REG - Eco Buildings Group - Update on 18-Unit Luxury Apartment Development

Eco BuildingsAnnouncement

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RNS Number : 4391Q  Eco Buildings Group PLC  27 January 2026

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27 January 2026

Eco Buildings Group PLC

("Eco Buildings" or the "Company")

Update on luxury 18-unit Apartment Block in Albania

 

•              First phase of first apartment block in Tirane
is progressing well, with ground floor under construction

 

 

Eco 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.

 

We 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.

 

This construction project is undertaken for a large development group in
Albania

 

This 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

 

 

 

 

 Dr Etrur Albani, Executive Vice Chairman of Eco Buildings Group plc,
commented:

 

"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 GFRG (glass fibre reinforced gypsum) material at the core of its
technology is manufactured very efficiently in its fully operational facility
in Durres some 45 minutes away from Tirane itself. This proves Eco's strategy
of locating manufacturing lines close to the project sites being most
efficient in terms of timing, cost of shipping and a very short supply chain
thereby improving the speed of construction.

 

 

For more information contact:

 Eco Buildings Group plc                              Tel: +44 (0) 207 380 0999

 Dr Etrur Albani,  Executive Vice Chairman

 Fiona Hadfield, Finance Director
 Spark Advisory Partners Limited (Nominated Adviser)

 Matt Davis / James Keeshan                           Tel:  +44 (0) 203 368 3550
 Tavira Securities Limited (joint Broker)             Tel:  +44 (0) 203 192 1739

 Oliver Stansfield / Jonathan Evans

   CMC Capital Markets (joint Broker)
Tel: +44 (0) 203 003 8254

About Eco Buildings Group plc

Eco Buildings Group plc is a UK-listed innovator in prefabricated,
green-housing technology. Its modular systems, based

on proprietary GFRG wall panels, serve both affordable and high-end markets,
combining cost efficiency, rapid

deployment and sustainability. The Group is expanding globally with
established partnerships and projects across Europe,

Africa and Latin America.

Further information is available on Eco Buildings
website: www.eco-buildings.net (http://www.eco-buildings.net/)

 

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