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The construction started less than one year ago. The assembled multiunit buildings will be fully fitted out and the first two houses will be completed ahead of the schedule, by the end of the year (according to the contract terms, CJSC Mosstroyrekonstruktsiya is to complete six houses with a total living area of 140 thousand square meters of flats by June 2011).
Solid-core panels for exclusive Euro’PA series are manufactured at the new production line of Zavod ZhBI-6 (a subsidiary of LSR Group) where the second stage of the production capacities upgrade is underway at the moment. As soon as CJSC Mosstroyrekonstruktsiya completes facade works, Moscow region residents and other market players will be able to see one of the series basic advantage: decent appearance of the houses, significantly different from standard panel housing, due to a “no seams” facade fit-out technology.
MSR Perspektiva, a project bureau of LSR Group in Moscow, has created various decorations for Eupo’Pa housing series, including bright colour patterns and perse architectural elements. Inpidual solutions for every house in the new neighbourhood make it different from the traditionally similar panel residential units.
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, Yekaterinburg and Ukraine.
In 2009, the sales revenues of LSR Group were RUR 51,024 million (IFRS).
LSR Group is a public company, with its GDRs traded on the London Stock Exchange and its ordinary shares traded on MICEX and RTS.
CJSC Mosstroyrekonstruktsiya is an investment and construction company founded in 2001. In 2007, the company completed its first project, the Dom na Davydkovskoy business class residential complex. In 2008, the company has strengthened its presence in Moscow’s real estate market through the acquisition of property complex at Leningradskoye Shosse. In 2009 Mosstroyrekonstruktsiya became a subcontractor to construct a residential neighbourhood for the military personnel in Balashikha for the use by the RF Ministry of Defence. In 2010 the company launched its first mass-market development projects in Balashikha and Nakhabino, and signed an investment contract to construct a multi-use premium class residential complex in the south-west part of Moscow. Mosstroyrekonstruktsiya also completed construction of the unique project – the Grunwald residential complex. Currently the company is designing a new multi-purpose business complex New Balchug at Sadovnicheskaya Street, 500 m from the Kremlin.
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