REG - Etalon Group PLC - Etalon Plans New Investment Project in Moscow

EtalonAnnouncement

16/02/2022 11:30

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20220216:nRSP8843Ba&default-theme=true

RNS Number : 8843B  Etalon Group PLC  16 February 2022

16 February 2022

Etalon Group Plans New Investment Project in Moscow

ETALON GROUP PLC ("Etalon Group" or the "Company"), one of Russia's largest
and longest-established development and construction companies, announces that
it has has obtained rights to develop a new project in Moscow's North-Eastern
Administrative Division. The future residential property is expected to
provide 11 ths sqm of net sellable area ("NSA"), including 10 ths sqm of
residential and commercial space.

The construction site is located close to the centre of Moscow, near the
Maryina Roshcha metro station. The area features extensive infrastructure: a
large number of shops are within walking distance from the site, as well as
the Raikin Plaza shopping centre, medical facilities, schools and several
secondary, vocational and higher education institutions. In their free time,
future residents we be able to take walks in Festival Park and visit nearby
cafes, fitness centres, a curling club and an equestrian club. The historical
Catherine Park, the Olympic sports complex, the Russian Army Theatre, the
Central Museum of the Armed Forces and a number of other attractions are all
located within a radius of 2 kilometres. The site offers excellent transport
accessibility thanks to exits onto three major thoroughfares: the Third Ring
Road, Prospekt Mira and Butyrskaya Street, which becomes Dmitrovskoye Shosse.

Etalon Group plans to start construction on the residential complex in 2023
and complete the project in 2024.

The acquisition of this new project in Moscow 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, one site in Moscow and
expanded into four Russian regions. In doing so, the Company added 3.6 mln sqm
to its project portfolio and 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/

 

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. 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 delivered more than 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.

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  MSCUNRARUKUUAAR