ETALON GROUP PLC (“Etalon Group” or the “Company”), one of Russia’s largest and longest-established development and construction companies, announces the delivery of its Okhta House project, located in the Krasnogvardeyskiy district of St Petersburg.
Okhta House is a comfort-class residential complex consisting of four residential buildings, as well as underground and above-ground parking. The project also includes a preschool for 140 children. The total NSA of the project is 134 ths sqm, including 93 ths sqm of residential space. Okhta House offers buyers a wide selection of apartments to meet a variety of needs and tastes, including fully finished apartments.
The property is built on spacious grounds free of densely packed buildings. The Okhta River runs nearby, and there are numerous parks – Polyustrovskiy Park, Ilyinskiy Garden, Armashevskiy Skver Park – in the area. In such surroundings, Okhta House will enable residents to enjoy countless opportunities for outdoor activities and walks in the fresh air. Schools, preschools, healthcare facilities, shops, beauty salons and sports centres are all accessible within walking distance. There are also plenty of public transport options in the immediate vicinity of the project.
Including Okhta House, Etalon Group has delivered 334 ths sqm 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
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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.