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Construction Corporation Renaissance of St. Petersburg (the leader in elite real estate development in St. Petersburg), a subsidiary of LSR Group, became one of the five best companies in the contest.
The final ceremony of the most influential public contest in real estate and construction industry took place on December, 7, 2011.
This was the second award for GDSK proving company’s customer-orientation and transparency. Corporation Renaissance of St. Petersburg became the only nominated company operating in elite real estate development. The company was awarded a diploma “For civilized business methods and respect for customer’s interests and rights in real estate development and construction”.
GDSK received its first award in the “Customer trust” contest in 2008; then, the company was one of the traditional nominees in this annual contest .
“Customer Trust” – is the only open contest in the real estate market in St. Petersburg where the winners are chosen directly by the customers. This year the total number of participants was 70.
Right before the contest, LSR Group was awarded by St. Petersburg Construction Committee for compliance with the Federal Law No. 214 – following this regulation is the key to customers’ trust and company’s success.
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.
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