Mytischi
From Taighde
Mytischi is a city in Russia where a joint partnership between the PIK Group and GIC Real Estate will develop a $1.3 billion property site. GIC will take a 20% stake in this project. The stake cost $233 million.
This is the first investment in Russia by GIC Real Estate
PIK Group said the Mytischi township project spans about 114 hectares, and comprises about 1.14 mmillion net sellable square meters.
The township will contain 50 high-rise apartment buildings, 13 low-rise commercial buildings, five elementary schools, seven kindergartens, two medical polyclinics and about 17,470 parking spaces, offering housing to about 50,000 residents. The project is expected to be completed in 2013.
