ETALON GROUP PLC (“Etalon Group” or the “Company”), one of Russia’s largest and longest-established development and construction companies, announces the completion of the construction of the last phase of the Normandy residential complex in Moscow. This phase of the project has 35.6 ths sqm of NSA, including 26.8 ths sqm of residential space.
With the delivery of the second phase, Etalon Group has completed construction of the Normandy residential complex. The project includes five residential buildings of varying heights – the highest of which is 24 storeys – underground parking and commercial facilities. With a total NSA of 124 ths sqm, the Normandy residential complex is in high demand: at the time of delivery, 94% of the apartments in the complex have been sold.
The project is conveniently located in a green area in the north-east of Moscow, near Losiny Ostrov Park. A low building density, well-developed infrastructure and an abundance of parks make this area of the capital attractive for living and recreation. Several large recreational areas are within walking distance: Yauza River Park, Torfyanka Park and Dzhamgarovskiy Park with its cascade of ponds. The project is located within walking distance from the Medvedkovo and Babushkinskaya metro stations, and it also offers convenient access to the Moscow Ring Road and other key thoroughfares in the capital.
Including Normandy, Etalon Group has delivered a total of 220 ths sqm since the beginning of the year.
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.