REG - Etalon Group PLC - Etalon Begins Sales for New Phase of Suomen Ranta

EtalonAnnouncement

13/10/2022 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:20221013:nRSM7709Ca&default-theme=true

RNS Number : 7709C  Etalon Group PLC  13 October 2022

13 October 2022

 

Etalon Group Begins Sales for New Phase of Suomen Ranta Residential Complex

 

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 for a new phase of the Suomen Ranta residential complex in
Ekaterinburg. The NSA of the phase, which includes a residential building and
commercial space, is expected to be 12.6 ths sqm.

 

The Suomen Ranta project was part of the YIT Russia portfolio acquired by
Etalon Group in an M&A deal completed in 2022. The project consists of
five separate residential buildings, three of which have already been
delivered, as well as an underground parking lot that is in operation and an
aboveground lot that is under construction. The complex offers a wide range of
layouts, including open-plan apartments with a combined kitchen and living
room, walk-in closets and utility rooms, as well as the possibility of
dividing apartments into common and private areas. Space for seasonal storage
is available in the underground part of the buildings. The ground floors house
commercial infrastructure, including a supermarket and a marketplace pickup
point.

All the buildings in the complex have the same facade and a shared concept
that includes a functional layout for the ground floor with barrier-free
access and a passageway into a landscaped courtyard. The grounds surrounding
each building include separate areas for games and sports, general recreation
and quiet relaxation as well as bicycle and pedestrian paths.

The complex is located in a developed area of Ekaterinburg, on the banks of
the Iset River, within easy reach of Mayakovskiy Park, the largest park in the
city. Within walking distance can be found all the necessary commercial
infrastructure and social amenities as well as public transport stops and two
metro stations: Botanicheskaya and Chkalovskaya. Transport accessibility is
provided by a convenient exit onto one of the city's key roadways, the
Novokoltsovskiy Highway, a bypass road that enables motorists to reach the
city centre, airport, train station and adjacent areas in 10-15 minutes.

The Company plans to complete construction of the residential complex by the
end of 2024.

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

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

 

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  MSCEXLBFLBLFFBL