ETALON GROUP PLC (“Etalon Group” or the “Company”), one of Russia’s largest and longest-established development and construction companies, announces that it has launched sales for the first phase of its new residential complex in the city of Omsk. This phase of the project is expected to have an NSA of 145 ths sqm.
The Green River residential complex will be built on a 164-hectare site on the left bank of the Irtysh River, in the Kirovskiy district of the city of Omsk. The project’s NSA is expected to reach 1.4 mln sqm, including 1.0 mln sqm of residential and commercial real estate. The first phase will comprise 14 residential buildings of varying heights, a preschool, integrated commercial space and parking lots.
The project was developed in line with the “city within a city” concept. The residential complex offers a large selection of apartments of different sizes and with a variety of layouts: from classic to European-style. Particular attention will be paid to upgrading the grounds of the property: a wide promenade passing through varying terrain will join the estate’s open public spaces, such as playgrounds and sports facilities, recreation areas and landscaped squares.
The Company expects to complete the project by the end of 2030.
Commenting on the Company’s plans to carry out a new project in Omsk, Etalon Group CEO Gennadiy Shcherbina said:
“We are delighted to announce the launch of our first large-scale project outside our core regions of Moscow and St Petersburg – the Green River residential complex in Omsk. Thanks to the professional work of our regional team, we managed to secure the necessary permits and launch sales within a short time. Our first regional project will serve as a starting point for Etalon Group’s successful regional expansion. In addition to Omsk, we plan to actively develop projects in Novosibirsk, Tyumen and Ekaterinburg as well as to expand into other cities, thereby supporting business growth and creating a modern, high-quality living environment in our new regions of operations.”
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.