Etalon Group Acquires New Project in Moscow
ETALON GROUP PUBLIC COMPANY LIMITED (“Etalon Group” or the “Company”), one of Russia’s largest and longest-established development and construction companies, announces it has acquired the rights to a 2.7-hectare land plot in the Central administrative district of Moscow.
The land plot is situated in the city centre on Letnikovskaya Street. This is a well-established and prestigious neighbourhood, with modern residential and entertainment infrastructure, as well as cultural sites, all located nearby. The area also benefits from its close proximity to a business district that is home to the headquarters of several financial institutions and international companies.
Etalon Group plans to develop a business-class project on the site, with a total NSA of 75 ths sqm. This will include 50 ths sqm of residential space and a parking garage for 596 cars. The master plan for the territory has already been obtained; Etalon Group plans to begin construction and launch sales at the project in 2018.
The project will have excellent transport accessibility: Red Square is just a 10-minute drive from the project, and Paveletskiy railway station is located at the northern end of Letnikovskaya street.