The founder of Glorax Group investment holding, which includes Glorax Development company, gave an interview to the edition “Delovoy Petersburg” (“Business Petersburg”). Andrey Birzhin told about the tasks set before the company, trends in the construction market of the region and why the developer took for the projects that would reform the entire neighborhoods.
In interview to the edition “Delovoy Petersburg”, Andrey Birzhin, the head of Glorax Group, explained why in recent times people talk more and more about Glorax Development. According to the head, the active growth of the company, bringing some major new projects to the market (only over the past year Glorax Development increased the volume of active construction in 15 times and entered the top 5 of developers of Saint-Petersburg), delivery of housing, the performance of the obligations of third-party developers – all this attracts attention of the developer. Residential complex “Sherlock House” and the 34th case of the project “Angliskaya milya” (“English mile”) was completed on time and this means that citizens can evaluate the result. According to Andrey Birzhin, the company does not intend to reduce the pace of growth and will soon announce several new projects.
Also Andrey Birzhin stressed that Glorax Development aimed for the integrated development and brought projects to the market, that are now called the card of Saint Petersburg. These include LCD “Golden City” on the alluvial areas of Vasilievsky island, the LCD “Angliyskaya milya” and a number of other objects.
“For example, the LCD draft “Pervy Kvartal” (“First Quarter”) on Ligovsky prospect is the part of the renovation of the gray zone city program. But we look at this task much broader. Redevelopment of industrial sites of the city’s historic centre is an opportunity to create a new environment in the best world traditions. Have you ever heard of a whole district that became a landmark of the city? That’s exactly what we want to achieve — to create a new point of attraction”, — said Andrey Birzhin.
According to the head of Glorax Group, such ambitious goals meet global and regional trends: new quality projects are still in demand by the consumer, and developers find new locations in the city – which are mostly the industrial zones and alluvial areas. The development of this previously unattractive areas is now very active. Andrey Birzhin also noted that the buyer increasingly pays attention to the availability of suitable variety of layouts and finishing or pre-finishing works. This presents to developers new requirements, so in the top is the one who is able to offer customers a comprehensive solution.
In an interview with “Delovoy Petersburg” the President of Glorax Group also shared the company’s plans for expansion into the Moscow market. In Glorax Development asset there is already the “Olymp” LCD that is under construction in Moscow region; at the moment an active search of new sites is being held.
“To become the leaders in the real estate development market of the two capitals is one of our promising tasks for the future. The increased demand for our product confirms the correctness of the chosen strategy, which we will further adhere”, — said Andrey Birzhin.
Glorax Development is a group of Glorax companies, founded by entrepreneur Andrey Birzhin. The company specializes on the construction of residential complexes, commercial real estate, and also objects of social infrastructure. Regions: Saint-Petersburg, Moscow, the Moscow region. Top 5 developers of Saint-Petersburg. Investment portfolio — more than 2 million sq. m. In the active stage of construction — 500 000 sq. m.