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Setl City Commissions the 3rd Stage of the Vienna Residential Estate in Kudrovo

2013 december 11

Setl City (a company of Setl Group) has been given the permission to commission houses Nos. 6, 7, 8, and 9 in the Vienna residential estate being built at the south-eastern border of St. Petersburg, near the MEGA-Dybenko shopping mall. The procedure of presenting the apartments to the investors has been started. There are 1264 apartments in the four houses about 65,000 sq. m in total area, and 96% of them have already been sold. In house No. 9 there are also 6 integrated spaces that have been sold for various future shopping and service facilities. All apartments are handed over to buyers after complete finishing. A distinguishing feature of the third stage of the Vienna estate are fantasy reproductions of paintings by Gustav Klimt on the shorter sides of house No. 7. The Portrait of Adele Bloch-Bauer I and the Kiss are placed so as to frame the central terrace of red asphalt that passes through the entire residential estate. The next houses – Nos. 10 and 11 – to be commissioned in the 4th quarter of 2014 and in the 1st quarter of 2015 respectively will have two kindergartens for 110 kids each. A school for 600 pupils will be commissioned in the 3rd quarter of 2015. All in all, by the year 2019 the Seven Capitals residential estate, in the framework of which the Vienna estate is being built, will have 7 kindergartens for 980 kids, 2 schools for 1700 pupils, 4 sporting venues, a Square of Europe recreation area, medical centers, as well as cafes, bakeries, drugstores, bank offices, supermarkets, and other shopping and service facilities.

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Companies of Setl Group holding