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- Acquisition of land sites in suburban Bucharest planned for residential apartment development. Strategy includes:
- Planning and permitting of sites over a 12-18 month period
- Sale of a portion of the sites and retention of one or more sites for development and construction
- Completion of retained site(s) for residential apartment use in a subsequent period of 18-24 months from receipt of permits
- Exit of permitted sites to developers, exit of completed units to investors / future occupiers by unit or building
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