Construction Corporation Renaissance of St. Petersburg wins KAISSA-2011
12 December 2011
On December 9, 2011, Construction Corporation Renaissance of St. Petersburg, a subsidiary of LSR Group, became “The best company in elite real estate” in the KAISSA contest organized by St. Petersburg and Leningrad Region Association of Realtors.
KAISSA is a multiregional annual public contest in real estate held for the 17th time this year. The contest gathers various real estate professionals – realtor and construction companies, brokerage and law firms, banks and insurance companies’ representatives, and the media – to vote for the best nominee. The judges take into consideration both companies’ general performance during the year and the final presentation.
This year the prize in the new nomination only for elite real estate went to the market’s leader - Construction Corporation Renaissance of St. Petersburg. The company’s share in sold apartments over 3 quarters of 2011 was 34%.
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. Nowadays LSR Group is one of the largest real estate development and building materials producing companies in Russia. 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. As of 31 December 2010 (according to DTZ 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 104bn.
In 2010, the sales revenues of LSR Group were RUB 49,950m (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.