Gruppa LSR OAO Launches Business Class Residential Project in St.Petersburg

Sunday, 9 Jun 2013 08:00pm EDT 

Gruppa LSR OAO (LSR Group) announced start of pre-sales in a new business class residential project Europa City with a total area of 116,000 square meters (sq m). The new project will be built on the land plot of approximately 7.4 hectare (ha) in the Petrogradsky district of St. Petersburg. Europa City comprises seventeen 9-14-storey buildings with over 1,600 apartments. The project’s residential area is 104 ,000 sq m, the area of commercial premises, 12,000 sq m. The complex will have a heated underground parking for around 500 cars and public infrastructure facilities. In addition, the neighborhood’s private territory will be fitted with sports- and playgrounds. Europa City includes one-, two- and three-room apartments ranging from 43 to 85 sq m with kitchens’ area up to 18.6 sq m and ceiling height of 2.8 meters. The price per square meter starts at RUB 110,000. The project is scheduled for completion in the fourth quarter of 2016. 

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