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Elite Group Armenia

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

History
"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.

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.

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

Operations
As of 31 March 2014 the company was managing £17.8 billion of property assets, of which British Land owns £12.0 billion. More than half of the portfolio is invested in retail and leisure, comprising 15 shopping centres, 66 retail parks and 85 food superstores. 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. This includes the Broadgate Estate, one of the largest developments in London over several decades, and Regent's Place near Warren Street Station.

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.

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.

Main projects
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


 * 122 Leadenhall Street, due for completion in November 2014
 * 5 Broadgate
 * 4 Kingdom Street at Paddington
 * Norton Folgate and Blossom Street
 * Surrey Quays
 * Harmsworth Quays