LSR Group has completed eight buildings in Krasnogvardeysky district of St. Petersburg as part of its Novaya Okhta mass market project several months ahead of the schedule.  

The commissioned buildings comprise 2,108 one-, two-, three- and four-room apartments with the total area of 132,010 sq. m. The buildings have been constructed using the modern seamless facade technology.

“We aim to commission buildings ahead of schedule — a month, a month and a half, or several weeks in advance — to demonstrate that, despite the economic difficulties, LSR Group is not only operating as usual, but is doing far more than that,”said Dmitry Khodkevich, Managing Director, LSR. Real Estate – North-West. “Novaya Okhta project is not the only example. At the beginning of July we commissioned three buildings of Smolny Park residential complex in the centre of St. Petersburg six months prior to the scheduled date.”

Notes to Editors:
PJSC 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 prefab construction. LSR Group's main operations are located in St. Petersburg, Moscow and Yekaterinburg. As of December 31, 2014 (according to Colliers International), the net sellable area of the projects in LSR Group's real estate portfolio is equal to 10m m2 with the market value of RUB 135bn. In 2014, the sales revenue of LSR Group amounted to RUB 92,347m (IFRS). LSR Group is a public company, with its GDRs traded on the London Stock Exchange and its ordinary shares traded on MOEX.

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