LSR Group's portfolio value up to RUB 144bn

LSR Group's real estate portfolio valued at RUB 144bn

LSR Group (LSE: LSRG; MOEX: LSRG), one of the leading developers and building materials producers in Russia, is publishing results of its real estate portfolio valuation as of December 31, 2016.

As of the end of 2016, the net sellable area of our projects was equal to 8,767 th sqm. The market value of our real estate portfolio was RUB 143,764 m. Thus, the assessed value of square meter has increased by 12% YoY. The valuation of our real estate portfolio was undertaken by Knight Frank as an independent external appraiser.

http://www.rns-pdf.londonstockexchange.com/rns/4616Z_-2017-3-14.pdf 

LSR Group (www.lsrgroup.ru) is one of the leading real estate developers in Russia. Its core business areas are real estate development, prefab construction and production of building materials. Its main operations are located in St. Petersburg, Moscow and Yekaterinburg. As of December 31, 2016 (according to Knight Frank), the net sellable area of LSR Group's real estate portfolio was equal to 8.8mn sqm with the market value of RUB 144bn. In 2015, the sales revenue of LSR Group amounted to RUB 86.8bn. LSR Group is a public company, with its GDRs traded on LSE and its ordinary shares traded on MOEX.