ETALON GROUP PLC (“Etalon Group” or the “Company”), one of Russia’s largest development and construction companies, announces the acquisition of a site for residential development in the Pushkinskiy district of St Petersburg. The estimated NSA of the future property is 38 ths sqm, including 32 ths sqm of residential real estate.
The construction site is located in an established area with extensive infrastructure, including schools and preschools, healthcare facilities, shops and cafes. Shopping centres, green areas – Pulkovskiy Park, Dubovaya Roshcha Park and the Raisa Shtreys Public Garden – are all within 3 km of the site. The property offers convenient exits onto the Ring Road, and Pulkovo Airport is 30 minutes away by car.
Etalon Group plans to launch sales in the new residential complex in 2022 and to complete the project by the end of 2025.
The acquisition of the new project in St Petersburg is in line with Etalon Group’s development strategy approved at the end of 2020 as well as its land bank replenishment programme. Since the launch of the programme in 2021, the Company has acquired four sites in St Petersburg and expanded into four Russian regions. In doing so, the Company has added 3.6 mln sqm to its project portfolio. As it continues to implement its development strategy, Etalon Group plans to acquire several more sites in St Petersburg, Moscow and other regions by the end of 2022.
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.