ETALON GROUP PLC (“Etalon Group” or the “Company”), one of Russia’s largest and longest-established development and construction companies, announces the completion of the construction of the last phase of the Normandy residential complex in Moscow. This phase of the project has 35.6 ths sqm of NSA, including 26.8 ths sqm of residential space.
With the delivery of the second phase, Etalon Group has completed construction of the Normandy residential complex. The project includes five residential buildings of varying heights – the highest of which is 24 storeys – underground parking and commercial facilities. With a total NSA of 124 ths sqm, the Normandy residential complex is in high demand: at the time of delivery, 94% of the apartments in the complex have been sold.
The project is conveniently located in a green area in the north-east of Moscow, near Losiny Ostrov Park. A low building density, well-developed infrastructure and an abundance of parks make this area of the capital attractive for living and recreation. Several large recreational areas are within walking distance: Yauza River Park, Torfyanka Park and Dzhamgarovskiy Park with its cascade of ponds. The project is located within walking distance from the Medvedkovo and Babushkinskaya metro stations, and it also offers convenient access to the Moscow Ring Road and other key thoroughfares in the capital.
Including Normandy, Etalon Group has delivered a total of 220 ths sqm since the beginning of the year.
This and other announcements are available on the Etalon Group website:
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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 delivered more than 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.