Billionaire behind Europe’s top builder wants to disrupt housing


Gordeev thinks the homebuilding industry is due for a disruption. — Photo by Randy Fath on Unsplash

Russian billionaire Sergey Gordeev, whose PIK Group PJSC surged nearly 140% this year to become Europe’s most valuable homebuilder, thinks his industry is due for a disruption or risks going the way of gas-guzzling cars and brick-and-mortar stores.

Gordeev has ambitions to transform his company, now worth about US$13bil (RM54.44bil), into a global leader in modular housing that can build towering apartment blocks in weeks and establish a platform that makes buying and renting apartments more like shopping for groceries online.

Play, subscribe and stand a chance to win prizes worth over RM39,000! T&C applies.

Monthly Plan

RM 13.90/month

RM 11.12/month

Billed as RM 11.12 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 9.87/month

Billed as RM 118.40 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Tech News

ECB to quiz bankers about new Anthropic model risks, source says
UK financial watchdog to consult on proposed crypto regulations
EU warns Meta WhatsApp AI fee breaches antitrust rules, orders rollback
Jane Street signs $6 billion AI cloud deal with CoreWeave, boosts stake
Trump backs government AI safeguards in banking system, acknowledges risks
Robots, drones could slash global food delivery costs to $1 per order, Barclays says
Leidos, Analogic to form security tech joint venture
Snap to cut 1,000 jobs after activist pressure, bets on AI efficiency
Netflix to refocus on ads, content after failed Warner Bros bid
AI ruling prompts warnings from US lawyers: Your chats could be used against you

Others Also Read