LSR Group starts pre-sales in a new residential project in Saint Petersburg

04 August 2014

LSR Group (LSE: LSRG; MICEX-RTS: LSRG) started construction and pre-sales in Shuvalovsky residential project with total area of 422.1 thousand square metres. The project is implemented on a 30.9 hectare site in the Primorsky district of Saint Petersburg.

Shuvalovsky residential project combines twenty-four multi-sectional 16-25-storey buildings, wide range of one-, two-, and three-room apartments from 30 to 78 square metres will be offered to the market.

All appartments will be transferred to the customers fully finished. The project is implemented in accordance with Federal regulations of Russian Federation (FZ 214).

The first stage will be completed in 2016, and the project will be completed by 2020.

Notes 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 and Yekaterinburg. As of 31 December 2013 (according to DTZ), the net sellable area of the projects in LSR Group’s real estate portfolio is equal to 7.8m m2 with the market value of RUB 117bn. In 2013, the sales revenue of LSR Group amounted to RUB 65,316m (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.: +7 812 333 11 11
Fax: +7 812 458 83 72


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