Two subsidiaries of LSR Group nominated for Customer Trust Awards

17 November 2011

OOO GDSK and OJSC Construction Corporation Renaissance of St. Petersburg, subsidiaries of LSR Group, were included into the list of 5 most trustworthy construction companies in St. Petersburg.

The results of the contest “Customer Trust-2011” were declared on November, 11, at the Real Estate Fair in St. Petersburg. The total number of applications sent in was 70.  

Out of 10 nominees selected by Internet voting, the board of experts, including officials and journalists, chose 5 best companies based on various criteria. In particular, the results were highly affected by a Mystery Consumer research measuring quality of service in the company’s sales departments.

The final customer voting for the most trustworthy construction company will take place on December, 2-4.

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.

OOO GDSK is a subsidiary of LSR Group, founded in 2001.
The company performs development and construction of modern mass market residential complexes as developer, investor and constructor. Since 2003, GDSK has been one of the leaders in the regional market of construction.
Since its foundation, GDSK has completed 59 projects with a total area of approximately 835 thousand square meters.

Construction Corporation  Renaissance of St. Petersburg (a subsidiary of LSR Group) is a leading construction company for building elite housing in St. Petersburg. Founded in 1994, the corporation ranks among the largest building companies in Russia. With over 17 years of experience Construction corporation Renaissance of St. Petersburg has successfully implemented 39 projects in the most prestigious, complex, and important parts of the historical city centre, having worked on 77 houses. With solid knowledge, decades of experience, and naturally, the love invested in by our personnel, many projects have been largely supported by the public. All the buildings constructed by the Corporation perfectly fit into the architectural style of St. Petersburg and harmonically combine elegance and comfort. This has placed them as being truly amongst the elite real estate of St. Petersburg.
The Сorporation offers a wide choice of apartments in the historical city center. Today the Corporation have 4 large projects in the center of Petersburg. These are elite districts (Paradny Quarter and Smolny Park) and exclusive houses (Venice on Krestovsky Island and Hermitage View House).

For more details please contact:
LSR Group Press Service
Tel.: +7 812 314 10 44
Fax: +7 812 458 83 72



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