LSR's real estate portfolio valued at RUB 185bn

LSR Group's real estate portfolio valued at RUB 185bn

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, 2017.

As of the end of 2017, the net sellable area of our projects was equal to 8,597 th sqm. The market value of our real estate portfolio was RUB 185,466 m. Thus, the assessed value of square meter has increased by 32% YoY. The valuation of our real estate portfolio was undertaken by Knight Frank as an independent external appraiser.

Full version of the press-release is available in pdf-format>>

http://www.rns-pdf.londonstockexchange.com/rns/7331G_-2018-3-5.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 31 December, 2017 (according to Knight Frank), the net sellable area of the projects in LSR Group's real estate portfolio is equal to 8.6mn sqm with the market value of RUB 185.5bn. In 2016, the sales revenue of LSR Group amounted to RUB 98.1bn. LSR Group is a public company, with its GDRs traded on LSE and its ordinary shares traded on MOEX.