REG - Etalon Group PLC - Etalon Launches New Phase of Novoorlovskiy Project

EtalonAnnouncement

01/09/2022 07:30

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RNS Number : 8060X  Etalon Group PLC  01 September 2022

 

1 September 2022

 

Etalon Group Launches Sales for New Phase of Novoorlovskiy Project

 

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 its Novoorlovskiy residential complex in St
Petersburg. The NSA of this stage of the project is expected to be 20.6 ths
sqm, including 13.0 ths sqm of residential and commercial real estate.

 

The new phase of the project includes a 25-storey residential building with
built-in commercial premises and a separate parking lot. Potential buyers can
choose from a large selection of apartments. Well-designed, ergonomic layouts
with a spacious open-plan kitchen and living room and state-of-the-art
technological solutions will ensure the comfort of residents. The project
includes balconies and sunrooms for every apartment as well as apartments with
walk-in closets, a master bedroom and a sauna. In addition to the residential
part, the complex includes an underground level with storage rooms for
seasonal items. The ground floor of the residential complex will house
commercial infrastructure, and the Company plans to outfit the landscaped
grounds surrounding the project with modern playground equipment for children
and recreation facilities for adults.

 

The residential complex is located in a developed green area in the Primorskiy
district of St Petersburg, in the vicinity of the Novoorlovskiy Nature Reserve
and the Kamenka River. All the infrastructure and amenities that residents
will need are available within walking distance: schools and preschools,
healthcare facilities, shops, sports facilities, restaurants and cafes. The
project offers excellent transport accessibility, with convenient access to
the main thoroughfares in the northern part of St Petersburg, the Ring Road
and the Western High-speed Diameter.

The Novoorlovskiy project is part of the YIT Russia portfolio acquired by
Etalon Group in an M&A deal completed in 2022. In addition to the
Novoorlovskiy residential complex, the deal included 18 other projects at the
design and construction stages in Moscow and the Moscow region, St Petersburg,
the Sverdlovsk region, Kazan and Tyumen.

The Company plans to complete the construction of the latest phase by the end
of 2024.

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

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 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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