CJSC DSK Block (a subsidiary of LSR Group) has signed a contract with Chief Army Support Department for design and construction of a residential complex for the military personnel in Mytishi, the Moscow region. The contract value is RUB 5.880 bn.
The new residential complex will include 2,300 apartments with a total area of 147 th sq m. Under the contract DSK Block is to provide design, engineering and construction services, including utilities and connection to the main transmission systems.
According to the contract terms construction works are expected to be completed by December 2012.
The new residential neighbourhood for the military personnel is to be built for the needs of the Russian Ministry of Defense using the “seamless” facade technology and reinforced concrete products of DSK Block.
Note 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, Yekaterinburg and Ukraine.
In 2010, the sales revenues of LSR Group were RUB 49,950 million (IFRS).
LSR Group is a public company, with its GDRs traded on the London Stock Exchange and its ordinary shares traded on MICEX and RTS.
CJSC DSK Block is one of the market leaders in St. Petersburg in the manufacture and construction of prefabricated housing. Founded in 1992, it is the only company in the market of St. Petersburg using the “seamless” facade technology.
In 2009, DSK Block became the winner in the contest of contractors working for the needs of St. Petersburg and was awarded the status of “Best Building Contractor for the Needs of St. Petersburg’s Public Procurement”. In 2010, the company was awarded the Diploma of St. Petersburg Governor for “Substantial Contribution to Development of St. Petersburg Construction Industry”.
For more details please contact:
LSR Group Press Service
Tel.: +7 812 314 10 44
Fax: +7 812 458 83 72