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Romania
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Fortenova sells agri unit to Podravka for 333 mln euro
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Romanian Elite Grup, Italian Mao Imobiliare To Invest 120 Mln Euro in Residential Project

Sep 15, 2008, 4:26:55 PMArticle by Nikolay Yotov
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September 15 (SeeNews) - Romanian real estate developer Elite Grup and Italian peer Mao Imobiliare will invest 120 million euro ($172.7 million) in a residential project in northwestern Romania, an adviser to the project said on Monday.

Romanian Elite Grup, Italian Mao Imobiliare To Invest 120 Mln Euro in Residential Project

Bonjour Residence, currently under construction in the city of Cluj-Napoca, will have a total built up area of 150,000 square metres on a six-hectare site, Nobila Casa real estate consultant said in a statement.

The project, comprising 1,200 apartments, and including parking lots and green space, is set for completion in 2011.

($ = 0.6949 euro)

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Romania Economy Report Q4 2023
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