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

EtalonAnnouncement

21/02/2022 08:00

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RNS Number : 2692C  Etalon Group PLC  21 February 2022

21 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 acquired a project in Moscow's North-Eastern Administrative Division.
The future residential complex is expected to provide 69 ths sqm of net
sellable area ("NSA"), including 31 ths sqm of commercial space and 28 ths sqm
of residential space.

The land plot is located in the Butyrskiy district, near existing residential
areas that offer all the social, medical and recreational amenities necessary.
An ice rink, Goncharovskiy Park and Yabloneviy Garden are also within walking
distance. The Butyrskaya metro station is several minutes away on foot.
Transport accessibility is provided by exits onto Dmitrovskoye Shosse,
Argunovskaya Street and Sushchovskiy Val.

Etalon Group plans to launch sales at the project in 2023 and to complete
construction in 2026.

The acquisition of a 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, two sites in Moscow and
expanded into four Russian regions. In doing so, the Company has added 3.7 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.

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