Limitless, the global real estate arm of Dubai World, said on Thursday it is to develop a $1.7bn mixed-use project in the Indonesian capital Jakarta. The 33-hectare Rasuna Epicentrum is the first project for Limitless in Indonesia, and the fourth in South East Asia. The company already has developments underway in Malaysia and Vietnam. In total,
Morgan Stanley spin-off, Proprium, made a 20-times multiple on its €65 mln equity investment in 2007 in Motel One.
