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.

  • Bloomberg
  • Published: 00:32 February 16, 2008
  • Gulf News

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.

  • Rate this article
  • Average reader rating (0 votes) 0 Stars
Tools

Emailing an article to friend is a simple way to share a news item. Your friend will receive an email with your name and email address as well any personal message you choose to send.

The information you provide on this page will not be used to send unsolicited emails.

This service is not intended to encourage spam, and action may be taken against individuals who maliciously enter personal details of another individual.

Share this article

More from Construction

  1. India set to speed up financial sector reforms

  2. Al Fara'a delivers project at Jumeirah Village

  3. Danube's fifth Buildmart complex opens

  4. Drake & Scull posts Dh71m profit

All articles in Construction

More from Business

Gulf News
Popular in Business
Way to go this DSF
XPRESS

Way to go this DSF

A fun-filled route to guide you to all the happening dos in town

Business Editor's choice