icon bookmark-bicon bookmarkicon cameraicon checkicon chevron downicon chevron lefticon chevron righticon chevron upicon closeicon v-compressicon downloadicon editicon v-expandicon fbicon fileicon filtericon flag ruicon full chevron downicon full chevron lefticon full chevron righticon full chevron upicon gpicon insicon mailicon moveicon-musicicon mutedicon nomutedicon okicon v-pauseicon v-playicon searchicon shareicon sign inicon sign upicon stepbackicon stepforicon swipe downicon tagicon tagsicon tgicon trashicon twicon vkicon yticon wticon fm

PIK Group sets up Joint Venture with Strabag

PIK Group sets up Joint Venture with Strabag
Russia’s PIK Group has set up a Joint Venture with Austria’s Strabag to focus on Moscow projects.

The new company will be called ILBAU and will be general contractor on several of PIK’s housing projects in Moscow.

PIK Group is a leading Russian property developer which in 2007 carried out the largest ever listing in the European Real estate sector.  Strabag has a growing portfolio of Russian projects and is 25% owned by Oleg Deripaska’s Basic Element holding.