PIK acquires major development site in the city of Krasnodar (RU)

PIK Group (LSE: PIK), one of Russia's leading residential real estate developers, announced its expansion into a further new city in Russia's regions with the acquisition of a major land plot in the city of Krasnodar.

The total area acquired is around 24 hectares on which PIK plans to develop approximately 250,000 m

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