Gruppa LSR OAO To Build New Residential Complex In Saint Petersburg


Monday, 8 Oct 2012 08:00pm EDT 

Gruppa LSR OAO (LSR Group) announced that it is starting to develop a new residential complex, Yuzhnaya Akvatoriya, on the Gulf of Finland, in the Krasnoselskiy district of Saint Petersburg. Multi-storey residential complex with a total area of 346,000 square meters (sq m) will be built on the land plot of 23,9 hectare (ha) by OOO GDSK. The construction permit was received for a multi-storey residential building comprising 1,373 apartments. Its total area amounts to 90,000 sq m, including built-in premises and two multi-storey parking of 20,000 sq m for 600 cars, which is approximately one-third of the total area of the complex. These objects are planned for construction in the third quarter of 2014. 

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