LSR Group starts pre-sales in Kalina-park II residential project

07 February 2014

LSR Group started pre-sales in the comfort-class Kalina-Park II residential project with a net sellable area of ca. 103 th sq m in the Kalininsky district of St Petersburg.

The Kalina-Park II will comprise eight 9-25-storey residential blocks with 1683 apartments. The area of studios, one-, two- and three-bedroom apartments ranges from 33 to 116 sq m. The price per sq m will be from RUB 73,000.

The Kalina-Park II is situated in an area with well-developed infrastructure, close to the Lesnaya metro station.  It is conveniently located with numerous supermarkets and shopping centres nearby.  The success of the first stage of the project launched in 2013 clearly demonstrates that the Kalina-Park II will be very popular among the customers.

The first 3 blocks with a net sellable area of ca. 32 th sq m will be completed already in 2015.

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


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