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 portfolio decreased by 67% to $811.1 mln (EUR 598 mln) from $2.45 bn (EUR 1.8 bn) at end-June 2008.
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