ETALON GROUP PLC (the “Company”), one of Russia’s largest and longest-established development and construction companies, announces that it has launched sales at its business class project in the prestigious Ramenki district in the southwest of Moscow.
The project, called Schastye na Lomonosovskom, will consist of a 13-storey club house with 56 apartments and underground parking for 54 cars, and will be located on a gated territory with landscaped green areas. The total NSA of the project is expected to be 6 ths sqm, including 5 ths sqm of residential area. The residential complex will offer apartments with windows on 2-3 sides and ceilings ranging in height from 3.4 metres on the lower storeys to 6.25 metres on the upper floors. The top floor will contain apartments with exclusive layouts, featuring floor-to-ceiling windows and the option to install a fireplace.
The Schastye na Lomonosovskom residential complex is located in a well-developed neighbourhood with good environmental characteristics, and is in close vicinity to Vorobievy Gory, Victory Park, the Botanical Garden and the main building of the Lomonosov Moscow State University. The Moscow City Golf Club is located just 15 minutes away. It is also within walking distance from a number of sought-after comforts: schools and kindergartens, athletic centres, clinics, cafes and restaurants, and shopping centres. The project also has excellent transport connections: it is a 5-minute walk from the new Lomonosovskiy Prospekt metro station and automobile owners will enjoy convenient access to two major roadways into central Moscow – Mosfilmovskaya Street and Michurinskiy Prospekt.
The Company plans to complete the project in 2021.
Schastye na Lomonosovskom became part of the Etalon Group portfolio following the acquisition of Leader-Invest, one of the largest development companies in Moscow, in 2019.
This and other recent announcements are available on the Etalon Group website: https://www.etalongroup.com/investor-relations/investor-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, Etalon Group is one of Russia’s largest development and construction companies. The Company focuses on middle class residential real estate in the Moscow and St Petersburg metropolitan areas. With a more than 30-year history, Etalon Group has one of the longest and most successful track records in the Russian real estate industry. Since its foundation, Etalon Group has commissioned 6.3 million sqm of real estate.
Etalon Group’s traditionally conservative approach to managing its financial position, solid cash generation and strict working capital management support a secure liquidity position: net cash as of 31 December 2018 was RUB 2.2 billion.
The Company is vertically integrated, which helps it to control costs, quality and timing, as well as maintain best-in-class profitability. Etalon Group employs over 5,000 people, and its nationwide sales and marketing network covers 58 Russian cities.
In 2019, Etalon Group acquired and consolidated 100% in Leader-Invest, one of Moscow’s largest residential developers by size of land bank and number of projects currently available for sale.
Etalon Group’s total assets, including the aforementioned consolidation and 100% ownership of ZIL-Yug project, comprise 53 projects under development, completed residential and commercial properties, as well as a construction and maintenance division, with total unsold NSA of 4.0 million sqm. Knight Frank valued the Company’s total assets at RUB 206,071 million as of 31 December 2018.
For the year ended 31 December 2018, Etalon Group’s new contract sales totalled 628 ths sqm, or RUB 68,731 million. Deliveries in 2018 amounted to 479 ths sqm.
The Company recorded revenue of RUB 72.3 billion and EBITDA of RUB 5.7 billion for the year ended 31 December 2018.
Etalon Group’s GDRs have been traded on the Main Market of the London Stock Exchange since 20 April 2011.