Property Development Company CJSC

completed

The proposed project will support an investment by Prodeco Property Development Company CJSC (“Prodeco”) for the construction of a ~23,000sqm Class A, 9 storey “energy efficient green office complex” in central Yerevan (the “Project”). The project will contribute a modern, green building to the existing business infrastructure of the country, providing an important model for future energy efficient construction projects in the country. The office complex will be constructed on a total land area of 2,850 sqm on V. Sargsyan street, where an existing old office building is located. This existing building is registered as a historical architecture of local significance under the list of Architectural Historical Monuments of Local and Republic Significance. The Project will demolish the existing building but will preserve the main façade of the existing building in the new construction. Prodeco conducted an international architecture design concept competition to select the design to best preserve the historical façade of the existing building in harmony with the new building to be built. The property developer, Prodeco, owned 100% by Ameria Group, was established in 2007 and specializes in real estate development.Prodeco estimates that at least 60 individual companies will benefit from the Project (including construction companies, sub-contractors, suppliers, vendors, and future tenants).