Premium KONE elevator systems to be installed at Azatutyun Premium Complex as parties sign memorandum of cooperation

The Azatutyun Premium-Class Multifunctional Complex continues to expand its international partnerships by engaging world-leading companies in the development of the project.

The Azatutyun Complex and Yuglift, the official representative of KONE, have signed a Memorandum of Cooperation on the integration of KONE’s modern elevator systems into the complex.

The Memorandum of Cooperation, announcing the partnership, was signed by David Atanessian, Founder and CEO of the Azatutyun Complex, and Harutyun Amirjanov, Chief Executive Officer of Yuglift.

The Finnish company KONE is one of the world’s leading manufacturers of elevators and escalators, with more than a century of experience. The company is renowned for its innovative technologies, high safety standards, and solutions aimed at creating sustainable urban environments. KONE’s systems are installed in numerous premium-class residential, commercial, and multifunctional developments around the world, ensuring the safe, efficient, and comfortable movement of people. Guided by these principles, the Azatutyun Complex chose the KONE brand for its elevator systems. The concept behind the project envisions not only premium-class architecture, but also attention to every detail, from engineering solutions to the everyday comfort of its residents.

David Atanessian, Founder and CEO of the Azatutyun Complex, said:

“It is important to us that Azatutyun becomes a project where international best practices and the Armenian reality come together around a single, unified vision. When selecting each of our partners, we are guided not only by the company’s global reputation, but also by the value it can bring to our project. KONE’s new generation technologies fully align with our approach of creating a safe, comfortable, and modern environment that will serve its residents for many years to come.”

Harutyun Amirjanov, Chief Executive Officer of Yuglift, the official representative of KONE in Armenia, added:

“We are pleased to begin this partnership as part of a project such as the Azatutyun Complex. For more than two decades, as KONE’s official representative in Armenia, we have been offering our clients world-class elevator solutions by combining innovative technologies, high safety standards, and professional expertise. We are confident that KONE’s systems will fully meet the high standards of the Azatutyun Complex and become one of the key components ensuring safe, comfortable, and seamless movement for its residents.”

The event brought together partners, investors, industry representatives, and supporters of the project to mark a partnership that represents another step forward for Armenia’s premium-class residential development sector.

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Azatutyun is a premium-class multifunctional complex that sets new standards for the urban environment, architecture, and modern living.

The complex has been designed using advanced engineering, contemporary architectural, and innovative construction approaches, with a high seismic resistance rating of 9+. The construction incorporates the latest generation of energy-efficient building materials. The ventilated façade system is clad with non-combustible composite panels, ensuring a high level of fire safety.

Strategically located as the northern gateway of Yerevan, the complex occupies one of the capital’s key transport hubs, providing convenient access to the city’s main roads and intersections, with quick connectivity to both Yerevan’s city centre and its other administrative districts.

The complex comprises 18 floors, with the first four floors dedicated to commercial spaces. Amenities include a concierge service, 24/7 security, 3,600 sq m of landscaped green areas and an Art Zone, as well as a supermarket, pharmacy, cafés, food outlets, a fitness centre, and a spa.

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KONE is one of the world’s leading providers of elevators, escalators, and smart building mobility solutions. Founded in Finland in 1910, the company operates in more than 70 countries and maintains approximately 1.7 million elevators, escalators, and automatic door systems worldwide. KONE is renowned for its innovative, safe, and energy-efficient solutions, which are used in residential, office, hospitality, healthcare, and multifunctional developments, contributing to the sustainable development of urban environments and the comfortable movement of people.

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Yuglift LLC has been the official representative of the KONE brand in Armenia since 2006. The company specializes in the supply, installation, modernization, and maintenance of elevators, escalators, and moving walkways, delivering engineering solutions that meet international standards.

Over the years, Yuglift has completed numerous projects across Armenia, partnering with developers of residential, commercial, hospitality, and public buildings while maintaining the highest standards of quality, safety, and long-term reliability.