The Soviet Ministry of Electronics establishes a Special Construction and Maintenance Directorate of “Soyuselectronstroy” (№364-ДСП dd. 01.06.1987) headed by Viacheslav Zarenkov..

The Special Construction and Maintenance Directorate of “Soyuselectronstroy” renamed LenSpetsSMU of “Soyuselectronstroy” (№158-ДСП dd. 11.03.1988).

LenSpetsSMU separates “Soyuselectronstroy” and reorganizes into the private cooperative enterprise (PCE), “LenSpetsSMU”.

PCE “LenSpetsSMU” is reorginized into CJSC LenSpetsSMU (Closed Joint Stock Company Specialized Construction and Assembly Association “LenSpetsSMU”).

LenSpetsSMU performs as general and subcontractor for different customers.

Beginning of credit history: first overdraft from North-West Sberbank obtained.

CJSC “Management company “Etalon” is established. LenSpetsSMU becomes adopts a vertically-integrated model.

LenSpetsSMU commissions the 1st phase of the “Sea Facade” project exceeding the mark of 0.5 mn sq m of delivered housing since its foundation.

CJSC SSMO “LenSpetsSMU” starts the publishing of separate and consolidated financial statements in line with IFRS.

The first domestic bond issue placed (CJSC “CDR” series 01 – 1.0bn RUB with 5 years maturity). Thus, the credit history exceeded 100 mn USD.

LenSpetsSMU commissions the“Novaya Grazhdanka” project exceeding the mark of 1.0 mn sq m of delivered housing since foundation.

LenSpetsSMU becomes the first and only real estate company in Russia to receive a rating from Standard & Poor’s (‘B’ with stable outlook).

The second domestic bond issue placed (CJSC “CDR” series 02 – 1.5bn RUB with 3.5 years maturity).

A 49mn RUB contract signed for the construction and finishing works for a hotel on Vasilyevskiy Island in St. Petersburg.

First mortgage programme is established in partnership with ROSBANK.

LenSpetsSMU doubles the total area of project portfolio compared to 2006 – up to 1.8mn sq m

The first eurobond issue (CLN) placed (100mn USD with 5 years maturity).

LenSpetsSMU commissions the 3rd phase of “Golden Bay” project exceeding the mark of 1.5mn sq m of delivered housing since foundation.

Baring Vostok becomes a cornerstone investor in Etalon Group, taking on a 15% stake.

LenSpetsSMU commissions the outstanding for North-West of Russia volume of 413 000 sq m

LenSpetsSMU is included on the Bank of Russia List of Organizations (list of companies whose bills and indebtedness could be accepted by the Central Bank of Russia as security for credit given to commercial banks).

A new credit line for 15mn USD is obtained through VTB bank, taking the credit history past 500mn USD

The total area of project portfolio reaches 2.4mn sq m

LenSpetsSMU commissions its “Invigorating Stream” project exceeding the mark of 2.0mn sq m of delivered housing since foundation.

In the middle of the global crisis, Standard & Poor’s confirms the rating of LenSpetsSMU four times during the year (‘B’ with stable outlook).

LenSpetsSMU becomes the first real estate company in Russia to go public since the beginning of the global crisis – the third domestic bond issue is placed (CJSC SSMO “LenSpetsSMU” series 01 – 2,0bn RUB with 3 years maturity).

Another industrial construction project is completed – LenSpetsSMU commissions Volkovskaya, a modern substation in St. Petersburg.

The fourth domestic bond issue placed (CJSC SSMO “LenSpetsSMU” series БО-02 – 2.0bn RUB with 3 years maturity).

LenSpetsSMU and Alfa-Bank effect the first Russian deal for 39mn EUR on import and export, financing the construction of building 2 of Jubilee Quarter 78А, a multi-family residential building.

The second eurobond issue (LPN) placed (150mn USD with 5 years maturity). The credit history exceeds 1.0 bn USD.

CJSC SSMO LenSpetsSMU’s bonds series 01 and БО-02 are included in section V.2 of the Bank of Russia Lombard List.

LenSpetsSMU commissions the 1st building of “Jubilee Quarter 75A” project surpassing 2.5 mn sq m of delivered housing since foundation.

Etalon Group successfully completes an IPO on the London Stock Exchange’s main market, raising 575m USD.

LenSpetsSMU signs an agreement for 14bn RUB to construct an International convention and exhibition center in St. Petersburg.

LenSpetsSMU and Bank of Saint-Petersburg effect another deal for 23mn EUR on import and export financing the construction of building 3 of its Orbit project, a multi-family residential building.