REG - Etalon Group PLC - Start of Sales at a New Complex in Novosibirsk

EtalonAnnouncement

11/04/2023 08:00

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RNS Number : 7835V  Etalon Group PLC  11 April 2023

11 April 2023

 

Etalon Group Announces Start of Sales at First Phase of Schastye v Koltsovo, a
New Residential Complex in Novosibirsk Region

ETALON GROUP PLC ("Etalon Group" or the "Company"), one of Russia's largest
and longest-established development and construction companies, announces the
launch of sales at the first phase of its new Schastye v Koltsovo residential
complex, located in the Novosibirsk region.

The first phase of construction includes eight buildings varying in height
from 7 to 16 storeys. Etalon Group has begun sales at the first building,
which is expected to have an NSA of 24.5 ths sqm, including 19.5 ths sqm of
residential real estate. The building includes storage rooms for seasonal
items, as well as pram storage on the ground floor. The inner courtyard the
first building will be equipped with playgrounds for children, areas with
exercise machines, bicycle racks, areas designated for rest and relaxation, a
sensory labyrinth, as well as an inclusive playground that will enable
children with disabilities to play and develop together with their peers. The
customised landscape design for the Schastye v Koltsovo project envisages the
creation of green spaces where residents can exercise or do yoga.

The Schastye v Koltsovo project is expected to have a total NSA of 280 ths sqm
and to be delivered in 4Q 2029.

The Schastye v Koltsovo project is being built in the Novosibirsk metropolitan
area, in the Koltsovo district. The district boasts well-developed
infrastructure and is one of the leading research and manufacturing hubs in
the region. It offers excellent transport accessibility, with highways
connecting it to Novosibirsk's Pervomaiskiy district through Baryshevo to the
north-west, and with Akademgorodok to the south.

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

+44 (0) 20 8123 1328

Email: ir@etalongroup.com (mailto:ir@etalongroup.com)

 

EM

Email: 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 over 4,600 people, and its nationwide sales
and marketing network covers 59 Russian cities.

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 traded on the Main Market of the London Stock
Exchange since 20 April 2011 (under the ticker ETLN) and in the Level 1
quotation list of Moscow Exchange since 31 January 2020.

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