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LSR Group

November 2, 2009

Nevskiy One project was declared a winner by competent investors

Nevskiy One, a joint investment project of Construction Corporation Renaissance of St. Petersburg (a subsidiary of LSR Group) and A Plus Estate Company (a subsidiary of LSR Group) became the best among other projects participating in the 5th Annual International Russia CIS Hotel Investment Conference (RHIC).

International Russia CIS Hotel Investment Conference (RHIC) was held in Corintia Hotel St. Petersburg. “Driving profits in challenging times” was its main topic this year. The conference hosted investors, agents, specialists and experts of hotel business on the forum.

Nevskiy One is one of the outstanding buildings on the Nevskiy Prospekt. The building facades overlook the Admiralty and Palace Square. The Alexander Gardens and the ensembles of the Winter Palace and the General Staff building are in the immediate vicinity of the Nevskiy One. The house is a monument of St. Peterburg’s architecture of the 18th-19th centuries. The project provides for careful renovation of Nevskiy One house with its facades and interiors to be meticulously restored to preserve their historic look. The investment project Nevskiy One has large potential: it can be developed as either elite residential apartments or as a SPA-boutique hotel or as a luxury 5 star hotel.

During the Investment Den of RHIC potential investors could discuss and evaluate 4 exclusive projects. While making their assessment the investors should have taken into consideration a certain criteria. As a result of the jury voting, Nevskiy One Project was declared a winner.

Presented projects:

1. Nevskiy One Project Development in St. Petersburg (3 variants of usage). The project was presented by Yuri Ilyin, CEO of A Plus Estate Company. Project developer is OJSC Construction Corporation Renaissance of St. Petersburg.

2. A mixed-use complex with Nikolskiye Ryady Hotel Development in St. Petersburg. The project was presented by Oleg Shaposhnikov, General Director of CJSC Nikolskiye Ryady.

3.  A Luxury New Hotel Development in Central St. Petersburg, near the Ostrovskiy Square. The project was presented by Tomas Dukala, Vice President of Morgan Stanley.

4. A luxury hotel plus office development facing the Dnieper River in Kiev. The project was presented by Rudolf Schmid, Managing Partner of EREC Environmental and Real Estate Consulting GmbH.

Judges:

Georg S. Folian, Chief Financial Officer, Warimpex Finanz u Beteiligungs AG

David Geovanis, Managing Director, London & Regional Properties Russia

Dmitry Tetiouchev, Partner & Head of Hospitality Russia & CIS, Ernst & Young (CIS)

Investment Den was hosted by Michael Cooper, Vice President Strategic Development Russia & CIS of InterContinental Hotels Group.

 

 

 

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