REG - Etalon Group PLC - Etalon Delivers Second Phase of Normandy Complex

EtalonAnnouncement

30/11/2021 07:30

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RNS Number : 9542T  Etalon Group PLC  30 November 2021

30 November 2021

 

Etalon Group Delivers Second Phase of Normandy Residential Complex

 

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 recent announcements are available on the Etalon Group website:
https://www.etalongroup.com/investor-relations/investor-news/
(https://www.etalongroup.com/ru/investoram/novosti/)

 

Contact information

 

Etalon Group

IR Team

T: +44 (0) 20 8123 1328

E: ir@etalongroup.com (mailto:ir@etalongroup.com)

 

EM

Sam VanDerlip

T.: +44 207 002 7859

E: vanderlip@em-comms.com (mailto:vanderlip@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.
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.

 

 

 

 

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