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Company Soars 69% on Stock Market After Winning Contract to Build 20,000 Social Housing Units in Chile

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Eco Buildings Group PLC shares surged 69% on the London Stock Exchange after the modular (prefabricated) housing builder announced it signed an agreement with the Government of Chile to build social housing.

The seven-year contract stipulates that Eco Buildings "will manufacture and supply 20,000 homes," which is expected to generate total revenues of 420 million euros for the company.

According to the company, the first 607 homes have already been allocated to beneficiary families, as detailed in the British media Shares Magazine.

These are expected to be delivered throughout 2026, and by the seventh year of the contract, the company anticipates reaching a delivery rate of up to 5,000 homes per year.

Expansion and Regional Positioning

To fulfill the agreement, London-based Eco Buildings announced it will install a new manufacturing line in Chile.

The startup of that factory is scheduled for the second quarter of fiscal year 2026.

The company highlighted that it has completed a "rigorous process" of housing approvals in Chile since July 2023, obtaining the necessary certifications and regulations.

Eco Buildings believes this project positions it "as a long-term strategic partner to help Chile address its housing deficit, in line with the government's plan to build 250,000 homes nationwide."

According to Shares Magazine, Eco Buildings' Executive Vice President, Etrur Albani, commented that Chile "offers a solid regulatory framework and a strategic gateway to the region."

Albani emphasized the company's commitment to sustainability and affordability, stating that its technology "can help governments accelerate housing delivery in Latin America in a cost-effective and environmentally responsible manner."

Source:BiobioChile