Istanbul had been on the agenda of global developers, investors and
real estate funds since the introduction of the city in MIPIM 2005.
The start of negotiation phase of Turkey with EC on 3rd of October,
2005 has further increased the interest of international financial
institutions. Corporate funds have already allocated multi billion
US Dollars for investing in Istanbul. Van Herk Groep and Panagro from
Nederlands, Groupe Compinvest from Switzerland and DIP from Dubai
were among those who reacted very actively.
DIP has signed an agreement with the Metropolitan City Municipality
to form a REIC (Real estate investment company). DIP's plan is to
invest up to 5 billion USD as 80% shareholders of the REIC and the
first project is a colossal new landmark of 300 mt. height in Levent,
the most popular central business district of Istanbul.
You can access the current data for Residential, Office, Hotel and
Retail markets to explore the opportunities of Istanbul. The data
provided has been prepared by PY Consulting's Research and Development
Department for MIPIM
2005.
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