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At the end of the last year LSR Group participated in the federal non-profit project "Trusted real estate development in Russia" aimed to improve visibility, transparency and efficiency of domestic housing market.
As a result of the contest LSR Group was recognised as trusted homebuilder due to the exceptional customer care and transparency.
About the project:
The federal non-profit project " Trusted real estate development in Russia " was launched in 2014. The key objectives of the project are:
∙ identify possible violations of the rights of housing buyers;
∙ increase the share of residential real estate development carried out in accordance with the Federal Law No. 214;
∙ decrease the share of residential real estate development projects which utilise illegal schemes to sell apartments;
∙ improve the security and the awareness of citizens acquiring housing in the primary real estate market;
∙ prevent fraud and thus reduce budget expenditures.
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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