R.G.I. reports 67% drop in value of development portfolio

By A staff reporter 2009-03-24T00:00:00

R.G.I. International, the AIM-listed developer of high-end properties in the Moscow region, saw a 67% decrease in the market value of its portfolio in the last nine months. Citing poor macroeconomic conditions and underlying market forces affecting Russian real estate, the developer said the total market value of its development ...

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