Glorax Development was founded in 2014. The main area of activity is multiformat development. The company specializes in the construction of residential complexes, commercial properties, as well as social infrastructural facilities. Currently, Glorax Development project portfolio comprises approximately 2.5 million sq.m. Regions, where the company operates include St. Petersburg, Moscow and the Moscow region.
The main tasks pursued by Glorax Development are to involve implementing state-of-the-art projects in the area of residential and commercial properties and creating high-quality, well-balanced products that are demanded by the market. The principles governing the company operations include the responsibility for the fulfillment of commitments undertaken and the focus on the quality of the final work results.
The company as well as it projects have received more than 25 international and Russian awards over the past 6 years. In 2018 Glorax Development was among the top 5 developers in Saint-Petersburg and was recognized as the «Developer №1» by receiving the award «Real Estate Market Records».
In 2019, Glorax Development received the Consumer Rights and Service Quality award in the category Real Estate. Urban Development and the gold sign Reliable Russian Developer. Proestate & Toby Awards 2019 named the company the Leader of the Residential Real Estate Market in St Petersburg. Glorax Development is among the leaders in sales of residential real estate in the business segment.