Eco Buildings Group (LSE:ECOB) shares rose 3.7% to 14.0p after the company said it had completed the sub‑ground parking and ground‑floor structure of the first apartment block at Balfin’s Rolling Hills development. The company said each apartment block should generate about €2.2m of revenue, with profit margins expected to be in line with those previously reported.
The building comprises 18 residential dwellings averaging approximately 100 sqm each, and Eco Buildings says it has sufficient GFRG walls manufactured and in stock to complete the block.
Each apartment block is expected to generate approximately €2.2 million of revenue for the company, with profit margins anticipated to be in line with those previously reported, subject to programme delivery, client instructions and normal commercial conditions.
The UK‑listed industrialised housing solutions firm noted that the first block is the initial phase of a multi‑building programme at Rolling Hills and is planned to act as a precursor to a larger villa development on the site.
"This is another important milestone for Eco Buildings and further evidence that our model is delivering where it matters most: on live developments, for leading clients and with visible commercial progress," Dr Etrur Albani, Executive Vice Chairman, said.
The company says successful delivery at Rolling Hills will serve as a flagship reference site to support future opportunities in Albania and other target markets.
