Venice - a new elite residence on Krestovsky Island

OJSC Construction Corporation Renaissance of St. Petersburg (a subsidiary of LSR Group) started construction works and sales of residential estate in the Venice residence on 34, Deputatskaya Street (Krestovsky Island). A mixture of perfect location, architecture of the Renaissance and modern engineering solutions make it an exclusive project. Market launch of the new de Luxe class object on Krestovsky Island will become one of the first major events on the elite real estate market of St. Petersburg this year.

Venice is a new residence for the coterie. The residence is being constructed in one of the unique locations of Krestovky Island, on the bank of Srednyaya Nevka River, opposite to Elagin Island. Deputatskaya Street lies a long distance away from the main arteries of Krestovky Island, here it is quite and peaceful. A complex of cottages for constitutional court judges situated nearby adds to its prestigious location.
Venice will be designed and constructed after Venetian palazzi of the Renaissance, and is expected to become a true decoration of Krestovsky Island. Symmetrical facades, archways in the appearance, cornice with sculptural décor, cozy courtyard are traditional for Italian architecture. The windows overlook a stunning prospect of Srednyaya Nevka River, Elagin and Krestovky islands.
Elagin and Co. Architectual workshop of Mr. E.I. Gerasimov worked on the residence project. Their other projects include Dom u Morya of the OJSC Construction Corporation Renaissance of St. Petersburg (the complex was awarded with a Golden Diploma of the 16th International Festival

Venice residence characteristics:

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 building materials, real estate development and panel construction.
LSR Group's main operations are located in St. Petersburg, Moscow, Yekaterinburg and Ukraine.
In 2008, the sales revenues of LSR Group were RUR 49,813m (IFRS).

OJSC Construction Corporation Renaissance of St. Petersburg (a subsidiary of LSR Group)   is a leader of the elite property development market in St. Petersburg. The corporation was founded in 1994 and is today one of the largest construction companies in Russia. The track record of the company includes 40 projects successfully implemented in the most prestigious, challenging and important locations of the historic centre of St. Petersburg — a total of 73 residential buildings. The company prides itself on the restored buildings that are of historic value for the city being architectural monuments of the 18th and 19th centuries. Currently work is underway to construct several objects of de Luxe Class. The company is also developing a number of multi-use commercial and residential projects in the central districts of St. Petersburg.

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