14 Jul 2022 07:45
14 July 2022
Etalon Group Launches New Phase of Domino Residential Complex
ETALON GROUP PLC ("Etalon Group" or the "Company"), one of Russia's largest and longest-established development and construction companies, announces the start of sales for the latest phase of its Domino residential complex in St Petersburg.
The new phase is a premium-class residential building with 168 apartments. The NSA of this stage of the project is expected to be 21.5 ths sqm, including 14 ths sqm of residential and commercial real estate.
The latest phase, called Domino Premium, will feature a comfortable mid-rise building (10-11 stories) with a wide selection of apartment layouts. Future residents will be able to choose from both classical and open-plan layouts combining a spacious kitchen and living room, as well as unconventional floor plans - for example, apartments with access to a shared outdoor terrace or apartments with a walk-in closet in the master bedroom. Thanks to high ceilings and French balconies with floor-to-ceiling glazing, the apartments will benefit from plenty of natural light. The building's lower floors will house spacious recreation rooms and pram storage facilities, commercial infrastructure as well as a communal area for residents. The private landscaped grounds surrounding Domino Premium will be equipped with modern children's playgrounds and sports grounds, a workout area, parking for bicycles and quiet areas for relaxation.
The residential complex is located in a prestigious part of the Primorskiy district - a seven-minute walk from the Chyornaya Rechka metro station. There are nearby green areas for recreation and walks: Stroganovskiy Park and Saltykovskiy Garden as well as the parks and palaces of Kamenniy Island. The district offers excellent transport accessibility and well-developed infrastructure. Ploshchad Vosstaniya and the Moscow railway station can be reached in 16 minutes by car, while Pulkovo Airport is about 30 minutes away. The area also offers convenient access to nearby resort suburbs.
This and other recent announcements are available on the Etalon Group website: https://www.etalongroup.com/investor-relations/investor-news/
Contact information
Etalon Group
IR Team
T: +44 (0) 20 8123 1328
E: ir@etalongroup.com
EM
E: etalon@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. In 2021, the Company began a regional expansion programme and has already launched new projects in Omsk, the Novosibirsk region as well as Ekaterinburg and Tyumen. 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 commissioned 7.9 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 27 projects at the design and construction stages, unsold inventory at completed residential complexes and commercial properties, with total unsold NSA of 6.0 mln sqm, as well as a construction and maintenance division. Colliers International valued the Company's total assets at RUB 270 billion as of 31 December 2021.
In 2021, Etalon Group's new contract sales totalled 446 ths sqm, or RUB 84.4 billion. The Company's revenue in 2021 amounted to RUB 87.1 billion, with EBITDA of RUB 17.9 billion.
Etalon Group's GDRs have traded on the Main Market of the London Stock Exchange since 20 April 2011 and in the Level 1 quotation list of Moscow Exchange since 31 January 2020 under the ticker ETLN.