Business
Update on 18-Unit Luxury Apartment Development
Eco Buildings Group PLC has provided an update on its luxury 18-unit apartment development in Tirana, Albania, confirming that groundworks are complete and the ground floor is under construction, with rapid progress anticipated. This project, contracted to generate €2.2 million in revenue per apartment block with anticipated 40% gross margins, has already received €440,000 in deposit payments. The company expects this to be the first of six similar blocks, preceding a larger villa development on the same site, utilizing their efficient GFRG material manufactured nearby. Disclaimer*
About this update from Eco Buildings Group Plc
[{"type":"text","content":"\n\nCertain information contained within this Announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014 (\"MAR\") as applied in the United Kingdom. Upon publication of this Announcement, this information is now considered to be in the public domain.\n27 January 2026\nEco Buildings Group PLC\n(\"Eco Buildings\" or the \"Company\")\nUpdate on luxury 18-unit Apartment Block in Albania\n \n• First phase of first apartment block in Tirane is progressing well, with ground floor under construction\n \n \nEco Buildings Group plc (the \"Company\") announces, further to its releases on 4 and 9 September 2025, that all groundworks have now been completed on the first luxury 18-unit apartment development (averaging approximately 100 sqm per apartment), with construction of the ground floor now underway. The Company expects to make rapid progress now that construction is underway.\n \nWe anticipate this is the first of six apartment blocks of the same size which in themselves are a precursor to a larger villa development at the same site in Albania.\n \nThis construction project is undertaken for a large development group in Albania\n \nThis project is located in the centre of Tirane and designed as a prestigious upmarket development. This project is contracted to generate revenues of €2.2 million for each apartment block, with anticipated gross margins of 40%. To date the Company has received deposit payments of €440,000\n \n \n\nYour browser does not support HTML5 video.\n \n \n Dr Etrur Albani, Executive Vice Chairman of Eco Buildings Group plc, commented:\n \n\"This contract forms part of the first phase of a leading development which further confirms the highly desirable qualities including very competitively priced and innovative technological advanced systems of production resulting in high quality and very fast delivery. This development located in the prestigious centre of Tirane reflects Eco's abilities to outperform in all areas. The ...