The BSR Group is on the verge of signing two development deals in Kazakhstan and Romania, Yedioth Ahronot revealed Sunday.
The company was chosen by a real estate developer in Alma-Ata, Kazakhstan's largest city, to build a luxury residential complex in one of the city's prime locations.
The complex is said to include thousands of condominiums, a hotel and several commercial buildings, and is estimated at $425 million.
BSR is expected to profit some $106 million from this deal.
The company is also negotiating a partnership in a Bucharest project, said to include 3,000-4,000 residential units and estimated at $473 million.
The Kazakhstan and Bucharest projects – which have the combined worth of some $898 million – near BSR's other five endeavors in Poland, Latvia, Slovakia, Bulgaria and Romania – which were sold to Africa Israel.
BSR stock is traded in the Tel Aviv stock exchange for $10.88. The company is currently looking into development deals in Russia and the Ukraine.