Glorax Development in TOP 10 Developers of Saint Petersburg


Glorax Development (part of Glorax Group structure) enters top 10 of the most active and stable developers of the region.

Rating of companies was made by Kommersant publishing house and Academy of Real Estate (ARE) based on the analysis of activities of real estate developers over the last one and a half years. Experts estimated the developers on 14 key criteria: data on compliance with deadlines for the construction of residential complexes, information on future projects, real estate sales volume, availability and accessibility of the necessary documentation, etc.

Since its foundation, Glorax Development has become one of the leading players on the real estate market of Saint Petersburg. Today, the investment portfolio of the company’s projects is more than 1 million sq. m.

“We are planning to bring about 720 thousand sq. m of residential property to the Saint Petersburg market by 2019. Moreover, we are going to actively develop in new markets, primarily in Moscow and Moscow region, as well as in other regions”, – clarified Dmitry Konovalov, Glorax Development Managing Partner.