Construction market in Russia and Eastern Europe - Contractors & developers

PIK Group ends 2011 with revenues of RUB 52bn

Tue, 31 Jan 2012 00:00:00 +0100

There was a 30.5% increase in the revenues of the Russian developer the PIK Group in 2011 – in comparison with 2010 – to RUB 52.1bn (€1.3bn). Of this, sales of residential ...

MCG may loose Eurasia tower

Fri, 20 Jan 2012 00:00:00 +0100

Demoginet Limited of Cyprus and allegedly affiliated with Nafta Moscow, has won a lawsuit against the company Tekhnoservis – a subsidiary of the developer MoscowCityGroup ...

Supreme Court approves controversial delisting of St. Petersburg architectural monuments

Thu, 19 Jan 2012 00:00:00 +0100

The Russian Supreme Court ruled that the St. Petersburg authorities were acting in accordance with the law when they de-listed 38 architectural monuments from the protection list ...

Hals Development takes control of the only joint development with French Apsys

Tue, 03 Jan 2012 00:00:00 +0100

Russia's Federal Antimonopoly Committee (FAS) has approved the acquisition of 50% of Hals-Invest Development, part of developer Hals Development, by Sapidus Holdings from System Apsys ...

Etalon-LenSpetsSMU issues additional capital

Mon, 12 Dec 2011 00:00:00 +0100

Etalon-LenSpetsSMU, a large St. Petersburg developer, has issued additional capital of RUB 2.1bn (€52.5m), or 1,750,000 shares. The company, which was founded in 1987, is present ...