ETALON GROUP PLC (“Etalon Group” or “Company”), one of Russia’s largest and longest-established development and construction companies, announces that it has received a construction permit and launched sales at the second phase of its multifunctional business-class Nagatino i-Land project. This stage includes four residential buildings ranging from 2 to 18 storeys, along with underground parking. The NSA for this phase will be 50 ths sqm, including 37 ths sqm of housing.
Located in the Danilovskiy district of the southern administrative division of Moscow on an area of over 14 hectares, the Nagatino i-Land project will include residential and commercial properties with a total NSA of about 329 ths sqm. The complex will integrate the existing Nagatino i-Land business cluster and Port Plaza with new residential and commercial development. The project’s varying-height buildings form pleasant quarters with inner courtyards accessible only to residents. These private grounds will house recreation areas near artificial ponds, playgrounds and public spaces for socialising and sports. Softscaping will be carried out on about a quarter of the entire site. The Nagatino i-Land project will feature exclusive apartment formats, such as apartments with their own terraces, spacious apartments with ceilings up to 3.3 metres high, as well as apartments with a panoramic view of the Moscow River Embankment.
Nagatino i-Land is located in a unique area near the Moscow River and the Marс Chagall embankment. Business centres in a state-of-the-art office cluster and large shopping centres are also located nearby. The project offers excellent transport accessibility, with the Tekhnopark and ZIL metro stations nearby, as well as convenient access roads onto two major thoroughfares: Prospekt Andropova and the Third Ring Road.
Nagatino i-Land is in high demand among buyers. More than 75% of the space available for purchase in the first phase, which went on sale in November 2019, has already been sold.
The Company plans to complete the project in 2025.
This and other recent announcements are available on the Etalon Group website: https://www.etalongroup.com/investor-relations/investor-news/
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About Etalon Group
Founded in 1987, Etalon Group is one of the largest development and construction companies in Russia. 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 7.5 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 59 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 20 projects under development, unsold inventory at completed residential complexes and commercial properties, with total unsold NSA of 2.8 million sqm, as well as construction and maintenance division. Colliers International valued the Company’s total assets at RUB 204 billion as of 31 December 2020.
In 2020, Etalon Group’s new contract sales totalled 538 ths sqm, or RUB 79.9 billion. Deliveries in 2020 amounted to 540 ths sqm.
The Company’s revenue in 2020 amounted to RUB 78.7 billion, with EBITDA of RUB 12.6 billion.
Etalon Group’s GDRs have traded on the Main Market of the London Stock Exchange since 20 April 2011 and on the Level 1 quotation list of Moscow Exchange since 31 January 2020 under the ticker ETLN.