PropertyEU

Pik readies major housing scheme in southern Russia

By A staff reporter 2007-09-05T00:00:00

Pik Group said on Wednesday it plans to develop 440,000 m[sup]2[/sup] of housing in the Russian Black Sea city of Novorossiysk. The Russian residential developer, which raised EUR 1.3 bn earlier this year in Europe's largest IPO by a real estate firm, has acquired a 42-hectare plot in Novorossiysk for ...

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