London-listed Pik Group, one of Russia's leading residential real estate developers, has reached an agreement with Sberbank of Russia on the expansion of its programme to make mortgages available to Pik customers for properties that are at the final stage of completion.

London-listed Pik Group, one of Russia's leading residential real estate developers, has reached an agreement with Sberbank of Russia on the expansion of its programme to make mortgages available to Pik customers for properties that are at the final stage of completion.

Under the new agreement, two mass market projects in Moscow and Moscow region have been added to the programme, which offers base contract terms to customers, including loan-to-value of up to 85%, a RUB interest rate at 10-13.5%, and maturity of up to 30 years.