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Three Setl City’s Projects Included in the Top 20 Investment-attractive St. Petersburg Residential Estates

2018 april 26

Three projects of Setl City (a company of Setl Group) have been included in the Top 20 investment-attractive residential estates in St. Petersburg and its suburbs. These are the comfort-class projects Chistoye Nebo (Clear Sky) in Primorsky District and the Seven Capitals (London and Vienna estates) in Kudrovo. The business-class Moscow estate has been recognized as the best RE in the South of Moskovsky District location with the highest yield potential. The rating has been compiled by analysts of the investment company E3 Investment. The Top 20 include the most promising projects in terms of investment in six locations: Primorsky District (Kamenka neighborhood), right bank of the Neva, south of Moskovsky District, Obvodny Canal, south (the nearest suburbs), and Kudrovo. Setl City has the largest number of nominated residential estates among all developers of St. Petersburg and the region. According to experts, in the market of newly built apartments, the average price of an apartment from the start of sales to the completion of a project grows by a third. The Moskva residential estate near the Moskovskaya metro station has been designed in the style of Stalinist architecture, so that the estate will blend in with the existing architectural environment. The estate offers a large selection of planning solutions: from one-room to four-room apartments with floor-to-ceiling windows and a beautiful view of the architectural ensemble of the Victory Square. Commissioning is expected in Q3 2018. The Clear Sky residential estate is a comfort-class project in the popular Primorsky District of the city. In 2017, five houses of the estate were commissioned, and a kindergarten was put into operation. The frame of the second kindergarten has been completed, and in 2018 Setl City will begin to build a third preschool. There is a large grocery supermarket in one of the first commissioned buildings at 69, Komendantsky Prospekt. In April 2018, Setl City put into operation the last houses of the largest comfort-class project of all completed projects in St. Petersburg and Leningrad Region – the Seven Capitals in Kudrovo. The total area of the real estate built by Setl City is about 960,000 square meters, of which the area of apartments is about 630,000 square meters. Two parts of the comfortable Seven Capitals neighborhood – London and Vienna estates – have been built in the image and likeness of the European capitals. Here lie pedestrian boulevards; the firewalls of the houses are decorated with fantasy reproductions of paintings by Gustav Klimt, a famous Austrian painter, there is a fountain in the pedestrian Square of Europe, the embankment has been landscaped, and bridges across a nameless creek in the neighborhood have been built. Petersburg Real Estate is the exclusive broker of Setl City’s projects.

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Companies of Setl Group holding