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Setl Group Commissions 108,000 Square Meters of Real Estate in the First Quarter of 2017

2017 april 12

In the first quarter of 2017, the Setl Group holding company commissioned 108,000 square meters of residential and commercial real estate, which is 5 times more than in the 1st quarter of 2016. Sales started in seven properties with the salable area of about 148,000 square meters, including 137,000 square meters in St. Petersburg and Leningrad Region and 11,000 square meters in Kaliningrad Region.

Since the beginning of 2017, Setl Group companies have completed the construction of a number of properties in St. Petersburg and Kaliningrad Region. House 1 in the first stage and houses 2.1 and 2.2 in the second stage of the Chistoye Nebo (Clear Sky) residential estate in Primorsky District of St. Petersburg, the Mirozdanie (The Universe) residential estate in Petrogradskaya Storona and house 8 in the Leto residential estate in Svetlogorsk, Kaliningrad Region, were commissioned.

In the first quarter of the year, sales of apartments in new houses under construction started. In Kaliningrad and Kaliningrad region, it was house 9 in Olympia RE and the first stage of Stereo RE. In St. Petersburg, Setl City started the construction of and Petersburg Real Estate (part of the Setl Group) started the sales in building 1 of the MoreOcean RE in Primorsky District of St. Petersburg at the intersection of Yakhtennaya and Optikov streets and Bogatyrsky avenue and in house 5.1 of  the Chistoye Nebo (Clear Sky) residential estate in Primorsky District. Besides, the elite RE Petrovsky Estate on the Water on the prestigious Petrovsky Island entered the market.

In Leningrad Region, sales of apartments in comfort-class properties began: in house 15 of the London estate in Kudrovo and in building 2.5 of the GREENLandia residential area near the Devyatkino metro station.

In 2016 Setl City was Russia’s leader by housing commissioning, leaving behind all Moscow and St. Petersburg developers. Last year, the company commissioned almost 1 million square meters of residential real estate.

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Companies of Setl Group holding