REG - Etalon Group PLC - Etalon Group Begins Sales at New Project in Kazan

EtalonAnnouncement

03/10/2022 08:00

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RNS Number : 5078B  Etalon Group PLC  03 October 2022

3 October 2022

 

Etalon Group Begins Sales at New Project in Kazan

 

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 residential complex in Kazan. The project's NSA is
expected to be 45 ths sqm.

 

The first phase of the new residential complex, called Schastye v Kazani,
includes two buildings of different heights - 19 and 20 floors - with built-in
commercial and office space as well as a two-level enclosed parking garage.
According to the project plans, the NSA of the first phase will be 20 ths sqm,
including 19 ths sqm of residential and commercial real estate. The available
layouts are notable for their diversity and functionality: the project offers
classic layouts alongside open-plan apartments with a combined kitchen and
living room and apartments with walk-in closets, master bedrooms as well as
saunas. The first phase will also include so-called transformer apartments.

 

The landscaping concept for the grounds surrounding the project was developed
in collaboration with landscape designers and environmental experts. The
Company plans to build operational terraces and publicly accessible recreation
areas atop the project's stylobate; the adjacent grounds will feature
recreation and sports facilities, playgrounds as well as an extensive walking
area.

 

The residential complex is located in a developed green area with extensive
social and commercial infrastructure: within walking distance are schools,
shops and cafes, several shopping centres and sports facilities, including the
Ak Bars Arena - one of the largest stadiums in Russia. The complex is located
in close proximity to the picturesque Savinovo recreation park, on the banks
of the Kazanka River. The project offers convenient transport access onto
Prospekt Yamasheva, one of the most important thoroughfares in Kazan.

 

The Company expects to complete construction of the Schastye v Kazani project
by the end of 2026.

 

The project is part of the YIT Russia portfolio acquired by Etalon Group in an
M&A deal completed in 2022. In total, the deal included 19 projects at the
design and construction stages in Moscow and the Moscow region, St Petersburg,
the Sverdlovsk region, Kazan and Tyumen, as well as exclusive rights to
Dispatcher 24 software for managing apartment buildings, project design
documentation and a library of standard design solutions for cast-in-place
construction and buildings made of prefabricated panels, as well as service
companies and a 50% stake in a joint venture with Brusnika, whose assets under
management total 2.2 mln sqm.

 

With its acquisition of the YIT Russia portfolio, Etalon Group expanded its
operations to eight regions, including St Petersburg, Moscow, the Moscow
region, Omsk, Ekaterinburg, the Novosibirsk region, Tyumen and Kazan. The
Schastye v Kazani residential complex is the Company's third regional project
brought to market since the beginning of 2022, following the launch of sales
at the Green River project in Omsk and at the Lyceum Quarter residential
complex in the Solnechniy district of Ekaterinburg.

 

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 information

 

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 as well as 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 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.

 

 

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