12m-euro residential complex

Italian Pomponio constructions company intends to invest more than 12 million euros in a residential complex in Alba Iulia over the next three years. “The blocks of flats will be built on a 38,000 sqm plot of land acquired in 2001. We have also leased an approximately 700 sqm location from the Alba Iulia City Hall, where we will start building a block of flats over the next few weeks,” stated Luca Anversa, the company”s chairman. The company is also involved in real estate projects in Sebes, where it plans to build more than 35 houses. “We have a 60,000 sqm plot of land, where we have completed 10 houses, which have already been sold, and will begin work on the rest of them this year,” Luca Anversa added. The company also works for industrial clients, such as Holzindustrie, for which it built a lumber factory, Ciatti (furniture factory), Casagrande (fodder machinery factory) and Savini (furniture factory). Pomponio”s representative estimates 16.5 million euro turnover for this year, up 10% on 2004. ZF