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Limitless and RDI secure Dh120m deal
Jul 11, 2012
Limitless and RDI have secured a Dh120 million, three-year financing deal with Moscow’s Expobank for the continued construction of Zagorodny Kvartal, their mixed-use joint venture project near the Russian capital.
The funds will be used for phase one of Zagorodny Kvartal, which broke ground in late 2011, with preliminary work financed by Limitless and RDI.
Phase one, launched for sale in March 2012, includes 700 apartments, 46 townhomes and extensive green, open space.
Saeed Ahmed Saeed, CEO of Limitless, said: “This is a key milestone for the Zagorodny Kvartal project that allows us and our partner RDI to deliver a new style of development to Moscow: a walkable community where residents can step out of the city and into nature.”