Mitsubishi Electric systems to be integrated into Azatutyun Complex

Azatutyun Multifunctional Complex press release 

On May 27, Azatutyun Multifunctional Complex and Consel, the official representative of Mitsubishi Electric in Armenia, signed a memorandum of cooperation under which Mitsubishi Electric engineering systems will be integrated into the complex.

The Azatutyun premium multifunctional complex continues to expand its international partnerships as part of its strategy to create a high-standard residential environment in Yerevan.

Mitsubishi Electric is one of the global leaders in climate-control systems and is internationally recognized as a symbol of engineering excellence, innovation, and reliability. The brand’s solutions are implemented in premium residential and multifunctional developments across the world, where comfort, sustainability, and long-term efficiency are considered essential standards.

Guided by these same principles, Azatutyun selected Mitsubishi Electric as its engineering systems partner. Consel, the official representative of the brand in Armenia, is one of the country’s most experienced engineering companies, with nearly 25 years of expertise in the design, supply, and implementation of advanced engineering solutions, ensuring reliable and internationally compliant operation standards.

The memorandum marking the partnership was signed by David Atanessian, Founder and CEO of Azatutyun Multifunctional Complex, and Arman Papazyan, Founder and CEO of Consel.

“When creating the Azatutyun complex, we had a very clear objective: to establish a new benchmark for quality, architecture, and contemporary urban living in Armenia. From the very beginning, it was important for us that this would not become just another development project, but rather a project distinguished by both its quality and philosophy. That is why we approached the selection of every partner with great responsibility. Today, we are pleased to officially welcome Mitsubishi Electric and its official Armenian representative, Consel, among our partners,” noted David Atanessian.

According to Arman Papazyan, this partnership once again reflects the shared vision of Azatutyun and Consel to unite international expertise, contemporary architecture, and advanced technologies within one integrated environment.

“We are proud to take part in the realization of this important project. The choice of Mitsubishi Electric for the Azatutyun complex fully aligns with the project’s overall concept of creating a modern, intelligent, and long-term value-driven environment. At the same time, Consel’s years of experience and engineering capabilities allow these technological solutions to be implemented with precision, a systematic approach, and in accordance with international engineering standards,” stated Arman Papazyan during the event.

The event brought together representatives of the diplomatic corps, partners, investors, and leading industry professionals to mark a collaboration aimed at setting a new benchmark for premium residential development and engineering solutions in Armenia.

During the evening, guests were introduced to the Azatutyun premium multifunctional complex, including its residential, commercial, and leisure spaces, contemporary architectural solutions, and high-standard infrastructure. The project is being developed on Azatutyun Avenue, one of Yerevan’s most important urban arteries, where the city begins and continues.

The evening featured live performances by Midnight Avenue Jazz Band and a signature cocktail created especially for the occasion, creating a warm and distinctive atmosphere for guests.