The lot is zoned for 450 apartments.
Profit Construction Industries Ltd. (TASE: PROB) has bought a 12,500-sq.m. lot in Bucharest for €1.5 million. The lot is zoned for 450 apartments with a total space of 37,000-sq.m. The company financed the purchase from its own resources.
The company that it could estimate how much would be needed to build the project.
Profit Construction develops properties in Israel, Poland, Hungary, Romania, Switzerland and the UK.
Published by Globes [online], Israel business news - www.globes.co.il - on June 5, 2007
© Copyright of Globes Publisher Itonut (1983) Ltd. 2007