LSR Group announces start of pre-sales in three new projects in St. Petersburg with a total area of 450 th sq m.
“House on Dvoryanskaya” is an elite residential house in the historical center of St. Petersburg. The project of 6.4 th sq m comprising 57 apartments is scheduled for completion in 2Q 2015.
LSR Group also starts pre-sales in two mass-market residential complexes: “Viva” in the Moskovskiy district and “Kalina-park” in the Kalininskiy district. Residential complex “Viva” with a total area of 103 th sq m is built on the land plot of 9.2 ha. The first stage of the project is scheduled to be completed in 4Q 2014. The whole complex is planned for completion in 1Q 2016.
“Kalina-park” residential complex with a total area of 347 th sq m will be built on the land plot of 34.5 ha. The first stage of the project is scheduled for completion in 4Q 2014. The whole complex is planned to be completed in 4Q 2018.
Note to Editors:
LSR. Real Estate – North-West– is a business unit of LSR Group comprising three development companies: OOO GDSK (mass market real estate), OJSC Construction Corporation Renaissance of St. Petersburg (elite real estate) and OOO Osobnyak (gated communities). Consolidation under one business-unit implies integrated management system maintaining legal status, financial independence and business operations of each company.
OJSC LSR Groupis 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