REG - Etalon Group PLC - Etalon Group Acquires Project in St Petersburg

EtalonAnnouncement

14/02/2022 07:30

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RNS Number : 5078B  Etalon Group PLC  14 February 2022

 

14 February 2022

 

Etalon Group Announces Acquisition of a Project in St Petersburg

 

ETALON GROUP PLC ("Etalon Group" or the "Company"), one of Russia's largest
development and construction companies, announces the acquisition of a site
for residential development in the Pushkinskiy district of St Petersburg. The
estimated NSA of the future property is 38 ths sqm, including 32 ths sqm of
residential real estate.

 

The construction site is located in an established area with extensive
infrastructure, including schools and preschools, healthcare facilities, shops
and cafes. Shopping centres, green areas - Pulkovskiy Park, Dubovaya Roshcha
Park and the Raisa Shtreys Public Garden - are all within 3 km of the site.
The property offers convenient exits onto the Ring Road, and Pulkovo Airport
is 30 minutes away by car.

 

Etalon Group plans to launch sales in the new residential complex in 2022 and
to complete the project by the end of 2025.

 

The acquisition of the new project in St Petersburg is in line with Etalon
Group's development strategy approved at the end of 2020 as well as its land
bank replenishment programme. Since the launch of the programme in 2021, the
Company has acquired four sites in St Petersburg and expanded into four
Russian regions. In doing so, the Company has added 3.6 mln sqm to its project
portfolio. As it continues to implement its development strategy, Etalon Group
plans to acquire several more sites in St Petersburg, Moscow and other regions
by the end of 2022.

 

This and other recent 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 information

 

Etalon Group

IR Team

T: +44 (0) 20 8123 1328

E: 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. In
2021, the Company began a regional expansion programme and has already
launched new projects in Omsk, the Novosibirsk region, Ekaterinburg and
Tyumen. 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 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 2021, Etalon Group's new contract sales totalled 446 ths sqm, or RUB 84.4
billion. 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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