REAL ESTATE NEWS

High sales profit for residential properties

Developers earn high profit from prime location projects

Engel East Europe NV will likely have five-fold return of investment for the location it purchased in Troja, Prague. The developer projects that some 100 high-end, residential units will be sold for over 25 million Euros. The building site was purchased for approximately 5 million Euros. Troja is very attractive part of Prague as it is full of green areas, which overlook the river and are very close to Troja Castle Gardens.

Engel EE is well known for its excellent ability to identify and acquire available sites that bring excellent return of investment when developed and re-sold. With over 16 000 units under development and well over 1.5 billion Euros in annual sales, Engel EE is one of the largest developers in Central and Eastern Europe. < back