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03 Mar 2004
Nizhny Novgorod to raise state real estate rent

The Nizhny Novgorod region's government has adopted a decree on the introduction of a coefficient of a tenant's line of business to calculate the rent to be paid for state real estate. The document has introduced a single technique for the leasing calculation in the region... / Source: NAUFOR. SKRIN Issuer

02 Mar 2004
Hotel Sector Sees Much Talk and Little Action

It was a year of grand announcements and little action for Moscow's hospitality real estate sector in 2003. While other sectors made headlines, there were no large-scale hotel projects completed in the city.  / Source: The Moscow Times

17 Feb 2004
Battle On for Control of Moskva-City

City Hall may loose control over City, the company that manages the $12 billion Moskva-City project. SPI Group, controlled by vodka tycoon Yury Shefler, one of City's shareholders, is planning to issue additional shares in order to put the managing company under its full control ... / Source: The Moscow Times

10 Feb 2004
A Landmark Year for Moscow Property

The Moscow real estate market is booming. Realtors agree that 2003 was the best year to date since the Soviet Union's collapse and are anticipating even greater growth in 2004. / Source: The Moscow Times

04 Feb 2004
Real Estate Market Sees Growth in All Areas

St. Petersburg real estate increased sharply in overall cost in 2003 as the real estate market experienced significant growth, experts say ... / Source: The Moscow Times

03 Feb 2004
Moscow Tops Real Estate Profit Survey

Staff Writer Moscow has the highest real estate returns and development prospects of any city in Europe, while remaining one of continent's least developed markets, according to a new survey released jointly by the Washington-based Urban Land Institute and PricewaterhouseCoopers.  / Source: The Moscow Times

29 Jan 2004
First Cinema Park Multiplex Opens in Moscow

With the opening of its first multiplex in Moscow last week, Cinema Park has entered the fray in the battle for Europe's largest movie audience.  / Source: The Moscow Times

20 Jan 2004
4th IKEA Store Opening in Kazan

KAZAN, Tatarstan - Swedish furniture giant IKEA will venture into the regions beyond Moscow and St. Petersburg for the first time in March with the opening of a new store in the Volga region city of Kazan.  / Source: The Moscow Times

23 Dec 2003
Delayed Shopping Mall Might Need a Redesign

Construction of a new shopping center on the spot of the famous Worker and Collective Farm Girl monument by the entrance to the All-Russian Exhibition Center, or VVTs, may begin in early 2004. / Source: The Moscow Times

09 Dec 2003
Mall Space Set to Double by

Shopping center floor space in Moscow will more than double by the end of 2005, as international retailers invest up to $2 billion in Russia over the next five years, according to a recent retail market profile by property consultants Stiles & Riabokobylko. / Source: The Moscow Times

02 Dec 2003
Private Investors Get In on the Action

With the first completed sale of its shares on MICEX last week, the Pervy (First) real estate investment fund, managed by Concordia Asset Management, became the first collective investment vehicle for private Russian investors looking for returns on the country's booming residential property market. / Source: The Moscow Times

02 Dec 2003
St. Petersburgers Preview Their Own Local IKEA

No longer will St. Petersburgers haul IKEA gadgets and accents back in their luggage from their trips to Moscow or Helsinki. With the opening of the IKEA Kudrovo store, local residents will be able to take advantage of the famous Swedish home furnishings chain closer to home. / Source: The Moscow Times

28 Nov 2003
Banks Provide Real Estate Answers

As the real estate market in St. Petersburg becomes more civilized, banks will play an increasing role in attracting institutional investors. This tendency was highlighted by experts from Colliers International at ... / Source: St Peterburg Times

25 Nov 2003
Knight Frank, PMC Join Forces

International property consultants Knight Frank have entered the Russian market through a merger with local company Property Marketing Consultants, or PMC, the company announced last week.  / Source: The Moscow Times

04 Nov 2003
Moskvichka Center Sold, May Become Casino

Sindica, a holding company that operates a number of markets around the city, has bought the Moskvichka shopping center on Novy Arbat, one of Moscow's oldest and most famous retail complexes. / Source: The Moscow Times

28 Oct 2003
IKEA Plans Bigger, Better Mega Mall

IKEA, the firm that brought us Mega mall, Eastern Europe's biggest shopping and entertainment center, is planning to go one better with the construction of Mega mall 2. / Source: The Moscow Times

21 Oct 2003
Annual Survey Says Moscow Top Target for European Firms

MOSCOW - For the first time since 1998, Moscow is not the worst city in Europe for doing business - it's the third-worst, according to an annual survey of the continent's largest companies.  / Source: St Peterburg Times

21 Oct 2003
Class A Offices Planned for Moskva-City

Severnaya Bashnya, or Northern Tower, a subsidiary of Severstaltrans, has signed an agreement with Austria's Strabag to build a $120 million, class A 75,000 square-meter office center in the planned Moskva-City complex near the Moscow River. / Source: The Moscow Times

17 Oct 2003
Moscow Top Target for European Firms

For the first time since 1998, Moscow is not the worst city in Europe for doing business -- it's the third-worst, according to an annual survey of the continent's largest companies. / Source: The Moscow Times

07 Oct 2003
Booming Shopping Centers to Get First Rating

A new scheme to rate Russian shopping centers, unveiled last week by industry group the Russian Council of Shopping Centers, or RCSC, aims to establish a recognized classification system. / Source: The Moscow Times


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