2 Jun 2023 07:30
2 June 2023
Etalon Group Announces Start of Sales at New Project in St Petersburg
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 at Pulkovo House, a new comfort-class residential complex in St Petersburg. The property will have an estimated NSA of 12 ths sqm, including 11.4 ths sqm of residential real estate.
The project will consist of three low-rise buildings with apartments featuring both classical and open-plan layouts with a combined kitchen and living room. Fourth-floor apartments will feature ceilings up to 5.7 m high, while some of the apartments on the ground floors will have terraces. The underground floors will provide space for seasonal storage, and storage rooms for prams will be available on the ground floors. The project will also include non-residential premises for commercial use, with separate entrances; a closed, vehicle-free courtyard with a variety of green space; areas for bicycle storage; as well as walking paths, recreational spaces, a playground and a work-out area.
The project is scheduled for completion in 4Q 2025.
Pulkovo House is located in the picturesque and pristine Pushkinskiy district, close to St Petersburg's historical suburbs of Pushkin and Pavlovsk. Essential infrastructure and amenities are available within walking distance, including preschools and schools, shops, pharmacies and fitness clubs. The property also offers excellent accessibility with exits onto the city's main thoroughfares (the Ring Road, the Western High-Speed Diameter, Pulkovskoye Shosse). Both the suburbs and the airport can be reached in 15 minutes by car, while the centre of St Petersburg is about a 40-minute drive away.
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 Russia's largest development and construction companies. 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, Ekaterinburg, Tyumen and Kazan. 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 delivered 8.6 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 more than 5,800 people, and its nationwide sales network covers 35 regions of Russia.
Etalon Group's assets comprise 38 projects at the design and construction stages, unsold inventory at completed residential complexes and commercial properties, with total unsold NSA of 6.4 mln sqm, as well as a construction and maintenance division. According to Nikoliers, the value of Etalon Group assets as of 31 December 2022 was RUB 288 billion.
In 2022, Etalon Group's new contract sales totalled 292 ths sqm, or RUB 58.7 billion, not including accumulated new contract sales at YIT Russia as of its acquisition.
The Company's revenue in 2022 amounted to RUB 80.6 billion, with EBITDA of RUB 16.5 billion.
Etalon Group's GDRs have been listed 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.