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 project, the Schastye v Tyumeni residential complex. The project’s NSA is expected to be 38 ths sqm, including 27 ths sqm of residential and commercial real estate.
Located in Tyumen, the new residential complex consists of three buildings of 15 to 25 floors along with an above-ground multilevel parking garage. The project offers a wide range of apartments with open-plan layouts with a combined kitchen and living room as well as a master bedroom. Some of the apartments on the upper floors have terraces offering panoramic views. The grounds of the complex will feature playgrounds for children of various ages as well as small islands for recreation. The roof of the parking garage will be the site of a gym with outdoor training equipment. The project also plans to include a promenade that will run alongside a gallery of shops and offices with display windows on the ground floor.
The Schastye v Tyumeni residential complex is located in the very centre of the city, at the intersection of Profsoyuznaya Street and Olovyannikova Street. This convenient location ensures that residents will have access to developed social amenities and commercial infrastructure. Near the complex can be found schools, preschools, universities, medical centres, banks, shopping and business centres, sports facilities and many small cafes and restaurants. Within walking distance of the project there are several parks and garden squares, including the City Park of Culture and Recreation, and a well-equipped promenade along the Tura River embankment. Transport accessibility is provided by convenient access to the city’s major thoroughfares: 50 let Oktyabrya Street, Profsoyuznaya Street and Respubliki Street.
Construction of the Schastye v Tyumeni complex is expected to be completed in 4Q 2024.
The project was part of the YIT Russia portfolio acquired by Etalon Group in an M&A transaction completed in 2022, which included a total of 19 projects at the design and construction stages. Thanks to organic growth and the addition of YIT’s Russian projects to its portfolio, Etalon Group has expanded its operations to eight regions, including St Petersburg, Moscow, the Moscow region, Omsk, Ekaterinburg, the Novosibirsk region, Tyumen and Kazan.
The Schastye v Tyumeni residential complex is the Company’s fourth regional project brought to market since the beginning of 2022. Earlier, Etalon Group launched sales at the Green River project, in Omsk; at the Lyceum Quarter, in the Solnechniy district of Ekaterinburg; as well as at the Schastye v Kazani project, which the Company is building in the capital of Tatarstan.
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.