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Phil. Andreou: Signing of memorandum with V.K.C.A Quality Ltd for building development at Meneou

Following our announcement dated 08 March 2010 we would hereby like to inform you that we have signed yesterday with V.K.C.A Quality Ltd a memorandum of co-operation for the building development of a plot located at Meneou area using the Light Gauge Steel technology and dry construction method which is developed by our Group through our subsidiary company Right Space Construction Ltd.

This technology that is in line with all relative rules and specifications as well as the current legislation leads in a substantial decrease of the construction time, allows the use of recyclable materials and is very strong on sound and energy efficiency thus creating green buildings.

Furthermore with a small additional investment in small energy generating devices it can transform these building into zero energy buildings.

We will give more details in a future press conference which will take place in a short period of time.
Thursday, 18 March, 2010 - 10:48