print version 

Find company
Home About the ProjectContact usFor the Clients
Enter code or ISIN
 
alpha / industry search

Issuers' Corner
Press Releases
Annual Reports Library

Financial Statements
SEC & FFMS Filings
Corporate Presentations
GM Materials
Issues Documents
Corporate Governance Materials
Russian Company Guide
Company Profiles
Corporate Calendar
Markets Corner
Consensus Estimates
Media Corner
News Line


Get updates



Home  Issuers' Corner  Press Releases REGISTER LOG IN

Press Releases

company search
all press releases
all PIK Group press releases

PIK Group

July 19, 2013

PIK Group to develop a residential ‘business class’ building at Vavilov Street on the former site of the taxi operator

PIK Group, one of Russia’s leading residential real estate developers, announces the acquisition of 96.2% of the shares of OJSC “3rd taksomotorny park” for 1,025.6 million rubles.

The land plot has an area of 1.6 ha and is located in the prestigious district to the South-West from Moscow historical center, within the 3rd transport ring, at Vavilov Street, on land previously occupied by the taxi operator. The project assumes construction of a 32,000 square meter business class residential development. The contemporary residential buildings planned will have all the elements needed for comfortable family living, including a kindergarten and underground parking. 

Project implementation will start in 2014 and construction will be effected within the framework of the industrial area reorganization program. At present, redevelopment of former manufacturing sites represents the most effective way of implementing residential projects on Moscow land plots in attractive locations.

The acquisition is in line with management’s strategy for maintaining the Group’s land bank in the Moscow region through the acquisition of profit-making projects.

 

 

 

Search by industry

Agriculture, Foresty and Fishing | Chemicals | Engineering | Ferrous Metals | Financial, Insurance & Real Estate | Food & Kindred Products | General Construction | Information Technology | Media & Publishing | Non-Ferrous Metals | Oil & Gas | Pharmaceuticals | Power Industry | Precious Metals and Diamonds | Telecommunications | Transportation | Wholesale & Retail Trade

Search by alpha index

A B C D F G I K L M N O P R S T U V W X Z


Site Map
© RUSTOCKS.com
Privacy Statement | Disclaimer