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The hospital is to be built for the needs of the Russian Ministry of Defense to provide high-quality medical care for military personnel and their families in the Krasnodar Region. The size of the land plot designated for the construction is 7.2 ha. According to the contract, the start of construction is planned for autumn 2011. The project completion is scheduled for December 2013.
LSR Group plans to attract the best European companies specialising in health care facilities for design and construction works as well as to supply medical equipment.
The design concept of the new hospital combines an innovative architectural solution with advanced medical equipment, which makes the project unique for Russia. The project is based on the experience of similar projects in the European countries.
The key distinguishing feature of the project is a modular structure which allows, if necessary, to expand the hospital area and build additional blocks along the central corridor which connects all the blocks of the hospital. The central corridor provides easy access to all hospital’s blocks both for medical personnel and patients, which is especially important in emergency situations.
Aleksandr Vakhmistrov, Chief Executive Officer of LSR Group, comments:
“Our company is entering the new market segment – project management in construction of major public infrastructure projects. We believe that this new business line is very promising for the growth of our business taking into account the plans of the government for infrastructure development.
The fact that our company has been chosen for the construction of one of the most modern healthcare facilities in the country demonstrates the recognition of our professionalism and reliability.”
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 RUB 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.
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