Etalon Group Launches Sales for New Project in Moscow

09 November 2015

 

Etalon Group Limited (“Etalon Group” or “the Company”), one of Russia’s largest and longest-established development and construction companies, has launched sales for Golden Star, the Company’s new project in Moscow.

Golden Star will consist of eight residential buildings of up to 31 stories, located in the Sokolinaya Gora district of the Eastern Administrative Division of Moscow. The total planned NSA of the project is 85 ths sqm, which includes 1,077 flats and 325 parking places.

The project benefits from good access to central Moscow by metro and by car: the nearest metro station, Shosse Entuziastov, is within a 10-minute walk, while  driving to the centre should take no more than 15 minutes. The completion of the North-East section of the Fourth Transport Ring will further improve access for Golden Star residents.

Golden Star is situated in an area with well-developed infrastructure and is approximately 800 metres from Izmaylovsky park, one of Moscow’s largest parks.  

Etalon Group expects to complete the project in 2017.

This and other recent announcements are available on the Etalon Group website: www.etalongroup.com/investors/news/

Etalon Group IR Team

T: +44 20 8123 1328<br/> E: info@etalongroup.com

EM

Sam VanDerlip<br/>T: +44 7554 993 032<br/>T: +7 499 918 3134<br/>E: vanderlip@em-comms.com

 

About Etalon Group

Founded in 1987 by Viacheslav Zarenkov, Etalon Group has become one of Russia's largest development and construction corporations.  The Company focuses on middle class residential real estate in the Moscow and St. Petersburg metropolitan areas, where it operates through Etalon Invest and LenSpetsSMU subsidiaries. With a 28-year history, Etalon Group has one of the longest and most successful track records in the Russian real estate industry.

Since its inception, Etalon Group has commissioned 4.5 million sqm. Etalon Group's CAGR for deliveries in 2010-2014 was 29%.

Etalon Group's strong reputation among consumers supports its pre-sales business model, which helps the Company to minimise external financing needs for on-going projects while maintaining a secure liquidity position: net debt as of 31 December 2014 was RUB 636 million.

The Company is vertically integrated, which helps it to control costs, quality and timing, as well as to demonstrate best-in-class profitability. Etalon Group employs over 5,000 people, and its nationwide sales and marketing network covers 36 Russian cities.

As of 31 December 2014, Etalon Group's portfolio comprised 29 projects, with a total of 3.11 million sqm of unsold net sellable area. Jones Lang LaSalle valued this portfolio at RUB 104,286 million, a 17% increase in the market value from YE 2013.

For the year ended 31 December 2014, Etalon Group's new contract sales totalled 457 ths sqm, or RUB 39,961 million. Deliveries in 2014 totalled 580 ths sqm.

The Company recorded revenue of RUB 51.5 billion and EBITDA of RUB 10.6 billion, with an EBITDA margin of 21% for the year ended 31 December 2014.

Etalon Group Limited's GDRs have been traded on the Main Market of the London Stock Exchange since 20 April 2011.

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10 November 2015