The Soviet Ministry of Electronics forms Leningrad Special Construction and Maintenance Directorate (“LSCMD”). Headed by Etalon Group’s founding shareholder Viacheslav Zarenkov, LSCMD is a special unit within the Ministry primarily engaged in providing construction and maintenance services in the North-West region of Russia.
1991
The state-owned LSCMD is reorganised into a cooperative privately owned enterprise, LenSpetsSMU.
1995
LenSpetsSMU is reorganised into CJCS LenSpetsSMU.
1996
The first major real estate development project is commissioned as a private entity.
1996
The company begins expanding its operations through strategic acquisitions and establishing new subsidiaries.
1996
SMU Electronstroy is acquired. The company is primarily engaged in production of ready-mix concrete, reinforced concrete structures and aerated concrete.
1997
SSMU-Reconstruktisiya, a construction subsidiary, is established.
1998
MFTC, one of the four key real estate development subsidiaries, is acquired.
1998
Investments in construction materials production business are made to supply the needs of the company’s growing development process. Brick production facilities are acquired in the Leningrad region.
2001
The company begins to take significant steps towards implementing a vertically integrated structure.
2001
ZSM Etalon is integrated into the group structure to consolidate brick production facilities.
2001
Management Company Etalon is established to optimise the management structure of the company’s operations.
2002
TSUN, a primary real estate broker, is established.
2003
Aktiv, an entity engaged in leasing construction equipment and machinery to the Group companies and third parties, is established.
2004
EtalonProekt, an in-house architecture and design centre, is established.
2005
EtalonPromstroy, an industrial construction subsidiary, is established.
2005
First mortgage programme is established in partnership with Rosbank.
2006
Etalon Group expands into the Moscow Metropolitan Area by establishing Etalon-Invest, a real estate development company in the area.
2008
Baring Vostok becomes a cornerstone investor in Etalon Group by acquiring a 15% stake in the company and providing expansion capital.
2008
SPM Zhilstroy is acquired. The company acts as a general contractor for Emerald Hills, Etalon Group’s flagship project in the Moscow region.
2009
Etalon Group acquires a 70% percent stake in LLC Severnaya Vysota I K (currently, UM Etalon), a company engaged in the construction of tower cranes under finance lease contracts, thereby increasing its stake from 30% to 100%.
2010
Etalon Group commences Etalon-City, the second project in the Moscow Metropolitan Area.
2011
Etalon Group successfully completed an IPO on the London Stock Exchange’s main market in April 2011, raising $575 million and becoming the first real estate company from Russia to go public since 2007.