Business news from Ukraine

GEOS TO INVEST EUR 10 MLN IN BUILDING RESIDENTIAL COMPLEX IN BUDAPEST

12 April , 2016  

KYIV. April 12 (Interfax-Ukraine) – Kyiv-based GEOS construction company (Geos Construction LLC) seeks to realize a project on construction of a residential complex in the historic part of Budapest (Hungary) in 2018.

The company told Interfax-Ukraine that the cost of the project is EUR 10 million. The ERKEL Residences nine-storey complex will be built in Ferencvaros district of Budapest.

The company said that gross area of premises will be around 9,000 square meters, including over 5,000 square meters of residential area. It will have 71 apartments.

The apartments will be offers with internal decoration, furniture and household appliances.

A three-level underground parking area will be built.

The company said that the completion of construction is scheduled for Q2 2018.

GEOS plans in 2016 to implement the project of constructing an apartment building in the Roscoe Village district in Chicago (the United States). The house will be located on a land plot of about 290 square meters, while the area of the planned building will be 465 square meters.

Geos Construction LLC was founded in 2008. It builds residential and non-residential buildings and facilities.