High-end residential housing
PIK also selectively develops high-end residential housing projects, mostly located in Moscow.
Key selected projects in high-end residential housing
| Total NSA*, sqm | 99 555 | Total budget, $ | 311 721 705 |
| Total NSA* (PIK Share), sqm | 71 861 | Total remaining budget, $ | 169 052 533 |
* All data as of June 30, 2011
The English Neighborhood residential development is located between the Garden Ring Road and the Third Ring Road just to the south of central Moscow. The area is very popular among home buyers. More than twenty embassies are located in the area. The English Neighborhood is conceived as a district of high-quality residences. Access to the Property is convenient by both public and private transport. There are five metro stations in the neighborhood’s vicinity: Shabolovskaya, Dobryninskaya, Serpukhovskaya, Octyabrskaya and Tulskaya. Access is also very convenient from the city’s main roads: Leninsky Prospect, Bolshaya Yakimanka, Bolshaya Polyanka and Pyatnitskaya Streets. The area is very well developed in terms of amenities.
The Property is constructed of cast reinforced concrete. Buildings will include studio apartments, apartments and penthouses. The commercial properties will include premises located on the ground floors of the residential buildings. PIK will also build an underground parking garage with 1,193 spaces (PIK’s share is 835).
The residential properties will be delivered in shell and core condition as standard. The commercial properties will also be delivered in shell & core condition.
| Total NSA*, sqm | 399 429 | Total budget, $ | 222 185 192 |
| Total NSA* (PIK Share), sqm | 63 761 | Total remaining budget, $ | 155 055 706 |
* All data as of June 30, 2011
Michurinsky Prospect is situated in south west Moscow between Kutuzovsky and Leninsky Avenues. The location is considered very prestigious for middle-class accommodation. The area is undergoing rapid development; the majority of new buildings are of quality monolithic concrete construction with underground parking facilities. The area is well developed in terms of amenities.
Access to the Property is convenient by both public and private transport. Universitet and Vernadskogo metro stations are fifteen minutes away by public transport.
The Property comprises a 19.03 ha site in the course of development with several buildings of monolithic concrete construction. The project complies with business class residential standards.
| Total NSA*, sqm | 122 200 | Total budget, $ | 781 997 733 |
| Total NSA* (PIK Share), sqm | 122 200 | Total remaining budget, $ | 478 338 924 |
* All data as of June 30, 2011
The Property is situated in the general area of Big City on Mantulinskaya Street near the Third Transport Ring and 1905 Goda Street. The Delovoy Tsentr metro station is within a 10-minute walk from the site. Moscow City, Expocentre, World Trade Centre office developments, and the building of the Government of the Russian Federation are located in the vicinity. Access to the Property is convenient by both public and private transport.
Furthermore, according to Governmental project documentation and approvals it is planned to build a four-lane road in close proximity to the Property.
Currently the site is occupied by the former Krasnopresnensky sugar plant which is currently used as warehousing. The plant will be removed, and the highest and best use of the land plot will be the construction of a complex including residential apartments, retail and hotel accommodation with appropriate social infrastructure. The land plot will be developed with business class residential and apartment buildings of monolithic concrete structure, a 4 star hotel for 155 rooms, a retail complex of around 20,000 sq m rentable areas and an underground car park for more than 3,700 spaces.
| Total NSA*, sqm | 84 300 | Total budget, $ | 263 462 630 |
| Total NSA* (PIK Share), sqm | 82 758 | Total remaining budget, $ | 92 197 969 |
* All data as of June 30, 2011
The Property is situated between Profsoyuznaya Street and Leninsky Prospect close to the Moscow Outer Ring Road (MKAD). The nearest metro station, Teply Stan, is located slightly beyond walking distance. The location is very popular in terms of access, amenities and quality of residential buildings in the area. Access to the Property is convenient by both public and private transport.
The Property comprises land plots of 3.39 ha total area in the course of development with a number of buildings of monolithic concrete construction. The residential buildings will comply with economy class standards.
The Property will also contain two underground car parks with 1,697 parking spaces. The concept includes the construction of some social facilities such as a child care centre and fitness centre.
