3 Jul 2020 07:30
3 July 2020
Etalon Group Delivers Botanica Project
ETALON GROUP PLC ("Etalon Group" or the "Company"), one of Russia's largest and longest-established development and construction companies, announces the delivery of the Botanica project, located in the Petrogradskiy administrative district of St Petersburg. The project has a total NSA of 47 ths sqm, including 28 ths sqm of residential area.
Botanica is a business-class complex comprised of two 8-9-storey buildings and two-level underground parking. It is the first Etalon Group project in St Petersburg to be certified under Green Zoom, the Russian professional real estate standard for energy efficiency and environmental friendliness. The project makes use of the full range of modern technologies used in modern green construction, such as efficient ventilation systems, central air conditioning, additional water treatment and enhanced sound insulation. The complex is within walking distance from the Petrogradskaya metro station, has excellent transport links with the city centre, convenient access to the Aptekarskaya embankment and other major roadways in the city.
With the completion of this project, Etalon Group has delivered 177 ths sqm of NSA since the beginning of 2020.
This and other recent announcements are available on the Etalon Group website: https://www.etalongroup.com/investor-relations/investor-news/.
Etalon Group IR TeamT: +44 20 8123 1328E: ir@etalongroup.com
EMSam VanDerlipT: +44 207 002 7859E: vanderlip@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. 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 commissioned 7 million sqm of real estate.
The Company is vertically integrated, which helps it to control costs, quality and timing, as well as maintain best-in-class profitability. Etalon Group employs over 5,000 people, and its nationwide sales and marketing network covers 57 Russian cities.
In 2019, Etalon Group acquired and consolidated 100% in Leader-Invest, one of Moscow's largest residential developers by size of land bank and number of projects currently available for sale.
Etalon Group's total assets comprise 33 projects under development, unsold inventory at completed residential complexes and commercial properties, with total unsold NSA of 3.3 million sqm, as well as a construction and maintenance division. Colliers International valued the Company's total assets at RUB 188 billion as of 31 December 2019.
For the year ended 31 December 2019, Etalon Group's new contract sales totalled 630 ths sqm, or RUB 77.6 billion. Deliveries in 2019 amounted to 622 ths sqm.
The Company recorded a record revenue of RUB 84.3 billion and EBITDA of RUB 8.9 billion for the year ended 31 December 2019.
Etalon Group's GDRs have been traded on the Main Market of the London Stock Exchange since 20 April 2011 and on the Level 1 List of Moscow Exchange since 31 January 2020 under the ticker ETLN.