St. Petersburg Procures Residential Apartments in RUB 142 Million Deal

Introduction

The Property Relations Committee of St. Petersburg has finalized a contract for the purchase of residential premises (apartments) to expand the city’s state-owned housing assets. The contract, valued at RUB 142.11 million, was concluded on December 4, 2025, underscoring St. Petersburg’s commitment to strategic real estate acquisitions and urban development.

Project Scope and Objectives

The agreement covers the acquisition of apartments through participation in shared construction projects, with the goal of integrating new residential units into the state housing fund. This initiative supports municipal objectives for social housing provision, long-term urban planning, and improved living standards for residents.

Key Contract Details

• Contract Value: RUB 142,112,061.42

• Contract Date: 04 December 2025

• Contract Registration Date: 04 December 2025

• Procurement Method: Request for quotations in electronic form

• Contract Status: Execution

• Project Location: St. Petersburg, Russian Federation

• Banking/Treasury Support: Not required

Purchaser Details

• Purchaser: Property Relations Committee of St. Petersburg

• Sector: Public housing and urban development

• Role: Oversight of state housing acquisitions

Winning Contractor

• Company: Limited Liability Company “LSR. Real Estate-North-West” (LLC “LSR. Real Estate-SZ”)

• Address: Kazanskaya Street, 36, Liter B, Room 29H(310), St. Petersburg, Russia

• Phone: +7 812 385 6150

• Email: piskalenko.yf@lsrgroup.ru

LLC “LSR. Real Estate-SZ” is a recognized real estate developer in the region, experienced in residential construction and shared housing projects. The company will deliver apartments aligned with project specifications, ensuring timely integration into the state housing portfolio.

Procurement and Legal Framework

The supplier was selected through a request for quotations in electronic form, in accordance with Article 93, Part 1, Clause 25 of Federal Law No. 44-FZ, allowing contract execution when the supplier determination procedure is declared invalid. The results were finalized on December 1, 2025, prior to contract registration on December 4.

Project Significance

This acquisition strengthens St. Petersburg’s state housing assets, supporting urban planning and the provision of affordable residential units. It also reflects the city’s strategic approach to leveraging private sector construction expertise to fulfill public housing goals.

Conclusion

With the RUB 142 million contract now in execution, St. Petersburg is taking a significant step in expanding public residential infrastructure. The project underscores the city government’s commitment to ensuring sustainable, high-quality housing for its residents.

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