Our History

Since inception within 10 years PIK managed to grow from scratch up to nearly $450mn turnover Company. Thereon between 2004-2007 leveraged on its leading position in Russian real estate and grew 5 times up to $2.3bn turnover company

1994	1998	2001
Inception of PIK First development project in Moscow	Launch of mortgage programs in cooperation with the Moscow City government and banking partners	Started industrial activities via acquisition of DSK-2
2002	2003	2004
First Russian developer to access the bond market	Expansion into Moscow Region One of the leading developers in Moscow and Moscow Region	Expansion into other Russian regions
2005	2006	2007
Acquisitions of DSK-3 and 100 KZE Further regional expansion	Consolidation of assets under PIK Group umbrella	$1.93bn IPO in London and Russian stock exchanges The largest European and the largest non-REIT real estate IPO globally
2008	2009	2010-2011
Included in the list of companies of strategic importance to the Russian economy US$262mn indebtedness refinanced through Vnesheconombank(VEB) loan	Acquisition by Nafta Moskva Restructuring of the largest part of $1.3bn debt $425mn credit facility opened by Sberbank	Completed housing project for military personnel in Podolsk February 2011 - finalized debt restructuring Introduction of new Company’s concept
2012
PIK Group has been assigned an individual A credit rating by the National Rating Agency (NRA), one of the leading ratings agencies in Russia. During the year the Group continued to broaden its sales offices in different Russian cities. The priorities of the Group remain production modernization, new technologies development and building series updating. Within the PIK_2.0 program Group offered its clients apartments with designer’s fit outs and partially furnished apartments. In 2012 Group launched a centralised street retail property management program - PIK Retail. The main goal of the program is lifestyle quality improvement in the Group's residential districts. The high quality of projects built by PIK Group was recognized by the professional community - residential complex The English Town has won the title of The Best Business-Class Project of 2012 at one of the most prestigious competitions in the residential estate market Urban Awards. PIK Group has been named one of the Top employers in Russia for the second year in a row. PIK is the only real estate company, included into this list. The President of PIK Group Pavel Poselenov got the status of The Builder of the Year -2012 within the federal competition.