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Setl Group’s Sales Grew by One Third for the Year

2019 january 24

In 2018, the Setl Group holding company increased the sales of housing by 32.8% in monetary terms and by 27.8% in terms of the number of contracts made as compared to 2017. In 2018, the total area of commissioned sites exceeded 1 million square meters: the holding company had 1,289 million square meters commissioned, which is 5.6% more than in the last year. This figure broke the previous commissioning record of 2017. This year, the Setl Group holding company has sold 75.4 billion rubles worth of residential real estate, and the total sales figure, including commercial premises and parking spaces, reached 79.5 billion rubles. The area of sold real estate was 733,000 square meters, which is 18.7% more than in 2017. At the same time, in the 4th quarter of 2018, the sales of housing, commercial premises and parking lots of Setl Group increased by 63.9% as compared to the same period in 2017, and amounted to 25.9 billion rubles. In 2018, Setl Group brought to the market a whole pool of high comfort-class buildings in the lived-in areas of St. Petersburg. Sales in most new properties started in the 4th quarter of the last year. The market has seen the entrance of estates with excellent views: Strizhi (Swifts) in Nevsky and Pulse on the Embankment – in Nevsky District, Emerald on the Malaya Neva – in Vasileostrovsky, ArtLine in Primorsky on Torfyanaya Doroga and Status near the Victory Park in Moskovsky District. The saleable area of Setl Group's properties under construction was 1.68 million square meters in 2018, which is 6.1% more than in 2017. The total area of the properties, the construction of which started in 2018, is 1.385 million square meters, and the saleable area of residential and commercial premises in these objects is 736,000 square meters. The total target program of 2018 was 5.73 million square meters, having increased by 1.6% as compared to the result of 2017. Among the properties commissioned in Leningrad Region are the last stages of the London quarter of the Seven Capitals residential area in Kudrovo and a house of the 8th stage of GreenLandiya-2 in Murino. Setl Group commissioned buildings of the comfort-class housing estates Clear Sky, Sun City, Neva Sails and Polustrovo Park. The construction of housing in the ZimaLeto project in Energetikov Avenue was completed. Among business-class sites, the first phase of the Palazzio project on Vasilyevsky Island and the Moskva housing estate in Moskovsky District were commissioned. Besides, 3 houses were commissioned in Svetlogorsk, Kaliningrad region. In 2018, social facilities built by Setl Group and cumulatively designed for 3010 kids, were also commissioned. These are comprehensive schools: for 1,175 kids in the GreenLandiya estate and for 1,375 kids in the Sun City project. Three kindergartens were commissioned: for 220 kids in the Neva Sails housing estate, for 190 kids in the ZimaLeto estate and an integrated kindergarten for 50 kids in the Moskva housing estate. Petersburg Real Estate is the exclusive broker of the holding company’s projects in St. Petersburg and Leningrad Region.  

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Companies of Setl Group holding