B. Yair buys Budapest lot for €10.5m

Aura buys Bucharest lot for €5.3 million.

B.Yair Building Corporation 1988 Ltd. (TASE:BYAR) subsidiary SIDI Investments Kft has bought land in Budapest for €10.5 million. The lot is zoned for a 180,000-sq.m. residential, office and commercial complex.

B. Yair plans to finance construction of the complex with bank loans, after meeting the bank’s terms for equity.

Aura Investments Ltd. (TASE:AURA) has bought a lot, zoned for 600 apartments, in Bucharest for €5.3 million. The company expects NIS 300 million proceeds from the project. This is the company’s fifth project in Eastern Europe.

Published by Globes [online], Israel business news - www.globes.co.il - on March 25, 2007

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

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