History
The Company was founded in 1993, when we acquired joint-stock company OAO “Stroydetal”, a building materials company specializing principally in the production of reinforced concrete. In 1994 we entered the real estate development market with a focus on constructing properties in central St. Petersburg. In the same year, we acquired joint-stock company “GRST-6”, a leading contractor involved in the construction and renovation of buildings in the city center. Then we acquired real estate construction company OAO “Lenstroyrekonstruktsiya”.
We have since sought to expand our scope of operations by strategically acquiring existing companies in our key market segments and fully integrating them within our group to create a leading real estate development, construction and building materials group that we believe to be self sufficient in the majority of products and services required to undertake the types of real estate development projects in which we are involved.
Between 1997 and 2006 we acquired a number of building material manufacturers and construction services providers in the St. Petersburg region to supply the needs of our growing real estate development business. Among these are OAO “Lenstroykeramika”, ZAO “NPO Keramika” and ZAO “Pobeda” (brick manufacturers), OAO “Rudas” and OAO Lenrechport (sand extractors), OAO “Granit-Kuznechnoye” (granite extractor), ZAO “PO Barrikada” and Nazievsky kombinat stroyitelnyh materialov (reinforced concrete manufacturers), “Upravleniye mekhanizatsii No. 260” (tower crane services provider), OAO GATP-1 (transportation of building materials). We also acquired ZAO “Gatchinsky DSK” and ZAO “DSK Blok”, both prefabricated concrete panel manufactures and assemblies for residential buildings, and established OOO “GDSK” to develop residential properties using prefabricated concrete panels and construction services sourced within the LSR Group.
In 2004 we established OAO “Ob’edinenie 45” which have became the leader of ready-mixed concrete and mortar production in St. Petersburg and the Leningrad region. In 2005 aerated concrete production facility was commissioned in St. Petersburg. In 2006 we continued to extend the list of our building material manufacturers by acquiring “Aeroc International AS”, aerated concrete manufacturer in Estonia and Latvia.
Since 2001 we have sought to expand into the lucrative but highly competitive Moscow real estate development market. We are currently developing two residential and commercial projects in Moscow. Since 2006 we also manufacture reinforced concrete products and ready-mixed concrete in Moscow. We intend to increase our market share and expand our operations into targeted market segments in Moscow and the Moscow region by developing business class, mass market residential and commercial real estate projects, acquiring existing and establishing new production facilities.
