MKB, Vasas build sports center for Ft 1 bln
Thursday, March 3, 2005, 19:22
MKB-Euroleasing Rt, the leasing company of the Hungarian Foreign Trade Bank (MKB) will invest Ft 1 billion over the next five years to build a new sports facility on a 6-hectare plot owned by the Vasas Sports Club in Dist. 2. Vasas has a 50-year lease on the state-owned property for a nominal fee. The project company in charge of the development is 50%-50% owned by Vasas and MKB-Euroleasing, which have plans to build a swimming pool and a sports stadium. The facilities are expected to make Ft 20 million-Ft 30 million loss annually.