16 April 201209:28

RED Group might be put up to auction

UrBC was informed that the Yekaterinburg-based RED (Real Estate Development) Group might be soon sold by auction.

This group of companies was set up in 2005 through a merger of a few real estate businesses. RED Group of Companies comprises an investment company, a construction company, and a management company. The group is currently running over twenty projects, the key ones being A Class business centers Palladium, Senate, and President and a Class B+ business center called Galleon.

The company itself denies the possibility of the business being offered for sale.

‘Any rumors of such sort would definitely reach me, but this never happened. I deny this ‘news’,’ RED’s Deputy Director-General Andrei Braude told UrBC.

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A-class business centers don’t enjoy great demand in Yekaterinburg, BC-Nedvizhimost says

‘The A-class business centers are not enjoying any great demand in Yekaterinburg at the moment. This is mainly due to the high prices, as most people prefer to rent B-class offices: they have enough quality yet are less expensive, ‘BC-Nedvizhimost’s expert Darya Peranskaya said to an UrBC reporter. There are currently three A-class business centers in Yekaterinburg; these are World Trade Center Yekaterinburg, Senate, and Palladium. A few other centers will probably be introduced in the near future, centers like Forum Mall (put up by Forum Group), Yekaterinburg-City and Ural Guards (Ural

14 December 201221:21

RED Gives Up on Building Class A Business Centers

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29 September 200821:21

Class A label is tokenism, RED claims

‘The lack of a clear-cut classification of business centers is still a problem. When putting up a building like this, the developers usually use the criteria elaborated by the ‘Big Four’: Colliers International, Cushman & Wakefield / Stiles & Riabokobylko, Jones Lang Lasalle, and CB Richard Ellis / Noble Gibbons. These are the criteria that allow the developers, the investors, the consultants, and the brokers to classify a business center as belonging to class A, B+, or B- and they are naturally based on the tenants’ needs,’ says RED Management Company’s Deputy GD Andrei Braude.

16 October 201821:21

KORTROS President Wins RREF Awards

UrBC, Yekaterinburg, October 16, 2018. President of KORTROS Group Veniamin Golubitsky won the prestigious national real estate prize RREF Awards in Reputation & Trust, RSG-Akademicheskoye’s press service reports. The category applies to nominees seen as the most progressive and successful developer/real estate market leaders whose personal contribution to their business development and to the overall market’s growth truly stand out. Veniamin Golubitsky has been running KORTROS Group (known as Renova-StroyGroup before 2013) since 2005; the company deals in development projects that offer

13 April 200721:21

Miel Real Estate to invest $70 million in construction of Academic district of Yekaterinburg

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