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No MIRAX Any More

March 3, Board of MIRAX, formerly, one of the biggest developer in Russia, has desided to stop MIRAX brand and TM respectively. As official notice says, all obligations will be fullfilled, particularly for projects with back from Sberbank (Moscow City project, for instance) Mirax Plaza flows away to GazStroyConsult which is, according to rumors, very close to Prime Minister Vladimir Putin. Most undefined issue is with international projects and desicision will be taken according the mutual agreement with local partners. The same situation with Mirax Plaza in Kiev. No information about its destiny so far So, say goodbye to MIRAX...but who care the names     
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New MD in Multi Development In Ukraine

There are news on the market - one of the biggest retail developers, Holland-based Multi development had nominated Gawein Minks to Managing Directors in Ukraine. Previously, Mr. Minks has been involved as Senior Developer in company' Head Office in Holland It seems the main goal for new MD is further development, financing and lease for brand new SC in Lviv, Forum Lviv. Multi Development itself considers this time as good one for existing and new opportunities in Ukraine.  
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Globus Ex-owner Forecasts RE Situation

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Alexander Melamud, ex-owner of Globus SC and current owner of one of the biggest retail property in Kiev - Dream Town is trying to set kind of forecast for the future. He is stating that within 4-5 year real growth in real economy, as well as for the investment prices for prime properties is not possible. Also he explained that ready to sell out his own properties, but there are no suitable offers so far. "I guess there is small possibility for that", said Melamud. "Now, I'm on the track with several real estate and restaurant projects in Russia, but I wouldn't like to discuss it".  
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New General Manager in InterContinental Kyiv

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Hotel Chain InterContinental Hotels Group (IHG) is officially appointed Carsten D. Reiher as General Manager for 5-star InterContinental Kyiv. Carsten Rahere joined to  IHG group in 1989 as F&B manager  assistant in the Crowne Plaza Heidelberg  hotel . With over 20 years experience in the hotel business, he has repeatedly in charge as general manager of such renowned hotels like InterContinental, Crowne Plaza, Crowne Plaza Resort, Holiday Inn and Holiday Inn Resorts throughout Europe and the Middle East.  During his career Carsten Reiher involved in opening, closing, re-branding and re-positioning of a number of world-class hotels. Let's give our best vishes to Carsten in his duties in a hotel and pleasant living in Kiev.  
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ECO Tower Last Minutes Progress

It seems, our property will be launched pretty soon :) We have a small fan-club here, so, please find last pics from SkyscraperCity group  here
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NAI Pickard Short Kiev Market Survey for 1H 2010

NAI Pickard has published a NAI Pickard survey of Kiev property market for the 1st 1H 2010. The survey highlights the main macroeconomic indexes for Ukraine and describes main trends in commercial and residential markets in Kiev. Download link (PDF)
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Odessa' Hippodrome Land Plot Sold Out. Again. Hope To See Acteeum. Again

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C ouple days ago, Odessa State Municipality sold out a land plot, close to hippodrome. As far as we know, this land has been acquired some time ago by Acteeum Group with intention to build a biggest shopping center in Odessa. But there where many problem with that deal those days. I had one bit of info before. The news stated that new (anonymous!) buyer did pay UAH 73 mln (USD 9.24 mln.) for this asset and Buyer has project drawing. I have no ideas who might be that buyer except Acteeum. I do not believe in such  coincidence .   If I am right, we have to expect new retail property in town at the near future.  
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