ETALON GROUP PLC (“Etalon Group” or the “Company”), one of Russia’s largest development and construction companies, announces that it has received a construction permit and begun sales at its MariInn Park residential complex in Moscow.

The MariInn Park residential complex consists of two buildings – of 17 and 5 storeys – with underground parking and private grounds. Designed to meet premium-class standards, the complex features a variety of apartments, including penthouses with terraces on the top floors, while all the necessary infrastructure and amenities are located within easy reach.

What distinguishes this project is its location just five minutes from Maryina Roshcha. Situated in a quiet central area, just 10 minutes from the Garden Ring, the complex promises residents a comfortable living environment.

The MariInn Park residential complex is expected to offer 10 ths sqm of residential space. This kind of infill development reduces the amount of investment needed at the initial stage of construction, ensuring faster delivery and sales.

This unique new project in Moscow will diversify the Company’s project portfolio and support sales in the current environment, as the premium and business segments are typically less reliant on mortgages. Notably, these segments accounted for 60% of the Company’s sales in monetary terms in 3Q 2024.

This and other recent announcements are available on the Etalon Group website: https://www.etalongroup.com/investor-relations/investor-news/

IR Team
E: ir@etalongroup.com

E: etalon@em-comms.com

Founded in 1987, today Etalon Group is one of the leading nationwide players in Russia’s development and housing construction sector. The Company has been actively developing in eight regions across Russia since 2021, with large-scale projects under way in Omsk, the Novosibirsk region, Ekaterinburg, Tyumen and Kazan. With 37 years of successful operations and ongoing regional expansion, the Company remains one of the largest players in the Russian real estate market. Since its foundation, Etalon Group has delivered 9.0 mln sqm of real estate.

Thanks to its integrated business model, Etalon Group creates added value for customers and shareholders at every stage of development, from land plot analysis and acquisition to the operation and maintenance of existing properties. Etalon Group employs nearly 6,000 people, and its nationwide sales network covers 35 regions across Russia.

Etalon Group’s assets comprise 32 projects at the design and construction stages in eight regions, unsold inventory at completed residential complexes and commercial properties, with total unsold NSA of 5.9 mln sqm, as well as a construction and maintenance division. According to Nikoliers, the value of Etalon Group assets as of 31 December 2023 was RUB 303 billion.

In 2023, Etalon Group's new contract sales totalled 547 ths sqm, or RUB 105.6 billion.

The Company's revenue in 2023 amounted to RUB 88.8 billion, with EBITDA of RUB 18.1 billion.

Etalon Group’s GDRs have been traded on Moscow Exchange (ticker ETLN) since February 2020.