Nanette in €130m Croatian residential project

This is the company’s second project in Zagreb.

Nanette Real Estate Group NV (AIM:NAT; TASE:NANT.B1) has finalized the purchase of a 45,000-square meter lot in the affluent Zagreb, Croatia suburb of Laniste.

Nanette plans to build 90,000- square meter residential project with 1,300 apartments on the site at a cost of €98 million. The company projects €130 million in sales. This is the company’s second project in Zagreb.

Nanette’s controlling shareholders are Olimpia Real Estate Holdings Ltd. (TASE: OLMP) and Meshulam Levinstein Contracting and Engineering Ltd. (TASE:LEVI)

Published by Globes [online], Israel business news - www.globes.co.il - on October 17, 2007

© Copyright of Globes Publisher Itonut (1983) Ltd. 2007

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