BGI is a former textile company reconstituted to invest in real estate.
Michal Margalit and Globes' correspondent
24 Feb 08
BGI Investments (1961) Ltd. (TASE: BGI) has signed an memorandum of understanding (MOU) to buy a 4.1-acre lot in the Cambodian capital of Phnom Penh for $22.5 million. The lot is zoned for a mixed-use office, commercial, and residential project.
BGI will conduct due diligence over the next 60 days, after which it will sign a binding contract, assuming that it is satisfied. The company added that it would consider bringing in partners to the project.
Michal Margalit and Globes' correspondent
24 Feb 08
BGI Investments (1961) Ltd. (TASE: BGI) has signed an memorandum of understanding (MOU) to buy a 4.1-acre lot in the Cambodian capital of Phnom Penh for $22.5 million. The lot is zoned for a mixed-use office, commercial, and residential project.
BGI will conduct due diligence over the next 60 days, after which it will sign a binding contract, assuming that it is satisfied. The company added that it would consider bringing in partners to the project.
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