PIK is negotiating to purchase a land plot on Malaya Nikitskaya Street in Presnensky District of Moscow for construction of an elite residential complex, Vedomosti sources said. It will be the developer's first project under luxury brand Mono. Real estate experts estimate the cost of site at ₽500-600 million. The size of the site allows to build 7-10 thousan...

PIK will build an industrial park in the industrial area of the Center of Informatics and Electronics in Zelenograd. A plot of 8.7 hectares has been allocated from the total territory of the industrial zone on which the applicant plans to build an industrial park with a total floor area of 46 thousand square meters.

PIK founder Sergey Gordeev left his position as general director of the company. He will now focus on corporate governance and strategic development, including new technology areas. The new head of PIK is Ivan Polandov, who had previously been First Deputy CEO.

PIK lost its right to implement the project on the territory of the former sanatorium of the Institute of Balneology and Physiotherapy in Sochi near the Black Sea coast, according to local court decisions. The developer failed to restore the constructivist monument by Shchusev, due to which the Federal Property Management Agency terminated the land lease agr...