LenSpetsSMU Group (member of Etalon Group) is one of Russias largest and oldest homebuilders which have been operating since 1987. The Group was initially formed in 1987 by the Soviet Ministry of Electronics as a Special Construction and Maintenance Directorate of Soyuselectronstroy. In 1991, the Directorate separated from the association and was reorganized into PCE LenSpetsSMU which became CJSC LenSpetsSMU (Closed Joint Stock Company Specialized Construction and Assembly Association LenSpetsSMU) in 1995.
A vertically-integrated developer, LenSpetsSMU Group is equipped to manage the full cycle of the development and construction process from obtaining the permissions and design works to construction, sales, and ongoing maintenance.
Etalon Group successfully completed an IPO on the London Stock Exchanges main market in April 2011, raising $575 million and becoming the first real estate company from Russia to go public since 2007.