RNS Number : 8248N
Etalon Group PLC
04 October 2021
 

4 October 2021

 

Etalon Group Launches Sales at its Project on Letnikovskaya Street

 

ETALON GROUP PLC ("Etalon Group" or the "Company"), one of Russia's largest and longest-established development and construction companies, announces that it has launched sales at its project on Letnikovskaya Street in the Central Administrative Division of Moscow.

 

The multifunctional business-class complex - to be called Voxhall - is located in the very centre of the capital, in close proximity to the Paveletskaya metro station. The project is expected to provide 66 ths sqm of NSA, including 57 ths sqm of residential and commercial real estate. The multifunctional complex will offer residential and non-residential apartments in a variety of layouts, including with several terraces, spacious kitchens and master bedrooms, as well as windows facing in three cardinal directions. The property will also offer excellent views thanks to its convenient location 5 kilometres from the Kremlin and near the Moscow River Embankment.

 

The construction site is located in the prestigious Zamoskvorechye district with its modern residential, business and entertainment infrastructure as well as nearby cultural attractions. Voxhall is in the immediate vicinity of business districts where a number of financial institutions and international companies are headquartered. Just four minutes from the residential complex, a new landscape park was laid out on Paveletskaya Square, with an underground shopping centre, fountains, landscaped green areas and an open-air amphitheatre. The first phase of the park opened in September, and the grounds are expected to be fully landscaped by the end of the year. The property offers excellent accessibility for personal and public transport. Only 350 metres away, to the north of Letnikovskaya Street, is Paveletskiy station, where Aeroexpress trains depart for Domodedovo Airport.

 

The Company plans to complete the project in 2025.

 

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

https://www.etalongroup.com/ru/investoram/novosti/. 

 

Contact information

 

Etalon Group

IR Team

T: +44 (0) 20 8123 1328

E: ir@etalongroup.com

 

EM

Sam VanDerlip

T.: +44 207 002 7859

E: 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. With a more than 30-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 7.5 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 2020, Etalon Group's new contract sales totalled 538 ths sqm, or RUB 79.9 billion. Deliveries in 2020 amounted to 540 ths sqm.

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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