Posts Tagged ‘business’
Turkey’s Newest Marina Boosts Istanbul’s Western Suburbs
Istanbul’s western suburbs are set to benefit from a further boost with the announcement of plans to build a new marina worth $16 million.
Dati Investment Holding, one of the leading Development consortiums in Turkey which also owns the high end Galleria shopping mall, the Crown Plaza and Istanbul’s newest 5 star hotel, the Sheraton Istanbul Ataköy Hotel, plans to build the new marina in the Ataköy district situated on the European side of the Bosphorus.
The new Park Marina project will cover some 15,000 sqm near the Ataturk International Airport, only 15 miles west of Istanbul’s financial centre, and will include restaurants, shops and a state-of-the-art marina. Park Marina is due to open in mid-September.
Steven Worboys, MD of Experience International which is marketing a number of luxury residential investment opportunities in the western suburb of Beylikduzu, only 20 minutes from Ataköy district, comments:
“Such significant investment in Istanbul’s suburbs is very positive for the future. As the city has grown, pressure on land available in the financial district has increased and now developers are looking to burgeoning districts in the west such as Ataköy and Beylikduzu which are experiencing significant population increases and infrastructure investments.”
Dati Investment Holdings affirm this viewpoint, demonstrating a commitment to Istanbul property investment in the future of districts such as Ataköy. They have been praised by the government for their investment of $20 million in the Galleria shopping centre & $60 million in the renovation of the Sheraton Ataköy Hotel$60 million in the renovation of the Sheraton Ataköy Hotel and $20 million in the Galleria shopping centre, one of the most popular recreation areas in the city.
Gökhan Kıran, board member and head of executive board of Dati,~Board member and head of executive boardof Dati, Gökhan Kıran} recently commented:
“With ParkMarina life center and Dati’s new projects ‘in the pipeline’, we believe Ataköy will again be an attractive district. We also plan to build a new hotel in Ataköy and our master investment plan for the region will be a mega yacht marina.”
The western suburbs of Istanbul are seeing substantial interest form overseas property investors with capital gains of up to 30% reported for Beylikduzu district.
Demand for quality Istanbul property investments in this area remains high and exclusive pre-launch opportunities such as No1 Knightsbridge allow clever investors to secure luxury properties at as much as 50% lower that the completed projects prices and also enjoy a 2 year protected rental guarantee of 7.5
For additional information on Istanbul’s western suburbs or to get involved investing in property then contact the experts at Experience International on +44 (0) 207 321 5858 or visit Experience-International.com.