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 |
|
| 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 |
|
Further regional expansion
|
Consolidation of assets under PIK Group umbrella |
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
|
Restructuring of the largest part of $1.3bn debt $425mn credit facility opened by Sberbank |
February 2011 - finalized debt restructuring Introduction of new Company’s concept
|
Started industrial activities via acquisition of DSK-2
Acquisitions of DSK-3 and 100 KZE
$1.93bn IPO in London and Russian stock exchanges
Acquisition by Nafta Moskva
Completed housing project for military personnel in Podolsk