print version 

Find company
Home About the ProjectContact usFor the Clients
Enter code or ISIN
 
alpha / industry search

Issuers' Corner
Press Releases
Annual Reports Library

Financial Statements
SEC & FFMS Filings
Corporate Presentations
GM Materials
Issues Documents
Corporate Governance Materials
Russian Company Guide
Company Profiles
Corporate Calendar
Markets Corner
Consensus Estimates
Media Corner
News Line


Get updates



Home  Issuers' Corner  Press Releases REGISTER LOG IN

Press Releases

company search
all press releases
all LSR Group press releases

LSR Group

March 20, 2015

LSR Group is recognized as a reliable and conscientious real estate developer

Agreement “Fundamental principles of integrity in the housing market during the period of economic instability” was signed between LSR. Real Estate – North-West represented by the Managing Director Dmitry Khodkevitch and the Government of St. Petersburg represented by the Vice-Governor of St. Petersburg Marat Hovhannisyan at the XXI International building exhibition InterStroyExpo. 

The decision to creat such agreement was made in early 2015 at a meeting between developers, chaired by Marat Hovhannisyan. The main purpose of the document is to define and implement credibility criteria of construction companies, to inform customers how to choose objects under construction and to reduce a fraud risk. This instrument and its implementation mechanisms were developed by Non-commercial Partnership Saint-Petersburg Constructors Association and the Union of Construction Associations and Organisations.
Signing this agreement, LSR Group confirmed its intention to consciously work in the housing market in spite of difficult economic conditions.
The agreement contains basic credibility criteria of developers including the compliance of operations with the requirements of the Federal Law No. 214-FZ, the execution of the obligations to handover the premises to co-investors, the information transparency of company’s activities, the quality of construction, etc.
“LSR Group met all criteria listed in the agreement long ago,” said Alexandr Vakhmistrov, CEO and Chairman of the Executive Committee of LSR Group. “But we are certainly concerned about other companies in the market that can violate strict legislation requirements and discredit well-doing real estate developers. I am confident that the agreement will be an effective public service tool which will increase control over expenditure of co-investors’ funds.”

For more information please contact:
LSR Group Press Service
E-mail: press@lsrgroup.ru 
www.lsrgroup.ru

 

 

 

Search by industry

Agriculture, Foresty and Fishing | Chemicals | Engineering | Ferrous Metals | Financial, Insurance & Real Estate | Food & Kindred Products | General Construction | Information Technology | Media & Publishing | Non-Ferrous Metals | Oil & Gas | Pharmaceuticals | Power Industry | Precious Metals and Diamonds | Telecommunications | Transportation | Wholesale & Retail Trade

Search by alpha index

A B C D F G I K L M N O P R S T U V W X Z


Site Map
© RUSTOCKS.com
Privacy Statement | Disclaimer