11 Apr 2023 08:00
11 April 2023
Etalon Group Announces Start of Sales at First Phase of Schastye v Koltsovo, a New Residential Complex in Novosibirsk Region
ETALON GROUP PLC ("Etalon Group" or the "Company"), one of Russia's largest and longest-established development and construction companies, announces the launch of sales at the first phase of its new Schastye v Koltsovo residential complex, located in the Novosibirsk region.
The first phase of construction includes eight buildings varying in height from 7 to 16 storeys. Etalon Group has begun sales at the first building, which is expected to have an NSA of 24.5 ths sqm, including 19.5 ths sqm of residential real estate. The building includes storage rooms for seasonal items, as well as pram storage on the ground floor. The inner courtyard the first building will be equipped with playgrounds for children, areas with exercise machines, bicycle racks, areas designated for rest and relaxation, a sensory labyrinth, as well as an inclusive playground that will enable children with disabilities to play and develop together with their peers. The customised landscape design for the Schastye v Koltsovo project envisages the creation of green spaces where residents can exercise or do yoga.
The Schastye v Koltsovo project is expected to have a total NSA of 280 ths sqm and to be delivered in 4Q 2029.
The Schastye v Koltsovo project is being built in the Novosibirsk metropolitan area, in the Koltsovo district. The district boasts well-developed infrastructure and is one of the leading research and manufacturing hubs in the region. It offers excellent transport accessibility, with highways connecting it to Novosibirsk's Pervomaiskiy district through Baryshevo to the north-west, and with Akademgorodok to the south.
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
+44 (0) 20 8123 1328
Email: ir@etalongroup.com
EM
Email: 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 over 4,600 people, and its nationwide sales and marketing network covers 59 Russian cities.
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 traded on the Main Market of the London Stock Exchange since 20 April 2011 (under the ticker ETLN) and in the Level 1 quotation list of Moscow Exchange since 31 January 2020.