Elite Group Armenia Information

Elite Group CJSC is No.1 real estate developer in Yerevan, Armenia since 2000. Elite Group is a distinct leader in the Armenian real estate market with 15 completed and 1 ongoing project. Since 2000 the company has developed more than 300,000 sq.m. of sellable area, including 200,000 sq.m. of residential space only. Elite Group's projects can be categorized: 1) Residential Eminescu 4/1 (ongoing) Northern Ray 2 (ongoing) 40/13 Dzorapi str. (soon) 19/1 Sayat – Nova ave. (completed in 2015) 1 Demirtchyan str. (completed in 2014) 59 Baghramyan str. (completed in 2013) Elite Villa (Tsaghkhadzor) (completed in 2013) 74 Zaryan str. (completed in 2012) 40 Dzorapi str. (completed in 2011) 64 Arami str. (completed in 2011) 41 Mamikoniants str. (completed in 2010) 12 Komitas str. (completed in 2010) 29 Rostomi str. (completed in 2009) 12-14 Demirchyan str. (completed in 2007) Northern Ray 1 (completed in 2006) 27 Amiryan str. (completed in 2005) 21 Pushkin str. (completed in 2003) 2) Hotels and Resorts - Best Resort Aghveran Hotel (completed in 2010) - Jermuk Resort (expected in 2015) 3) Office Building - Elite Plaza Business Center (completed in 2012) Elite Group is the only company to have received a certificate of compliance to ISO 9001-2008 in Top Management of Upper Class Apartments Buildings’ Construction Business, Decorating Supervision and Design, Operation Service Providing and OHSAS 18001-2007 in Armenia. Furthermore, one of the company’s major accomplishments is the sound earthquake resistance systems provided in all of the properties developed. The Company has pioneered the installation of seismic insulators in high-rise buildings in Armenia. And last but not least, Elite Group is one of the first movers using financially advanced instruments in Armenia. The company had AMD 2bn corporate bond issuance with maturity of 2 years. The company has “C” rating granted by the Central Bank insured the complete placement of the bonds.