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Worth $1 billion competition for urban transformation projects in Etiler,Istanbul

09-10-2015 14:02

Worth $1 billion competition for urban transformation projects in Etiler,Istanbul

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Recently, there is a big competition between contractors for Etiler's urban renewal projects that is the most valued district of Istanbul.Per sqm prices are expected to be $15,000 in that region.

 

Recently, there is a big competition between contractors forEtiler's urban renewal projects that is the most valued district of Istanbul.

 

Big and old housing buildings which are located in the center of the town,cause to big competition between contractors for the urban transformation projects.The contractors that having difficulty to find land in the town center, compete for this type of old buildings to develop prestigious projects and to enter the urban renewal projects.

 

After the agreement between Qatari firm QT Holding and the Petrol Buildings, the Belediye buildings has become focus of interest by the investors in Etiler.Until this day foreign and domestic investors presented more than 15 proposal for the buildings which are located in across to the Akmerkez shopping mall.Per sqm prices are expected to be $15,000 in that region.

 

Foreign and domestic investors like Astaş,Fomgrup,Meriç Inşaat,Aecom etc. offers different projects to the building management for approximately worth $1 billion investment.


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