Activities
PIK specializes in the construction and sale of comfort-class residential real estate, primarily in the industrial housebuilding segment, and is a leader on the Russian real estate market. Since the company began its activities (1994), it has built 228 million square feet (30 million square meters) of residential space, or 340,000 apartments, thereby providing housing to over 1 million people. PIK is active in 15 regions of Russia, with a focus on Moscow and Moscow Oblast. PIK has an extensive and diversified project portfolio. As at 31 December 2007, it held a land bank of 123.8 million square feet (11.5 million square meters). In 2018, the company is working on more than 40 integrated real estate development projects in the Moscow metropolitan area, with the majority of these projects focusing on the affordable housing sector. At the same time, the company's portfolio also features several business-class projects, including Vavilova 4, Vander Park, and Mosfilmovskaya. PIK has approximately 13,000 employees and is accredited with 18 major Russian banks.[18] In 2017, the Analytical Credit Ratings Agency (ACRA) assigned the company a rating of «BBB+», which is higher than any other Russian real estate developer, and Standard & Poor's confirmed its «B» credit rating. Also in 2017, Expert ratings agency gave PIK a credit rating of «A-» with a stable outlook. By decision of the Government of the Russian Federation, PIK has been included in the list of systemic companies of the Russian economy. PIK has its own design bureau and modern manufacturing facilities, enabling it to adapt quickly and flexibly to the market's needs. In 2015, the company brought some fundamentally new industrial and monolithic housebuilding products to the market, completely transforming its approach to shaping the internal living environment in new developments. PIK's production facilities include: the Aleksin Reinforced Concrete Structures Plant, the Naro-Fominsk Reinforced Concrete Structures Plant, the Ochakov Reinforced Concrete Structures Plant, the New Construction Systems plant in Obninsk, and the Volga-Form Non-Standard Reinforced Concrete Plant. It also includes concrete mixing units and the production of semi-finished items for the full range of components, embedded items, rigging, formwork, and other related materials. Taken together, these facilities have an annual capacity of 1.5 million m2 of prefabricated reinforced concrete housing units and 500,000 m2 of SEM (Superefficient Monolith) façade structures, fully meeting PIK's requirements for these items. The company is currently constructing houses in two main categories: PIK (Industrial Housing) and SEM (Superefficient Monolith). The basements and ground floors of PIK series buildings are monolithic, with tiled panels used from the first floor upwards. Most of these houses do not have balconies, although they do feature storage rooms for residents, and the façades are fitted with cages for external air conditioning units. This helps to preserve the architectural appearance of the façades. PIK collaborates with both European and Russian design, architectural, and engineering partners, including de Architekten Cie., Gillespies, Steer Davies Gleave, John McAslan+Partners, Urbica, RuGBSC, Aukett Swanke, and Buromoscow. In 2015, the company introduced PIK Standard — its own set of regulations under which all new projects are being implemented. This describes all the parameters of a residential district from the external appearance of the façades to the number of electrical sockets in each apartment. Together with the AFA landscape bureau, PIK created Russia's first PlayHub children's playground in the grounds of the Buninskiye Luga residential district. In 2018, it plans to complete a second PlayHub in the Salaryevo Park district.[19] In 2019, Samokat attracted a $10 million investment from Sergey Gordeev's PIK Group of Companies. The deal between PIK Innovations and Samokat was closed in July 2019. According to the Cyprus Registrar, the PIK group received 27% of Roboretail.[20]
