug 2005
Luzhkov to Tap New Fund for City Projects

Moscow Mayor Yury Luzhkov said Tuesday he planned to tap into the new state investment fund, which was provisionally approved by the government last week to help pay for major infrastructure projects. / Source: The Moscow Times

09 Aug 2005
Rostov-on-Don. IKEA to build $150 million trade complex

Swedish furniture and home furnishings giant IKEA plans to build a $120-$150 million trade complex in the Rostov region, the Rostov regional administration said in a press release.  / Source: Interfax

08 Aug 2005
Yevroset Seals Competitor Acquisition

Mobile phone retailer Yevroset has gobbled up its oldest competitor, Tekhmarket, in a move set to further strengthen its dominant market position. / Source: The Moscow Times

04 Aug 2005
Parking Fees Hiked, Hot Lines Opened

Drivers were handed a mixed blessing Monday when the city nearly quadrupled the cost of parking in central Moscow but in reality reduced the real tariff by more than half. / Source: The Moscow Times


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