The company Glorax Development entered the TOP-5 largest developers of St. Petersburg according to the “Kommersant” publishing house. The rating of the companies was compiled jointly with the Academy of Real Estate (ARE) based on the analysis of activities of developers over the past year and a half. Experts evaluated developers by 15 key criteria, including current construction volumes, real estate sales amount, plans for new projects, as well as the reliability of developers and informational transparency.
Glorax Development confirmed the status of a market leader, being in the top five largest developers of the Northern capital for the second year in a row. Currently, the investment portfolio of the company’s projects is more than 2.5 million square metres, of which 600 thousand square metres are in the active stage of implementation.
The company is part of Andrei Birzhin’s Glorax Group and is focused on creating quality comfort and business class projects. Distinctive features of all Glorax Development houses are unique architecture, application of modern housing construction technologies and comprehensive improvement.
In 2017, Glorax Development launched such large-scale projects as Golden City, “First Quarter” and “Second Quarter” of the Ligovsky City complex, as well as the stage 3 of the “Angliskaya Milya” residential complex. This year, apartments sales were launched in the first premium project – the “Grand House” clubhouse. In November, the company announced its entry into the Moscow market – the first capital project will be built in the South-Eastern district on Nizhegorodskaya street, 74.