Russia's property fund employees arrested

A police spokesman said Monday an investigation at the fund's headquarters is part of "an earlier criminal case into charges of embezzlement and misuse of property," RIA Novosti reported.

Singapore Real Estate GIC Looks to Move into Russia

The property arm of the Government Investment Corp of Singapore is looking to move into Russia and Turkey but is "extremely careful" in the London office market where prices have soared. The head of GIC Real Estate also sees promise in the U.S. office sector, saying the market has strong fundamentals, and did not expect yields there to narrow further.

Century 21 outlets in Russia by the end of the year

Realogy, the biggest residential real estate broker in the United States, aims to double its Century 21 outlets in Russia by the end of the year to take advantage of a construction boom, Realogy vice president Bill Hunt said Thursday.

Kazakh Evraziya Enters Ukrainian Real Estate Market

One of the most powerful players on the Russian real estate market, the Kazakh investment & industrial group.

Alfa Close $321M Russia, Ukraine Real Estate Fund

JER Partners, the global real estate investment arm of the J.E. Robert Cos., and Alfa Capital Partners, the Moscow-based private equity and real estate investment group affiliated with Russia's Alfa Group, have announced the final closing of the Marbleton Property Fund. The $321 million fund will focus on investment across all property sectors in Russia and Ukraine

Investment in Russian real estate increased to $4.2 billion last year

TriGranit, Hungary's biggest property company, will spend about 5 billion euros ($6.7 billion) to buy companies and develop real estate in Russia, chairman Sandor Demjan said in an interview.

Moscow remains the world's most expensive city for expatriates

Moscow remains the world's most expensive city for expatriates with London close behind after rising three places due to the weakness of the dollar, an annual cost of living survey published on Monday said.

Aberdeen will launch a Russian property fund

The fund will be a diversified product investing in commercial property. It will manage commercial real estate investments in Eastern Europe, with an initial focus on Russia.

St. Petersburg Real Estate

The revamped New Holland Island in St. Petersburg will open to public in 2010, First Deputy Prime Minister Sergey Ivanov said Sunday, the RIA Novosti news agency reported. The official countdown began on Sunday, the final day of the St. Petersburg International Economic Forum.

Moscow real estate booms

Property prices have tripled in two years; £200 a sq ft is about average, but values in the best areas – say, Old Arbat or Patriarch’s Ponds – can reach £3,000 a sq ft, a rate more than Roman Abramovich paid for his mansion in Eaton Square. The typical entry price for a central flat is about £500,000,

Kyiv real estate market participants

According to the Kyiv real estate market participants, in April 2007, the housing prices have grown by 1.3 pct on average to USD 2,478 per square meter. The market players establish stagnation.

Property developer PIK Group raised $1.8 billion

The firm said Friday that it had priced its Moscow and London IPO at $25 per share, at the bottom of its guidance of $25 to $31, signaling a fading appetite for Russian developers and IPOs in general after a flurry of placements.

Residential Investment Rating Downgrade for Moscow, Russia

Moscow property prices are now among the highest in Europe, at from US$10,700 to US$20,500 per square metre in the key areas of central Moscow where the elite and foreigners live.

Commercial Property Investment Rises 38%

Investment reached $682 million last year and "the trend will continue in 2007," said Peter Hensby, senior consultant for capital markets at Jones Lang LaSalle in Russia. The country has "a low share of free space, a lot of planned projects and the business climate is improving."

Hilton set for big push into Russia

Hilton hotels group is to announce plans for a big expansion in Russia and Britain with the development of about £800m worth of new properties across both countries.

Moscow property investment warning

The case for investing in property from Moscow Russia has taken a blow after The Global Property Guide who advises international real estate investors branded it too expensive. Moscow property prices are now among the highest in Europe, at from US$10,700 to US$20,500 per square metre in the key areas of central Moscow where the elite and foreigners live