ETALON GROUP PLC (“Etalon Group” or the “Company”), one of Russia’s largest and longest-established development and construction companies, announces the delivery of the Shchastye v Kuzminkakh project, located in the South-Eastern administrative district of Moscow. The project has a total NSA of 9.4 ths sqm, including 7 ths sqm of residential area.
Schastye v Kuzminkakh is a 15-storey comfort-class building with two levels of underground parking. The project is located on the closed courtyard territory with guest parking, playgrounds and sports facilities. Schastye v Kuzminkakh is surrounded by recreational areas such as Kuzminskiy Municipal Forest, Lyublinskiy Park, Park Dvenadtsati Luchey, Lublin and Shibaevskiy Ponds. Amenities in the area include educational facilities, supermarkets and two shopping centres as well as numerous social and cultural establishments. The project also offers convenient transport accessibility: the Kuzminki metro station and an exit onto Volgogradskiy Prospekt are just 300 metres away.
As a result of high demand for this project, all of the apartments in the building had been sold by the time the project was delivered. With the completion of Schastye v Kuzminkakh, Etalon Group has delivered 104 thousand sqm of NSA since the beginning of 2020.
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
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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 7 million sqm of real estate.
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 57 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 comprise 33 projects under development, unsold inventory at completed residential complexes and commercial properties, with total unsold NSA of 3.3 million sqm, as well as a construction and maintenance division. Colliers International valued the Company’s total assets at RUB 188 billion as of 31 December 2019.
For the year ended 31 December 2019, Etalon Group’s new contract sales totalled 630 ths sqm, or RUB 77.6 billion. Deliveries in 2019 amounted to 622 ths sqm.
The Company recorded a record revenue of RUB 84.3 billion and EBITDA of RUB 8.9 billion for the year ended 31 December 2019.
Etalon Group’s GDRs have been traded on the Main Market of the London Stock Exchange since 20 April 2011 and on the Level 1 List of Moscow Exchange since 31 January 2020 under the ticker ETLN.