1 Oct 2020 07:30
1 October 2020
Etalon Group Delivers Schastye na Sokole 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 Sokole project, located in the northern administrative district of Moscow.
The business class project Schastye na Sokole features a shared gallery joining two sections that are five and 10 storeys high. The project includes a two-level underground parking garage and it is surrounded by a private landscaped territory. The total NSA of the project is 9 ths sqm, comprising 7 ths sqm of residential area.
The Schastye na Sokole project is located close to the Sokol and Airport metro stations in a residential district that offers well-developed infrastructure and comfortable living conditions. Within walking distance, one will find supermarkets, educational institutions, pre-schools, a cinema, as well as several parks and ponds, including Timiryazevsky and Chapaevsky parks, Ambulatorny and Koptevsky ponds with a landscaped area for walking and recreation. The project has good transport accessibility, with two metro stations within walking distance and easy access to Leningradsky Prospekt and the North-Western Chord.
With the completion of Schastye na Sokole, Etalon Group has delivered 193 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.