Glorax Development is the leader of the real estate market of St. Petersburg


Glorax Development, a part of Andrei Birzhin’s Glorax Group, received the Grand Prix at the PROESTATE & TOBY AWARDS 2019 and was recognized by the expert community as the leader of the residential real estate market in St. Petersburg. The PROESTATE & TOBY Awards cover all segments of the market and sets the industry’s gold standards at the international level. The expert jury included the heads of construction and consulting companies and leading analysts of the real estate market.

The award is held by the organizing Committee of the PROESTATE International Real Estate Investment Forum and the American Association of Homeowners and Building Managers (BOMA International), with the support of the Russian Guild of Property Managers and Developers and the Moscow Association of Investors.

“Leadership in the Northern capital is the result of well-coordinated and cohesive work of the Glorax Development team, which creates complex projects in compliance with international quality standards. It is important for us to create a multifunctional environment, the “city in the city”, where each resident will have everything necessary for a full life, work, leisure and development. Moreover, the construction of such projects on the site of former industrial zones helps to transform the city and give new life to the “gray belt” of St. Petersburg. From year to year Glorax Development demonstrates dynamic growth rates and consistently high results, and the award confirms that we are trusted by customers, partners and the professional community,” – commented Andrei Birzhin, head of the Glorax Group.

The company has repeatedly confirmed its leadership position in the market – at the end of 2018 Glorax Development was included in the five largest developers of St. Petersburg, in 2019 the Company entered the TOP-3 developers in terms of consumer activity in the segment of business class housing. Also, according to the results of the first half of 2019, the Company entered the TOP-3 rating of the “Unified Register of Developers” in terms of housing commissioning.