LSR received the rights to build up 143 hectares of the northern part of Vasilyevsky Island of St. Petersburg. The company will erect a residential complex with about 700 thousand sq. m. of apartments. The area of public business objects and built-in premises will be 260 thousand sq. m. The project also provides accommodation for three secondary schools, 4 separate and 2 built-in kindergartens. The Company expects to complete the project by 2034.