ETALON GROUP PLC (“Etalon Group” or the “Company”), one of Russia’s largest and longest-established development and construction companies, announces that the first building of the Company’s Rauta project, in Ekaterinburg, has successfully completed the preliminary stage of a pilot assessment for compliance with the GOST R 70346-2022 national green standard for apartment buildings. The standard was developed by Russia’s Construction Ministry together with the Dom.rf development institute and approved in September 2022. At the testing stage, the preliminary assessment of pilot projects’ compliance with the standard was carried out by Dom.rf.
The Rauta residential complex meets all the standard’s key criteria: it offers class A energy efficiency and a white box finish; water- and energy-saving systems have been installed; the temperature at the property is maintained at a comfortable level; the complex is accessible and barrier-free; and the project meets the requirements for responsible construction. The project also meets a sufficient number of the standard’s additional (optional) criteria for compliance purposes.
Etalon Group and Dom.rf signed an agreement on the joint implementation of a pilot project to certify the apartment building in accordance with the new green standard in June 2022. The pilot assessment phase of the project has now been completed. The launch of a system of voluntary certification in line with the green standard for apartment buildings in accordance with an approved road map is planned for 2023. Pilot projects that have completed an assessment will be the first to be certified.
Commenting on the completion of the pilot assessment of the Rauta residential complex according to the green standard, Etalon Group CEO Gennadiy Shcherbina said:
“For Etalon Group as a developer, it is noteworthy that the standard is applicable to a variety of projects, regardless of where they are located, and also that it takes into account the main features of green buildings. The GOST R standard is based on international experience, but, unlike similar international standards, it was developed in a dialogue with Russian property developers and is based on domestic construction standards. In addition, the standard includes a wide range of criteria, from accessibility to smart digital solutions. This approach simplifies the certification process for Russian developers and enables us to create a qualitatively different residential environment that, we believe, will be in demand among the current generation of homebuyers.”
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.