Hungarian real estate developer Trigranit Development Corporation has signed a letter of intent with the local authorities of Putian City in the southern Chinese province of Fujian to develop and build a 500,000 m[sup]2[/sup] urban centre and a leisure complex.
Hungarian real estate developer Trigranit Development Corporation has signed a letter of intent with the local authorities of Putian City in the southern Chinese province of Fujian to develop and build a 500,000 m2 urban centre and a leisure complex.
The project, over 20 heactares, has an estimated value of $300 mln (EUR 228 mln) and is backed by a consortium of Trigranit and local property development group Antel.
This is Trigranit's first development project in China.
