The Committee of St. Petersburg for Construction Supports the Projects of the Company

The Committee of St. Petersburg for Construction Supports the Projects of the Company

Glorax Development (part of Glorax Group structure) has entered into the agreement for construction supervision of Main House and Twin House residential complexes. The bilateral agreement with Construction Assistance Center (Center Sodeystvia Stroitelstvu), State Unitary Enterprise, under the authority of the Committee of St. Petersburg for Construction, shall guarantee to the stakeholders fulfillment of the developer’s obligations for construction quality and deadlines.

Cooperation with Construction Assistance Center (Center Sodeystvia Stroitelstvu), State Unitary Enterprise, will also allow company clients to obtain true information on the construction process. At the same time, the developer will have additional support in project implementation on behalf of the administration of St. Petersburg. The range of tools shall include mechanisms of independent evaluation of works performed at the site and procurement of due working documentation.

Main House and Twin House are projects implemented by Glorax Development on the site of incomplete buildings of the bankrupt developer Chesma-Invest. 285 stakeholders will get apartments in new residential complexes. Preparation of both sites began in the summer of 2016. Planned construction works began after the demolition of unsuitable constructions and inspection of the pile field. At the present time, there is excavation of the pit of residential complexes in process.

Unique designs of the buildings were created by experts from Aleksandr Asadov Bureau in the modern art-deco architectural style. Both complexes will become significant for the residential housing of Kalininsky and Frunzensky Districts of St. Petersburg.

Glorax Group, 2016