edition:
polskienglish
log in | register
previous
Skanska enters Gdańsk
next
Panattoni closes on its German targets

reklama

Etalon sees 10 pct asset growth

Rafał Ostrowski 12 March 2018

Rafał Ostrowski

Journalist

+48 22 356 25 11
rafal.ostrowski@eurobuildcee.com

Rafał is a journalist at ‘Eurobuild CEE’. Previously he worked for Wydawnictwo Murator and for Shopping Centre Magazine, as well as for retailnet.pl. He has also written for many newspapers and magazines as a freelancer and published photo-reportages from his travels to Asia, where lived and worked for some time. Rafał graduated from the University of Warsaw in philosophy. He also completed postgraduate studies in text editing. He enjoys sailing, travelling and family life. For ‘Eurobuild CEE’ he specialises in eastern European markets and is responsible for the film direction of Eurobuild TV.

RUSSIA The total value of Etalon’s assets reached RUB 135 bln (USD 2.3 bln) according to an asset valuation as of December 31st, 2017, conducted by Knight Frank. v

The asset valuation includes the valuation of the company’s project portfolio, which increased by 10 bln from RUB 116 bln as of 31 December 2016 to RUB 127 bln as of 31 December 2017. The 10 pct increase in the open market value of Etalon’s project portfolio was supported by the acquisition of projects in Moscow and St Petersburg, as well as further progress at existing sites. “Our 2017 acquisitions included three business class projects that will enable Etalon Group to further diversify its portfolio into the higher-end market segment in both Moscow and St Petersburg,” commented Viacheslav Zarenkov.


Furthermore, the integration of a number of Etalon Group’s smaller business units into a single construction and maintenance business carried out in 2017 enabled Knight Frank to conduct a valuation of the unified company, valuing it at RUB 8.3 bln. “In accordance with previously announced plans, in 2017 we consolidated our construction, maintenance and service entities into a separate division with centralised management and KPIs that are tied to Etalon Group’s overall strategic goals. With the process of integration complete, we can now treat the new business unit as an asset for valuation. We expect that increases in operating efficiency and a common marketing strategy will help this division to deliver on its great potential for further growth,” commented Viacheslav Zarenkov, Etalon Group president.


Newsletter
Want to know more? Sign up for the Newsletter


reklama

More news

reklama

conferences

The 17th Annual Eurobuild CEE Golf Tournament
The 13th Annual Eurobuild CEE Tennis Tournament
The 3rd Architecture and Construction Festival
The 9th Conference Office Market for Poland
The 24th Annual Property Market Convention
Eurobuild Awards 2018
reklama

reklama
About Us Contact Privacy Rules Archive Newsletter
Copyright 2017 EuroCEE. All rights reserved.