YEREVAN, November 11. /ARKA/. On November 10, Armenian investment and brokerage company Cube Invest began placing $10 million and 2.5 billion drams in bonds to finance the construction of the Dalan Technopark in Yerevan, Mikael Margaryan, CEO and Chairman of the Board of Directors of Cube Invest, told ARKA news agency.
“This is an unprecedented event in the Armenian capital market, as this is a very large-scale and high-quality construction project. The total area of the technopark is 154,000 square meters,” Margaryan said. According to him, the yield is set at 8.75% for dollar bonds and 13.5% for dram bonds, with payments made semi-annually. The bonds mature in 36 months.
“The technology park intends to attract globally renowned companies such as Apple, Google, NVIDIA, and Amazon. Therefore, the business center is being built in accordance with their requirements and standards,” said Margaryan.
About Dalan Technology Park
Dalan Technology Park is a business ecosystem that will offer tenants the first modern workspace of its kind in the region, designed according to international LEED and BOMA standards. It will feature business lounges, conference rooms, shared workspaces, recreation areas, restaurants, event halls, cafes, and green spaces.
The total area of this largest technology complex is 154,000 square meters, of which 34,300 square meters will be allocated for office space. Investments of $80 million have already been made, and another $80 million is planned to be invested to complete the complex.
