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Eastnine AB’s divestment of the holding in the Russian fashion retailer Melon Fashion Group (MFG) is completed. The purchase price of approximately RUB 15.6 billion, corresponding to €146 million calculated at an exchange rate of €/RUB 107, is in Eastnine's account in a European bank. Eastnine immediately initiates exchange o...
Bonava intends to divest its subsidiaries in St. Petersburg, and has reached an agreement with buyer RBI Group. Completion of the divestment is contingent on approval from authorities.
Bonava has entered into an agreement to divest Bonava’s subsidiaries in Russia for a purchase price of approximately €98m (SEK 1.1bn). The net financial impact amounts to approximately SEK -0.1 to -0.3bn and will be recognised when the transaction is finalised which is expected to be within six months. The closing of the tran...
The total stock of SBU (Small Business Units) / LML (Last Mile Logistics) space in the CEE-15 countries accounts for over 3 million m², but the development of this market is not evenly spread in this region. The largest amount of space is located in Poland (circa about 2 million m²), reveals a new report by Colliers: "ExCEEdi...
Warimpex Finanz- und Beteiligungs AG to announce the acquisition of a 56 per cent stake in the two Jupiter Towers at Airportcity St. Petersburg. All of the prerequisites for the closing were satisfied and the transaction was closed on 28 December 2021.
Warimpex Finanz- und Beteiligungs AG to announce the acquisition of a 10 per cent stake in the project company AO Avielen A.G. The seller is UBM Development AG, which has now fully withdrawn from the project. The parties involved agreed not to disclose the price. Warimpex now holds a stake of 100 per cent in Avielen, the proj...
According to latest benchmarking data, Switzerland tops the tables as the most expensive country in Europe in which to employ an office worker, says Colliers International’s latest Occupiers Cost Index shows.
Befimmo has reached an agreement, subject to a condition precedent, on the granting of a 99-year leasehold on the Blue Tower for a total amount of about €112 million.
Eastern Property Holdings Ltd (EPH) today announces audited 2019 year-end results: The net profit attributable to the shareholders of $40.68 million ($4.01 per share) and the positive cumulative translation adjustment (CTA, reflected as the other comprehensive income in equity) of US$27.73 million contributed to the US$68 mil...
In October–December 2019, YIT started construction of two new apartment buildings in Russia. The projects are located in Yekaterinburg and Tyumen. The total value of the projects is approximately EUR 22 million, with nearly 500 apartments to be completed. The start-ups of the apartments are booked in the order backlog of the ...
According to JLL, the vacancy rate in Stoleshnikov Lane declined to a historical low of 9.5%. In addition, in Q4 2019 there was an overall contraction in vacant premises on Moscow central street retail market. The main reason was the increased number of store openings in Q4 2019. Moreover, annual growth of openings was observ...
Mainland Europe hotels have seen better months. A 5.0% decline in average room rate dropped RevPAR 3.2% year-over-year in July, and with total revenue not faring better, GOPPAR in the month was down an unsettling 9.4% YOY, according to data from HotStats.
Prime residential rental growth across leading world cities slightly picked up pace during the first half of 2019, rising 0.9% to take average year on year growth to 1.3%. This continues a four-year long pattern of low level, but steady increases, resulting in the first uptick in average yields since late 2014 as capital valu...
in the first built-to-suit deal on the country's office market, Etalon Group has sold a 16-storey, 34,000 sq m office building to Raiffeisenbank. The building will be located in the territory of the Nagatino I-Land business park on Andropova Avenue 18 in Moscow. This is the largest deal closed in the office real estate mark...
The total volume of Moscow office take-up grew by 27% YoY and amounted to 361,000 sq m in Q2 2019, according to JLL. In H1 2019, the indicator reached 646,000 sq m.
The H1 2019 take-up volume in the Moscow region increased by one-third YoY and reached 854,000 sq m of which over 500,000 sq m transacted in Q2 2019, according to JLL. The demand of logistic companies has grown the most significantly. The share of logistics in the take-up structure has risen to 31% from 14% in 2018, deals vol...