OREANDA-NEWS. June 19, 2008. PIK Group, the leading Russian residential real estate developer, and Storm Properties, PIK’s partner in the commercial market, are pleased to announce the purchase of a 1.5 hectare land plot in Saint Petersburg. Both companies are investing into the project with Storm Properties performing the role of developer.

The site is situated 150 metres away from the international airport Pulkovo-2 in a good location parallel to Startovaya street, in close proximity to the Pulkovskoye Highway as well as the main exit from the airport.

The project, a Class A office complex with a total area of 80,000 sq.m, will be the first commercial project near to St. Petersburg airport. The estimated completion time for the project is four years.