SETL GROUP HOLDING COMPANY OPENS A MOSCOW OFFICE

13.09.2017

A representative office of Setl Group is starting its operations in Moscow. The office is situated at: 4/7, Vozdvizhenka (Mokhovaya, 7 Business House).

The first months of the office’s operation will be primarily dedicated to the sale of apartments in new buildings in Moscow and St. Petersburg. Residential estates to be offered to customers will include Setl Group’s own projects and those of partner developers. Currently, agency agreements have already been made with several big developers implementing their projects in the capital.

 "Starting next year, we are planning to expand the development business on the basis of the office opened in Moscow," says Yan Izak, CEO of the Setl Group holding company. "Currently we are searching for land to implement housing projects in Moscow and the Moscow region."

Setl Group is a holding company and one of the three largest housing developers in the Russian Federation. The holding company was founded in 1994 and consolidates companies specializing in development, package job contract services, sale of construction materials and brokerage in the market of residential and commercial real estate . The holding company implements projects over 6 million sq. m in total area in St. Petersburg, Leningrad Region, Kaliningrad and its suburbs. In 2016 Setl Group commissioned about 1 million m2 of housing and was recognized as Russia's largest construction company in terms of housing commissioning (according to the National Association of Housing Developers).

Petersburg Real Estate, a company of Setl Group, is the leading real estate market expert and the largest broker in the sales of housing under construction in Russia. The company closes about 2,500 transactions monthly, which is about 30% of the sales of the entire real estate market in St. Petersburg and  Leningrad Region.

"The wealth of experience we have gained over the years in the Northern Capital will be the basis for starting our business processes in Moscow," Natalya Lugovskaya, Deputy Chairman of the Setl Group’s Management Board says. “Our holding company possesses unique skills and methods in the field of sales, which have enabled it to become the absolute leader of the newly built real estate market in the North-West region. Today we find the Moscow real estate market promising and look forward to becoming one of its most active players."