REG - Etalon Group PLC - Etalon Begins Sales at New Complex in Tyumen

EtalonAnnouncement

23/11/2022 07:30

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20221123:nRSW3333Ha&default-theme=true

RNS Number : 3333H  Etalon Group PLC  23 November 2022

 

23 November 2022

 

Etalon Group Begins Sales at New Residential Complex in Tyumen

 

ETALON GROUP PLC ("Etalon Group" or the "Company"), one of Russia's largest
and longest-established development and construction companies, announces the
start of sales at a new project, the Schastye v Tyumeni residential complex.
The project's NSA is expected to be 38 ths sqm, including 27 ths sqm of
residential and commercial real estate.

 

Located in Tyumen, the new residential complex consists of three buildings of
15 to 25 floors along with an above-ground multilevel parking garage. The
project offers a wide range of apartments with open-plan layouts with a
combined kitchen and living room as well as a master bedroom. Some of the
apartments on the upper floors have terraces offering panoramic views. The
grounds of the complex will feature playgrounds for children of various ages
as well as small islands for recreation. The roof of the parking garage will
be the site of a gym with outdoor training equipment. The project also plans
to include a promenade that will run alongside a gallery of shops and offices
with display windows on the ground floor.

 

The Schastye v Tyumeni residential complex is located in the very centre of
the city, at the intersection of Profsoyuznaya Street and Olovyannikova
Street. This convenient location ensures that residents will have access to
developed social amenities and commercial infrastructure. Near the complex can
be found schools, preschools, universities, medical centres, banks, shopping
and business centres, sports facilities and many small cafes and restaurants.
Within walking distance of the project there are several parks and garden
squares, including the City Park of Culture and Recreation, and a
well-equipped promenade along the Tura River embankment. Transport
accessibility is provided by convenient access to the city's major
thoroughfares: 50 let Oktyabrya Street, Profsoyuznaya Street and Respubliki
Street.

 

Construction of the Schastye v Tyumeni complex is expected to be completed in
4Q 2024.

 

The project was part of the YIT Russia portfolio acquired by Etalon Group in
an M&A transaction completed in 2022, which included a total of 19
projects at the design and construction stages. Thanks to organic growth and
the addition of YIT's Russian projects to its portfolio, Etalon Group has
expanded its operations to eight regions, including St Petersburg, Moscow, the
Moscow region, Omsk, Ekaterinburg, the Novosibirsk region, Tyumen and Kazan.

 

The Schastye v Tyumeni residential complex is the Company's fourth regional
project brought to market since the beginning of 2022. Earlier, Etalon Group
launched sales at the Green River project, in Omsk; at the Lyceum Quarter, in
the Solnechniy district of Ekaterinburg; as well as at the Schastye v Kazani
project, which the Company is building in the capital of Tatarstan.

 

This and other announcements are available on the Etalon Group website:

https://www.etalongroup.com/investor-relations/investor-news/
(https://www.etalongroup.com/ru/investoram/novosti/) .

 

Contact
Info

 

Etalon Group

IR Team

T: +44 (0) 20 8123 1328

E: ir@etalongroup.com

 

EM

E: etalon@em-comms.com (mailto:etalon@em-comms.com)

 

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. In
2021, the Company began a regional expansion programme and has already
launched new projects in Omsk, the Novosibirsk region, Ekaterinburg, Tyumen
and Kazan. With a 35-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 7.9 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 assets comprise 27 projects at the design and construction
stages, unsold inventory at completed residential complexes and commercial
properties, with total unsold NSA of 6.0 mln sqm, as well as a construction
and maintenance division. Colliers International valued the Company's total
assets at RUB 270 billion as of 31 December 2021.

In 2021, Etalon Group's new contract sales totalled 446 ths sqm, or RUB 84.4
billion. The Company's revenue in 2021 amounted to RUB 87.1 billion, with
EBITDA of RUB 17.9 billion.

Etalon Group's GDRs have traded on the Main Market of the London Stock
Exchange since 20 April 2011 and in the Level 1 quotation list of Moscow
Exchange since 31 January 2020 under the ticker ETLN.

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  MSCBJBRTMTBTMFT