December 18, 2017 / 7:55 AM / a year ago

BRIEF-Russia's Etalon acquires new project in St Petersburg

Dec 18 (Reuters) - Etalon Group says:

* Etalon has acquired the rights to a 2.8-hectare land plot in the Nevsky district of St Petersburg for the development of a new residential project.

* The total planned net sellable area (NSA) of the new project is 76,000 square metres, including 56,000 sq. m. of residential space, as well as commercial premises and a parking garage.

* As most of the permit documentation has already been obtained, the company aims to begin construction and launch sales within the next 12 months. Source text for Eikon: Further company coverage: (Reporting by Moscow Newsroom)

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