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2nd Stage of MORE Residential Estate Commissioned

2014 may 05

Setl City (a company of Setl Group) has been given the permission to commission the 2nd stage of the MORE Residential Estate being built in the area of the Baltic Pearl estate in Krasnoselsky District of St. Petersburg. About 100,000 sq. m of real estate, including 60,000 sq. m of apartments, 38 integrated spaces and a underground/above-ground car-park for 702 cars have been built within the 2nd stage of the project. The cost of the construction amounted to about 5 billion roubles. 

The 2nd Stage of RE MORE consists of two buildings with a varying number of storeys (5 to 20) united by a shared underground car-park. The parking has a multipurpose roof forming a courtyard area, on which appropriate equipment works are being completed. Situated along a canal, the building of the 2nd stage architecturally mirrors the 1st stage of the project. 

All apartments will be handed over to buyers after complete fine finishing, including wallpaper to be painted, laminated flooring, wall and floor tiles, installed bathroom fixtures and metal entrance doors.

Almost all integrated spaces on the ground floors have been already sold.  According to investors’ and lessees’ plans, a Medical Center for Children, a Magnit supermarket, a restaurant and many other facilities will be provided in the houses.

Setl City’s RE MORE project provides for the construction of about 500,000 sq. m of real estate. The first stage (about 100,000 sq. m) was commissioned in spring last year.

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Companies of Setl Group holding