Merry Christmas and Happy New Year!

Dear partners and colleagues, dear friends! Merry Christmas and Happy New Year!

In the past year, there were many events that Glorax Group can be proud of, the more pleasant it is for us to sum up the results.

First of all, I want to note the success of Glorax Development, for which the year 2018 has become truly significant, because a new stage in the development of the company begins. In the fall, it was announced that it would enter the capital market and the start of implementation of the first project in Moscow on Nizhegorodskaya Street.

In 2018, the company confirmed its status as a market leader – the second year Glorax Development is in the TOP-5 largest developers of St. Petersburg. In addition, this year the company was named “Developer No. 1” of the prestigious “Real Estate Market Records” award, and Ligovsky City and Golden City projects received international recognition by entering the TOP-10 major Russian projects at the MIPIM-2018 exhibition. Total investment portfolio of Glorax Development has increased to 2.5 million square meters, 600 thousand square meters in the active stage of construction.

This year Glorax Development began the construction of the first project of the company in the premium segment – the Grand House residential complex. The implementation of large-scale projects of Ligovsky City and Golden City, which will set a new vector for the development of St. Petersburg, was also continued. The Golden City project on the alluvial territories of Vasilyevsky Island is built on a plot of 20 hectares and is designed for more than 450,000 square meters, and the Ligovsky City project combines several quarters, which will create all conditions for a comfortable life, work and rest.

The past year has been successful for the company “Electroizolit”, part of the Glorax Group. An industrial park was created on the basis of the plant, which opens up broad opportunities for the organization of an industrial cluster with great technical potential. This is a great opportunity for the development of the industry in Sergiev Posad district, increasing the number of jobs and creating innovative products. The “Elektroizolit” plant also continues active cooperation with the largest Russian enterprises and puts special emphasis on strengthening import substitution programs.

Over the past year, particular attention was paid to the direction of the Glorax Life, which brings together sports, social and cultural initiatives. A part of the Glorax Group, largest fitness center in the Moscow region “Olimp” has become a venue for a number of competitions and sporting events for young athletes. As part of the Glorax Life sports direction, the company’s employees and professional athletes took part in a number of the largest races in the country, made climbing to the mountain peaks and won international awards in swimming competitions. Under the flag of Glorax Life, the records of Russia and the Netherlands were set.

Another significant event of this year is the launch of the medical direction within Glorax Life. Next year, the federal network of children’s dental clinics CrocoDent will open its doors to customers, offering an innovative comprehensive approach to the treatment and prevention of dental diseases. Unique educational centers for children will be created on the basis of the clinics. Our task is to become the founders of a new approach in pediatric dentistry.

Also throughout the year, our team of experts, developers and analysts developed our information technology direction Glorax.IO, and next year we will be ready to share with you our IT developments and infrastructure projects.

The growth and development rates of the Glorax Group are impressive, and we are confident that next year we will have interesting projects, new achievements and well-deserved victories!

Dear partners and colleagues, I wish you in the coming 2019 the best ideas, tremendous results and exciting new challenges! Let stability and innovative ideas be harmoniously combined, and a perfect balance be maintained between all the spheres of life.

Happiness and energy to you, your family and friends!

Best regards,
Alexander Andrianov and Glorax Group team