Setl Group




Setl Group is a large real estate developer (one of the Top 3 construction companies in the country), operating in the residential and commercial real estate sectors. The company is active on the territory of the Northwestern Federal District, including St. Petersburg and the Leningrad and Kaliningrad Regions.

The development company was founded in 1994 under the name Petersburg Real Estate. It was transformed into a corporation in 1999, and in 2006 it was rebranded with the name Setl Group.

The holding’s achievements over the entire period of its operation (data as of October 2023) include:

  • 12 million square meters of real estate have been completed and put into use
  • More than 409,000 people have moved into new apartments built by the Petersburg Real Estate-Setl Group holding
  • More than 346 residential buildings have been built and commissioned
  • 60 schools and kindergartens for nearly 18,000 students have been put into operation
  • Setl Group has been formally recognized as one of the nation’s vitally important businesses
  • Setl Group has become the largest developer in St. Petersburg and one of the largest in the nation

Setl Group has received a number of awards and honorary titles for its extensive activities:

  • “Honorary Patron of St. Petersburg”
  • Golden Badge of Public Monitoring, “Reliable Developer” of the country
  • Victories in numerous professional competitions, including, “Consumer Confidence,” “Golden Trezzini,” “Leader of the Construction Market,” “Builder of the Year,” and “TOP RESIDENTIAL COMPLEX”

Setl Group holds the highest public credit rating in the national construction and real estate sector (according to the assessment of the ACRA national rating agency, May 2023).

The Unified Register of Developers rates Setl Group as a 5 out of 5 for its timely commissioning of facilities.

The company also focuses on the environmental agenda. Its employees plant about 11,000 trees and shrubs in the courtyards or new residential complexes every year. The holding has also restored and recreated a number of famous architectural masterpieces of St. Petersburg.

Setl Group provides financial support to medical, sports, and educational institutions and orphanages.


The company was founded by Yan Izak and Shubarev Maxim Valerevich. The former holds the post of Setl Group CEO, while the latter heads the Board of Directors.


Holds 1,744th place in the Moscow Companies rating

Holds 37th place in the Construction rating

Company Figures


Founder of the development corporation Setl Group


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Founder of the largest construction corporation
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Alena Potapova

Development Director
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