Global Trade Centre buys zł.66 million plot of land

The company plans to build  a housing estate aimed at the middle class. It estimates that the project will cost some euro 75 (z³.207) million and be completed in 2009 or 2010. The revenues from the sale of those apartments will be included in financial results of GTC for 2009 and 2010. It is the third project implemented by GTC in Budapest. Several months ago the company finished the construction of the River Loft project comprising apartments and offices and this year the it plans to offer apartments in its largest residential property development project in Hungary -the Sasad Resort. (Parkiet, pp. 1, 5; Puls Biznesu, p. 9; Dziennik, The Wall Street Journal supplement, p. 12) E.B.