Etalon Group Delivers Etalon on the Neva ComplexSource: RNS
1 October 2021
Etalon Group Delivers Etalon on the Neva Residential Complex
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 Etalon on the Neva residential complex in St Petersburg. The property includes 16 multi-storey residential sections, underground parking and amenities. The project's total NSA is 76 ths sqm, including 60 ths sqm of residential and commercial real estate.
The residential complex was built in the historical part of the Nevskiy district on an embankment of the Neva River. Thanks to its location at the bank of the river, the property offers outstanding views. One of the project's features is its uncommon apartment layouts: one- and two-level "urban villas" with direct access to the grounds surrounding the property and the Neva embankment, as well as apartments with large patios. All the necessary amenities can be found within walking distance from the residential complex. Etalon on the Neva is a five-minute walk from the Elizarovskaya metro station and a 15-minute drive from the historic city centre. The site's proximity to the Alexandr Nevskiy and Volodarskiy bridges provides convenient access to major transport routes.
The project is in high demand among buyers: at the time of delivery, more than 75% of the property's NSA had been sold. Including the Etalon on the Neva complex, the Company has delivered 184 ths sqm since the beginning of 2021.
This and other recent announcements are available on the Etalon Group website:
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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. 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 delivered more than 7.5 million 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 total assets comprise 20 projects under development, unsold inventory at completed residential complexes and commercial properties, with total unsold NSA of 2.8 million sqm, as well as a construction and maintenance division. Colliers International valued the Company's total assets at RUB 204 billion as of 31 December 2020.
In 2020, Etalon Group's new contract sales totalled 538 ths sqm, or RUB 79.9 billion. Deliveries in 2020 amounted to 540 ths sqm.
The Company's revenue in 2020 amounted to RUB 78.7 billion, with EBITDA of RUB 12.6 billion.
Etalon Group's GDRs have traded on the Main Market of the London Stock Exchange since 20 April 2011 and on the Level 1 quotation list of Moscow Exchange since 31 January 2020 under the ticker ETLN.