Livento Group announces the closing of sales for a residential development in Prague


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New York, NY, Sept. 14, 2022 (GLOBE NEWSWIRE) — NuGene International, Inc./Livento Group, Inc. (OTC Pink: NUGN) today announced that its investment in the Rezidence Geminos project has been completed and all the units are now sold.

Located in Prague, Czech Republic, this building is a newly constructed 16-unit condominium. Each accommodation has a front garden and a terrace or balcony. The building is a modern, energy-efficient construction that has ample parking. In 2019, Livento acquired the project and its building permit. They have started updating the layout of this building to reflect changes in market needs.

“This modern residential building is close to public transport, local attractions and schools,” said David Štýbr, Founder and CEO of Livento Group. “Today’s announcement is significant as we will soon be able to deliver significant value from this project to our investors and complete our refocus on the BOXO and Elisée divisions.”

The Geminos Rezidence project was financed in cooperation with UniCredit bank and developed in-house under the supervision of an experienced team who oversaw all tenders and construction sales. Total gross sales were to be $8 million and construction was to be completed in 18 months. With homebuyers secured mortgages, Livento has received payments for the units and will be able to use the remaining balance once the bank and developer have been paid.

The team of professionals overseeing this project was led by Michal Zelezny, a real estate industry veteran with experience developing residential communities.

About Livento Group, Inc.Livento Group (OTC Pink: NUGN) specializes in the acquisition and development of companies with disruptive business models. The company focuses on film production, portfolio management and real estate investment. BOXO Productions, its recently launched film and television production subsidiary, is led by the best actors and producers in the industry. For more information, visit www.liventogroup.com and www.boxoproductions.com.

Safe Harbor Statement:This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. You may identify such statements as predictions, projections or references to future events and expectations, possibilities or the like. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those projected or anticipated. Although the Company believes that the expectations reflected in our forward-looking statements are based on reasonable assumptions, the Company cannot guarantee that its expectations will be achieved due to several variable factors. Factors or events that could cause actual results to differ may arise and it is impossible for the Company to predict all of them. Some of these risks and uncertainties include, but are not limited to, general economic and business conditions, the effects of ongoing geopolitical unrest and regional conflicts, customer ordering patterns, changes in consumer trends, and various other factors beyond the Company’s control. Although the Company intends to provide public updates, it undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future developments or otherwise, unless law requires it.

Contact:David Stýbr, CEO Livento Group, Inc.[email protected]https://www.liventogroup.com/https://www.boxoproductions.com/https://www.facebook.com/BoxoProductions/https://www.linkedin.com/company/boxo-productions/https://twitter.com/BoxoProductions

  • Livento Group announces the closing of sales for a residential development in Prague

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Livento Group announces the closing of sales for a residential development in Prague

Geminos Residence Project

Source: LIVENTO GROUP

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