LSR Group announces start of pre-sales in the new low-rise residential neighbourhood “Michurinsky” in Yekaterinburg with a total area of 232 th sq m. The complex will be built on the land plot of approximately 52 ha.
Today “Muchurinsky” residential neighbourhood is the most large-scale low-rise project in Yekaterinburg. The project will comprise 70 three-storey buildings of comfort-class. The new quarter will have all the necessary neighbourhood amenities – kindergartens, a school and parking areas. In addition, there will be commercial premises on the ground floors.
The price per square meter starts at RUB 49,000.
“Michurinsky” will be built using “seamless” energy-efficient facade fit-out technology which guarantees high insulation properties and comfort micro-climate, compared to traditional prefabricated buildings.
Construction has already started in January. The project is scheduled for completion in 4Q2017.
Notes to Editors:
OJSC LSR Group is a real estate development and building materials company founded in 1993 and operating in a number of complementary market segments. Its core business areas are production of building materials, real estate development and panel construction. LSR Group's main operations are located in St. Petersburg, Moscow and Yekaterinburg. As of 31 December 2012 (according to Cushman & Wakefield Russia), the net sellable area of the projects in LSR Group’s real estate portfolio is equal to 8.7m m2 with the market value of RUB 120bn. In 2012, the sales revenue of LSR Group amounted to RUB 61,122m (IFRS). LSR Group is a public company, with its GDRs traded on the London Stock Exchange and its ordinary shares traded on MICEX-RTS.
For more information please contact:
LSR Group Press Service
Tel.: +7 812 314 10 44
Fax: +7 812 458 83 72