ETALON GROUP PLC (“Etalon Group” or the “Company”), one of Russia’s largest and longest-established development and construction companies, announces it has acquired a 26-hectare land plot in the Novosibirsk region for a residential development project.
Novosibirsk is the largest city in the Siberian Federal District and the third-largest city in Russia in terms of population. It is one of the most important industrial, transport, business, scientific and cultural centres in the country, as well as a major transport hub. The city’s advanced processing and manufacturing facilities, machine- and instrument-making enterprises, and industrial and technology parks are major assets. Novosibirsk ranks second in a rating of Russian cities in terms of the development of public–private partnerships; it has a BB/Stable credit rating from Fitch Ratings.
The development site is located within the Novosibirsk metropolitan area, just 25 km from Novosibirsk. The area where the residential complex will be built has all the necessary infrastructure and is the leading research and manufacturing district in the region. More than a dozen research organisations and innovative companies engaged in development and production in the field of biotechnology are located here. The new residential complex will be adjacent to other residential quarters and a woodland. Akademgorodok and the Academpark business incubator are within 25 minutes' drive.
The estimated net sellable area of the future complex will be 280 ths sqm, including 260 ths sqm of residential space. Etalon Group expects to receive permits for the first stage of the project and to launch sales in 2H 2022. The project is planned to be completed in 4Q 2026.
The expansion of Etalon Group’s geographic footprint is in line with the Company’s development strategy that was approved in late 2020. Novosibirsk is the Company’s second new regional market, following Omsk.
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.