Etalon Group gets sales underway for residential project in Moscow

Writer, Stock Market Wire
Wednesday, February 13, 2019 - 10:29

Etalon Group said Wednesday it had launched sales for the final stage of its residential project Normandy in Moscow.

The total net square acreage of this stage, which consists of two buildings of 10-21 storeys and underground parking for 296 cars, amounted to 34,400 sqm, including 28,400 sqm of apartments. The total net square acreage of the project is 123,000 sqm.

'A comfort-class residential project, Normandy will consist of five buildings with variable heights up to 24 storeys, underground parking, a pre-school for 125 children and commercial premises,' the company said.

Etalon Group said it plans to complete this phase and the entire project in 2020.

Related content

Etalon agrees to purchase 51% stake in Leader-Invest for RUB 15.2bn

Russian Construction and development group Etalon said its subsidiary Etalon Group Company AO had signed a binding agreement to purchase a 51% stake in Leader-Invest...

Tue, 19/02/2019 - 09:45

Etalon on the hunt for acquisitions to bolster portfolio

Etalon said Tuesday it would explore potential acquisition opportunities in light of the economic and regulatory changes affecting Russia's residential real estate sector.


Tue, 22/01/2019 - 09:40

Etalon Group notches record contract sales in Q4

Construction Group Etalon Group said Monday annual new contract sales met its expectations following a 30% increase in new contracts during the fourth quarter....

Mon, 21/01/2019 - 09:56

Etalon raises guidance as contract sales rise in Q3

Development and construction group Etalon raised guidance on sales after third-quarter new contract sales jumped sharply supported by 'high demand' for the group's projects....

Wed, 10/10/2018 - 08:37

Etalon Group completes final residential building of Samotsvety project

Russian construction group Etalon said Friday it had delivered the final residential building of its Samotsvety project in St Petersburg.

The residential building included 562...

Fri, 21/09/2018 - 09:55