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Cordia plans residential developments

Cordia Magyarország, a unit of Hungarian property developer Futureal, plans residential developments worth Ft 40 bln in 2007, including Ft 4 bln worth in Bucharest, CEO Tibor Földi said at a press conference in Budapest yesterday.

In Bucharest, Cordia Romania will build a premium-category 125-home residential complex in one of the city's green areas. Cordia also plans to enter the Czech and Bulgarian property markets by year-end. (Bloomberg)