Gamla plans South Carolina project

About 18 months ago, Gamla USA, a subsidiary of Gamla Millennium, together with a US partner bought the golf course grounds for $6m.

By SHARON WROBEL
February 14, 2007 07:16

 
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Gamla Millennium Investments Ltd. is expanding its activities in the US, building a $300 million residential project on golf course grounds in South Carolina, which will be rezoned as a residential area. About 18 months ago, Gamla USA, a subsidiary of Gamla Millennium, together with a US partner bought the golf course grounds for $6m. The ground has been approved for rezoning for 500 housing units, and the companies are in the process of seeking approval for an additional 550 units.

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