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Setl City Continues Building Nevskiye Parusa (Neva Sails)

2016 march 28

Setl City (a company of Setl Group) has started the construction of house No. 1 of the Nevskiye Parusa (Neva Sails) residential estate being built by the company in Nevsky District of St. Petersburg. Commissioning is expected in the 2nd quarter of 2018. Petersburg Real Estate, the exclusive broker of the project, has already started sales in building 1.1.

House No.1 will consist of three detached buildings 25 storeys high, united by an integrated attached car-park for 545 cars. All in all, there will be 1524 apartments about 52,000 sq. m in the aggregate area in the house. It should be noted that a detached kindergarten for 220 children is already being built in the courtyard of the house, and its construction is expected to be completed next year. 

All apartments in the house will be handed over to the investors after complete fine finishing according to Setl City’s latest standards, including wear-proof laminated flooring, textured wallpaper to be painted, tiling of walls and floors in bathroom units and toilets, a complete set of bathroom fixtures, doors between rooms, and a metal entrance door. Buyers will be offered a choice of the appearance of their future apartment; depending on the storey, there will be dark-colored or light-colored  finishing 

A project for comprehensive improvement of the area along the embankment of Neva, on which windows of many apartments open, provides for arranging a promenade zone with pedestrian paths, benches and original outdoor lighting.

It is to be recalled that Neva Sails are situated in Sovetsky avenue, on a land plot about 10 ha in area in a picturesque place on a bend of Neva. 140,000 sq. m of housing and a kindergarten for 220 children will be built here. The estimated total volume of investment in the project is about 10 billion roubles. The project funding is provided by VTB Bank, which provided a line of credit to Setl City with a drawdown limit of 5 billion roubles in 2015.

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Companies of Setl Group holding