Volume of real estate sales by the developer Glorax in 2025 amounted to 219.6 thousand square meters, an increase of 80% compared to 122.1 thousand square meters a year earlier. In monetary terms, sales increased by 47% to 45.9 billion rubles. Number of concluded contracts increased 2.1 times to 6,320. Average price per square meter decreased by 16.4% to ₽21...

Developer GloraX has attracted Sberbank Investments LLC as a strategic investor in the GloraX Premium Rowing Canal project in Nizhny Novgorod. Project provides for the construction of 142 thousand square meters of selling space on an area of more than 14 hectares. Future quarter on the embankment of the Rowing Canal is one of the most attractive and promisin...

Developer GloraX successfully raised 2.1 billion rubles during the IPO, placing shares at 64 rubles per paper, which corresponds to a capitalization of about 18.1 billion rubles. Funds raised will be used to implement a long-term growth strategy, expand regional presence, reduce debt burden and achieve corporate goals. If the share price is lower than the of...

Developer Glorax, which announced its upcoming IPO on the Moscow Exchange, plans to begin paying dividends from 2027, Vice President for Public Markets Petr Kryuchkov said during a Sinara investment bank webinar. He noted that at least 30% of net profit will be allocated for payouts. Trading under the ticker GLRX will start on October 31. In 2024, the compan...