PIK Group buys new development site in Nizhniy Novgorod, Russia for 68.6 mln usd |
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Published
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Mon, 10 Sep 2007 08:46 |
LONDON (Thomson Financial) - PIK Group said it has acquired a 20.5 hectare plot of undeveloped land in Nizhniy Novgorod, Russia, for about 68.6 mln usd through a tender offer.The Russia's residential real estate developer said it sees strong growth potential in Nizhniy Novgorod, adding that it continues to acquire attractive assets in Russia's regions.TFN.newsdesk@thomson.comjjo/bsu/lamCOPYRIGHTCopyright AFX News Limited 2007. All rights reserved.The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News.
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