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Brazil's MRV gets building permit for $488 mln housing project
December 27, 2016 / 10:04 AM / a year ago

Brazil's MRV gets building permit for $488 mln housing project

SAO PAULO, Dec 27 (Reuters) - MRV Engenharia SA, Brazil’s largest low-income homebuilder, has received a building permit for the second phase of its Grand Reserva Paulista project, according to a statement released late on Monday.

Belo Horizonte-based MRV said the project for 7,296 units has a potential sales value of 1.6 billion reais ($488 million) and is located in the town of Pirituba in São Paulo state.

$1 = 3.2760 reais Reporting by Ana Mano; editing by David Clarke

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