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LSR Group

October 25, 2012

LSR Group completes Hermitage View House

OJSC LSR Group completes a unique elite residential complex in the historical center of St. Petersburg Ė Hermitage View House. The complex of 28.6 th sq m is located on 2-4 Zoologicheskiy lane. The projectís developer is Construction Corporation Renaissance of St. Petersburg.
The complex has a unique location: its residential part faces the Neva embankment, while on the opposite side there are the Peter and Paul Fortress, Winter Palace Embankment, State Hermitage Museum and  Spit of Vasilievskiy Island.The office block between Zoologicheskiy lane and Dobrolyubova prospekt will become a part of the districtís prestigious business area.
Hermitage View House is built on the land plot of 0.4 ha and combines both residential and office parts. The residential part comprises 19 apartments of 4.4 th sq m, commercial premises of 1.6 th sq m and an underground parking of 3.3 th sq m for 60 cars. The office part includes commercial premises of 11.8 th sq m and a parking of 5.4 th sq m for 101 cars.
The project construction started in December, 2008 and is completed on schedule.

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 Groupís real estate portfolio is equal to 8.4m m2 with the market value of  RUB 124bn.
In 2011, the sales revenues 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




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