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

lse100x.jpg$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

NAFTA_resize.jpgAcquisition by Nafta Moskva

Restructuring of the largest part of $1.3bn debt

$425mn credit facility opened by Sberbank

logo2.0.pngCompleted housing project for military personnel in Podolsk

February 2011 - finalized debt restructuring

Introduction of new Company’s concept


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.


In the second quarter Company successfully completed its charter capital increase. The final size of the completed capital increase was RUB10.45 billion (equivalent to USD 330 million). This number represented a significant increase from the initially announced minimum size of USD150 million, which was set following the receipt of preliminary commitments to participate in the open subscription from Nafta Moskva and a number of other investors. The additional USD180 million which has been raised through the accelerated share offering and open subscription follows strong investor demand.

National Rating Agency has increased the individual local credit rating of PIK Group up to «A+». The change of the credit rating of the PIK Group is driven by positive operational and financial performance for 2012 and 1Q2013, growth of equity through the capital increase in June 2013, as well as successfully implemented strategy of deleveraging.

In November 2013 the Group merged two of its Moscow based industrial housing plants, DSK-2 and DSK-3, and a transport company PIK-Avtotrans into one business unit. By integrating the plants, PIK plans to achieve important efficiencies. These include investing in the modernization of a single production site rather than two, bringing core competences closer together and reducing annual operating costs. Operational effectiveness will also be improved by centralizing management functions and creating one service and purchases center.

Strategic investors Alexander Mamut and Sergey Gordeev have acquired the stakes of PIK Group from entities affiliated with Suleyman Kerimov Foundation.


PIK Group has reached a new stage associated with increased business efficiency, optimization of the organizational structure of the Company and a large-scale modernization of production facilities to create a new competitive contemporary product. PIK Group’s largest shareholder, Sergey Gordeev, became its President, which had a positive impact on the operational performance of the Company.

According to the study of news agency "INFOLine-Analytics" and the publishing house "Kommersant" PIK Group ranked second in the list of the largest developers in Russia.

In 2014, PIK Group has also been awarded the highest rating by the international professional community. The group was recognized as the best developer of residential real estate in Russia according to the British magazine Euromoney. International rating agency Standard & Poor's assigned the company a corporate credit rating of B with a positive outlook.

Group fully restructured its debt, which improved financial flexibility of the Company

By the decision of the Government of the Russian Federation PIK Group was included in the list of Russian strategic companies. Despite the unstable economic situation, the Group showed consistently high level of sales and continued with the new and ongoing development projects.

PIK Group has introduced a fundamentally new industrial and monolith housing products with higher aesthetic and consumer characteristics.

World Finance Magazine recognized PIK Group as the best developer of residential real estate in Europe. RA "Expert" assigned the Group a credit rating of A + with a stable outlook