LSR Group is to build a low-rise comfort-class residential project with net sellable area of over 300 th m2 in New Moscow (at Varshavskoye Shosse, 15 km from Moscow ring road (MKAD)).

As part of the territory development low-rise apartment blocks up to 5 storeys high and all necessary infrastructure will be built. The construction of this project is scheduled to begin in 2015 and will be completed by 2021.
Ivan Romanov, Managing Director of LSR Group (Moscow), comments:
"Moscow market is very attractive for business due to its capacity and high demand. In accordance with our strategy, we plan to increase our real estate portfolio in the area. Here in Moscow we have enough capacity, both in construction and building materials, to carry out such projects. We believe that this new project will be very successful on the market because of its  favourable location, good transport infrastructure and growing customers’ interest to the rapidly developing area of New Moscow".
Notes to Editors:
OJSC LSR Group is a diversified construction company operating in a number of complementary market segments. The company was founded in 1993. Its core business areas are production of building materials, panel construction and real estate development. The company unites business units for extraction and processing of aggregates, production and transportation of building materials, construction upon projects of leading Russian and foreign architects – from mass-market to elite residential properties. LSR Group's main operations are located in St. Petersburg, Leningrad region, Moscow, Moscow region, Yekaterinburg and Ural region. 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
E-mail: press@lsrgroup.ru