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Croatian-Israeli JV To Build 60 Mln Euro Residential Complex

Dec 4, 2008, 3:59:45 PMArticle by Kire Nedelkovski
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December 4 (SeeNews) - A joint venture between Croatian building company Porr Hrvatska and Israeli real estate developer Atia Group will invest 60 million euro ($76 million) to build a residental complex in Croatia, Atia group said on Thursday.

Croatian-Israeli JV To Build 60 Mln Euro Residential Complex

The Sambor Garden complex will be built on eight hectares in the city of Sambor, near the Croatian capital Zagreb, Atia Group said in a statement.

The complex will have 320 houses and construction should start in the autumn of 2009.

Atia Group is an international real estate development company having its primary assets in Croatia and the United States.

PORR Hrvatska is a construction company, part of the Austrian concern PORR Group.

($ = 0.7898 euro)

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