Update on 18-Unit Luxury Apartment Development

Eco Buildings

27/01/2026 07:00

RNS Number : 4391Q

Eco Buildings Group PLC

27 January 2026

 

Certain 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.

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

 

 

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 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
Dr Etrur Albani, Executive Vice Chairman
Fiona Hadfield, Finance Director
Tel: +44 (0) 207 380 0999
Spark Advisory Partners Limited (Nominated Adviser)
Matt Davis / James Keeshan
Tel: +44 (0) 203 368 3550
Tavira Securities Limited (joint Broker)
Oliver Stansfield / Jonathan Evans
Tel: +44 (0) 203 192 1739

   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

 

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