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Indotek Group could start HUF 60 bln residential-commercial complex in capital in H2 2011

Indotek Group aims to start building a HUF 60 billion residential and commercial complex on the site of an old cooking oil factory in Budapest's District XV in the second half of 2011, the property company told MTI.

Cleaning up the 10-hectare site of waste oil and heavy metals should be completed by the first half of 2011.

Indotek Group plans to build 1,350 homes and 12,000 square meters of space for retail and service businesses at the site. (MTI – Econews)