ETALON GROUP PLC (“Etalon Group” or the “Company”), one of Russia’s largest and longest-established development and construction companies, announces that it has delivered the last phase of its Summer Garden residential complex, located near Dmitrovskoye Shosse in the northern administrative district of Moscow. This phase includes two two-section high-rise buildings, a shopping centre and underground parking. The total NSA delivered is 87.2 ths sqm, including 74.4 ths sqm of residential and commercial space.
With the delivery of the final phase, the Company has completed the Summer Garden project, which includes eleven buildings, as well as commercial and social infrastructure. The total NSA of the project is 278 ths sqm. The residential complex is in a picturesque location near Angarskie Prudy Park, Dmitrovskiy Park and the Veteran Recreational Park. Summer Garden is easily accessible from Yakhromskiy Proezd and Dmitrovskoye Shosse. The complex is located 1.5 km from the Seligerskaya metro station and 150 m from the future Yakhromskaya metro station.
With the completion of the Summer Garden project, Etalon Group has delivered 108 ths sqm year-to-date.
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
T: +44 207 002 7859
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.
Thanks to its integrated business model, Etalon Group is able to create added value for customers and shareholders at every stage of development, from land plot analysis and acquisition to the operation and maintenance of existing properties. Etalon Group employs over 4,600 people, and its nationwide sales and marketing network covers 59 Russian cities.
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 a 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.