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Russia’s richest woman spends up on Moroccan real estate

Russia’s richest woman spends up on Moroccan real estate
Elena Baturina, Russia’s richest woman and the wife of Moscow's mayor, is investing half a billion euros into North African real estate.

Her company, Inteco, has acquired total of one and a half thousand hectares of land in Morocco. Inteco says it plans to build 5 resort complexes, including residential areas and a golf-club. Last week Baturina denied a report in a British newspaper that she is buying a London mansion for a hundred million dollars.

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