Russian real estate group PIK has purchased two land plots, comprising 88 hectares, in the city of Yaroslavl for an undisclosed sum. The London-listed company plans to develop 880,000 m[sup]2[/sup] of housing on the sites. The plots are located close to PIK's current developments in Yaroslavl and the latest acquisitions bring their total area under development in the city to over 1.1 million m[sup]2[/sup].
Swiss real estate group Investis has boosted its real estate holdings with the CHF 139 mln (€149 mln) purchase of prime residential properties in Vaud canton.
