ETALON GROUP PLC (“Etalon Group” or the “Company”), one of Russia’s largest and longest-established development and construction companies, announces that it has acquired a project in Moscow’s North-Eastern Administrative Division. The future residential complex is expected to provide 69 ths sqm of net sellable area (“NSA”), including 31 ths sqm of commercial space and 28 ths sqm of residential space.
The land plot is located in the Butyrskiy district, near existing residential areas that offer all the social, medical and recreational amenities necessary. An ice rink, Goncharovskiy Park and Yabloneviy Garden are also within walking distance. The Butyrskaya metro station is several minutes away on foot. Transport accessibility is provided by exits onto Dmitrovskoye Shosse, Argunovskaya Street and Sushchovskiy Val.
Etalon Group plans to launch sales at the project in 2023 and to complete construction in 2026.
The acquisition of a 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, two sites in Moscow and expanded into four Russian regions. In doing so, the Company has added 3.7 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.