Real Estate News

VTB Wins Ruling Against Chigirinsky

  • August 25, 2009
VTB has won a 3.24 billion ruble ($101 million) suit in a London court against Shalva Chigirinskys company, a VTB spokesman said Monday.

Mirax Will Stop Funding Construction Projects

  • August 21, 2009
Mirax Group, facing the threat of court-ordered asset seizure over its debts to Alfa Bank, will stop financing its construction projects, CEO Sergei Polonsky wrote on his blog Thursday.

Kerimov Purchases Rebuilt Voyentorg

  • August 20, 2009
Suleiman Kerimovs Nafta Ko holding has become the main owner of the legendary Voyentorg department store in central Moscow.

Moodys Warns on Mortgage Bonds

  • August 19, 2009
Delinquencies on Russian, Ukrainian and Kazakh mortgages packaged into bonds rose this year as their currencies weakened against the dollar, making it harder to repay debts, Moodys Investors Service said Tuesday.

Court Freezes Mirax Assets

  • August 19, 2009
Assets worth $241 million belonging to parts of Mirax Group were frozen on Tuesday.

Putin Sets Price Guide For Regional Housing

  • August 17, 2009
Prime Minister Vladimir Putin said Friday that the price for comfortable, quality housing in the regions should not exceed 30,000 rubles ($950) per square meter and that at least 40 percent of the population should be able to afford apartments.

Moscow Still Has Top Hotel Rates

  • August 10, 2009
Moscow continues to top the chart of the worlds most expensive travel destinations, according to a report published by the British travel services company Hogg Robinson Group on Thursday.

Banks Loom Large at Moskva-City

  • August 03, 2009
Sberbank and VTB own or hold mortgages on nearly every building going up in the Moskva-City business district, an unexpected outcome of the financial crisis that has forced the state banks to add the risky portfolio of real estate to their traditional business of lending.

IKEA Reaches Deal On Samara Outlet

  • July 31, 2009
IKEA reached an agreement with the government on the completion of its mall in the Samara region, allowing the Swedish retailer to open the complex almost two years after construction was finished, the Economic Development Ministry said Thursday.