Africa Israel buys Budapest plot for EUR 105m

By A staff reporter 2007-04-23T00:00:00

Africa-Israel's European unit has signed a memorandum of understanding to buy a 81-acre plot of land in Budapest for EUR 105 mln. The company, controlled by billionaire Lev Leviev, is planning to build a 506,000 m[sup]2[/sup] multi-use project on the site, Africa Israel Properties stated.

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