REG - Etalon Group PLC - Etalon Starts Sales at New Project in StPetersburg

EtalonAnnouncement

02/06/2023 07:30

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RNS Number : 4793B  Etalon Group PLC  02 June 2023

2 June 2023

 

Etalon Group Announces Start of Sales at New Project in St Petersburg

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 Pulkovo House, a new comfort-class residential complex in St
Petersburg. The property will have an estimated NSA of 12 ths sqm, including
11.4 ths sqm of residential real estate.

The project will consist of three low-rise buildings with apartments featuring
both classical and open-plan layouts with a combined kitchen and living room.
Fourth-floor apartments will feature ceilings up to 5.7 m high, while some of
the apartments on the ground floors will have terraces. The underground floors
will provide space for seasonal storage, and storage rooms for prams will be
available on the ground floors. The project will also include non-residential
premises for commercial use, with separate entrances; a closed, vehicle-free
courtyard with a variety of green space; areas for bicycle storage; as well as
walking paths, recreational spaces, a playground and a work-out area.

The project is scheduled for completion in 4Q 2025.

 

Pulkovo House is located in the picturesque and pristine Pushkinskiy district,
close to St Petersburg's historical suburbs of Pushkin and Pavlovsk. Essential
infrastructure and amenities are available within walking distance, including
preschools and schools, shops, pharmacies and fitness clubs. The property also
offers excellent accessibility with exits onto the city's main thoroughfares
(the Ring Road, the Western High-Speed Diameter, Pulkovskoye Shosse). Both the
suburbs and the airport can be reached in 15 minutes by car, while the centre
of St Petersburg is about a 40-minute drive away.

 

This and other recent announcements are available on the Etalon Group website:
https://www.etalongroup.com/investor-relations/investor-news/
(https://www.etalongroup.com/ru/investoram/novosti/)

 

Contact information

Etalon Group

IR Team

T: +44 (0) 20 8123 1328

E: ir@etalongroup.com (mailto: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 Russia's largest development and
construction companies. 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, Tyumen and Kazan. 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 8.6 mln 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 more than 5,800 people, and its nationwide
sales network covers 35 regions of Russia.

 

Etalon Group's assets comprise 38 projects at the design and construction
stages, unsold inventory at completed residential complexes and commercial
properties, with total unsold NSA of 6.4 mln sqm, as well as a construction
and maintenance division. According to Nikoliers, the value of Etalon Group
assets as of 31 December 2022 was RUB 288 billion.

 

In 2022, Etalon Group's new contract sales totalled 292 ths sqm, or RUB 58.7
billion, not including accumulated new contract sales at YIT Russia as of its
acquisition.

 

The Company's revenue in 2022 amounted to RUB 80.6 billion, with EBITDA of RUB
16.5 billion.

 

Etalon Group's GDRs have been listed 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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