ETALON GROUP PLC (“Etalon Group” or the “Company”), one of Russia’s largest and longest-established development and construction companies, announces the acquisition of a land plot in the Petrogradskiy district of St Petersburg for the construction of a premium-class residential complex. The project’s planned NSA will be 63 ths sqm.
The site is located near the Pesochnaya embankment and within walking distance of the Vyazemskiy and Lopukhinskiy gardens. The project is in close proximity to St Petersburg’s most prestigious districts, Krestovskiy and Kamenniy islands, as well as a variety of recreational areas, commercial and sports facilities. The future residential complex will have convenient exits onto Kamennoostrovskiy Prospekt, one of St Petersburg’s main thoroughfares. It will be possible to reach the Western High-Speed Diameter motorway and the Spit of Vasilievskiy Island in about 10 minutes by car.
Etalon Group plans to launch sales for the project in 2023 and to complete the construction of the residential complex by 2026.
Earlier this year, the Company purchased a land plot in the Pushkinskiy district of St Petersburg. Year-to-date, the Company has acquired new projects with a total area of 209 ths sqm. As part of the implementation of its business development strategy, Etalon Group plans to add several more projects to its portfolio in St Petersburg and the Moscow region before the end of 2021. Funds from the Company’s secondary placement of securities carried out in May of this year will provide one of the sources of financing for the new acquisitions.
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.