LenSpetsSMU signs agreement to construct International convention and exhibition center in St. Petersburg

05.08.2011

ExpoForum and LenSpetsSMU (member of Etalon Group) has signed an agreement for the construction of the first stage of a world-class convention and exhibition center in St. Petersburg. The project will be the first venue of its kind in the city.

Under the terms of agreement LenSpetsSMU is to build the first stage of the convention and exhibition center which includes a convention center, three interconnected pavilions, two hotels, two business centers and extensive adjoining infrastructure and facilities with a total area of over 200 000 sq m.

The 14bn ruble contract states that constuction will be underway in the fourth quarter of 2013.

The project will be situated on an area of 56.21 hectares located in the Pushkin district of St. Petersburg between Pulkovskoye highway, Peterburgskoye highway, Pulkovka river and the surrounding residential area.

The main focus of the project is to group the necessary infrastructure to host large-scale exhibitions and conventions in one area and in line with international standards.

REFERENCE

ExpoForum was founded on January 18, 2008 with the aim of building an international convention and exhibition centre in the Pulkovo Highway area. The company is heading up the project, and coordinating all activities, from the concept design up to the grand opening. Upon completion of the project, ExpoForum will manage the entire complex or some of its parts. The project is a part of a collaborative agreement between the Government of St. Petersburg and JSC “Gazenergoprombank” signed Feb 9, 2007.

CONTACT DETAILS:

Ksenia Savchuk, Senior PR-manager

tel. (812) 348-21-25, e-mail: Kseniya.Savchuk@etalongroup.com

Viktor Vasenev, Deputy CFO

tel. (812) 348-09-95, e-mail: Viktor.Vasenev@etalongroup.com