ETALON GROUP PLC (“Etalon Group” or the “Company”), one of Russia’s largest and longest-established development and construction companies, announces that it has has obtained rights to develop a new project in Moscow’s North-Eastern Administrative Division. The future residential property is expected to provide 11 ths sqm of net sellable area (“NSA”), including 10 ths sqm of residential and commercial space.
The construction site is located close to the centre of Moscow, near the Maryina Roshcha metro station. The area features extensive infrastructure: a large number of shops are within walking distance from the site, as well as the Raikin Plaza shopping centre, medical facilities, schools and several secondary, vocational and higher education institutions. In their free time, future residents we be able to take walks in Festival Park and visit nearby cafes, fitness centres, a curling club and an equestrian club. The historical Catherine Park, the Olympic sports complex, the Russian Army Theatre, the Central Museum of the Armed Forces and a number of other attractions are all located within a radius of 2 kilometres. The site offers excellent transport accessibility thanks to exits onto three major thoroughfares: the Third Ring Road, Prospekt Mira and Butyrskaya Street, which becomes Dmitrovskoye Shosse.
Etalon Group plans to start construction on the residential complex in 2023 and complete the project in 2024.
The acquisition of this new project in Moscow 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, one site in Moscow and expanded into four Russian regions. In doing so, the Company added 3.6 mln sqm to its project portfolio and 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 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.