ETALON GROUP PLC (“Etalon Group” or “the Company”), one of Russia’s largest and longest-established development and construction companies, has completed the first stage of its Normandy project in Moscow. The total NSA of the first phase of the project is 89 ths sqm, including 69 ths sqm of residential space. The first stage of the project includes three residential buildings and underground parking.
Normandy is a comfort-class residential project comprising five residential buildings of up to 24 stories each, underground parking facilities and commercial premises. The total NSA area of the entire complex is 124 ths sqm. The project has enjoyed strong demand, with 80% of the apartments in the first phase of the project sold by the time it was delivered.
The project is located in Moscow’s Losinoostrovsky district, which has well developed infrastructure including educational and healthcare facilities, shopping malls and cafes. It is one of Moscow’s greener neighbourhoods, with the Losiny Ostrov National Park comprising an area of 12 ths ha located less than 3 km away from the complex, and Torfyanoy and Tayezhny Parks within a 10-minute walk. The district lies in close proximity to the Moscow Ring Road and has easy access to major transport routes. The complex is within walking distance of two metro stations, Medvedkovo and Babushkinskaya.
Etalon Group plans to complete the second phase and the entire Normandy project in 2021.
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.