Etalon Group PLC (“Etalon Group” or the “Company”), one of Russia’s largest and longest-established development and construction companies, announces that it has launched sales for its project in the Kalininskiy District of St Petersburg.
The project will comprise two 17-storey buildings and a multi-storey parking garage with 382 parking spaces. The expected NSA of the project is 102 ths sqm, including 77 ths sqm of residential area. The development will feature new floorplan solutions that reflect the latest trends in modern living spaces, in line with the Company’s strategic goal of further refining its product offering. The modern, flexible and convenient floorplans, large apartments with high ceilings and good views, and functional zoning of living space take the standards of contemporary comfort class apartments to a whole new level. The ground floor space will be occupied by non-residential premises, including pharmacies, beauty salons, and clinics. Outdoor areas that are part of the development will include playgrounds, sitting areas, walking paths and sports infrastructure.
The site is located on Blyukhera Street in a well-developed neighbourhood of the Kalininskiy District. This project enjoys close proximity to pre-schools, schools, fitness clubs, as well as numerous stores, shopping and entertainment centres. The lovely park of the Forestry Academy and the Polustrovsky Garden make the neighbourhood even more attractive and pleasant to live in.
The project is conveniently located for both public transport users and car owners. It is within walking distance of two metro stations, Lesnaya and Ploshchad Muzhestva. Entrances to both the city Ring Road and St Petersburg’s main toll road, the Western Rapid Diameter, are located only eight kilometres away.
Etalon Group plans to complete the project in 2020.
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
T: +44 7554 993 032
T: +7 499 918 3134
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 Etalon LenSpetsSMU subsidiaries. With a 30-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 5.8 million sqm.
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 2016 was RUB 7.8 billion.
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 5 thousand people, and its nationwide sales and marketing network covers 52 Russian cities.
As of 31 December 2016, Etalon Group's portfolio comprised 35 projects, with a total of 2.82 million sqm of unsold net sellable area. JLL valued this portfolio at RUB 115,818 million.
For the year ended 31 December 2017, Etalon Group's new contract sales totalled 512 ths sqm, or RUB 50,240 million. Deliveries in 2017 amounted to 423 ths sqm.
Etalon Group’s GDRs have been traded on the Main Market of the London Stock Exchange since 20 April 2011.