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This year, LSR Group has launched a record number of new projects – in all the regions of operations construction of 10 residential complexes with a total area of 2,2 million sq m has begun. During the period from January to September, pre-sale of 615 th m2 of residential properties has started, most of it in St. Petersburg - 460 th sq m. By the end of the year, the company is planning to sell 620 th sq m of residential properties totally in all the regions. At present, LSR Group has achieved the sale level of about 1300 apartments per month.
Production capacity of the company’s three house-building factories in Moscow, St. Petersburg and Yekaterinburg has achieved 1 million sq m of residential properties a year. In 2012, LSR Group units constructed 825 th sq m, this year the company plans to obtain a higher result.
LSR Group is among the most innovative companies in the construction materials market. In 2013, the company was the first in Russia to launch production of clinker brick. LSR Cement plant was the first in Russia to have its production certified as meeting EU standards. Moreover, a reinforced concrete production complex with total capacity of 330 th cub m was launched this year to become the largest and the most advanced in the North-West region.
Aleksandr Vakhmistrov, CEO and Chairman of the Executive Committee of LSR Group comments:
“Over the years of its operation, LSR Group has become one of the leading, fastest growing and best performing companies in Russian construction industry. In total, the company’s business units have completed about 500 real estate projects – residential, industrial, commercial and social properties. We have supplied the market with millions of tons of high-quality construction materials. In the long view, we aim to keep the lead and gain momentum.”
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
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