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 the Suomen Ranta residential complex in Ekaterinburg. The NSA of the phase, which includes a residential building and commercial space, is expected to be 12.6 ths sqm.
The Suomen Ranta project was part of the YIT Russia portfolio acquired by Etalon Group in an M&A deal completed in 2022. The project consists of five separate residential buildings, three of which have already been delivered, as well as an underground parking lot that is in operation and an aboveground lot that is under construction. The complex offers a wide range of layouts, including open-plan apartments with a combined kitchen and living room, walk-in closets and utility rooms, as well as the possibility of dividing apartments into common and private areas. Space for seasonal storage is available in the underground part of the buildings. The ground floors house commercial infrastructure, including a supermarket and a marketplace pickup point.
All the buildings in the complex have the same facade and a shared concept that includes a functional layout for the ground floor with barrier-free access and a passageway into a landscaped courtyard. The grounds surrounding each building include separate areas for games and sports, general recreation and quiet relaxation as well as bicycle and pedestrian paths.
The complex is located in a developed area of Ekaterinburg, on the banks of the Iset River, within easy reach of Mayakovskiy Park, the largest park in the city. Within walking distance can be found all the necessary commercial infrastructure and social amenities as well as public transport stops and two metro stations: Botanicheskaya and Chkalovskaya. Transport accessibility is provided by a convenient exit onto one of the city’s key roadways, the Novokoltsovskiy Highway, a bypass road that enables motorists to reach the city centre, airport, train station and adjacent areas in 10–15 minutes.
The Company plans to complete construction of the residential complex 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 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.