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2 clusters · 7 sources · 11 days · First seen · Last updated

Turkish real estate asset privatization

Overview

The Turkish government has moved forward with the privatization of real estate assets in Ankara and Istanbul. According to decisions published in the Official Gazette following presidential approval, the total sale value for these properties reached approximately 1.48 billion lira.

In Istanbul, Ceynak Lojistik ve Ticaret AŞ placed the highest bid of 1.21 billion lira for five parcels in the Kemerburgaz area of Eyüpsultan, covering more than 17,678 square meters. Should the winning company fail to fulfill its obligations, the sale is set to proceed to the second-highest bidder, Sarılar İnşaat ve Elektronik Sanayi ve Ticaret AŞ, with a bid of 1.205 billion lira.

In Ankara, two separate sales were finalized. Carpartner Yardım ve Destek Hizmetleri Otomotiv Nakliyat Taahhüt Ticaret Ltd. Şti. won a bid for a 501-square-meter property in the Çankaya district for 155 million lira, while Arslanlar İnşaat Mimarlık ve Mühendislik Ltd. Şti. secured two properties in the Mamak district for a total of 118.8 million lira.

Entities

Ceynak Lojistik ve Ticaret AŞ · All Real Estate Consultants Association · Privatization Administration · Istanbul · Arslanlar İnşaat Mimarlık ve Mühendislik Ltd. Şti.

Timeline

  1. 15 days ago

    [BUSINESS] 7 sources
    Turkey approves 1.48 billion TL sale of state properties in Istanbul and Ankara

    Turkey's Privatization Administration approved the sale of state properties in Istanbul and Ankara for 1.48 billion TL, while a separate ministry auction will offer 660 plots across 24 provinces.

  2. 26 days ago

    [BUSINESS] 2 sources
    Turkey real estate sector calls for reform of authorization fees

    The All Real Estate Consultants Association (TEDB) is calling for a reduction or removal of real estate authorization fees in Turkey to help bring 61,000 uncertified businesses into the formal system.

Sources

anadoludabugun.com.tr · batmanrehbergazetesi.com · cnbce.com · ekoturk.com · emlakdream.com · halktv.com.tr · ozdiyarbakirgazetesi.com

This summary has been updated 1 time: see revision history