LSR Group is to build 10 kindergartens in different districts of Leningrad region in 2014. In total, there will be 1745 more seats in the pre-school institutions of the region.

New kindergartens will appear in the Gatchinsky, Volkhovsky, Vyborgsky, Lodeynopolsky and Priozersky districts of Leningrad region. LSR. Construction – North-West business unit (“DSK Blok”) has started construction of the first kindergarten for 220 seats in Siversky, Gatchinsky district. The project is executed in the course of Resolution No. 383 of the Leningrad region administration “On measures for liquidation of queues for enrollment of children in pre-school institutions in 2014-2015”.
All the objects will be constructed using energy-efficient seamless facade fit-out technology. Typical projects of kindergartens for 155 and 220 seats with and without a swimming pool have been designed by the LSR Group specialists. Repeated usage of the typical projects will significantly reduce construction costs and time.
The pre-school institutions will be provided with gyms and recreation grounds, art rooms, separate bedrooms, different kinds of medical rooms, all necessary furniture and multimedia equipment. The surrounding areas will be improved and greened.
Colourful decorations of the kindergarten buildings will be the landmark of the project. Based on the works of the winners of the colour layout contest for facades of pre-school institutions to be built in Leningrad region, two variants of decoration will be developed – with images of colourful houses and animals. This will create a fairy tale city atmosphere and will have a favourable effect on children’s imagination development and also will help them to orient themselves in the territory of a kindergarten. The contest was held by the Committee on architecture and urban planning of Leningrad region at the initiative of LSR Group.
Aleksandr Drozdenko, Governor of Leningrad region, comments:
"We have set ourselves a task to resolve the problem of queues to kindergartens in Leningrad region by 2017. For this, the region administration has set up a number of special programmes, some of them executed together with investors. As a result, in total 30 pre-school educational institutions will be constructed over the next two years. 10 of them will be constructed as early as in 2014 by LSR Group. This is a great start and a brilliant proof of the fact that for our region the corporate social responsibility are not mere words."
Aleksandr Vakhmistrov, CEO and Chairman of the Executive Committee of LSR Group, comments:
“The problem of lack of kindergartens in the region and in the most distant from Saint Petersburg settlements, in particular, is especially acute. LSR Group has all the necessary resources and experience for construction of social infrastructure facilities. The holding specialists have designed a wide range of typical projects of kindergartens and schools meeting the most up-to-date requirements. These projects have undergone the inspection and are ready for construction, thus significantly reducing the construction time and costs. In the long view, we are planning to continue our cooperation with Leningrad region in construction of social infrastructure facilities.”
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 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.
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