Etalon Group Acquires New Project
Etalon Group Limited (“Etalon Group” or the “Company”), one of Russia’s largest and longest-established development and construction companies, announces that it has acquired six adjacent land plots in the Moscow Metropolitan Area (“MMA”) for the development of a new residential real estate project.
The 9.62-hectare territory is located in the Mytishchinsky district of the Moscow region, six kilometres from the Moscow Ring Road.
The expected NSA of the new comfort-class project is 60 ths sqm, with four low-rise buildings up to three stories high containing 780 flats, a detached parking garage, a pre-school and a primary school for 105 and 215 students, respectively. Construction is expected to start in 2017.