GIC Real Estate is partnering with Russia's PIK Group to develop a large urban township in the city of Mytischi in Russia. The 114-hectare site is located in the Moscow region to the northeast of the capital. GIC Real Estate will acquire a 25 per cent stake in the project for US$233 million (S$336 million). A CB Richard Ellis appraisal carried out 12 months ago valued the site at over US$1.3...
