Etalon Group announces the start of sales at a new residential complex in Kazan. The project’s NSA is expected to be 45 ths sqm. The company expects to complete construction of the Schastye v Kazani project by the end of 2026.
The first phase of the new residential complex, called Schastye v Kazani, includes two buildings of different heights – 19 and 20 floors – with built-in commercial and office space as well as a two-level enclosed parking garage. According to the project plans, the NSA of the first phase will be 20 ths sqm, including 19 ths sqm of residential and commercial real estate. The available layouts are notable for their diversity and functionality: the project offers classic layouts alongside open-plan apartments with a combined kitchen and living room and apartments with walk-in closets, master bedrooms as well as saunas. The first phase will also include so-called transformer apartments.
The landscaping concept for the grounds surrounding the project was developed in collaboration with landscape designers and environmental experts. The company plans to build operational terraces and publicly accessible recreation areas atop the project’s stylobate; the adjacent grounds will feature recreation and sports facilities, playgrounds as well as an extensive walking area.
The residential complex is located in a developed green area with extensive social and commercial infrastructure: within walking distance are schools, shops and cafes, several shopping centres and sports facilities, including the Ak Bars Arena – one of the largest stadiums in Russia. The complex is located in close proximity to the picturesque Savinovo recreation park, on the banks of the Kazanka River. The project offers convenient transport access onto Prospekt Yamasheva, one of the most important thoroughfares in Kazan.
The project is part of the YIT Russia portfolio acquired by Etalon Group in an M&A deal completed in 2022. In total, the deal included 19 projects at the design and construction stages in Moscow and the Moscow region, St Petersburg, the Sverdlovsk region, Kazan and Tyumen, as well as exclusive rights to Dispatcher 24 software for managing apartment buildings, project design documentation and a library of standard design solutions for cast-in-place construction and buildings made of prefabricated panels, as well as service companies and a 50% stake in a joint venture with Brusnika, whose assets under management total 2.2 mln sqm.
With its acquisition of the YIT Russia portfolio, Etalon Group expanded its operations to eight regions, including St Petersburg, Moscow, the Moscow region, Omsk, Ekaterinburg, the Novosibirsk region, Tyumen and Kazan. The Schastye v Kazani residential complex is the company’s third regional project brought to market since the beginning of 2022, following the launch of sales at the Green River project in Omsk and at the Lyceum Quarter residential complex in the Solnechniy district of Ekaterinburg.