OREANDA-NEWS. March 09, 2011. PIK Group (LSE: PIK), one of leading Russian residential real estate developers, today announces the results of a revaluation of its properties, conducted by the independent appraiser CB Richard Ellis as of December 31 2010.

Key highlights
Total net selling area amounted to approximately to 10.6MM square meters (10.76MM as of July 1 2010), of which 97% is represented by residential area;
The market value of the remaining portfolio was slightly down to USD 2.4bn (July 1 2010: USD 2.56bn) due to new sales to customers incurred;
Market portfolio value per square meter equaled USD 227 (July 1 2010: USD 238).
Market portfolio value per share was at USD 4.9 (July 1 2010: USD 5.2)
Top10 key projects accounted for 64.2% of total market value (July 1 2010: 65.9%)