Chelyabinsk Nezabudka has launched its own Dar City hypermarket chain with the area from 5 thousand sq. m. Experts believe that obtaining the status of a multiformat operator with large areas will enable Nezabudka to sell the business to a large strategic investor at a profit.
Major operators in Russian clothes retail are allying against leaseholders. Participants of clothes market are setting up an association primarily intended for negotiating more advantageous rent rates with shopping center operators. Experts doubt the success of the undertaking.
Office price growth in Moscow keeps heading the records. At the present time acquisition of office real estate outside of the center will cost companies more than acquisition of retail real estate in the same district of Moscow.
Following currently developing project of Moscow business center Moskva-City, city authorities gave the green light to an even more capacious undertaking: urban planning council under the Mayor of Moscow ratified the strategy of Big City project implementation. 21 mln. sq. m of premises, mostly residential, will be built on about 1 thousand ha of land.
Moscow authorities have found an unexpected way to make use of Shukhovskaya Tower at Shabolovka. As early as this year it will be cleared from radio transmitters left there, and an entertainment center will be founded there afterwards.
Inteko and Mirax group have found out the way to increase the number of construction sites in Moscow. The Mayor approved implementation of a pilot project for transferring overhead electricity supply network underground on the North-East of Moscow.
Success of Swedish furniture selling network IKEA on Russian market forced to review the attitude towards other Scandinavian retailers’ activity in our country.
City authorities have finally approved the project of Fili-Davydkovo area construction where Mirax Group assumed to demolish 28 five-storey houses and to construct 1 million sq. metres of a business class accommodation....
Arabic Alshaya continues expanding onto the Russian market. The owner of Next and Mothercare chains’ franchises will be developing one more British format in Russia, the chain of youth clothes River Island stores.
Metropolitan authorities have started implementing a program of constructing panel hotels in Moscow. Yesterday Moskomarkhitektura approved pre-project proposals on construction of a three-star hotel using the facilities of Yubileiny line of houses of panel plant DSK-1 in place of the Tourist Hotel that is to be pulled down.
After a federal law “On shared construction” was adopted, investments in real estate via closed-end mutual investment funds (ZPIFN) became more widespread. Market players started gradually taking notice of an almost vacant niche nowadays: investing in the land and projects associated with the land.
While capital expenditure on Central European road infrastructure is expected to increase, the huge number of projects will mean that not all the ones expected to be financed from the current EU budget will be executed, a report predicts.
Saving funds on the highways construction will be used only for road and bridge construction. About this on September 6 said First Deputy Moscow Mayor Vladimir Resin.
Project of a dental clinic in Zelenograd won the city contest "The best realized project in investment and construction - 2009". About this was announced at a ceremony awarding of this prestigious annual city contest.
President Obama has unveiled an expensive plan to re-build America and beat the recession. On the back of more gloomy jobs figures, the president wants to spend the equivalent of around 40 billion euros over six years to re-vamp the US’s ageing, roads, railways and airports.
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