The St Petersburg developer LSR. Nedvizhimost. Severo-Zapad was given a land plot on Petrovskiy Island where they will build a school and nursery schools. The St Petersburg authorities adopted the regulation on May 22.
The developer was given 27 thousand square meters of land on Petrovskiy Prospect, 33. It is planned to build a school which will two buildings and nursery schools for residents of NevaHaus which is also being built by LSR. The school and nurseries are expected to be built in three years. After they are built they will be given to the local authorities. The developer will spend RUB 1.6 billion on this project and they will also have to pay rent for the land plot which is 1.5% from the cadastral value of the land plot or approximately RUB 2 million.
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