Etalon Group launches sales for second phase of Etalon City project in Moscow

02 February 2016

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

The second phase of the project consists of six residential buildings of 31 stories, commercial premises and underground parking. It is expected to have 1,623 flats and 1,154 parking places. A new fitness centre with a swimming pool will be built next to the residential buildings. A striking feature of the project will be the building facades, inspired by Japanese artist Katsushika Hokusai’s well-known print The Great Wave off Kanagawa.

Etalon City is the Company’s flagship project in Moscow, and the first phase of the project accounted for 27% of new sales in 4Q 2015. The Company expects that the second phase of Etalon City will provide a further impulse to new sales in 2016, after achieving 19% year-on-year growth in 4Q 2015 on the back of new NSA launched for sale on other projects.

When completed, Etalon City will consist of nine residential buildings situated on a 14.9-hectare land plot in the South Western Administrative district of Moscow, bordering Starokrymskaya street. Total planned NSA of the project is 376 ths sqm.

The project site is situated in an area with well-developed infrastructure and is approximately 800 metres from the Skobelevskaya metro station. It is located about 10 minutes’ drive from a MEGA shopping mall, and has numerous other supermarkets and shopping centres located even closer. The development benefits from excellent environmental conditions, with the Butovskiy Forest Park in immediate proximity to the property.

Etalon Group expects to complete the project in 2018.

This and other recent announcements are available on the Etalon Group website:

Etalon Group IR Team 

T: +44 20 8123 1328


Sam VanDerlip
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 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 5 million sqm. Etalon Group's CAGR for deliveries in 2010-2015 was 19%.

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 2015, Etalon Group's new contract sales totalled 385 ths sqm, or RUB 35,080 million. Deliveries in 2015 totalled 502 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.