Our History - PIK Group

About the company

Our History

PIK Group is a leading Russian real estate developer, focusing on large-scale residential projects within the Moscow Metropolitan Area and selected Russian cities.
Since its foundation in 1994 PIK Group has become a market leader in the mass market residential property sector completing over 19 million square meters of affordable housing across the country which is more than 300,000 residential apartments.
PIK Group has presence in 10 Russian regions and is working on implementing an extensive diversified portfolio of projects. PIK’s total net selling area as of 31.12.2016 consisted of 12,5 million square meters.
Since 2007 the Group has been present on the stock market. Being a public company PIK Group seeks to adhere to leading global corporate governance standards, making it attractive for business development and offering confidence to investors.
The Russian Government included PIK in the list of the nation’s strategically important companies.
In 2015, PIK Group started bringing out to the market fundamentally new products of industrial and poured concrete housing and completely changed the approach to the development of an residential environment in the areas of integrated development.
In 2017, the Analytical Credit Rating Agency (ACRA) assigned the PIK Group a credit rating at the level of BBB + — the highest among Russian developers. The international credit rating from Standard & Poor’s is affirmed at 'B'. In 2017, the Expert RA assigned PIK credit rating of "A-" with a stable outlook.

2017
The Group has completed record 2 million sqm (29 000 apartments)
2016
Ресурс 25
PIK Group acquired Morton Group and became the leading Russian residential developer
2015
The introduction of fundamentally new types of houses with improved aesthetic and consumer properties.
2014
Ресурс 8
The Group was recognized by Euromoney, a British magazine, as the best developer of residential real estate in Russia.
2012
Ресурс 3
The National Rating Agency (NRA) assigned an “A” credit rating to the Group.
2009
Ресурс 4
Obtaining state guarantees from Russian Government.
2007
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Entry into the international financial market (successful IPO on the London Stock Exchange (LSE), RTS (Russian Trading System) and MICEX (Moscow Interbank Currency Exchange)
2005
Ресурс 6
Acquisition of DSK-3 (Moscow Integrated House-Building Factory No. 3)
2004
Entry into the markets of the Moscow and Rostov Regions
2001
Acquisition of DSK-2 (Moscow Integrated House-Building Factory No. 2)
1998
Launch of mortgage programs in cooperation with the Government of Moscow and partner banks
1994
Ресурс 9
Establishment of Pervaya Ipotechnaya Kompaniya (PIK) (First Mortgage Company), a predecessor of PIK Group

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