MoUD - Old Yerevan Complex Redevelopment - Armenia - Project Profile

Synopsis
"MoUD - Old Yerevan Complex Redevelopment - Armenia - Project Profile" contains information on the scope of the project including project overview and location. The profile also details project ownership and funding, gives a full project description, as well as information on contracts, tendering and key project contacts.

The "MoUD - Old Yerevan Complex Redevelopment - Armenia - Project Profile" is part of Timetric's database of 82,000+ construction projects. Our database includes a 10+ year archive of completed projects, full coverage of all global projects with a value greater than $25 million and key contact details for project managers, owners, consultants, contractors and bidders.
Scope
The project involves the construction of a mixed-use complex on 2.2ha of land in Yerevan, Armenia.

The US$130 million project includes the following:

1. Construction of two- and three-story houses

2. Construction of cafes

3. Construction of restaurants

4. Construction of shops

5. Construction of showrooms

6. Construction of art galleries

7. Construction of museums

8. Construction of a hotel

9. Construction of parking facilities

10. Construction of related facilities
Summary
Ministry of Urban Development (MoUD) is undertaking the construction of a mixed-use complex in Kentron district, Yerevan, Armenia.

The project involved the construction of a mixed-use complex on 2.2ha of land. It includes construction of two- and three-story houses, cafes, restaurants, shops, showrooms, art galleries, museums, a hotel, parking and related facilities.

Glendale Hills CJSC has been appointed as contractor and Levon Vardanyan Architect Company as master planner.

In 2012, MoUD filed an application with Ministry of Culture (MoC) to demolish the old historical buildings for the proposed development.

In 2014, MoC approved the demolition proposal of the buildings appealed by MoUD.

In November 2014, Government of Armenia (GoA) held administrative meeting to discuss the investment required for the project.

On December 2, 2014, a development investment agreement is signed between the GoA on behalf of MoUD with Multicontinental Distribution LLC (MD) a subsidiary of Chrono Star International Participations Groupe Franck Muller S.A.

Demolition works are underway and redevelopment is expected to complete by 2020.
Reasons To Buy
• Gain insight into the project.

• Monitor the latest project developments.

• Identify key project contacts.
Key highlights