Etalon Group Announces Plans to Start Sales at Flagship Premium-Class Project in St Petersburg

29 March 2024

ETALON GROUP PLC (“Etalon Group” or the “Company”), one of Russia’s largest and longest-established development and construction companies, announces that it will begin sales on 1 April 2024 at LDM, its new flagship premium-class residential complex in St Petersburg.

The project consists of seven buildings varying in height from three to nine stories, with a two-level underground parking garage. The project is expected to have NSA of 69 ths sqm, including 45.2 ths sqm of residential real estate. In addition to apartments with classical layouts, the project also offers so-called city villas, three-level apartments with private entrances and terraces. The project features an exclusive recreational space that includes a grand lobby, a cafe, areas for sports and recreation, as well as a children’s centre. The grounds of the project were developed based on a custom design that includes green space, playgrounds and recreation areas.

The LDM residential complex is being built in an extraordinary location in the centre of the city, in a picturesque and prestigious part of St Petersburg’s Petrogradskiy district, on the banks of Malaya Nevka. Thanks to the property’s embankment location, most of the apartments have excellent views, and its proximity to Krestovskiy and Kamenniy Islands ensures easy access to a large number of parks and public gardens. The location of the residential complex meets all the requirements of the premium segment – close proximity to the Malaya Nevka marina as well as the city’s best restaurants and top attractions – and the Petrogradskiy district itself has all the necessary infrastructure and amenities and is one of the city’s key business districts. Major thoroughfares and the Western High-Speed Diameter are easily accessible from the property.

Delivery of the residential complex is scheduled for 4Q 2027.

The launch of this exclusive new flagship project in St Petersburg will diversify Etalon Group’s offer in a region where it has been operating for many years while also supporting future sales.

This and other recent announcements are available on the Etalon Group website:

Contact Information

Etalon Group

IR Team
T: +44 (0) 20 8123 1328



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 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 9.0 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 nearly 6,000 people, and its nationwide sales network covers 35 regions across Russia.

Etalon Group’s assets comprise 32 projects at the design and construction stages in eight regions, unsold inventory at completed residential complexes and commercial properties, and land plots with total unsold NSA of 5.9 mln sqm, as well as a construction and maintenance division. According to Nikoliers, the value of Etalon Group assets as of 31 December 2023 was RUB 303 billion.

In 2023, Etalon Group's new contract sales totalled 547 ths sqm, or RUB 105.6 billion.

The Company's revenue in 2023 amounted to RUB 88.8 billion, with EBITDA of RUB 18.1 billion.

Etalon Group's GDRs are traded on Moscow Exchange (ticker ETLN), where they are included in the Level 1 quotation list.