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 Pulkovo House, a new comfort-class residential complex in St Petersburg. The property will have an estimated NSA of 12 ths sqm, including 11.4 ths sqm of residential real estate.
The project will consist of three low-rise buildings with apartments featuring both classical and open-plan layouts with a combined kitchen and living room. Fourth-floor apartments will feature ceilings up to 5.7 m high, while some of the apartments on the ground floors will have terraces. The underground floors will provide space for seasonal storage, and storage rooms for prams will be available on the ground floors. The project will also include non-residential premises for commercial use, with separate entrances; a closed, vehicle-free courtyard with a variety of green space; areas for bicycle storage; as well as walking paths, recreational spaces, a playground and a work-out area.
The project is scheduled for completion in 4Q 2025.
Pulkovo House is located in the picturesque and pristine Pushkinskiy district, close to St Petersburg’s historical suburbs of Pushkin and Pavlovsk. Essential infrastructure and amenities are available within walking distance, including preschools and schools, shops, pharmacies and fitness clubs. The property also offers excellent accessibility with exits onto the city’s main thoroughfares (the Ring Road, the Western High-Speed Diameter, Pulkovskoye Shosse). Both the suburbs and the airport can be reached in 15 minutes by car, while the centre of St Petersburg is about a 40-minute drive away.
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.