LSR Group completes construction of three infrastructure facilities

By the beginning of the new study year LSR Group completed construction of three infrastructure facilities - a school and a kindergarten in the Moskovsky District of St. Petersburg and a school in Podporozhye, the Leningrad region.

In St. Petersburg, 5th Predportovy Lane, Secondary General Education school no. 376 for 825 seats with two swimming pools and Kindergarten no. 23 for 60 seats with a pool opened. The objects were designed and constructed on request of the Construction Committee of St. Petersburg. The First Bell has also rung in Secondary General Education school no. 3 in Podporozhye, the Leningrad region. The school for 500 seats was built by LSR Group on request of the municipal formation "Podporozhsky Municipal District of the Leningrad region".

All the infrastructure facilities were constructed with modern technologies and provided with gyms and recreation grounds, different kinds of medical rooms and, furthermore, up-to-date technical facilities and multimedia equipment. To provide access for the physically challenged, the objects are equipped with ramps and stair lifts.

Dmitry Pilipovsky, Managing Director of LSR. Construction - North-West, comments:
LSR Group units have all the necessary resources for construction of modern kindergartens and schools. The company’s specialists have designed a number of standard projects which are already successfully used for construction of secondary schools and kindergartens in St. Petersburg, Yekaterinburg and in Moscow region. Recurrent usage of standard projects significantly reduces price and time for design and construction in the whole".

Notes to Editors:
OJSC LSR Group is a diversified construction company operating in a number of complementary market segments.  The company was founded in 1993. Its core business areas are production of building materials, panel construction and real estate development. The company unites business units for extraction and processing of aggregates, production and transportation of building materials, construction upon projects of leading Russian and foreign architects – from mass-market to elite residential properties. LSR Group's main operations are located in St. Petersburg, Leningrad region, Moscow, Moscow region, Yekaterinburg and Ural region. As of 31 December 2012 (according to Cushman & Wakefield Russia), the net sellable area of the projects in LSR Group’s real estate portfolio is equal to 8.7m m2 with the market value of RUB 120bn. In 2012, the sales revenue of LSR Group amounted to RUB 61,122m (IFRS) LSR Group is a public company, with its GDRs traded on the London Stock Exchange and its ordinary shares traded on MICEX-RTS.

For more information please contact:
LSR Group Press Service
Tel.: +7 812 314 10 44
Fax: +7 812 458 83 72
E-mail: press@lsrgroup.ru
www.lsrgroup.ru