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31 May 2012
Frankfurt am Main, Germany
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20 June 2012
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Italy's Risanamento, Limitless redefine e475m Falck sale
Milan-based listed developer Risanamento and Dubai development firm Limitless, a unit of Dubai World, are revising terms of sale for a 1.2m sq.m. Renzo Piano-designed mixed use project on ex-Falck steel works site north of Milan. Limitless signed a preliminary agreement to buy the development for e475m in December. In response to regulator inquiries, Risanamento also shed new light on its troubled financial position and revealed the existence of a four-year-old preliminary agreement to sell its Norman Foster-designed mixed-use project Milano Santa Giulia to Bi Pi Elle Real Estate.