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Elite Group Armenia


Elite Group Armenia, Inc.
Company typePrivately held company
IndustryReal estate
Founded2000
HeadquartersYerevan, Armenia Elite Plaza Business Center, 15&16 floors, 15 Movses Khorenatsi St, Yerevan 0010, Armenia
Key people
Armen S. Mkoyan (Founding President)
Arman Danielyan (Executive Director)
Marine Stepanyan (Chief Financial Officer)
ProductsElite residential buildings in Yerevan, A-class offices in Yerevan, hotels and resorts in Aghveran and Jermuk
Revenue£384 million (2014)[1]
Number of employees
120[1]
Websiteelitegroup.am[1]

Elite Group CJSC is one of the largest property development and investment companies in Armenia. It is headquartered in Yerevan.

History

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"Elite Group" CJSC was initially founded as "Elite Project Shin" LTD in September of 2000. The company's founders and shareholders are Armen Mkoyan, Amatuni Tonoyan and Haykaz Bakhshetsyan. In 2005 the company was renamed in “Elite Group Armenia” CJSC as a result of rebranding [2].



In May 2005 British Land announced that it had agreed to purchase Pillar Property Plc for £811 million in cash to boost its position in the out-of-town retail property sector.[3]

In 2006 Sir John Ritblat, who had chaired the company since 1970, stood down and was replaced by Chris Gibson-Smith.[4]

Operations

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As of 31 March 2014 the company was managing £17.8 billion of property assets, of which British Land owns £12.0 billion.[1] More than half of the portfolio is invested in retail and leisure, comprising 15 shopping centres, 66 retail parks and 85 food superstores.[1] This includes the Meadowhall shopping centre in Sheffield, which is one of the largest in the UK, and a large amount of property which has been purchased from and leased back to major retailers such as Tesco, Sainsbury's, House of Fraser and Asda. The other major group of assets is office property and residential, most of which is in central London, with 7.3 million sq ft of floor space in 3 campuses, 54 standalone office buildings and 8 office and residential developments.[1] This includes the Broadgate Estate, one of the largest developments in London over several decades,[5] and Regent's Place near Warren Street Station.[6]

In 2004 it received planning permission for a Richard Rogers designed skyscraper at 122 Leadenhall Street (The Cheese Grater) in the City of London which will become one of the tallest buildings in Western Europe. Construction of the tower began in October 2007 and completion is expected in 2014.[7]

In October 2011, the company placed in the number one position, with 135 subsidiaries, on a list of FTSE 100 companies that use tax havens for their operations, as revealed in a database of their subsidiaries compiled for the first time by the development charity ActionAid.[8]

Main projects

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Commercial

  • Elite Plaza Business Center, 15 Khorenatsi Street

Residential

  • Sayat-Nova 19 Street (Premium Elite Class)
  • Dzorap 2 Street (Business Elite Class)
  • 1 Demirtchian Street (Premium Elite Class)
  • Nairi Zaryan 74 Street (Business Elite Class)
  • Baghramyan 59 Street (Premium Elite Class)
  • 41 Mamikoniants Street (Comfort Elite Class)
  • Elite Villa, private villas in Tsaghkadzor
  • 40 Dzorapi Street (Business Elite Class)
  • 29 Rostom Street (Business Elite Class)
  • 64 Aram Street (Premium Elite Class)
  • 27 Amiryan Street (Premium Elite Class)
  • 12-14 Demirtchian Street (Premium Elite Class)
  • 12 Komitas Street (Comfort Elite Class)
  • 21 Pushkin Street (Business Elite Class)

Hotels & Resort

  • Best Western Aghveran Hotel
  • Jermuk Resort

See also

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References

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  1. ^ a b c d e f Report 2014
  2. ^ "Elite Group Armenia About Us History". Retrieved 28 March 2015.
  3. ^ "British Land launches Pillar bid". BBC. 23 May 2005. Retrieved 24 March 2012.
  4. ^ "Gibson-Smith to helm British Land". London: The Telegraph. 14 July 2006. Retrieved 24 March 2012.
  5. ^ Wearden, Graeme (18 September 2009). "British Land to sell half of Broadgate stake to Blackstone". The Guardian. London. Retrieved 24 March 2012.
  6. ^ "British Land - creating a masterplan for one of London's most deprived areas". The Guardian. 26 May 2011. Retrieved 24 March 2012.
  7. ^ "British Land pre-lets 10 floors of office space to Aon in the Cheese Grater building". SOS News. 16 May 2011. Retrieved 24 March 2012.
  8. ^ Lawrence, Felicity (11 October 2011). "Third of votes cast against British Land pay report". London: The Guardian. Retrieved 11 October 2011.
  9. ^ "5 Broadgate Under Construction". Retrieved 2 October 2014.
  10. ^ "Paddington's Kingdom Street scheme to be expanded". 14 May 2014. Retrieved 2 October 2014.
  11. ^ "New London Development-Blossom Street, E1". Retrieved 2 October 2014.
  12. ^ "British Land kicks off its £1bn spending spree with Surrey Quays stake". 4 April 2013. Retrieved 2 October 2014.
  13. ^ "British Land Reaches Key Milestone in the Redevelopment of Harmsworth Quays". 4 April 2013. Retrieved 2 October 2014.
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{{Real estate in Armenia}}

Category:Buildings and structures in Yerevan Category:Companies of Armenia Category:High-tech architecture Category:Expressionist architecture Category:Futurist architecture Category:Postmodern architecture Category:Property companies of Armenia

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