type private conglomerate industry building construction real estate development mechanical engineering founded 1993 headquarters moscow russia area served russia key people mikhail balakin ilya mikhalchuk revenue us 3 58 billion ye2013 1 website su 155 in english su 155 in russian su 155 group russian 155 is a russian vertically integrated group of companies which is a leader in the russian building construction industry . besides building construction and real estate development the group conducts activities in construction and non metallic materials manufacturing mechanical engineering and investing in land engineering and public infrastructure . as of 2013 the su 155 group operates in 54 different russian cities . more than 100 companies are part of the group construction material businesses contractor construction organizations non metallic natural resource procurement enterprises mechanical engineering outfits and service companies . the legal name of the group s head company is closed joint stock company su 155 russian 155 . the group headquarters is in moscow . contents 1 history 2 ownership and management 3 structure 4 operations 5 charitable activities 6 criticism and discussions in the mass media 6.1 construction delays 6.2 claims by the moscow authorities 6.3 changes in the planning of already sold structures 7 interesting fact 8 see also 9 external links 10 references history edit the group traces its history to 1954 when the entity stroymontazhtrest number 3 later renamed to construction management number 155 was created in the glavmosstroy system . in 1993 the entity was transformed into a closed joint stock company . from the beginning of the 2000s the group systematically widened its presence in the country s regions purchasing or creating building construction companies and manufacturing enterprises . ownership and management edit the primary owner and chairman of the board as of 2014 is mikhail balakin who in 2014 was listed as number 52 on the forbes list of 200 richest russian businessmen 2 and listed as number 866 on the forbes list of the world s billionaires 3 with assets worth 1.9 billion . the ceo of llc east siberian construction company part of su 155 group is the former mayor of yakutsk 1998 2007 and former governor of arkhangelsk region 2008 2012 ilya mikhalchuk . 4 structure edit su 155 group has grown over 20 years from a small construction company into a vertically integrated group of manufacturing and production companies with a closed production cycle its structure contains assets allowing for business integration at all stages of the supply chain . overall su 155 group declares the presence in its structure of 18 real estate developer companies 22 contractor companies 5 mechanical engineering factories 30 construction materials enterprises 4 architectural design companies 2 estate agent companies 2 transportation companies 1 finance company in serpukhov moscow oblast su 155 is building a manufacturing cluster worth more than 10 billion roubles 295 million us or 215 million which will include a serpukhov elevator manufacturing plant launched in 2013 5 6 along with a fittings manufacturing factory and a steel structure production enterprise . it is estimated that the turnover of all the new cluster s enterprises combined will reach 25 billion roubles 740 million us or 540 million per year . 7 8 in 2013 2014 the group announced or began the construction of new manufacturing enterprises in penza 9 iskitim novosibirsk oblast 10 11 and volgograd . 12 previously mikhail balakin majority shareholder of cjsc su 155 owned a 48.15 % stake in the ns bank independent construction bank 13 but in april 2013 he sold his shares in the bank to the management . 14 in april 2014 su 155 withdrew from all companies providing housing and utility services previously included in the group selling shares to those companies managements . 15 operations edit su 155 operates in the central moscow and the bryansk vladimir ivanovo kaluga kostroma moscow ryazan tver tula and yaroslavl regions northwestern st. petersburg and the kaliningrad and leningrad regions volga nizhny novgorod and penza regions southern volgograd region and siberian omsk and novosibirsk regions and krasnoyarsk krai federal districts 20 regions in total as of 2014 . su 155 group s turnover as of 2013 amounted to 114.2 billion roubles 16 17 18 3.36 billion us or 2.46 billion in 2012 84.3 billion roubles and in 2011 82.7 billion roubles including housing sales amounting to 74.8 billion roubles 2.2 billion us or 1.61 billion . in 2013 the group built 1.65 million sq. m. of property 19 in 2012 1.43 million sq. m. 20 and in 2011 1.3 million sq. m. 21 including more than 513 thousand sq. m. built outside of moscow and the moscow region which amounts to almost 31 % of the overall amount of construction in 2012 almost 640 thousand sq. metres was built in the regions 45 % of the overall amount of construction ; in 2011 500 thousand sq. m. corresponding to 37 % . in 2013 the group beat the industry and its own record of 1.51 million sq. m. of housing built by the company in 2009 . 20 the company is the leading property real estate developer in russia by revenue from property sales in 2013 by vedomosti 16 su 155 group 74.8 billion roubles 2.2 billion us or 1.61 billion pik group 62.96 billion roubles 1.85 billion us or 1.36 billion lsr group 60 billion roubles 1.76 billion us or 1.29 billion the company is the leading construction company in russia by revenue in 2013 by rbc magazine 22 su 155 group 3 58 billion us 2 71 billion us in 2012 2 81 billion us in 2011 23 tashir group 3 30 billion us 2 9 billion us in 2012 2 6 billion us in 2011 absolut group 2 82 billion us 2 83 billion us in 2012 2 93 billion us in 2011 in 2013 su 155 launched 21 public facilities in russia 24 4 schools 14 nurseries and 3 polyclinics this is 42 % more by capacity in nurseries and 30 % more by capacity in schools than 2012 figures . su 155 group spent around 1.9 billion roubles 55 million us or 41 million on building and fitting out public infrastructure facilities in 2013 18 % more than in 2012 . charitable activities edit in 2002 2005 su 155 group reconstructed the st. nicholas cathedral in serpukhov founded in the 16th century . 25 after the great october revolution the cathedral housed the city s pasta factory for a time . during the great patriotic war the belfry was torn down and laundries were set up in the building . later it was used as a warehouse . in 2009 2012 through the efforts of su 155 and other companies the kronstadt naval cathedral of st. nicholas the wondermaker was restored . the cathedral was closed in 1929 and in soviet times it served as a movie theater quarters for baltic fleet officers a concert hall and a branch of the central naval museum . in 2014 with the support of su 155 group construction continued on a chapel dedicated to the church containing the icon of our lady queen of all creation in shcherbinka which had come to a halt after the foundation was laid when funds collected for the project ran out . apart from the aforementioned churches in the 2000s su 155 group restored a sunday school at the church of sts . boris and gleb in zyuzino moscow and the burnt out church of holy father sergius of radonezh in verkhnyaya vereya nizhny novgorod region . it also built the church of the intercession of the theotokos in yasenevo moscow and the church of the intercession in ivanovo . 25 criticism and discussions in the mass media edit construction delays edit throughout 2008 2012 individual companies in su 155 group were repeatedly criticized for serious delays in delivering houses for postponing under various pretexts the settling of residents and finalization of ownership rights over apartments and for the lack of heating hot water and electricity in already settled homes for many months . purchasers of su 155 apartments held multiple meetings and protests in moscow . 26 claims by the moscow authorities edit in may 2011 su 155 was subject to criticism from the mayor of moscow sergey sobyanin . 27 according to the mayor in 2009 the city purchased 187 thousand sq. m. of residential housing for 10 billion roubles 295 million us or 215 million from su 155 but by spring 2011 these residential buildings had not yet been settled and the deficiencies had not been corrected . the moscow mayor s office initiated a claim in court but su 155 was able to prove to the court that the breakdown of construction timeframes was caused by the mayor s office which delayed in providing a construction zone . 28 in february 2013 the department of economic policy & development of the city of moscow initiated a claim against su 155 in the moscow city arbitration court demanding that the company return 3.5 billion roubles 102 million us or 75 million to the budget . 29 in may 2013 the conflict was resolved by peaceful agreement in accordance with which the department of economic policy & development of the city of moscow maintains its contract with su 155 and renounces its financial demands . in turn su 155 will return 256.5 million roubles 7.5 million us or 5.5 million to the city budget of moscow which the company received as an advance and will also build 7 out of the 8 planned buildings . 30 changes in the planning of already sold structures edit in november 2012 the company was subject to criticism for independently changing the designs of several homes in the novaya tryokhgorka community the size of apartments and the shape of rooms were changed . in june 2013 su 155 signed an agreement with a residents public interest group a social charter which among other things secured a return to the initial plans of the apartments and also the construction of a children s art school for the community s residents previously not part of the project . 31 interesting fact edit in 2009 su 155 won the rights to the internet domain name su155.net by court action which previously hosted the website su 155 the myths and reality the website of cheated co investors in su 155 created by displeased clients . the domain registered by the australian registrar melbourne it to a resident of the united kingdom was adjudged by a developer in the commercial court attended by the world intellectual property organization wipo . 32 33 see also edit mikhail balakin external links edit su 155 website english su 155 website russian ekaterina gerashchenko . interview with mikhail balakin kommersant 22.04.2014 . in russian ekaterina gerashchenko . i think housing is overpriced interview with mikhail balakin kommersant 22.04.2014 . in english references edit published rankings of 30 major russian s developers in russian 200 richest businessmen in russia 2014 forbes 17.04.2014 in russian mikhail balakin in brief expert siberia 10.02.2014 . in english in serpukhov near moscow opened elevator factory in english opening serpukhov elevator factory in english su 155 to invest 310m in building materials production in english mig serpukhov su 155 industrial cluster in serpukhov news agency of moscow region 07.02.2014 . in english russia s su 155 to invest 7 bln rbl in concrete plant housing in english elena morozova . su 155 will strengthen the construction plant vedomosti western siberia 13.02.2014 in russian holding su 155 plans to build a plant in novosibirsk in russian gk su 155 is planning to build in volgograd 2 million sq m of housing in english ns bank bank su 155 owner ditches ns bank stake in english su 155 exits management company business ria novosti 09.04.2014 . in russian a b maria dranishnikova anton filatov nadezhda zaitseva . su 155 makes