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Setl City’s Sales Increase by 11% for 9 Months of 2017

2017 october 19

Setl City (a company of Setl Group) increased apartment sales by 11% (in monetary terms) for the 9 months of 2017 as compared to the same period in 2016. The sales of commercial real estate grew by 18%. Petersburg Real Estate is the exclusive broker of Setl City’s projects. Since early 2017, Setl City has offered to the market new buildings in the residential estates MoreOcean and Chistoye Nebo (Clear Sky) in Primorsky District, Nevskiye Parusa (Neva Sails) in Nevsky District, Solnechny Gorod (Sun City) in Krasnoselsky District, London in Kudrovo, GreenLandia-2 near the Devyatkino metro station, the second stage of the Palazzio quarter on Vasilyevsky Island, the premium-class Victory Plaza in Moskovsky District and the elite Petrovsky Estate on the Water on Petrovsky Island. Besides, apartments in house 9 of Olympia RE, in the 1st stage of Stereo RE and in house 8 of Lake City RE in Kaliningrad and the region have come into the market. For 9 months of 2017 the company commissioned twice as much real estate as in the same period of 2016. The indicator has grown from more than 220,000 square meters of total area to 441,000 square meters. It should be noted that Setl City also completed the third quarter with a growth in residential property sales by 14% as compared with the third quarter of 2016. In the third quarter, Setl City commissioned more than 209,000 square meters of total area, which is 21% more than in the same period in 2016. 

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Companies of Setl Group holding