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

Minerva Knitwear SA

27/12/2016 10:03

SAO PAULO, Dec 27 (Reuters) - MRV Engenharia SA  MRVE3.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) 
 ((ana.mano@thomsonreuters.com; Tel: +55-11-5644-7704; Mob: 
+55-119-4470-4529; Reuters Messaging: 
ana.mano.thomsonreuters.com@reuters.net)) 
 
Keywords: MRV OUTLOOK/