PJSC LSR Group (LSRG.L) is a vertically integrated construction company focused on real estate development and building materials production in Russia. The company develops residential, commercial, and infrastructure projects; manufactures construction materials including bricks, aerated concrete blocks, and precast concrete; and provides construction and engineering services. Its core offerings encompass mass-market residential complexes, premium housing under the LSR brand, commercial properties such as offices and retail spaces; building materials through subsidiaries like LSR-Stroitelnye Materialy; and infrastructure developments including roads and utilities.
Founded in 1993 and headquartered in St. Petersburg, Russia, LSR Group operates primarily in the Russian market with key regions including St. Petersburg, Moscow, Yekaterinburg, and the Leningrad Region. The company serves individual homebuyers, corporate tenants, and public sector clients through its diverse portfolio. It maintains a vertically integrated model, controlling land banks, production facilities, and construction operations to optimize costs and quality.
In recent developments, LSR Group has expanded its land reserves through strategic acquisitions and participated in public-private partnerships for infrastructure projects in 2024. The company reported robust sales growth in 2025 amid Russia's housing demand, launching new residential districts in St. Petersburg and Moscow. Additionally, it strengthened its building materials segment with capacity upgrades at production sites, positioning for sustained operations despite geopolitical challenges.