OREANDA-NEWS. June 23, 2011. CJSC Mosstroyrekonstruktsiya (a subsidiary of LSR Group) has signed two contracts with Chief Army Support Department to design and construct a residential quarter for military personnel in Solnechnogorsk, the Moscow region. The total value of the contracts is RUB 3.6 billion (including VAT).

The new residential quarter (1,600 apartments, 90,239 sq.m.) will comprise of both high-rise Euro’PA buildings and low-rise houses. Under the contracts CJSC Mosstroyrekonstruktsiya is to provide design, engineering and construction services, including utilities connection.

The low-rise neighbourhood (1,000 apartments) construction is scheduled to begin in November 2011. On the area of 53.7 ha CJSC Mosstroyrekonstruktsiya will build EURO-houses up to three floors high, designed by the company. In 1Q2012 the company will begin the construction of high-rise buildings on the neighboring land plot of 5.7 ha. The objects will be transferred to the customer in stages: low-rise houses - in April 2013, high-rise buildings – in November 2013.

This is the second company’s project for the needs of the RF Ministry of Defence. Currently CJSC Mosstroyrekonstruktsiya is completing 6 residential houses of 140 th. sq.m. for military personnel in Balashikha, the Moscow region.

Ivan Romanov, Managing Director of LSR Group Moscow, comments:

“I believe Mosstroyrekontruktsiya was chosen as a subcontractor in this project, thanks to our reputation as a reliable company and due to advantages of the modern energy-efficient technologies we use. Moreover, our low-rise EURO-houses represent truly European quality and construction works can be completed within just three months. As a result, we are able to deliver the project of key importance to the government in a very short period of time.”

OJSC Zavod ZhBI-6, a subsidiary of LSR Group, will produce reinforced concrete items for the construction in Solnechnogorsk. Another subsidiary of LSR Group, LLC  MSR Perspektiva, will provide design services in this project.