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News

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30 Sep 2003
Exhibitions Are Following Retailers Out of Town

A new trend toward out-of-town exhibition centers could come just in time for Moscow exhibition organizers as they face a space squeeze. / Source: The Moscow Times
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26 Aug 2003
Enka

Enka Insaat ve Sanayi, Turkey's biggest builder and energy producer and a major player in Moscow's real estate market, said that first-half profit advanced 13 percent as sales increased. / Source: The Moscow Times
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19 Aug 2003
St Petersburg furniture trader to build hypermarket in Moscow

The furniture trading house Master-Mebel (MM), headquartered in St Petersburg, secured the right to build a furniture hypermarket in Moscow, on the grounds of the Goods Delivery Enterprise under RF President's Administrative Department. The investment contract will be signed by President's business-manager ... / Source: Delovoj Petersburg
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08 Jul 2003
Moscow Region Gets First Class A Building

Moscow region's first class A building, located in the fast-developing district of Khimki close to the Moscow Ring Road, will be ready for internal fit-out in October. / Source: The Moscow Times
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25 Jun 2003
MOSMART CHALLENGES ACHAN

Retail trade is the most sensitive indicator of the state of the economy. So if Russian retail business can at last afford to open the most promising and capital-intensive type of shopping center, the hypermarket, it means things are looking up in the country.*  / Source: MOSCOW NEWS
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18 Jun 2003
New-look MOSKVA-CITY PROJECT

The immense foundation pit on Moscow's Krasnopresnenskaya Embankment is no more. Instead there are underground parking garages, interchanges, and utilities infrastructure. This,however, will not evolve into a city of skyscrapers, as conceived 11 years ago at Mosproyekt-2's city planning workshop No. 6 under the supervision of Boris Thor.*  / Source: MOSCOW NEWS
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10 Jun 2003
$80M Project Aims to Revitalize Central Site

Construction and investment company Realtex is to build an $80 million top-end retail, office and residential complex called Neglinnaya Plaza on a 1.22 hectare site inside the Boulevard Ring. / Source: The Moscow Times
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03 Jun 2003
A Towering Project at Paveletsky

When executives of Turkish construction and development giant Enka look down from their offices atop the 26-story, 111-meter Paveletsky Tower, they see many of their own creations, which have transformed the area into one of the city's ...  / Source: The Moscow Times
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26 May 2003
Mega Mall Managers Blast IKEA on Way Out

Mega Mall has lost two of its top managers, who warned that the IKEA-owned complex risks losing a number of its 250 tenants if it alienates them through stifling rents and prickly management policies. / Source: The Moscow Times
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15 May 2003
City Votes to Hold On to Nearly All of Its Land

More than 18 months after the law allowing land sales in cities came into force, the Moscow City Duma on Wednesday passed in a third and final reading a bill letting the city remain the owner of most of the land in the capital. / Source: The Moscow Times
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31 Mar 2003
Rush for retail

A vision of the future of Russian retail has unveiled itself in the form of giant superstores and hypermarkets. However, the old kiosks could be slow to fade into the past.  / Source: Russia Journal
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31 Mar 2003
All roads lead to retail

With developers out of space in the city center, land in Moscow’s farthest suburbs is suddenly holding new appeal. Moscow is undergoing a retail boom, but, with little room left in the center, developers now face the problem of finding new sites where they can build retail space.  / Source: Russia Journal
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25 Feb 2003
Hotels: Expansion, or Too Little, Too Late?

Despite an impressive number of hotel-construction projects having been started, market analysts are predicting that the St. Petersburg's accommodation facilities won't be able to meet the demand created by the increasing inflows of tourists. The more pessimistic are even expecting there to be ... / Source: St Peterburg Times
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21 Feb 2003
Growing demand for

The concept of "smart" buildings has longed ceased to be something new in the real estate world, and, though not all developers and investors know exactly what it is, demand for smart real estate is growing all the time. Indeed, this market segment has grown almost fivefold over the last three years.  / Source: Russia Journal
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21 Feb 2003
Holdings enter the real-estate market

The commercial real-estate market has become so attractive for investors that now major Russian holding companies have turned their attention its way. The end of the last year and the beginning of this year saw a number of investment companies declare their intentions to invest in office and hotel space.  / Source: Russia Journal
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05 Feb 2003
Supermarket Versus Hypermarket

The government is reportedly drafting a document laying down new rules of the game in the retail sector. When it is out, the share of Western retail companies in Russia will be limited _TX At first we were happy to see the demise of Soviet-era groceries which gave in, without a fight, to supermarkets.  / Source: MOSCOW NEWS
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17 Jan 2003
First stage of Sennaya Square complete

It may have been a long time in coming, but work on St. Pete’s planned new retail and transport center is making headway.After more than 10 years of stalling, the city government of St. Petersburg has finally completed the first stage of the reconstruction of Sennaya Ploshchad, or Haymarket Sq.  / Source: Russia Journal
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Gostiny Dvor expands inwards

The Gostiny Dvor department store has launched the pilot project of expansion of the commercial premises by involving the structures standing in the inner court. The inner circular building has four storeys, reproducing the outside contours. The inner structures are connected by four passages. Via two of them ... / Source: Delovoj Petersburg
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