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New Fit-out Features to Be Introduced in 2008

19 March 2008

City House Building Company (a company of LSR Group) is launching a new programme, “New Fit-out Standard” (NFS) aimed at replacing the currently used finishing materials with their latest versions as well as introducing more advanced technologies and functional solutions. 

Since its foundation in 2001, City House Building Company (GDSK) has been delivering 90% of flats with their fit-out fully completed. Benefiting from the developing market of finishing materials and technologies as well as aiming at enhanced quality of its housing projects, the company has now decided to implement a New Fit-out Standard (NFS) programme.

Under the NFS all of the materials used are to be modified: conventional wallpaper will be replaced with vinyl and latex coated wall coverings, standard mixers – with foreign-made modern-design products, lavatory floors will now have ceramic coating, and heating radiators will be thermally controlled. The flats will have metal entrance doors. House doorways have also been improved to feature elevators by best manufacturers, durable coating of entry walls and elevator lobbies, and ceramic granite floors. The integrated street faзade glazing of loggias and balconies is now supplemented with courtyard-side glazing. GDSK keeps providing advanced outdoor lighting of house doorways and yards as well as landscaping work installing enclosed children’s play areas and sports grounds.

“Migration to integrated area development with over 500,000 sq.m of housing built in the same neighbourhood by different companies turn the reputation of a construction company and consumer loyalty into one of the key competitive advantages. We are keeping track of new trends, materials and technologies so the new standard incorporates a variety of “special details” providing for real homeliness,” said Ekaterina Nemchenko, GDSK’s Commercial Director. — “Wall coverings are selected with account for flat layout, bathroom mixers and sanitary engineering equipment are of foreign makes, plastic baseboards are provided with cable ducts. Traditionally, double insulated glazing systems are used for the windows. Care is also taken to provide for secure living in our houses: each entrance to the house is fitted with a code lock metal door; the video surveillance system is connected to the doorkeeper service. We hope our customers will appreciate our efforts.” 

For reference:

OOO City House Building Company (formerly OOO Gatchinsky DSK) is a company of LSR Group founded in 2001. GDSK engages in making arrangements for the investment in and construction of modern economy class compounds acting as customer, investor and developer. Since 2003, GDSK has completed 25 construction projects in 10 locations with a total of 347,000 sq.m of area. 

OJSC LSR Group is a diversified construction company founded in 1993 and operating in a number of complementary market segments. Its core business areas are building materials, construction and real estate development. The Group includes enterprises for extraction and processing of aggregates,  production and transportation of building materials, and housing construction — from mass market large-panel housing to elite property built after designs made by leading domestic and foreign architects.  LSR Group has operations and offices in a number of cities in the Leningrad Oblast, in St. Petersburg, Moscow, Yekaterinburg, Lithuania, Latvia, Estonia, Ukraine and Germany. LSR Group employs over 15,000 people. In 2005 and 2006 the revenues of LSR Group (according to IFRS statements) were RUB 13,085.5 million and RUB 21,110.8 million respectively. For the six months of 2007, the Group’s revenues amounted to RUB 16,062.0 million compared to RUB 9,336.4 million for the same period last year. In July 2007, Moody’s Investors Service assigned a B1 rating to LSR Group; outlook – stable. In November 2007, OJSC LSR Group implemented an IPO. In December 2007, LSR Group was bestowed a National Award in the field of business as ‘The Company of the Year’ in the ‘Construction’ category.

For more details please contact:

Marketing and Advertising Department, OOO GDSK
+7 (812) 570-3263
chesaeva@gdsk.lsrgroup.ru
www.gdsk.ru

Press Service, LSR Group
+7 (812) 314-1044
press@lsrgroup.ru
www.lsrgroup.ru

«LSR Group» discloses information on the page on the Internet of LLC Interfax-TsRKI — the news agency accredited by the Central Bank of the Russian Federation to disclosure of information.
Information is available here.



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