Aura and partner in NIS 105m Bucharest project

The companies plan to build 200 apartments in the city’s Militari district.

Aura Investments Ltd. (TASE:AURA) and the Baron Adam group have bought a 3.5-acre site in the Militari district in Bucharest for €2.4 million (NIS 15 million). The companies plan to build a 200-unit residential project on the site, from which they expect sales proceeds of NIS 105 million.

Aura owns 75% of the joint venture and Baron Adam 25%.

Aura is currently building 1,850 apartments in several projects in Romania and Hungary, and recently announced plans to expand its business in Kazakhstan.

Published by Globes [online], Israel business news - - on May 27, 2007

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

Twitter Facebook Linkedin RSS Newsletters גלובס Israel Business Conference 2018