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Setl Group Named Most Reliable Construction Company

2018 november 15

The Delovoy Peterburg compiled a Construction Companies Rating 2018. In the nomination “Most Reliable Construction Company,” the first place was awarded to Setl Group. The holding was also named Best Comfort Class Developer. Petersburg Real Estate, a part of the holding, was found the best brokerage company. The award ceremony took place on Wednesday, November 14. The Delovoy Peterburg annually compiles a rating of construction companies, on whose jury panel are largest market players and experts of the Guild of Managers and Developers. The jury in every nomination chooses the best developer and the best housing project. Expectedly, Setl Group was found the most reliable construction company of St. Petersburg and Leningrad Oblast. Reliability is assessed using several criteria: company value, number of partner banks, compliance with commissioning dates, and total square meters under construction. Competent opinion of market players, like agencies and brokers, is also taken into account. Setl Group also became the leader in the nomination “Best Comfort Class Developer.” As of the end of Quarter 3, 2018, the holding had 10 comfort class projects under construction in St. Petersburg and Oblast. Their marketable area, including commercial spaces, was 1.4 million sq. m. In October, Setl Group started the construction of two more residential complexes of high comfort class, Swifts in Nevsky near Lomonosovskaya subway station and Pulse on the Quay on Oktyabrskaya Quay. Also expectedly, Petersburg Real Estate was the first in the Best Brokerage Company nomination. Every third apartment purchased in the primary market is bought from Petersburg Real Estate. The company’s sales went up by 30% in Quarter 3, 2018.

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Companies of Setl Group holding