ETALON GROUP PLC (“Etalon Group” or the “Company”), one of Russia’s largest and longest-established development and construction companies, announces the delivery of its Okhta House project, located in the Krasnogvardeyskiy district of St Petersburg.
Okhta House is a comfort-class residential complex consisting of four residential buildings, as well as underground and above-ground parking. The project also includes a preschool for 140 children. The total NSA of the project is 134 ths sqm, including 93 ths sqm of residential space. Okhta House offers buyers a wide selection of apartments to meet a variety of needs and tastes, including fully finished apartments.
The property is built on spacious grounds free of densely packed buildings. The Okhta River runs nearby, and there are numerous parks – Polyustrovskiy Park, Ilyinskiy Garden, Armashevskiy Skver Park – in the area. In such surroundings, Okhta House will enable residents to enjoy countless opportunities for outdoor activities and walks in the fresh air. Schools, preschools, healthcare facilities, shops, beauty salons and sports centres are all accessible within walking distance. There are also plenty of public transport options in the immediate vicinity of the project.
Including Okhta House, Etalon Group has delivered 334 ths sqm since the beginning of 2020.
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.