OOO LSR Stroy, a subsidiary of LSR Group (LSE: LSRG; MICEX,
RTS: LSRG), signed a contract with Chief Army Support
Department for design (phase 1) of a Multipurpose Medical
Centre in Sestroretsk for St. Petersburg Medical Academy
n.a. S.M. Kirov.
According to the technical specifications, the new complex
with necessary educational, research, medical and
residential facilities will be built on the land plot of
275 ha. The centre will consist of: clinic, research and
educational buildings, conference-halls, helicopter pads,
residential complex for students and medical personnel as
well as transport and public infrastructure. The clinic
will be able to accommodate around 1,600 patients while the
educational site is to admit around 3,000 students and
visitors.
This is a huge innovative project, unique both for Russia
and for the rest of the world as there is nothing
comparable to it today. Construction of the new medical
centre will be based on the advanced European approaches in
architecture and design as well as on the energy-efficient
technologies and modern safety standards.
Design works is planned to be completed by the end of
2013.
Alexander Vakhmistrov, CEO, Chairman of the Executive
Committee of LSR Group, comments:
"Participation in this huge innovative project on
creating a medical institution of a new type is of a high
importance for LSR Group. Working on this project, we will
certainly rely on the latest global expertise in medicine
and use a comprehensive approach for designing education,
research and health care processes. I'm sure that
thanks to this project both St. Petersburg and Russia may
become one of the world leaders in medicine".
Note to Editors:
OJSC LSR Group is a real estate development and building
materials company founded in 1993 and operating in a number
of complementary market segments. Nowadays LSR Group is one
of the largest real estate development and building
materials producing companies in Russia. Its core business
areas are production of building materials, real estate
development and panel construction.
LSR Group's main operations are located in St.
Petersburg, Moscow, Yekaterinburg and Ukraine. As of 31
December 2010 (according to DTZ Russia), the net sellable
area of the projects in LSR Group's real estate portfolio
is equal to 8.4m m2 with the market value of RUB
104bn.
In 2010, the sales revenues of LSR Group were RUB 49,950m
(IFRS).
LSR Group is a public company, with its GDRs traded on the
London Stock Exchange and its ordinary shares traded on
OJSC MICEX-RTS.
Medical Academy n.a. S.M. Kirov in St. Petersburg - first higher medical educational institution for medical personnel of RF Military Air Forces. Founded in 1798, this is the oldest medical and military higher educational institution in Russia. The Academy is aimed at education, scientific research and medicine.
LSR Group Press Service
Tel.: +7 812 314 10 44
Fax: +7 812 458 83 72
E-mail: press@lsrgroup.ru
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