Attempts by the city to develop its tourist industry and turn Moscow into a global financial capital

As cheaper, larger Soviet hotels, including Rossia, Intourist, Moskva and Minsk have been pulled down over the past few years to make way for five-star hotels like the Ritz-Carlton, room availability have slumped.

How come you're not in Russia yet?

Russia, Ukraine, Romania make up the hottest trio on Eastern Europe's real estate market, with a growing number of investors in Western Europe gluing their eyes to these emerging eastern markets, where a series of mammoth projects are being realised.

Island of Aphrodite Is Breeding Opportunity

Business City Guyot, a company that operates the four-star boutique hotel Guyot and a business center in St. Petersburg, is to sell real estate abroad. Guyot, in cooperation with Leptos Group and the General Consulate of Cyprus in St. Petersburg, will sell residential real estate in Cyprus.

70% of Muscovites expect further growth of real estate prices

Sixty-four percent of the respondents said they needed a better apartment. Over one-third was generally satisfied with their homes but still would like to improve their living conditions. One-third said they would definitely do that. Sixty-nine percent said they could not afford a better dwelling.

Russia: Dixy Raises $360m In IPO

Dixy Group, Russia's third-largest supermarket chain, has raised $360m in an initial public offering after selling stock at the low end of the price range. Investors bought 25 million shares, including 10 million new shares, for $14.40 a share. On 17 May, Dixy had cut the price range to $14.40-$15.80, from an initial range of $16.50-$22.

Russian property group to raise $2.2bn

PIK Group, a Russian residential property developer, said on Friday that it planned to raise up to $2.2bn through an initial public offering in London and Moscow that would value the group at up to $14.1bn.More..

White & Case scoops Russian real estate IPO

The IPO was seven times oversubscribed. This is an indication of investor appetite for Russian real estate transactions. The market is very successful and I can see this developing furtherMore...

Starwoods expands in Russia

Scheduled to open in 2008 following an extensive renovation, the property is in the Petrogradskaya district of St. Petersburg, an area steeped in spectacular art and architecture, imperial treasures, historic opulence and old world charm.More...

St. Pete Signs Off on A Tower With a View

ST. PETERSBURG - The 35 million euro ($47.6 million) project, tentatively approved on April 13, is intended to serve as an observation tower. Its supporters boast that it will allow visitors to see the city from a height almost twice as high as that of the St. Isaac's Cathedral colonnade, which currently offers the best view of the city.

Moscow to Overpace London in Home Prices

Moscow and St. Petersburg were scored the 11th and the 13th respectively and the analysts expect Moscow to dislodge London in ten years. More...

Rosneft Denied House

Experts estimate the real cost of YUKOS real estate at not over $550 million. Until yesterday, no one in the world has ever paid almost $4 billion for a building. Meanwhile, neither experts nor YUKOS claimers know who stands behind Prana.
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Yukos HQ and other properties sell for nearly 4 billion dollars

Moscow - A central Moscow high-rise and other real estate were among the last major holdings of fallen Russian oil company Yukos to sell for 3.89 billion dollars at auction on Friday, as the one-time leading oil firm nears oblivion. More...

In the Spotlight

If someone builds a beach resort in the shape of a palm tree, it can only be a matter of time before the first Russian pop star moves in. And the lucky Tvoi Den readers, shivering in Moscow this week, were given an exclusive photo shoot of singer Valeria and her producer husband Iosif Prigozhin splashing in the sea in Dubai, where they have bought a holiday home.More...

5 Firms Try to Make Market Less Murky

For potential customers, the often murky Moscow real estate sector represents a minefield of costly risk and confusion.
Among the biggest problems facing companies looking to rent office space, for instance, is the bewildering discrepancy between the statistics and classifications offered by various consultancy firmsMore...

Developers Diversified plans to put up malls in Russia

Developers Diversified Realty Corp. is preparing to develop a mall in Russia and another in Ukraine through a joint venture with ECE Projektmanagement, a development concern in Hamburg, Germany.More..

A More Constructive Approach to Building

The pickup in housing construction has yet to have much effect on the availability of housing. In the first quarter of 2007, according to the State Statistics Service, the rate of residential construction was 9.5 million cubic metersMore...

Real Estate Solutions Starts Mall Development in Severodonetzk

The Russian developer company Real Estate Solutions (RES) has signed the contract and started project coordination on mall development in Severodonetz.

Rosneft pays USD 6.8 bln for YUKOS' Siberian assets

Rosneft, Russia's government-owned oil company, paid USD 6.82 billion at an auction on May 3 for Siberian oil producer Tomskneft and other assets formerly belonging to Mikhail Khodorkovsky's bankrupt YUKOS.
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Russia real estate firm PIK confirms plan to float

Real estate developer PIK Group on Friday announced its intention to float in London and Moscow in the latest market listing by a property company riding the Russian capital's real estate boom Read More..

Russia's real estate companies raised more new equity in 2006 than any other sector

Apart from the country's dominant natural resources industry, Russia's real estate companies raised more new equity in 2006 than any other sector. Even so, it is debt that fuels the country's property development boom.Read More..

Israelis Center In On Russia

Israeli real estate company Danya Cebus Ltd. said on Sunday it had won a $60 million project in Russia to build a commercial center. Read More..

Private Equity Investments in Russian Real Estate

Over the past few years we have witnessed private equity investors starting to focus on investing in Russian real estate in addition to investing in industry, media, technology, consumer goods and services
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Western Management Sets Example

Completing a real estate facility consists of several required stages which must be decided prior to bringing the idea to life. Indeed, the success of the entire project depends on the professionalism of the participants at each specific stage and their harmonious cooperation
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