ETALON GROUP PLC (“Etalon Group” or the “Company”), one of Russia’s largest and longest-established development and construction companies, announces the launch of a comfort class project located in the eastern administrative district of Moscow.
Schastye na Semyonovskoy is a 13-storey residential building with underground parking and ground-level guest parking. The expected NSA of the project is 7 ths sqm, including 5 ths sqm of residential area. This residential complex features apartments with a wide range of floorplans and large windows as well as French balconies or loggias. The apartments have no internal load-bearing walls, meaning residents have significant flexibility in how they organise the interiors. Commercial and public facilities with a separate entrance, as well as a spacious lobby, stroller storage room and other public spaces essential for the comfort of the residents will be located on the ground floor. The complex will be surrounded by a private territory featuring a playground, sports grounds and a landscaped recreation area.
Schastye na Semenovskoy is located in a well-established green area of Moscow near Sokolniki and Izmailovskiy Park, which are two of the city’s largest parks. The attractive Semenovskiy park is just 250 meters from the residential complex. Schools, pre-schools, healthcare facilities, stores, shopping and entertainment centres and sports facilities, including the Krylia Sovetov stadium, are all within walking distance. The project will have good transport accessibility, with Semyonovskaya and Elektrozavodskaya metro stations within easy reach. Schastye na Semenovskoy also offers convenient access to Izmailovskoye Shosse, the North-Eastern Chord and the Third Ring Road.
This and other recent announcements are available on the Etalon Group website: https://www.etalongroup.com/investor-relations/investor-news/
Etalon Group IR Team
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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.