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
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.
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