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LSR Group to build housing for military personnel in Moscow region

The Morton group of companies, the general contractor for the construction of a residential neighbourhood for military personnel in Balashikha, Moscow region, entered into a contract with CJSC Mosstroyrekonstruktsiya (100% subsidiary of LSR Group) to jointly implement the project. Morton group of companies was selected a general contractor for this development as a result of an auction held by the RF Ministry of Defence.

In accordance with the contract and approved design documentation CJSC Mosstroyrekonstruktsiya is to construct a residential neighbourhood comprising 6 houses of 14 to 17 stories with a total area of 140 th sq.m. The contract amount is RUB 3.9 billion. The project completion is planned for June of 2011.



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