ETALON GROUP PLC (“Etalon Group” or the “Company”), one of Russia’s largest and longest-established development and construction companies, announces the start of sales for a new phase of its Novoorlovskiy residential complex in St Petersburg. The NSA of this stage of the project is expected to be 20.6 ths sqm, including 13.0 ths sqm of residential and commercial real estate.
The new phase of the project includes a 25-storey residential building with built-in commercial premises and a separate parking lot. Potential buyers can choose from a large selection of apartments. Well-designed, ergonomic layouts with a spacious open-plan kitchen and living room and state-of-the-art technological solutions will ensure the comfort of residents. The project includes balconies and sunrooms for every apartment as well as apartments with walk-in closets, a master bedroom and a sauna. In addition to the residential part, the complex includes an underground level with storage rooms for seasonal items. The ground floor of the residential complex will house commercial infrastructure, and the Company plans to outfit the landscaped grounds surrounding the project with modern playground equipment for children and recreation facilities for adults.
The residential complex is located in a developed green area in the Primorskiy district of St Petersburg, in the vicinity of the Novoorlovskiy Nature Reserve and the Kamenka River. All the infrastructure and amenities that residents will need are available within walking distance: schools and preschools, healthcare facilities, shops, sports facilities, restaurants and cafes. The project offers excellent transport accessibility, with convenient access to the main thoroughfares in the northern part of St Petersburg, the Ring Road and the Western High-speed Diameter.
The Novoorlovskiy project is part of the YIT Russia portfolio acquired by Etalon Group in an M&A deal completed in 2022. In addition to the Novoorlovskiy residential complex, the deal included 18 other projects at the design and construction stages in Moscow and the Moscow region, St Petersburg, the Sverdlovsk region, Kazan and Tyumen.
The Company plans to complete the construction of the latest phase by the end of 2024.
This and other recent announcements are available on the Etalon Group website:
https://www.etalongroup.com/en/news/.
IR Team
About Etalon Group
Founded in 1987, today Etalon Group is one of the leading nationwide players in Russia’s development and housing construction sector. The Company develops real estate projects for the middle class in Moscow, the Moscow region and St Petersburg. The Company has been actively developing in eight regions across Russia since 2021, with large-scale projects under way in Omsk, the Novosibirsk region, Ekaterinburg, Tyumen and Kazan. With 37 years of successful operations and ongoing regional expansion, the Company remains one of the largest players in the Russian real estate market. Since its foundation, Etalon Group has delivered 9.2 mln sqm of real estate.
Thanks to its integrated business model, Etalon Group creates added value for customers and shareholders at every stage of development, from land plot analysis and acquisition to the operation and maintenance of existing properties. Etalon Group employs more than 6,000 people.
Etalon Group’s total assets comprise 27 projects under development, unsold inventory at completed residential complexes and commercial properties, with total unsold NSA of 5.5 million sqm, as well as a construction and maintenance division. According to Nikoliers, the value of Etalon Group assets as of 31 December 2024 was RUB 305 billion.
In 2024, Etalon Group’s new contract sales totalled 699 ths sqm, or RUB 146.2 billion.
The Company’s revenue in 2024 amounted to RUB 131 billion, with EBITDA of RUB 27.6 billion.
Etalon Group shares are traded on the Moscow Exchange (ticker ETLN) and have been included in the Level 2 quotation list since September 2025.