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LSR Group

January 15, 2013

LSR posts record mass market housing sales

LSR Group (LSE: LSRG; MICEX-RTS: LSRG) reports record sales in the mass market real estate segment in St. Petersburg.

In 2012, in the mass market real estate segment in St. Petersburg we entered into new contracts for the sale of 208 th m2 of net sellable area, up 12% year-on-year. That is an all-time record for the company’s development business in St. Petersburg. In 4Q 2012, we entered into new contracts for the sale of 94 th m2 of net sellable area, up 85% against 4Q 2011. In December 2012, we sold more than 45 th m2 of net sellable area (+130% y-o-y).

Our residential project Avrora accounted for nearly 50% of our total sales in 2012 (103 th m2). Another 37 th m2 were sold in Yuzhnaya Akvatoriya project launched to the market in November 2012. 

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 and Yekaterinburg.
As of 31 December 2011 (according to Cushman & Wakefield Russia), the net sellable area of the projects in LSR Group's real estate portfolio is equal to 8.4m m2 with the market value of  RUB 124bn.
In 2011, the sales revenue of LSR Group were RUB 51,910m (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 details please contact:
LSR Group Press Service
Tel.: +7 812 314 10 44
Fax: +7 812 458 83 72
E-mail: press@lsrgroup.ru
www.lsrgroup.ru

 

 

 

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