Glorax Development – first in the rating of the fastest developing construction companies


Petersburg magazine “City 312” has compiled a rating of construction companies based on a survey among independent experts and market participants. Glorax Development is called the fastest growing construction company on the market of St. Petersburg and the Leningrad region. In this category, the number and scale of new projects, the increase in the land bank of developers were assessed. Over the past year and a half, Glorax Development has shown impressive growth, having brought several large projects to the market at once and increased the total investment portfolio to 2.5 million square metres.

Also, a number of company projects were highly appreciated by the expert commission. Ligovsky City is the top three most attractive investment objects. Due to high-quality location, reliability of the developer and favorable prices with a high growth prospect, it is the one of the best-rated for income generation.

Among the most original architectural projects is the Golden City residential complex, which is being built on the alluvial territories of Vasilyevsky Island. This object, together with Ligovsky City, is also noted by the rating experts as the most ambitious project being built in St. Petersburg and the region.

According to the opinion of respondents, the Grand House clubhouse is one of the most “Petersburg” facilities. The location in the historic center of the city, laconic architectural solutions, classical proportions and restraint in details and colors resemble the “golden age” of the architecture of the northern capital.

“As one of the recognized industry leaders, Glorax Development will continue to set ambitious goals. Guided by the principles of creating a new urban environment, we are building landmark projects for St. Petersburg that can become the architectural dominant of the city and new points of attraction. Customer confidence, recognition in the business community and numerous high-profile awards confirm that the quality of our projects is at the highest level,” said Andrei Birzhin, a head of the Glorax Group.

In 2017, Glorax Development launched to the market such large-scale projects as Golden City, “First Quarter” and “Second Quarter” of the Ligovsky City complex, as well as Release 3 of the “Angliskaya Milya” residential complex. This year, sales of apartments in the first premium project of Glorax Development – the Grand House clubhouse were launched.