ETALON GROUP PLC (“Etalon Group” or the “Company”), one of Russia’s largest development and construction companies in the Russian market, is expanding into the westernmost part of Russia, the Kaliningrad region.
In the resort village of Otradnoye, near Svetlogorsk, the Company plans to build a modern business-class residential complex, an educational facility that includes both an elementary school and a preschool, a five-star hotel with a spa and swimming pool, a comfortable guest house, a developed pathway to the Baltic Sea and a bus terminal. The project has been approved by the Kaliningrad region’s Gubernatorial Council for Improving the Investment Climate. The agreement for the large-scale investment project is expected to be signed as soon as the governor issues the corresponding decree.
The Group plans to develop, on a 23-hectare site, a comfortable, state-of-the-art space covering a total area of 209 ths sqm. The business-class residential complex will feature 2.1 thousand apartments with contemporary layouts to suit a variety of lifestyles. The complex will also include 1.8 ths sqm of commercial space for the convenience of residents.
Implementation of the project is scheduled to get under way in 2025 and to conclude in 2032. The first phase will involve the construction of 43.7 ths sqm of residential space, a guest house covering 28.6 ths sqm, as well as the pathway to the seaside and the bus terminal.
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.