ETALON GROUP PLC (“Etalon Group” or the “Company”), one of Russia’s largest and longest-established development and construction companies, announces that it has acquired a 20.7 hectare land plot in the Pushkinsky district of St Petersburg. This acquisition is aligned with the Company’s previously announced strategy to expand its project portfolio.
The site that Etalon Group has acquired is located in an area with developed social, recreational and transport infrastructure. There are shops, pre-schools, schools, universities, medical and sports facilities all within walking distance. Future residents of the project will enjoy numerous local attractions, including the Alexandrovsky and Ekaterininsky parks, public gardens and architectural monuments. Transport accessibility is provided by two railway stations, public transport routes and convenient road links: the Western High-Speed Perimeter and the Ring Road are 10-15 minutes’ drive away, while Pulkovo Airport is just 20 minutes by car and the Expoform congress and exhibition centre can be reached in 10 minutes.
The project involves construction of a low-rise comfort class residential complex with commercial and social infrastructure facilities, as well as parking for 360 cars. The expected net sellable area (NSA) of the project will be 145 ths sqm, including 97 ths sqm of residential space. Etalon Group expects to obtain permits, start construction and launch sales at the project within a year. Completion of construction is scheduled for 2025.
As part of its development strategy, the Company plans to acquire several more projects in St Petersburg and the Moscow metropolitan area by the end of 2021. Earlier this year, Etalon Group raised more than USD 150 million through a secondary placement of securities. The proceeds from the placement are being used as one of the sources of funding for the Company's new acquisitions, including this project.
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.