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Sales Start in the 4th Stage of the MORE Residential Estate

2014 january 27

St. Petersburg Realty, the exclusive broker of the MORE Residential Estate, has started sales in the 4th stage of the project, the construction of which was started by Setl City on November 2013. The commissioning of the site is expected in the 3rd quarter of 2015. The 4th stage of the MORE RE being built in the area of the Baltic Pearl estate will be situated along the Katernikiov street, not far from the Duderhof Canal. The project provides for building seventeen sections of different heights (5 and 20 storeys) that will house 1332 apartments, and four integrated attached car-parks for 337 cars all in all. Besides, commercial spaces are planned on the ground floors of some of the sections for future cafes, bakeries, beauty parlors, drugstores, bank offices, etc. All apartments will be handed over to buyers after complete fine finishing, while hallways will be designed according to special projects, as the Setl City’s concept implies. The area of the residential estate will be completely landscaped and provided with playgrounds for children and sports grounds. Within a 10 minutes’ walking distance from the new house there is the Pearl Plaza shopping and entertainment mall with a lot of shops, a cinema and a Prisma food hypermarket. There is also a kindergarten for 220 children and a school for 825 pupils within a 5 minutes’ walking distance. According to Baltic Pearl’s plans, both institutions are to be commissioned within the coming months. Setl City’s MORE RE project provides for the construction of about 500,000 sq. m of real estate. The first stage (95,600 sq. m) was commissioned in spring last year, 5 months ahead of schedule.

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Companies of Setl Group holding