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Setl City’s Sales Grow Almost by 30% in Q3

2018 october 16

In the third quarter of 2018, sales in the sites of Setl City (a company of Setl Group) in monetary terms amounted to 21.4 billion rubles, which is 29.6% more than in the 3rd quarter of 2017 and 21, 6% more than in the 2nd quarter of this year. In physical terms, sales increased by 26.9% to 207,200 square meters. Setl City’s sales for 9 months of 2018 increased by 18.5% in monetary terms as compared to the same period of 2017 and amounted to 53.6 billion rubles. At the same time, the number of contracts made increased by 17.5%, and the area sold by 12.6%. For 9 months, Setl City commissioned 12 residential buildings. In St. Petersburg, these are the last building in the ZimaLeto residential estate not far from the Ladozhskaya metro station and the second stage of the Nevskiye Parusa (Neva Sails) in Nevsky district. In Leningrad Region, the construction of the most ambitious comfort-class project of all those completed in St. Petersburg and Leningrad Region, the Seven Capitals neighborhood in Kudrovo, has been finished. Two houses in the Olympia and Leto (Summer) REs in the town of Svetlogorsk, Kaliningrad region, have been commissioned. The company has also commissioned three social facilities for 2,770 kids. These are a comprehensive school in the GreenLandiya-1 residential estate near the Devyatkino metro station, a kindergarten in the Neva Sails RE and a municipal school in the Sun City RE. Since the beginning of the year, the company began the construction of 27 new residential buildings. They include a new high comfort-class RE ArtLine in Primorsky on Torfyanaya Doroga, a business class RE Prityazheniye in Vyborg District, and Fortecia RE in Kronstadt. Besides, Setl City has started the construction of new buildings of Solnechny Gorod (Sun City) in Krasnoselsky District and Chistoye Nebo (Clear Sky) in Primorsky District. The company started the construction of four kindergartens, including the first kindergarten for 160 children in the London quarter in Kudrovo and a kindergarten for 220 children in the Clear Sky residential estate. A new school for 1100 pupils is also being built in the Clear Sky project. Petersburg Real Estate is the exclusive broker of Setl City’s projects in St. Petersburg and Leningrad Region.

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Companies of Setl Group holding