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Urbi to Develop Low-Income Apartment Project in Mexico City

Nov. 1 (Bloomberg) -- Urbi Desarrollos Urbanos SAB, Mexico’s third-largest homebuilder, said it will use land purchased in the third quarter to develop new apartments aimed at low-income populations in Mexico City.

The project will be built on 3.8 hectares and will include as much as many as 400 apartments per hectare, the company said in a statement to the Mexican stock exchange.

Link to Company News:{URBI* MM <Equity> CN <GO>}

To contact the editor responsible for this story: Jonathan J. Levin at jlevin20@bloomberg.net

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