Russian residential real estate developer PIK Group said it has acquired 100% of the shares in CJSC Monetchik, a co-investor in a major residential development in the Kuntzevo region of Moscow. Financial details were not disclosed.
Russian residential real estate developer PIK Group said it has acquired 100% of the shares in CJSC Monetchik, a co-investor in a major residential development in the Kuntzevo region of Moscow. Financial details were not disclosed.
Following the acquisition, PIK said its share in the development is 160,000 m2 of net sellable area and 1870 parking spaces. The project, which is being built by Russian construction company Strabag, is scheduled for completion in 2012.
