Russian residential developer PIK Group has begun construction of a new building design, the KOPE tower, in response to what the company calls the widening gap between supply and demand in the Russian housing market. The high-rise building has 25 storeys, each with 6-7 apartments of different sizes, ranging from 1-4 rooms. Particularly suitable for plots with a small footprint, the new design, developed and manufactured by DSK-2, one of PIK's core prefab production facilities, has a net sellable area of 11,600 m[sup]2[/sup]. This is almost double that of other designs such as the KOPE-M-Parus, not just due to the number of storeys but also to a more efficient layout.

Russian residential developer PIK Group has begun construction of a new building design, the KOPE tower, in response to what the company calls the widening gap between supply and demand in the Russian housing market. The high-rise building has 25 storeys, each with 6-7 apartments of different sizes, ranging from 1-4 rooms. Particularly suitable for plots with a small footprint, the new design, developed and manufactured by DSK-2, one of PIK's core prefab production facilities, has a net sellable area of 11,600 m2. This is almost double that of other designs such as the KOPE-M-Parus, not just due to the number of storeys but also to a more efficient layout.

The tower design will be used at various housing projects, such as Yubileyny and Novokurkini in Khimki, and Yaroslavski in Mytischi, both in the Moscow region. The company plans to build an underground car park beneath the building at a later stage.

Chief executive Kirill Pisarev said: 'Russia has a gap between supply and demand for refurbishment and replacement of housing for the population. At the same time, cities such as Moscow and its satellite cities possess limited available land plots'. He added that the new building will also allow projects to be completed in a shorter time. PIK, which was founded in 1994, targets primarily the middle income housing market in Russia.