OREANDA-NEWS. January 21, 2014. LSR Group (LSE: LSRG; MICEX-RTS: LSRG) reports record real estate sales in St. Petersburg in 2013 - 529 th sq m, nearly twice as much as in 2012.

In 2013, in the mass market real estate segment in St. Petersburg we signed new contracts for the sale of 452 th sq m of net sellable area, up 117% year-on-year. That is an all-time record for the company’s real estate development business in St. Petersburg. In the business class and elite segment 76 sq m was sold, up 19% year-on-year.

In 2013, new project launches in St. Petersburg amounted to 555 th sq m, up 55% year-on-year. In 2014, LSR Group is planning to launch to the market projects with total area of 700 th sq m (+26% year-on-year).