LSR Group
Encyclopedia
OJSC LSR Group is a Russia
n real estate development
, construction and building material
s company, one of the leaders in the real estate and building materials in Russia
. The company is headquartered in St. Petersburg
. The total number of employees is about 16,000 people (2010).
LSR Group is an open joint stock company, and is a 100% owner of its major subsidiaries and companies.
In November 2007 the company offered 12.5% of its share capital
for trading at the London Stock Exchange
and MICEX through IPO
having raised US$772 million. After the offering, the company’s capitalization
amounted to $6.8 billion.
In April 2010 the company offered 10% of its share capital
for trading at the London Stock Exchange
and MICEX through SPO
having raised US$398.1 million (including expenses for the offering).
1997
1999
2001
2002
2003
2004
2005
2006
2007–2008
2010
s, real estate development
and construction.
Its operations are concentrated in St. Petersburg and the Leningrad region, Moscow and the Moscow region and the Urals, and also in the Ukraine
.
Russia
Russia or , officially known as both Russia and the Russian Federation , is a country in northern Eurasia. It is a federal semi-presidential republic, comprising 83 federal subjects...
n real estate development
Real estate development
Real estate development, or Property Development, is a multifaceted business, encompassing activities that range from the renovation and re-lease of existing buildings to the purchase of raw land and the sale of improved land or parcels to others...
, construction and building material
Building material
Building material is any material which is used for a construction purpose. Many naturally occurring substances, such as clay, sand, wood and rocks, even twigs and leaves have been used to construct buildings. Apart from naturally occurring materials, many man-made products are in use, some more...
s company, one of the leaders in the real estate and building materials in Russia
Russia
Russia or , officially known as both Russia and the Russian Federation , is a country in northern Eurasia. It is a federal semi-presidential republic, comprising 83 federal subjects...
. The company is headquartered in St. Petersburg
Saint Petersburg
Saint Petersburg is a city and a federal subject of Russia located on the Neva River at the head of the Gulf of Finland on the Baltic Sea...
. The total number of employees is about 16,000 people (2010).
Shareholders and management
As of 31 December 2010, Streetlink Ltd. had 62.2% of the company’s shares. The company’s top management owned 7.6%, 30.2% was in free float.History
The company was founded in 1993. The company’s name derives from LenStroyRekonstruktsiya.LSR Group is an open joint stock company, and is a 100% owner of its major subsidiaries and companies.
In November 2007 the company offered 12.5% of its share capital
Share capital
Share capital or issued capital or capital stock refers to the portion of a company's equity that has been obtained by trading stock to a shareholder for cash or an equivalent item of capital value...
for trading at the London Stock Exchange
London Stock Exchange
The London Stock Exchange is a stock exchange located in the City of London within the United Kingdom. , the Exchange had a market capitalisation of US$3.7495 trillion, making it the fourth-largest stock exchange in the world by this measurement...
and MICEX through IPO
Initial public offering
An initial public offering or stock market launch, is the first sale of stock by a private company to the public. It can be used by either small or large companies to raise expansion capital and become publicly traded enterprises...
having raised US$772 million. After the offering, the company’s capitalization
Capitalization
Capitalization is writing a word with its first letter as a majuscule and the remaining letters in minuscules . This of course only applies to those writing systems which have a case distinction...
amounted to $6.8 billion.
In April 2010 the company offered 10% of its share capital
Share capital
Share capital or issued capital or capital stock refers to the portion of a company's equity that has been obtained by trading stock to a shareholder for cash or an equivalent item of capital value...
for trading at the London Stock Exchange
London Stock Exchange
The London Stock Exchange is a stock exchange located in the City of London within the United Kingdom. , the Exchange had a market capitalisation of US$3.7495 trillion, making it the fourth-largest stock exchange in the world by this measurement...
and MICEX through SPO
Secondary Market Offering
A secondary market offering, according to the U.S. Financial Industry Regulatory Authority , is a registered offering of a large block of a security that has been previously issued to the public. The blocks being offered may have been held by large investors or institutions, and proceeds of the...
having raised US$398.1 million (including expenses for the offering).
Major acquisitions and foundation of companies
1993–1994- entry into the reinforced concreteReinforced concreteReinforced concrete is concrete in which reinforcement bars , reinforcement grids, plates or fibers have been incorporated to strengthen the concrete in tension. It was invented by French gardener Joseph Monier in 1849 and patented in 1867. The term Ferro Concrete refers only to concrete that is...
market of St. Petersburg: acquisition of OJSC Stroydetal which included reinforced concrete factories as well as joinery and metallic constructions factories; - entry into the elite real estate market of St. Petersburg: foundation of OJSC Construction Corporation Renaissance of St. Petersburg.
1997
- entry into the brick market of St. Petersburg: acquisition of OJSC LENSTROYKERAMIKA – a leading ceramic bricks producer (later the company and its strategically important clay deposit became a production subsidiary of OJSC Pobeda LSR).
- entry into the market of sandSandSand is a naturally occurring granular material composed of finely divided rock and mineral particles.The composition of sand is highly variable, depending on the local rock sources and conditions, but the most common constituent of sand in inland continental settings and non-tropical coastal...
of the North-West region: acquisition of OJSC Rudas – the largest sand supplier in the region;
1999
- acquisition of OJSC Lenstroyrekonstruktsiya (St. Petersburg) – the main Soviet real estate developer in the city centre;
- acquisition of CJSC NPO Keramika (St. Petersburg) – a leading ceramic bricks producer (later became a production subsidiary of OJSC Pobeda LSR)
2001
- entry into the market of panel housing construction of St. Petersburg and the Leningrad region: acquisition of OJSC Gatchinsky DSK – a largest prefabricated concrete panel factory in the North-West region;
- entry into the market of mass market and business class real estate development in St. Petersburg: foundation of OOO Gatchinky DSK which was later renamed into OOO CityHouseBuilding Company (OOO GDSK);
- foundation of CJSC Mosstroyrekonstruktsiya – real estate developer and the first subsidiary in Moscow.
2002
- entry into the crushed graniteCrushed stoneCrushed stone or angular rock is a form of construction aggregate, typically produced by mining a suitable rock deposit and breaking the removed rock down to the desired size using crushers...
market of the North-West region: acquisition of OJSC Granit-Kuznechnoye – the largest crushed granite producer in the region; - foundation of OOO Baltstroykomplekt – a wholesale supplier of building materialBuilding materialBuilding material is any material which is used for a construction purpose. Many naturally occurring substances, such as clay, sand, wood and rocks, even twigs and leaves have been used to construct buildings. Apart from naturally occurring materials, many man-made products are in use, some more...
s for construction companies of St. Petersburg and the Leningrad region; - OJSC Stroydetal was renamed into CJSC Vertical – windows and doors producer;
2003
- acquisition of OJSC PO Barrikada (St.Petersburg) – the largest reinforced concreteReinforced concreteReinforced concrete is concrete in which reinforcement bars , reinforcement grids, plates or fibers have been incorporated to strengthen the concrete in tension. It was invented by French gardener Joseph Monier in 1849 and patented in 1867. The term Ferro Concrete refers only to concrete that is...
producer; - entry into the ready-mix concrete market of St. Petersburg: acquisition of OJSC ZSK No.19, which was later renamed into OOO Obyedinenie 45 – a leading ready-mix concrete producer in the city;
- entry into the construction services market of St. Petersburg: acquisition of OJSC UM-260 – the leading company in tower cranes services;
- acquisition of OJSC Leningrad River Port (St. Petersburg) – a company with a unique complex for sea sand extraction in the Gulf of FinlandGulf of FinlandThe Gulf of Finland is the easternmost arm of the Baltic Sea. It extends between Finland and Estonia all the way to Saint Petersburg in Russia, where the river Neva drains into it. Other major cities around the gulf include Helsinki and Tallinn...
(later became a subsidiary of OJSC Rudas); - acquisition of OOO GATP-1 (St. Petersburg) – a company specializing in transportation of building materials;
- entry into the European real estate market: foundation of LSR Europe GmBH – a subsidiary of LSR Group in Germany;
2004
- acquisition of CJSC Pobeda (St. Petersburg) – a leading ceramic bricks producer;
- acquisition of CJSC DSK Blok (St. Petersburg) – a largest prefabricated panel construction company in the North-West region;
- entry into the gated communities market of St. Petersburg: foundation of OOO Osobnyak.
2005
- acquisition of CJSC Stroitelniy Trest No.28 (St. Petersburg) – a company specializing in foundation works;
- entry into the aerated concrete market: LSR-Aerated Concrete, the largest aerated concrete plant in Russia, is built. Later renamed into Aeroc SPb;
- LSR Group brick production subsidiaries are merged into one company – OJSC Pobeda LSR.
2006
- entry into the reinforced concrete market of Moscow: acquisition of OJSC Zavod ZhBI-6 – a largest reinforced concrete producer in the city;
- entry into the ready-mix concrete market of Moscow: foundation of CJSC Obyedinenie 45-M;
- entry into the cement market of the North-West region: foundation of OOO Cement to implement the project of LSR Group cement plant construction in Stantsy of the Leningrad region;
- entry into the commercial real estate market of St. Petersburg: foundation of A Plus Estate to manage LSR Group commercial properties;
2007–2008
- entry into the Yekaterinburg market. Acquisition of 5 companies: CJSC Nova-Stroy – a largest real estate developer, OOO SMU NOVA-Stroy – the largest construction contractor, OOO PKU Nova-StroyProekt – a design office, OOO Uralsheben – crushed granite producer and OJSC Betfor Reinforced Concrete Factory – the leader in prefabricated concrete panel construction and the largest reinforced concrete producer in the Urals region;
- entry into the aerated concrete market of Ukraine: acquisition of OJSC Obukhiv Porous Concrete Plant – the largest aerated concrete producer in the Kiev region; put into operation of the new aerated concrete plant in Berezan of the Kiev region;
2010
- OJSC Granit-Kuznechnoye, a subsidiary of LSR Group, acquired a crushed granite producer (Leningrad region) – OOO Petrovsky Quarry.
Business operations
As of April 2011, LSR Group included Business Units for production and transportation of building materials, extraction and processing of aggregateConstruction Aggregate
Construction aggregate, or simply "aggregate", is a broad category of coarse particulate material used in construction, including sand, gravel, crushed stone, slag, recycled concrete and geosynthetic aggregates. Aggregates are the most mined material in the world...
s, real estate development
Real estate development
Real estate development, or Property Development, is a multifaceted business, encompassing activities that range from the renovation and re-lease of existing buildings to the purchase of raw land and the sale of improved land or parcels to others...
and construction.
Its operations are concentrated in St. Petersburg and the Leningrad region, Moscow and the Moscow region and the Urals, and also in the Ukraine
Ukraine
Ukraine is a country in Eastern Europe. It has an area of 603,628 km², making it the second largest contiguous country on the European continent, after Russia...
.