Construction market in Russia and Eastern Europe - Contractors & developers

Glavstroy forms joint venture to complete a project of five-star hotel in Sochi

Mon, 23 Aug 2010 00:00:00 +0200

Glavstroy, a Russian development holding, found a partner - Otel Development - for the construction of a hotel intended to host the Olympic Committee members during the 2014 games ...

VTB bank extends loan to AFI Development

Wed, 04 Aug 2010 00:00:00 +0200

VTB bank has decided to extend a loan to the AFI Development for the construction of the Mall of Russia shopping centre in the Moscow International Business Centre. This will now be ...

LSR becomes involved in yet another project in Moscow

Mon, 26 Jul 2010 00:00:00 +0200

The LSR group, which is active mainly in St. Petersburg, is expanding onto the Moscow construction market. The developer entered the residential project in the south-west of Moscow ...

AFK Sistema sells remaining stake in Sistema Hals

Tue, 13 Jul 2010 00:00:00 +0200

AFK Sistema (AFK) has sold its remaining stake in Sistema Hals – 27.6% – to VneshTorgBank (VTB), the holder of one of the most substantial stakes in the developer, through ...

Sberbank has provided a RUB 1.2bn credit to SU-155

Wed, 16 Jun 2010 00:00:00 +0200

During the week of May 20 - May 26 Sberbank provided a RUB 1.2bn (€31.5m) credit to the construction company SU-155. Around the end of May 2010 it was publically announced that ...