Etalon Group Wins an Auction to acquire New Project in St. Petersburg

16.10.2014

Etalon Group announces that it has won an auction to acquire the rights to a land plot in St. Petersburg from the St. Petersburg Property Fund. The three-hectare land plot is situated on Polyustrovskiy prospect in the Kalininskiy district of St. Petersburg. It is located within walking distance from the Lesnaya metro station and four kilometres from central St. Petersburg. Land planning documentation for the land plot has already been obtained, and allows the rights holder to begin construction in the near future. The documentation permits construction of a residential project with an expected NSA of 92.5 ths sqm.

CONTACT DETAILS:

Elena Kazakova

Head of Public Relations

+7 (812) 348-21-25

Elena.Kazakova@etalongroup.com

Yana Yashchenko

Deputy CFO

+7 (812) 348-09-95

Yana.Yashchenko@etalongroup.com