The first project is a €6 million housing development in Jurmala.
Isal Amlat Investment Ltd. (TASE:ISAL) subsidiary Kamin Real Estate Ltd. and a local partner have set up a joint venture in Latvia, owned in equal shares, to develop real estate projects in Latvia. The initial joint investment in the company is €12 million
The joint venture’s first has already bought two lots, one for €1.4 million and a second is a 242.5-acre lot in Jurmala, Latvia, zoned for a residential project, for €6 million.
Published by Globes [online], Israel business news - www.globes.co.il - on August 1, 2007
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