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RGP Advises Etalon Group on Ekaterinburg Investment

RGP Advises Etalon Group on Ekaterinburg Investment

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Rybalkin, Gortsunyan & Partners has advised the Etalon Group on its acquisition of an Ekaterinburg site for a 1.5 million square-meter residential development project.

According to the firm, "as part of its acquisitions program, the Etalon Group has expanded its portfolio by acquiring a site for a development with a net sellable area of 1.5 million square meters."

Founded in 1987, the Etalon Group is a Russian development and construction company focusing on residential real estate in the Moscow and St. Petersburg metropolitan areas. Etalon Group’s total assets comprise 20 projects under development.

"In order to achieve double-digit growth in operating metrics, we plan to further expand our presence both in Etalon Group’s traditional regions and in new markets," Etalon Group CEO Gennadiy Shcherbina commented. "It was not by chance that we chose Ekaterinburg for our latest project. This is one of the largest cities in the Urals and an important industrial, scientific and cultural center."

Rybalkin, Gortsunyan & Partners previously advised the Etalon Group on the acquisition of shares in QB Technology (as reported by CEE Legal Matters on August 27, 2021).

The RGP team was led by Managing Partner Suren Gortsunyan and included Senior Advisor Anthony Walker and Associate Danil Karimov.

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