ETALON GROUP PLC (“Etalon Group” or the “Company”), one of Russia’s largest and longest-established residential real estate developers, announces the acquisition of a land plot in a new region of operations: the Leningrad region. The Company plans to implement a large-scale investment and construction project.
Etalon Group has completed the purchase of a land plot in Murino, Leningrad region, for the implementation of a major construction project. The site, covering more than 35 hectares, has been acquired together with an approved land-use plan and urban development plan, which will significantly shorten the project timeline. The project, oriented towards the more affordable market segment, will be executed in several phases. The part of the city where the land plot is located is highly promising for further development, as the new residential development is set to benefit from extensive social and transport infrastructure. Over 300,000 sqm of residential space is expected to be delivered under the project.
The terms of the acquisition stipulate payment in instalments over a two-year period following the signing of the purchase agreement.
Etalon Group is a full-cycle developer and will manage all stages of the new project, including design, construction, marketing and sales. The first phase of the project is scheduled to begin in the first half of 2025, with sales also set to commence during this period.
The new project will further diversify the Company’s portfolio and contribute to growth in sales, which were up by a factor of 2.3 in the first half of 2024.
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.