10 Dec 2020 07:30
10 December 2020
Etalon Group Delivers Schastye na Presne 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 Schastye na Presne project, located in the central administrative district of Moscow.
The Schastye na Presne residential complex is a business class residential building ranging from 16 to 19 storeys high with an underground parking garage. The total NSA of the project is 6.1 ths sqm, including 5.4 ths sqm of residential area. Apartments in Schastye na Presne feature ceilings that range from 3.6 to 5.1 metres in height. Panoramic windows in the apartments offer stunning views of the Moscow City business district, the Moscow River embankment, the Krasnogvardeyskiye ponds and other attractions in the centre of the capital.
The Schastye na Presne project is located within a 15-minute walk of the Ulitsa 1905 Goda metro station, in close proximity to the Third Ring Road and Zvenigorodskoye Shosse. Just 100 metres from the complex is the picturesque and green Krasnogvardeiskiy Bulvar, with its cascade of ponds, behind which are Krasnaya Presnya Park and the embankment of the Moscow River. Within walking distance one can find numerous shops, two preschools, a sports centre and the Expocentre.
This project has enjoyed high demand and all the apartments in the residential complex have already been sold. With the completion of Schastye na Presne, Etalon Group has delivered 199 ths sqm year-to-date.
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
EM Sam 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.