OREANDA-NEWS. April 18, 2008. The alliance of PIK Group (LSE: PIK), Russia’s largest residential real estate developer, and Storm Properties, the leading commercial real estate developer, has won the award for “Deal of the Year” at the Commercial Real Estate Awards 2008.

The fifth annual CRE Awards (2008) took place on 16 April 2008 at Moscow’s Expocenter on Krasnaya Presnya. As in previous years, the event was a tremendous success, attended by over 1000 real estate professionals who during the evening enjoyed delicious food, artists’ performances and a great atmosphere.

The entire PIK-Storm team presented at the ceremony got up on the stage to receive the award.

“The partnership with the commercial real estate developer Storm Properties is beneficial for both parties and I am sure that in the nearest future the market will understand why we made this strategic step,” said Alexey Tsvetkov, Treasury Director of PIK Group, getting the award.