Infrastructure Looms Large In Russian Issuance

Western politicians may regard Russian President Vladimir Putin as controversial, but international investors and Russian issuers believe he is a stabilizing force for the economy and equity market. His decision, announced in September, that he would retain a significant political role after he steps down as president next March reassured investors.

Equity volumes issued by Russian companies this year suggest investors' concerns about political instability in the run-up to the Dec. 2 parliamentary elections were measured. Total equity-capital-market issuance has reached a record $32 billion this year, up from $20 billion at the end of last year and $6 billion ...

Russia's Teorema valued at $1.4-$1.8

MOSCOW, Nov 19 (Reuters) - Teorema Holding, parent company of Russian real estate developer Teorema, has been valued ahead of its share offering at $1.39 billion to $1.82 billion by IPO coordinator Renaissance Capital, market sources said on Monday. Teorema, which operates in Russia's second-largest city of St Petersburg, said last week it planned an IPO of global depositary receipts (GDRs) on the London Stock Exchange. It seeks to raise $500 million before the end of this year.

Evaluation of Teorema without debt was between $1.07 billion and $1.49 billion, the financial sources said.

Russian real estate firm LSR raises $772 mln in IPO

LSR Group (LSRGq.L: Quote, Profile , Research) raised $772 million on Friday with a flotation priced in the middle of the offer range, as Russia's commercial property and housing booms on the back of rising incomes and economic growth.

The company, which focuses on Russia's second largest city of St Petersburg, the home-town of President Vladimir Putin, said it had priced the offering at $14.5 per Global Depository Receipt and at $72.5 per local share.

Sharing the Rent Nightmare

Moscow housing is quickly slipping out of reach of people earning average salaries. Alexei Kudryavtsev of Mian.ru real estate agency said apartment rental prices in Moscow had increased by 95 percent since 2000. The biggest price increases were in 2004 (20 percent) and 2007 (30 percent). According to the real estate analytical web site IRN.Ru, it is getting hard to find any apartment in Moscow below $1,000 a month. Such apartments make up less than 15 percent of the rental market. To rent a place for a sum below $700, you would have to go to the Moscow region.

Rybnitsa real estate doubles in price

In less than a year, real estate in Rybnitsa has doubled in value. But to purchase a home in this city in northern Pridnestrovie is still cheap, especially for newcomers to the region when compared to prices elsewhere in the unrecognized country or outside the country's borders.

" - Since the beginning of this year, home values have nearly doubled in the Pridnestrovian city of Rybnitsa," Valentina Povoroznyuk, director of a Rybnitsa-based real estate agency, told Barbara Nikitin from the New Region news service on Thursday.

Cushman & Wakefield has become the first Retail Knowledge Partner of MAPIC

Global real estate consultant Cushman & Wakefield has become the first Retail Knowledge Partner of MAPIC, the international retail real estate market.

Global real estate consultant Cushman & Wakefield has become the first Retail Knowledge Partner of MAPIC, the international retail real estate market.

This comes at a time when MAPIC is set for an all-time record number of participants, with numbers up by 15 per cent at the same time last year. In 2006, MAPIC welcomed 8,698 attendees.