Business | Construction
Limitless bids for project in Istanbul
Dubai's Limitless is bidding to build a residential and office complex in Istanbul, Turkey, a local newspaper Sabah said.
Istanbul: Dubai's Limitless is bidding to build a residential and office complex in Istanbul, Turkey, a local newspaper Sabah said.
Limitless offered Turkey a 20 per cent share of the 450 million liras ($376 million) of revenue it forecasts from the 92,000 square-metre complex, which will be built next to the new stadium of Istanbul soccer team Galatasaray, Sabah said.
Limitless forecast twice as much revenue as the second-highest bidder.
The agency will ask the nine companies that entered the auction to raise their bids in a second round and plans to conclude the process in a week.
Share this article
More from Construction
More from Business
Popular in Business
-
XPRESS
Way to go this DSF
A fun-filled route to guide you to all the happening dos in town
Business Editor's choice
-
What to expect at the Dubai Airshow
We preview what types of aircraft to expect at the Dubai Airshow
-
Air Arabia revamps its website
Upgraded site offers new features, accessible in range of languages
-
Dubai looks ahead to 2010 with new projects
Global visitor numbers up 4% on year and occupancy rates remain strong


