ETALON GROUP PLC (“Etalon Group” or “Company”), one of Russia’s largest and longest-established development and construction companies, announces the launch of sales for the first phase of its ZIL-Yug integrated development project in the Danilovskiy district of Moscow. The expected NSA of this phase is 103 ths sqm, including 82 ths sqm of residential and commercial area.
With total net sellable area (NSA) of 1.4 million sqm, the multifunctional residential complex occupies an area of 109 hectares just 6 kilometres from the Kremlin and near the Marc Chagall Embankment and Tyufeleva Roshcha and Kozhukhovo parks. The project includes residential buildings of varying heights and formats, from townhouses to large apartment buildings with penthouses, as well as commercial and social infrastructure, including its own cultural and exhibition centre, shops, schools, preschools and medical facilities. Carefully designed public spaces, pedestrian boulevards and recreational areas will be an important part of the project. Its proximity to the Third Ring Road and Prospekt Andropova ensures excellent transport accessibility for the community, which is also within walking distance of the ZIL, Tekhnopark and Avtozavodskaya metro stations.
Etalon Group received a construction permit for the project’s first buildings in April 2021 and plans to complete the construction of the first phase in late 2023.
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.
With our integrated business model, we are able to create added value for clients and shareholders at every stage of development: from land plot analysis and acquisition to the delivery of completed properties and provision of post-development housing services. Etalon Group employs over 4,6 thousand 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.