Russian Residential Developer Has a Full Plate
An experienced Moscow-based residential development firm, PIK Group, has recently launched sales for a new centrally located project.
By Alex Girda, Associate Editor
Moscow—An experienced Moscow-based residential development firm, PIK Group, has recently launched sales for a new centrally located project. The Michurinskiy residential complex is set in the Russian capital’s downtown area near the frequented Vorobyevy and Poklonnaya Hills, two of the city’s best-known relaxation areas. It is also located in close proximity to the main building of the Moscow State University, an architectural attraction for tourists, as well as the Moscow-City business district.
Located on a massive 49-acre lot, the Michurinskiy residential complex has buildings in varying stages of completion, with some already completed and others still well under construction. Most of the structures feature underground parking facilities, as well as retail areas, services, and resident recreational areas. The massive apartment community is set to also receive education facilities such as kindergartens and schools in the upcoming years. Currently up for sale, apartments in the Michurinskiy complex will appeal to the city’s middle class buyers and with a number of other PIK Group-developed communities, potential buyers seem to be able to choose from a bevy of residential offerings.
PIK was also responsible for the English Town development, a 10-acre development located between Garden Ring Road and The Third Ring Road in a central part of Moscow. Marketed as a high-end residential complex, English Town is located in a point that offers easy access to five metro stations and immediate vicinity to the main boulevards of the area. The development will feature a wide range of floor plans from studio apartments to penthouse units. Parking facilities will offer 1,193 spaces for residents. Sales for units in the Michurinskiy and Novo-Peredelkino apartment complexes, as well as in the Grand Kuskovo development have begun during the first half of 2012. All of the aforementioned projects are currently under development. PIK will also start marketing units in the recently commenced Buninsky, located in the “new Moscow” area, and Mironovsky residential developments some time before the end of 2012.
PIK Group is involved in a number of residential developments throughout Moscow’s metropolitan area, and the company’s work has been acknowledged with its recent naming in the top three public companies in Russia according to the quality of publicity. Organized by the National Association of Corporate Secretaries, the competition had entries by 70 different Russian companies. On the podium with PIK Group were also VTB bank and NLMK, a metallurgical company.
