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 at a new residential complex in Kazan. The project’s NSA is expected to be 45 ths sqm.
The first phase of the new residential complex, called Schastye v Kazani, includes two buildings of different heights – 19 and 20 floors – with built-in commercial and office space as well as a two-level enclosed parking garage. According to the project plans, the NSA of the first phase will be 20 ths sqm, including 19 ths sqm of residential and commercial real estate. The available layouts are notable for their diversity and functionality: the project offers classic layouts alongside open-plan apartments with a combined kitchen and living room and apartments with walk-in closets, master bedrooms as well as saunas. The first phase will also include so-called transformer apartments.
The landscaping concept for the grounds surrounding the project was developed in collaboration with landscape designers and environmental experts. The Company plans to build operational terraces and publicly accessible recreation areas atop the project’s stylobate; the adjacent grounds will feature recreation and sports facilities, playgrounds as well as an extensive walking area.
The residential complex is located in a developed green area with extensive social and commercial infrastructure: within walking distance are schools, shops and cafes, several shopping centres and sports facilities, including the Ak Bars Arena – one of the largest stadiums in Russia. The complex is located in close proximity to the picturesque Savinovo recreation park, on the banks of the Kazanka River. The project offers convenient transport access onto Prospekt Yamasheva, one of the most important thoroughfares in Kazan.
The Company expects to complete construction of the Schastye v Kazani project by the end of 2026.
The project is part of the YIT Russia portfolio acquired by Etalon Group in an M&A deal completed in 2022. In total, the deal included 19 projects at the design and construction stages in Moscow and the Moscow region, St Petersburg, the Sverdlovsk region, Kazan and Tyumen, as well as exclusive rights to Dispatcher 24 software for managing apartment buildings, project design documentation and a library of standard design solutions for cast-in-place construction and buildings made of prefabricated panels, as well as service companies and a 50% stake in a joint venture with Brusnika, whose assets under management total 2.2 mln sqm.
With its acquisition of the YIT Russia portfolio, Etalon Group expanded its operations to eight regions, including St Petersburg, Moscow, the Moscow region, Omsk, Ekaterinburg, the Novosibirsk region, Tyumen and Kazan. The Schastye v Kazani residential complex is the Company’s third regional project brought to market since the beginning of 2022, following the launch of sales at the Green River project in Omsk and at the Lyceum Quarter residential complex in the Solnechniy district of Ekaterinburg.
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 38 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 2025, Etalon Group’s new contract sales totalled 671 ths sqm, or RUB 153.5 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.