LSR Group acquired land plots with a total area of 13.6 ha on Petrovsky Island in Saint Petersburg. More than 200,000 sq. m of elite real estate will be constructed there. The land plots are located at 9, Petrovsky Prospekt, 11, Petrovsky Prospekt and 17, Remeslennaya Street. The company plan to build high-end residential complexes fully equipped with all necessary commercial and social infrastructure, underground parking and other facilities to ensure comfortable. The construction process will be divided into phases. Pre-sales for the first stage will be launched in fall 2017. The company plan to complete the projects by 2022.