A Turkish and Finnish real estate developer have announced plans to invest a total of EUR 65 mln in the St Petersburg commercial property market. Helsinki-based Technopolis said it has been granted a new EUR 32 mln financing facility by the European Investment Bank to fund the construction of the Technopolis Pulkovo technology park in St Petersburg. The company plans to invest over EUR 45 mln in the first stage of the project, which is due for completion in the first half of 2010.
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