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First Houses of London RE Are Commissioned

2015 december 28

Setl City (a Setl Group company) has been permitted to deliver three houses for a total area of about 29,000 sq. m in the London block, which the company is building in Kudrovo as part of the Seven Capitals neighborhood. Petersburg Real Estate is the project’s exclusive broker. 

The delivered Nos. 7/1, 7/2 and 7/3, the first residential houses commissioned in the London block, are arranged along Stolichnaya Street, not far from the shopping center being erected as part of the community. They have 576 fully finished apartments for a total area of over 20,000 sq. m, and several commercial spaces for a total area of about 650 sq. m. Setl City’s client service will start handing the keys to investors as early as in January 2016.

It should be noted that a municipal kindergarten for 110 children has recently started functioning in the Vienna block adjacent to the new houses. The school for 600 students close to it will open its doors as soon as on September 1, 2016. Both facilities were built by Setl City as part of “Social Facilities for Taxes,” a special program of the Government of Leningrad Oblast. 

Next year, Setl City intends to commission one more kindergarten for 140 children in the Vienna block, and to start constructing a kindergarten for 110 children in the London block.

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Companies of Setl Group holding