FOCUS ON TURKEY MIPIM Palais des Festivals, Cannes, France
METROPOLITAN MUNICIPALITY FOCUS ON TURKEY MIPIM Palais des Festivals, Cannes, France
Turkey’s mega projects to whet your appetite! CONTENTS
8 Turkey Programme of Conferences
10 Floorplans
12 “Turkey, an Attract ve Investment Dest nat on” Invest n Turkey Report
22 • W th ts mega projects Antalya s set to establ sh tself as a global center of attract on • Many more reasons to nvest n İstanbul • Beyoğlu welcomes nternat onal nvestors w th 5 major projects to bu ld ts future
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MEHMET ÖZHASEKİ Minister of Environment and Urbanisation of the Republic of Turkey
2017 w ll be the year of nvestment for Turkey. The nat onal budget s an embod ment of our comm tment n mak ng th s the year of nvestment for our country. One of the ma n factors that ensured AKP government’s susta ned econom c success over the years has been ts focus on f scal d sc pl ne. We upheld th s as a pr or ty and d d not comprom se for any reason. In terms of monetary pol cy, we based dec s on mak ng on pr ce stab l ty and fought the nfl at on war w th a h gh level of determ nat on. Th s s how we managed to atta n s ngle d g t f gures n nfl at on after 36 years.
The ma n p llars of 2017 budget are targets perta n ng to growth, employment and nvestment w th an eye on macro econom c stab l ty – an approach wh ch has already ensured a pos t ve nd cat on as to how the rest of the year w ll shape up. Aga n, as the Budget mpl es, there w ll h gher publ c spend ng th s year where we w ll see part cular ncent ves ntroduced for agr culture, manufactur ng, exports and reg onal growth. In short, 2017 w ll be the year of nvestment. To g ve an example, we a m to ncrease our nvestments three t mes as much of the annual nfl at on rate. Therefore, nvestment level w ll be h gher, ensur ng a breath of fresh a r for the Turk sh economy.
As one m ght recall, the world w tnessed a global econom c cr s s n 2008, the aftershocks of wh ch are st ll felt n many ways. Weaken ng of global trade, the unexpected dec s on of Br ta n to leave the EU, decl ne n cap tal fl ows and surge n global debt rates created pressure on nat onal econom es, accord ngly hamper ng the r GDP growth. Wh le many econom es su ered deeply w th growth rates decl n ng by an average 2.1 %, Turkey managed to over perform desp te many unfortunate events. Th s has made Turkey a safe haven n the eyes of nternat onal nvestors.
We have created jobs for more than 7 mln people n the last 9 years. Turkey s now the second h ghest job-creat ng economy among OECD countr es. 2017 w ll be a pos t ve year for employment thanks to h gher nvestment through d rect publ c spend ng as well as planned ncent ves.
As a result of the above, Turkey cont nues to enjoy a strong stab l ty. Developed countr es der ve strength from and rely on hav ng strong governments. S nce 2002, Turkey prov ded great returns for all who nvested n ts economy. The geograph cal pos t on ng of Turkey, ts qual f ed workforce and strong government that supports the bus ness world are great po nts of reference for nvestors.
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FOCUS ON TURKEY MIPIM Palais des Festivals, Cannes, France TURKEY PROGRAMME @MIPIM 2017 14 MARCH, TUESDAY
10.00 Turkey O c al Inaugurat on @İstanbul Tent – C14
10.15 İstanbul Chamber of Commerce (ICOC) Press Conference @İstanbul Tent – C14
14.00 – 15.00 Why s Turkey a hot spot for nvestors? @Ruby Room (Pala s 5)
After a keynote address by Mehmet Özhasek , M n ster of Env ronment and Urban sat on of the Republ c of Turkey, on the cons derable econom c growth over the past decade, the panel deta ls the ma n dr v ng forces and the pos t ve e ect of these. D scover what are the urban mega projects rev v ng the real estate market n Turkey!
Opening Speech
MEHMET ÖZHASEKİ Minister of Environment and Urbanisation of the Republic of Turkey
Co-organiser
ARDA ERMUT President, Investment Support and Promotion Agency of Turkey (ISPAT)
Moderator
Co-organiser
AVİ ALKAŞ CANSEL TURGUT YAZICI ŞENAY AZAK-MATT Country Chairman, Board Member General Manager Turkey, JLL Turkey GYODER Aareal Bank Group
17.45 – 18.30 EMEA: What are the mega projects n key c t es and how do they mpact c ty development? @Market Trends Room (Pala s 3)
Speakers: Alberto M na, Internat onal Relat ons Department, Arexpo spa Alexandra Notay, D rector of Product and Serv ce Innovat on, Places for People Group Ayhan Ökmen, İstanbul A rport C ty Manager, İGA - İstanbul Grand A rport
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15 MARCH, WEDNESDAY
10:00 -10:45 Tabanlıoğlu Talks on “Arch tecture from Turkey on the World Map.” @İstanbul Tent – C14
12.00 – 14.00 Esas Propert es Lunch @InterCont nental Carlton Cannes Hotel – Terrace by nv tat on only
14.00 MIPIM 2017 – ICOC Cockta l & Network ng Event @İstanbul Tent – C14
15.00 – 16.00 Bandırma Park Compet t on @Salon Cro sette (Pala s 1)
18.00 - 21.30 TSKB Real Estate Appra sal Company D nner @Grand Hyatt Cannes Hotel Mart nez - Galuchat Ballroom by nv tat on only
16 MARCH, THURSDAY
08.00 – 10.30 İstanbul A rport C ty Breakfast @Hotel Barr ère Le Majest c Cannes – Salon D ane by nv tat on only
18.30 MIPIM Awards Pr ze-G v ng Ceremony followed by Awards Cockta l @Grand Aud tor um (Pala s 1)
F nal st from Turkey Best Refurb shed Bu ld ng Beyazıt State L brary, İstanbul, Turkey Developer: Republ c of Turkey, M n stry of Culture and Tour sm / Aydın Doğan Foundat on Arch tect: Tabanlıoğlu Arch tects
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GENERAL PLAN
GENERAL PLAN MOSCOW
PARIS REGION C14 İSTANBUL CHAMBER OF COMMERCE (ICOC) C14
C19.A TURKISHCERAMICS R9 LONDON TURKISHCERAMICS
SEAVIEW VILLAGE MANCHESTER
C19.A
DEPARTMENT OF INTERNATIONAL MIDLANS UK TRADE, UK
DUBAI HOLDING
REGISTRATION
PALAISPALAIS -1 -1
P-1.M8, P-1.N7 P-1.K51 SABRI PASAYIGIT TABANLIOĞLU ARCHITECTS ARCHITECTS
P-1.J10 KOCAELİ METROPOLITAN MUNICIPALITY
P-1.M8/N7
P-1.K72 P-1.K72 P-1.H28 PROPLAN PROJECT MANAGEMENT HATAY AND CONSULTANCY METROPOLITAN
MUNICIPALITY P-1.H28 P-1.J10 P-1.G64 GAD ARCHITECTURE P-1.H16 P-1.K51 P-1.J15 P-1.E23 AVCI ARCHITECTS
P-1.G64 P-1.G61 EFEKTA P-1.G61 P-1.F68 ARCHITECTS P-1.G51
P-1.E23
P-1.B75 P-1.F68 P-1.A78 BOYTORUN P-1.A85 ARCHITECTS P-1.A81 P-1.H16, P-1.J15 P-1.A79 P-1.A77 ISTANBUL P-1.B61 P-1.A75 P-1.A73 MINERAL P-1.A71 P-1.B51 P-1.A60 P-1.A69 P-1.A56 P-1.G51 EXPORTERS’ P-1.A54 P-1.A52 ASSOCIATION P-1.A50 BALIKESİR METROPOLITAN P-1.A55 MUNICIPALITY
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RIVIERARIVIERA 7 7
R7.G15 R7.G26 R7.G15 ESAS PROPERTIES
R7.E68 R7 E68 LAL REAL ESTATE R7.B19 APPRAISAL INC. ÇELEN GROUP R7.B19 R7.A18 R7.D13 TSKB REAL ESTATE APPRAISAL COMPANY R7.A18 R7.D17 R7 R7.C24 D13
R7.A4 R7.A4 İSTANBUL AIRPORT CITY R7.C24 BEYOĞLU INVESTORS GROUP
RIVIERA 8 RIVIERA 8
R8.D24 ANTALYA METROPOLITAN MUNICIPALITY
R8 D24
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TURKEY, AN ATTRACTIVE INVESTMENT DESTINATION
12 urkey has gone through a profound in the world, but with its economic growth, transformation over the past sound policy framework, sizeable domestic fourteen years. While creating an market, and competitive labor costs, Turkey investor-friendly environment has ambitions to become one of the top 10 Tthrough reforms and new legislations, the economies in the world by 2023. The dynamics country has also been pro-actively supporting of the Turkish economy are aligned towards investors through eicient and efective this goal thanks to the top-down approach institutions. The irst and foremost of these implemented by Turkish President Recep institutions is the Investment Support and Tayyip Erdoğan. Promotion Agency of Turkey (ISPAT) which was established in 2006 under the auspices of President Recep Tayyip Erdoğan, when he was Prime Minister. Since its foundation, ISPAT has been providing assistance to foreign investors, before, during and after their entry into Turkey. Turkey is currently the 17th largest economy
17TH LARGEST ECONOMY IN THE WORLD
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Under the leadership of President Erdoğan, eight decades before 2003. Similarly, the the Turkish economy has posted an annual number of foreign companies investing in average real GDP growth rate of 5.9 percent Turkeys has exceeded ifty-two, up from during the 2002-2015 period, and GDP per around six thousand in 2003. capita has more than tripled during that period. With modern management practices, Reforms and Incentives in a young and qualiied work force, a stable 2016 and early 2017 economy, a reformist investment climate, Turkey for many years now has been developed infrastructure, a central location introducing and implementing reforms with easy access to 1.6 billion customers within a four-hour flight radius, low taxes, generous incentives, and a sizeable domestic market, Turkey welcomes all companies to come and explore its opportunities.
Source: UNCTAD & CBRT
and incentives to improve the country’s investment and business climate as well as to make Turkey one of the most attractive investment destinations in the world. In February 2016, an R&D Reform was implemented that included tax discounts
Source: OECD Economic Outlook No. 97 (Edition 2015/1) for companies engaged in R&D, equal treatment of design centers and R&D centers Attracting foreign direct investment is a regarding incentives, and the establishment top priority for Turkey, as it is considered a of Technology Development Zones (TDZ) main component of economic development. for strategic sectors such as ICT, healthcare, Therefore, improving investment climate in biotech, nanotech, defense, and aerospace. Turkey has been an integral part of Turkey’s In August 2016, Turkey passed a Tax Reform economic program. To this end, Turkey, irst, Package that introduced tax exemptions for created a favorable investment environment companies participating in the incentives by enacting a new FDI law schemes. Some of the in 2003, bringing equal exemptions covered stamp treatment for all investors, duty taxes, real-estate taxes, regardless foreign or local, municipality fee taxes, and and providing investors salary income taxes. with certain guarantees, In September 2016, a such as transfer of proits, Project-Based Incentives international arbitration and System began that allows buying property. Since 2003, for up to 100 percent Turkey has attracted around corporate tax exemption, USD 179 billion foreign free land allocation direct investment, whereas for 49 years, a state it had attracted only USD 15 purchasing guarantee for billion FDI in the preceding manufactured products,
14 interest waivers for credits utilized for ixed 45. Accordingly, the government will provide investments, and salary support for qualiied 25 percent additional support and a TRY 1,000 employees. one-time government support for participants.
In December 2016, the Economic Also in September, an Incentive Package for Eastern Turkey was introduced. Accordingly, TRY 140 billion incentives will be granted in 23 eastern and southeastern provinces of Turkey for investments in housing, factory, stadium, and irrigation projects. In line with this, the government will build 80 new factories each year and will lease them to investors. At the launch meeting of this package, known as the Coordination Board announced 8 new “Attraction Centers Program”, Turkey’s Prime support mechanisms for SMEs in Turkey. Minister Binali Yıldırım announced that 1,200 Support includes credit guarantee fund initial applications worth a total of USD 5.2 coverage of TRY 250 billion, TRY 50,000 loans billion were made within this scope. for SMEs with three-year maturity and a In November, Turkey introduced a new grace period of one year, and social security Private Pension Scheme. The Private Pension payment postponement for SMEs. System (PPS) is mandatory for all public and In January 2017, Turkey eased citizenship private company employees under the age of for foreigners with amendments made to
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Citizenship Law. Now crossroads of Europe, the according to the law, Middle East, and Central foreigners who have Asia, and home to 80 made a minimum ixed million people, Turkey capital investment of USD ofers great opportunities 2 million, have acquired for real estate developers an immovable property and investors by combining worth a minimum of USD a large construction sector 1 million, have created jobs with growing commercial for at least 100 people, have and industrial output. deposited at least USD 3 Attracting investments to million in Turkish banks, the Turkish real estate sector or have bought at least has also been an important USD 3 million worth of element of improving government bonds will be eligible to acquire investment climate in Turkey. The country Turkish citizenship. has enacted several new legislations paving the way for foreign investors to invest in the I- IMPRESSIVE REAL ESTATE sector and this commitment enabled Turkey SECTOR IN TURKEY to attract around USD 35 billion foreign direct investment into real estate properties and USD Turkish real estate sector stands out as one 3 billion for real estate activities for the last 14 of the most attractive real estate investment years. Real Estate investments as FDI have destinations in the world. Driven by a robust reached its peak level in the last two years, domestic market and entrepreneurial spirit of USD 4.1 billion in 2015 and USD 4.3 billion Turkish private sector, the Turkish real estate dollars in January-November 2016. The most industry has also been growing dynamically prominent investors from the Gulf region in the real estate sector in Turkey are Qatari Diar and Emaar Properties, who have been investing in the country for several years. According to a report of Jones Lang LaSalle (JLL), İstanbul has been the most improved “Emerging World City” over the past ive years based on a range of performance indicators, and its economic fundamentals are stronger than many of its global peers. The commercial real estate industry in İstanbul, the forefront of the sector in Turkey, has made tremendous strides with over 5 million square metres of modern retail space, about 7 million square metres of Grade A oice space, around 9.5 million square metres of modern logistics space, and in excess of 56,000 hotel rooms in over 500 rated hotels. over the last decade. The sector accounted This supply will provide the city ample room for approximately 5 percent of GDP during to grow into its new skin as an international the same period. Strategically situated at the business, retail, logistics, and leisure hub.
16 Housing units have shown a similar surge seen a signii cant rise in tourist arrivals in to that seen in commercial properties. Housing recent years, reaching a peak of 39.5 million prices in Turkey have increased by 4.1 percent tourists in 2015. This is triple number of CAGR in real terms over the 2010-15 period. tourists when compared to the 13.2 million The ongoing improvement in the quality of that visited in 2002. the building stock, which is replacing old stock with higher quality, earthquake-proof housing units, is the main driver behind price increases since 2010. About 7 million old and low quality housing units across the country are slated to be renewed. Furthermore, a regulatory change in 2012 that allowed all foreigners to buy property in Turkey has boosted demand from foreign investors. Housing demand will continue to increase in Turkey due to low household debt and a low share of mortgage sales in housing purchases. The share of household debt in total GDP was 21 percent in 2015, which remains low in a global context. The increase in international tourist arrivals JLL foresees has made Turkey one of the most attractive that İstanbul will destinations in the world, propelling the remain a market of country to sixth place in the most visited untapped potential countries in the world. Moreover, according in terms of real to a recent survey by TUI Holly in 2016, 33 estate investment. of the 100 top hotels of the world are located Given the city’s size, in Turkey. Along with coastal, thermal, status, and maturity, spa, winter, congress, and expo tourism, JLL says there is Turkey has seen a marked increase in health still ample room for tourism in recent years with a doubling of the signii cant increases in investment before it matches levels seen in other Emerging World Cities.
II- TOURISM SECTOR TO REBOUND IN 2017
With its cultural heritage and lands that have been home to numerous civilizations over the centuries, Turkey is increasingly regarded as one of the most popular holiday destinations in the world. The country has
17 FOCUS ON TURKEY MIPIM Palais des Festivals, Cannes, France number of patients receiving healthcare in the III- INFRASTRUCTURE PROJECTS 2007-2015 period. GAIN MOMENTUM IN 2016 AND 2017
The expansion of Turkey’s infrastructure is also transforming Turkey and playing a key role in its economic dynamism. An ambitious infrastructure master plan, which includes metro line extensions, a 3rd Airport in İstanbul, the Eurasia Tunnel, the İzmit Bay Bridge (Osmangazi Bridge), and the 3rd Bosphorus Bridge (Yavuz Sultan Selim Bridge), bodes well for growth. To give an example of the ei ciency of these projects, when i nished the Gebze-Orhangazi-İzmir Motorway Project will reduce travel time between İstanbul and İzmir to 3.5 hours from 8 hours. This will lead to a public savings of USD 650 million each year.
Marmaray Marmaray is an undersea railway The tourism sector naturally was negatively tunnel linking the Asian and European af ected by the Turkey-Russia tension in 2015 sides of İstanbul, and its i rst phase has and several traumatic experiences in 2016; been in operation since October 2013, however, it will recover in the wake of the strong rapprochement period between
Turkey and th Russia and it will 6 most popular tourist make a positive destination globally contribution
million to Turkey’s tourist 39.4 arrivals growth in 2017. As the country looks forward to its centennial 13,615 accommodation th celebration in 2023, facilities the 90 anniversary of the Republic of Turkey is eyeing Turkey. Marmaray makes a signii cant targets such as contribution to İstanbul’s railway network, blue-flag hosting 50 million 436 beaches with connections to the İstanbul metro visitors annually and the high-speed railway line between and capturing USD İstanbul and Ankara. Marmaray has carried 50 billion in annual km of 7,200 coastline more than 120 million passengers since its tourism revenue. inauguration.
18 Third Bosphorus Bridge and North The expected fuel saving with the tunnel is Marmara Highway around 38 million liters annually. The project İstanbul’s third Bosphorus bridge (Yavuz will also decrease carbon emissions by 82,000 Sultan Selim Bridge) links İstanbul’s tons a year. European and Asian sides. It was designed as a hybrid bridge, and as such holds Third Airport in İstanbul the distinction as the A joint venture of Turkish world’s widest and companies won a tender for longest combined road the third İstanbul airport in and rail bridge. The May 2013. The companies bridge is part of the will pay the government North Marmara Highway EUR 22.1 billion plus taxes project, stretching from for the right to operate Adapazari, Sakarya to the airport for 25 years Tekirdağ. The project starting in 2017. The project, further eases the burden which is expected to cost on the existing two around EUR 33 billion bridges spanning the with all investments and Bosphorus and provides annual rent, is the largest a transit corridor for project in the country so far. freight transportation Located on the northwest that bypasses the busy city center. The of İstanbul’s European side, the 150-million- project has created around 6,000 jobs and passenger capacity air terminal will be the construction activities have added an annual TRY 1.75 billion to the economy.
Eurasia Tunnel The tunnel enables motor vehicles to travel between Asia and Europe via a highway tunnel running underneath the Marmara seabed. The 5.4 km-long two-deck undersea tunnel has a daily capacity of 100,000 vehicles and signiicantly cuts the distance between Kazlıçeşme on the European side and Göztepe on the Asian side of İstanbul.
connected to the Third Bosphorus Bridge via the North Marmara Highway. The airport will play a vital role in making İstanbul a global air travel hub. The airport’s irst stage will incorporate two runways and a terminal with an annual capacity of 90-million passengers. This irst stage is due to be operational in 2018.
19 Gebze-Orhangazi-İzmir Highway the Sea of Marmara. 47 km in length and 150 and İzmit Bay Bridge meters wide, the canal will provide relief to The project shortens the overland travel naval trai c in the Bosphorus, particularly distance between İstanbul and Turkey’s third tanker trai c. The canal will be able to handle largest city, İzmir. This project includes the 160 vessels a day and is set to of er many 3-km long İzmit Bay Bridge (Osman Gazi investment opportunities since there will Bridge), the fourth largest suspension bridge be huge growth potential in its immediate in the world. vicinity.
IV- TURKEY ON HEALTHY FOOTING WITH CITY HOSPITAL PROJECTS
Within the scope of the city hospitals project, 29 city hospitals with a combined capacity of 41,000 beds will be built by 2019 in Turkey at a total investment cost of TRY 30 billion. The scale of the investment will allow Turkey to continue its upward trajectory in terms of the quality of its healthcare system and services. The city hospitals will of er 5-star service to patients and will propel Canal İstanbul Turkey towards a leading role in the i eld of The canal will be an artii cial sea-level healthcare. waterway that will run parallel to the A project with this ambition requires Bosphorus, connecting the Black Sea with long-term i nancing opportunities.
20 International i nancial organizations such Electric. USD 1.1 billion in external i nancing as the Islamic Development Bank (IDB) and will come in part from the Overseas Private the International Finance Corporation (IFC) Investment Corporation (OPIC) of the U.S., have pledged support for these projects. the Export Development Canada, and the IFC has issued a EUR 80 million bond with European Bank for Reconstruction and a 20-year maturation period to be used to Development (EBRD), each of which will fund a healthcare facility in Elazığ province. provide credit with 18-year terms. Likewise, IDB has participated in the Finally, the Mersin City Hospital was financing of two public-private partnership opened in early February 2017 with the hospitals in Konya and Manisa provinces. participation of President Recep Tayyip The financing from Erdoğan. Drawing these organizations attention to also has unique the importance characteristics. of healthcare The IFC bond for investments in the Elazığ facility Turkey, President is the first project Erdoğan underlined bond financing of that the goal of the a hospital under city hospitals project a public-private is for the designated partnership scheme, cities to have a whereas the Manisa single campus where complex, supported residents can go to by IDB, is the first have all their health healthcare project problems attended that is fully-financed to while receiving by Islamic finance the highest quality instruments. service. Mersin City The İzmir and Hospital has been Kocaeli hospital built on a 232,000 projects will see the participation of Gama square-meter area and includes 502 single Holding, Türkler Holding, and General rooms of 33 square meters each.
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MAYOR OF ANTALYA METROPOLITAN MUNICIPALITY, MENDERES MEHMET TEVFIK TÜREL
With Its Mega Projects, ANTALYA Is Set To Establish Itself As a Global Center Of Attraction
22 world class tourism center with so much to ofer from nature and history to a great climate, Antalya is once again on world stage by Aenhancing its “Visit Antalya” motto with a new one: “Invest Antalya”. Determined to establish itself as the place to go to for local and international investors, Antalya is strengthening its hand with of an additional 40 km strip of the sea shore prime quality and high scale investment and will be adorned with a marina, various projects, valued approximately at TRL 1bln restaurants, cafes, green spaces, recreation each. Among these, Boğaçay Marina Project and activity areas. Cruise Port and Film deserves much attention: It will make use Plateau Projects are also underway, with
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the latter intending to ofer Another important sector world class facilities for the for us is agriculture as movie industry. The second Antalya plays a major role in most popular Turkish city the farming and exporting for overseas nationals’ real of Turkish agricultural estate purchases, Antalya produce such as fresh fruits will further flourish through and vegetables. The city also the 1.2 mln m2 additional has 39.8 % share in national capacity that will be greenhouse cultivation. generated with various urban Commercial activities and transformation projects, to logistics industry are also involve a well-designed mix signiicant revenue sources of residential and commercial for us. units. A world class living Esteemed Mayor; how would Our future plans focus concept will be ofered you assess Antalya in local on sustainable, competitive in Konyaaltı, for a better, and international terms? policies that promote diversity; greener and smarter living in Which sectors play a role in to create a crisis-resilient what is one of the best shore carrying Antalya forward environment in tourism and lines of the world. and what are your future agriculture going forward. The City will adopt a one- plans? Antalya is among the stop shop approach to ease the top 10 most visited cities What are some prominent way for potential investors, globally with 15 mln local features of Antalya and how and set itself as the meeting and international visitors do you plan on enhancing or point of the world. per year. It is the fifth and diversifying these in the future? Mayor of Antalya sixth largest city in Turkey Metropolitan Municipality, by population and area With 300 sunny days a year, Menderes Mehmet Tevik respectively. it goes without saying that Türel detailed some of the this is a sea, sand and sun new and most ambitious Tourism is our main revenue projects that will make line and Antalya contributes Antalya ever more appealing 50 % of the country’s total for international investments. tourism revenues.
24 DEMOGRAPHICS POPULATION: 2,328,555 (2016) SHARE OF TURKEY’S POPULATION: 2.6 % AVERAGE AGE: 31.66 GENDER DISTRIBUTION: 49.48 % FEMALE, 50.52 % MALE OVERSEAS NATIONALS: 54,755 AVERAGE AGE: 31.66 CITY LIFE ART AND CULTURE – OVERALL: 3,260 act v t es w th 2,046,220 part c pants ART AND CULTURE – INTERNATIONAL: green spaces and public 219 act v t es w th 176,700 part c pants transport works are some MAJOR INTERNATIONAL EVENTS: of the ways we employ on 53rd Internat onal Antalya F lm Fest val a systematic basis to reach 2nd Internat onal Yörük Fest val city. We would like to further th strengthen this image with 17 Internat onal Antalya P ano Fest val our targets ei ciently and 1st Internat onal Antalya Mov e Days cultural and historical beauties swiftly. We are open to and TRT 33rd Internat onal Apr l 23 Ch ldren’s Day Fest val of Antalya and concentrate supportive of all kinds of ART AND CULTURE – LOCAL: our ef orts to that end. innovative ideas that have 3,041 act v t es w th 1,869,520 part c pants potential to further enhance 8 CONCERT HALLS: Which tools are being AKM Aspendos and Perge Halls the appeal of the city. The Glass Pyram d employed to make Antalya Yen Mahalle Cultural Center a city of choice for Could you elaborate on your Elmalılı Muhammed Hamd Yazır Cultural Center international investors? continued investments and Demre Cultural Center their potential contribution Çamlıbel Cultural Pav l on Ermenek Cultural Pav l on in achieving your targets It is our utmost priority MOVIE THEATERS: 86 (2015) that we make Antalya a in making Antalya a truly THEATER HALLS: 14 (2015) global city? center of appeal for local MUSEUMS: 8 (ACTIVELY OPEN FOR VISITS) and international investors. Antalya Archeology Museum and Atatürk House Mega projects, urban The City of Antalya is on Alanya Museum transformation plans, the move, with a vibrant S de Museum Elmalı Museum infrastructural investments, new Antalya rapidly taking Demre Museum shape. This is evident in Toy Museum all parts of the city across Museum of Old Heat ng Stoves various industries, where we Kale ç Museum MUSEUMS AT PROJECT PHASE: are adding jobs, seeing major Ethnography Museum, Mevlev hane Museum, new projects constructed, Antalya C ty Museum, Antalya Museum of and witnessing our economic Turk sh and Islam c C v l zat ons, Necropol s base evolve for a bright and Museum, Evrensek Yörük Museum, Natural H story Museum, Nature Theme Park Museum, sustainable future. C nema Museum, Museum of Toys and Play, Currently, a signii cant Museum of Urban L fe and Museum of Weav ng amount of investments in UNIVERSITIES: 4 – 2 publ c and 2 pr vately owned new economic development by foundat ons. CLUBS AND RESTAURANTS: 124
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activity is underway, mostly create new jobs, they will Boğaçay Marina, Antalya in Downtown Antalya - the also provide medium and Film Plateau and Cruise Port heart of our region. The long term value-add in – what is the current stage driving force behind this diversifying revenue sources, and how do you expect them remarkable resurgence is the development of tourism and to add value to the city? rapidly developing Boğaçay revitalization of the city with Marina Project, as well as other a new and fresh face. With an investment budget strategic investments like above TRL 1 bln, Boğaçay Antalya Film Plateau, Cruise Can you tell us about areas Marina is a groundbreaking Port, Konyaaltı Seashore of interest for potential project, similar to the Rejuvenation and Kepez Urban investors? What kind of Kanal İstanbul Project. Transformation Projects. opportunities do these areas Boğaçay Marina Project is We also continue our and sectors present for groundbreaking in the sense eforts for street upkeep international investors? that it will make use of an and maintenance, invest additional 40 km strip of the in railway systems and Boğaçay Marina, Antalya sea shore and will be adorned museums to make Antalya Film Plateau, Cruise with a marina, various a world city. In addition to Port, Konyaaltı Seashore restaurants, cafes, green spaces, these projects’ potential to Rejuvenation and Urban recreation and activity areas, Transformation Projects thus creating a new center of pose great opportunity for attraction for both the local investors. These projects will residents and our guests. also position Antalya as a The Cruise Port Project signiicant destination for with an investment amount cruise and yacht tourism on the of TRL 800-850 mln is aimed Aegean-Eastern Mediterrenean at revitalizing the commercial route, as a destination of choice and tourist districts by way for suppliers and tourism of promoting and attracting operators. cruise tourism from all parts of the world. Could you tell us more about Antalya has a very the large scale projects like favorable climate and enjoys
26 being a sun city. This great train lines are expected to go climate also means very live soon with more transport inducive conditions for the options recently made available ECONOMY movie industry with plenty by extension of the existing GDP PER CAPITA: of high quality natural light. network. This multi modal USD 10,122 (2011-Antalya, Isparta, Burdur) GDP: USD 27.4 bln (2011-Antalya, Isparta, Burdur) Accordingly, transport network SHARE OF TURKEY’S GDP: our ef orts to 4 % (2011-Antalya, Isparta, Burdur) construct i lm and the BANK DEPOSITS: TRL 31,279,000,000 (2015) plateaus at geographical SHARE OF TOTAL BANK DEPOSITS TURKEY: 2.5 % (2015) international advantages BANK FINANCING: TRL 50,753,000,000 (2015) standards set the stage SHARE OF TOTAL BANK FINANCING TURKEY: 3.5 % (2015) are going and one can EMPLOYMENT BREAKDOWN: 5 % n Agr culture, full steam easily see 95 % Industr al and Serv ce Sectors (2016) with the TRL the immense NUMBER OF BUSINESSES: 67.081 (2016) 400-500 mln potential NUMBER OF GLOBAL COMPANIES: 3,163 (Members of Film Plateau Antalya of ers: Antalya Chamber of Commerce and Industry 2015) Project. m2 prices in FOREIGN TRADE: Imports – USD 1,112,387,000; Antalya stand Exports - USD 977,137,000 (2016) You have recently launched signii cantly lower than its PATENTS: 72 appl cat ons, 12 reg stered (2016) the “Invest Antalya” motto to comparable peers elsewhere in BRANDS: 2,978 appl cat ons, 2,501 reg stered accompany the existing one, the world. TOURISM “Visit Antalya”. In what ways TOTAL NUMBER OF TOURISTS: 6,425,835 (2016) do you think Antalya draws What can you tell us about the TOURIST BREAKDOWN PER ORIGIN OF COUNTRY: incentive systems employed to 33.87 % Germany, 9.66 % Ukra ne, 8.27 % attention from investors, Russ a, 5.89 % The Netherlands, 5.81 % England, particularly with regards to its make Antalya more attractive 3.11 % Denmark, 2.84 % Israel, 2.47 % Sweden, location and economy? for investment purposes? Do 2.45 % Belg um, 2.11 % Kazakhstan (2016) you have plans to expand the HOTELS: 899 hotels and tour st class Antalya has a great location. scope? accommodat on fac l t es (2015) It has direct fl ights to 50+ cities ACCOMMODATION CAPACITY: 650,000 beds all around the world. İstanbul- Antalya Metropolitan CONGRESSES AND PARTICIPANTS: 42 congresses w th 19,226 part c pants Antalya and Konya-Kayseri fast Municipality will employ a HOTELS UNDER INVESTMENT: 12 new hotels to open n 2017 (S gn f cantly more expected for 2018 due to delayed supply)
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“one stop shop” model to ease the way for potential investors and respond to their needs in a proactive and coordinated manner. It is also important to stress the eforts of the central government; they have worked relentlessly in drafting policies that foster international investment.
There are some large scale transport and logistics initiatives including the Fast Train from Antalya to Cappadocia and the highway to İzmir- Efes. How do you think these projects designed like a “tourism corridor” will work to contribute to Antalya’s potential as a tourist destination? the accessibility of Antalya ease the traic density, with These are projects via land, and will surely construction costs in the undertaken by the central have a positive impact on range of TRL 10-35 mln. government with much efort the vitality of commercial Apart from these and determination. We hope activities among and in these undertakings, we have in that they will be complete areas. We expect a surge in Antalya a 121-decares, child in time for the centennial incoming packaged tours and and flower themed EXPO anniversary of the republic, a further diversiication of the site and 18 km long railway in 2023. destination portfolio when project to connect airport These projects are these projects are complete. to the city center. Average instrumental in enhancing per km cost of the planned Antalya is a such a beautiful railway is TRL 13-14 mln. city with so many hidden gems to discover. What steps You describe Antalya do you take in order to ensure as the city of opportunity inner city accessibility for all? for real estate. Could you please elaborate on these In our ever growing opportunities? and populated city, a well- planned and functioning On a comparative basis public transport is among with other frequently visited our top targets. We have cities in the world, Antalya still built multi layer junctions to has very low prices per m2.
28 popular city in Turkey for real estate purchases of overseas nationals, following İstanbul. REAL ESTATE CONCENTRATION AREAS FOR COMMERCIAL UNITS: We know that urban Ex st ng bu ld ng stock mostly n c ty center and d str cts of Konyaaltı, Muratpaşa and Kepez transformation is high up UP AND COMING AREAS FOR COMMERCIAL UNIT INVESTMENTS: on your list of deliverables. Muratpaşa and Kepez d str cts What sort of expectations SHOPPING MALLS: do you have of these 14 malls n the c ty, w th reta l leas ng space of transformative changes? 329,202 m2. Of these, 8 are n c ty center w th total reta l leas ng space of 246,500 m2 In your opinion, how will CONCENTRATION AREAS FOR SHOPPING MALL INVESTMENTS: the city benefi t from urban 48 % Muratpaşa, 40 % Kepez, 12 % Konyaaltı. transformation? SHOPPING MALLS UNDER INVESTMENT: 3 Malls w th total reta l leas ng space of 85,500 m2 High quality buildings HOSPITALS: 18 publ c, 29 pr vate hosp tals and communal areas will HOSPITALS UNDER INVESTMENT: 5 publ c hosp tals restore the vitality of city CONCENTRATION AREAS FOR HOSPITAL INVESTMENTS: life and enhance quality of Muratpaşa, Kepez, Konyaaltı d str cts life for the residents. Risky REAL ESTATE SALES TO FOREIGN NATIONALS: buildings will be taken down 2,151 res dent al un ts (H1 2016) REAL ESTATE COMPANIES: 6,236 (2017) and replaced with new, UP AND COMING AREAS FOR REAL ESTATE INVESTMENTS: safe and reliable units in Kepez, Boğaçayı, Konyaaltı, Döşemealtı d str cts “New Kepez Santral” area, NEW TRENDS IN REAL ESTATE: Urban transformat on adherent to strict health and cont nue full force n Antalya. Accord ngly, safety standards. This project t s expected that nvestments n branded will entail 1.2 mln m2 for res dent al projects w ll be on the ncrease 2 go ng forward. Th s w ll mean that c ty w ll residential and 600 km for fl our sh w th the urban transformat on projects commercial use, with 6000 n Boğaçayı, Kepez Balbey, Lala Cru se Port and Konyaaltı Seashore and as such present mmense potent al for real estate nvestors by way of cap tal ga ns through low m2 pr ces.
Of ering a comfortable life units to be transformed in with its nature and pleasant Phase 1 and total size of the weather, Antalya also features project will exceed 12 k units. many historical and natural Calls for bids from local and beauties. As a result of this international investors will wonderful combination, be sent out during various Antalya is the second most phases of the project.
29 FOCUS ON TURKEY MIPIM Palais des Festivals, Cannes, France
VISIT ANTALYA METROPOLITAN ANTALYA MUNICIPALITY BOOTH AT ANTALYA EXPANDS R8.D24 ITS OFFER
MANY OPPORTUNITIES investors. Antalya is one of LARGE SCALE IN AGRICULTURE, the most rapidly developing TRANSPORT PROJECTS INDUSTRIAL ACTIVITIES cities in whole of Europe and MAKE THE CITY MORE AND COMMERCE Mediterranean, with a stable ATTRACTIVE “We want to make Antalya economy and a high growth “Antalya is a great city for visible in the top ranks of the potential, ofering opportunities investing as it provides a unique world investment league, and in a wide array of areas combination of nature, mild our participation at MIPIM including tourism, agriculture, climate, ease of living, it ofers is yet another initiative to industrial activities and historical and cultural richness draw attention of potential commerce.” as well as a quality life standard
30 INVESTMENT OPPORTUNITIES LEADING SECTORS AND OPPORTUNITIES: URBAN TRANSFORMATION: Real estate opportun t es n Kepez and Balbey areas TOURISM: Opportun t es n health, mar ne, yacht ng and cru se, congress, golf, r ver raft ng and mounta n valley tour sm and related act v t es. and rewarding jobs overall. To This situation manifests itself with ENERGY: Var ous opportun t es n renewable further complement and as part a rise in demand particularly for energy, solar energy and energy product on at of the regional development new and high quality housing due sol d waste recycl ng fac l t es plans, the central government has to higher wages of the qualii ed ADVANTEGEOUS AREAS, undertaken large scale transport work force. 50 k residential PROJECTS AND OPPORTUNITIES: and logistics initiatives including units are sold Antalya in an KEPEZ AND BALBEY AREAS: Urban transformat on creates a very dynam c and favorable the Fast Train from Antalya to average year. We have introduced env ronment for nvestment. Cappadocia and the highway to large scale housing projects to BOĞAÇAYI PROJECT: Rehab l tat on of the bas n İzmir- Efes.” respond to this demand in an allows for new l v ng spaces and commerc al environmentally friendly and land that w ll be made ava lable for the use of mov e ndustry as a f lm plateau. ANTALYA IS NOT FOR modern way.” LARA CRUISE PORT PROJECT: Th s project a ms HOLIDAYMAKERS ONLY, to make Antalya a center of appeal for h gh IT IS ALSO THE PLACE FORWARD LOOKING prof le and upper segment tour sts. TO BE FOR INVESTMENT STEPS FOR GREEN KONYAALTI SEASHORE PROJECT: A world class l v ng “Antalya is well known as INDUSTRIES concept w ll be o ered n Konyaaltı, for a a tourist destination but we “We want to accelerate the better, greener and smarter l v ng n one of the best shore l nes of the world. would also like to highlight its uptake of promising green TÜNEKTEPE: A lovely h lltop n Antalya, Tünektepe potential as a city of investment. solutions in industrial sector in s set to be yet another tour st appeal for The driving force behind this Antalya. An environmentally- Antalya w th a cable car showcas ng the best of remarkable potential is the friendly, sustainable, high everyth ng that the valleys can o er. rapidly developing Boğaçay quality, high value added INVESTMENT INCENTIVE SYSTEM: Marina Project, as well as other and technologically advanced F nanc al ncent ves amount ng from TRL strategic and multi billion lira approach is vital for us as 1,000,000 to TRL 10,000,000 n 50 sectors. investments like Antalya Film tourism, trade and agriculture COOPERATING PARTIES: are our main sources of income Antalya Metropol tan Mun c pal ty, Antalya Plateau, Cruise Port, Konyaaltı Commerc al Exchange, Antalya Chamber of Seashore Rejuvenation and Kepez and we need to be considerate.” Commerce and Industry Urban Transformation Projects.”
MORE THAN 50 K RESIDENTIAL UNITS SOLD EACH YEAR: “Antalya is one of the most rapidly developing provinces in Turkey. It is a net migration receiving city and population increases 3 % on an annual basis (excluding second home owners.)
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Many more reasons to invest in İSTANBUL
resident of İstanbul Chamber of projects like Kanal İstanbul, Marmaray, Yavuz Commerce ‘ICOC’, İbrahim Çağlar Sultan Selim Bridge, Eurasia Tunnel, 3rd used Napoleon Bonaparte’s famous Airport, and the 3-Story Great İstanbul Tunnel. quote: “If the whole World were a Recently announced citizenship by Psingle state, İstanbul would be its capital. That investment program further enhances the who rules İstanbul, rules the World.” İstanbul city’s charm as a great place to live, in the has undergone many changes since the day, yet words of İbrahim Çağlar. ICOC President preserved its signii cance. İbrahim Çağlar shared his With one foot in the East insights on the opportunities and the other in the West, of ered, at the magnii cent, İstanbul is the perfect 685 m2 İstanbul Pavilion at city location connecting MIPIM 2017 and highlighted: to 57 dif erent countries “This city is the heart beat of with a 4-hour fl ight. It is global economy, and invites a mesmerizing city with international investors with a USD 400 bln economy, the projects of the future, it 15 mln residents, a young is a call for value and proi t.” population, a dynamic Here are some excerpts from urban transformation Mr. Çağlar’s insight for our climate and its many mega magazine:
32 Esteemed President; in İstanbul has USD 200 bln and service sector activities in terms of its role and trade volume, corresponding neighboring towns. İstanbul signifi cance, how do you see to more than 50 % of the and its hinterland, form a İstanbul, from a local and country’s total. Total size of crossroads of all bridges international perspective? İstanbul’s economy is USD extending from Turkey to the 400 bln. We have 5000 new rest of the world. member applications to our I see İstanbul as a city of Chamber every year, these are opportunities that invites companies that have overseas international investors to shareholders. realize these opportunities. Added to this of course are the dynamism of its 15 What impact do you think mln residents, high level of the mega projects like Kanal
MIPIM Palais Des Festivals-C14 infrastructure investments, İstanbul, Marmaray, Yavuz and logistical advantages. All Sultan Selim Bridge, Eurasia together, they make a great Tunnel, 3rd Airport, 3-Story city at global scale to invest in. Great İstanbul Tunnel and İstanbul Finance Center will have on İstanbul’s future?
Napoleon Bonaparte once Spanning two said: “If the whole World continents with a beautiful were a single state, İstanbul strait right through it, would be its capital. That İstanbul is a unique city. It is who rules İstanbul, rules the the i nancial capital of Turkey. World.” İstanbul has always It plays a major role as the been the gem as such and country’s bridge to outside continues to be the center of world, providing a splendid attraction for dwellers and medley of the talent, skills, investors both locally and i nancial and technological internationally. Real estate sources of the country it Of course this strength market is very dynamic, is representing. It has a extends beyond the with many international strategic and geographical city borders, in a way names setting up shop in the advantage, connecting to that encompasses the city and our native names leading markets with 1-2 manufacturing, agricultural proudly representing Turkey hour fl ights. It is the engine of the country with a fast pace of growth, and deepening global connections. It has been on world stage as a leading city not only for its historically and culturally rich heritage, but also with its strong economy.
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in major projects overseas. complete, it will be a new Esenler, Bağcılar, Gaziosman- İstanbul has been the home maritime line from north to paşa are forerunners of urban of many examples of leading south of the city with a total transformation on the European engineering works. Total investment amount of USD side. There is a TOKİ project size of the mega projects, 10 bln. planned for Eyüp. Ef orts completed and under in Beylikdüzü are gaining construction, is close to USD İstanbul draws much attention momentum. 100 bln and these all play an with the ongoing and planned On the Asian side, there is important role in fuelling urban transformation. Which a lot going on Pendik, Tuzla growth of the city, and as such parts of the city are being and Kadıköy, followed by should continue full steam. transformed? How will Üsküdar. Marmaray and Eurasia the city benefi t from these I think the northern Tunnels connect the two ef orts? And what potential axes of İstanbul will be the continents under the sea. 3rd is out there for international new main pillars of urban Airport is set to be the third investors? transformation on the largest in the world with an European side, with mega estimated 150 mln passenger Urban transformation aims projects like Yavuz Sultan trai c. The 3rd bridge is already to rejuvenate the country and Selim Bridge, 3rd Airport and operational. When connecting create new building stock that Northern Marmara Highway roads are complete, there allows for safe, reliable and setting the direction for will be an uninterrupted earthquake-resistant housing. transformation. Considering and trai c-free logistics line Total building stock that will the potential value and between Asia and Europe. be renewed is roughly 50 % opportunity for high yields in Kanal İstanbul project of existing inventory, most of these and neighboring areas, works are ongoing. When which is based in İstanbul. it would be realistic to say
34 middle to high technology products to benei t from state assistance and incentives. İstanbul is not a designated investment area within this framework however there are areas of interest within scope nearby İstanbul in the so-called Zone 1 of the program. “Project based State Assistance Program” has that these areas will likely been initiated with the be an investment hotspot in recently approved legislation the very near future, both for to attract large scale foreign local and international names. direct investment. Within this program, projects with İstanbul is such a charming a minimum investment city. What kind of incentive value of USD 100 mln will be investment. Foreign mechanisms are being supported. nationals can obtain Turkish employed to further enhance citizenship under with a the city’s appeal? i xed capital investment of USD 2 million or real estate Central government is investment of USD 1 million doing a lot to attract foreign minimum”. Citizenship will investment for both the also be possible for investors country and İstanbul. We creating jobs for 100+ people can analyze this under or for Turkish government two headings: 1. Priority bond investment of investment areas like logistics, minimum USD 3 mln to biotechnology, aviation and hold for 3 years”. energy will benei t most from These ef orts are further these incentives and state exacerbated by grants to contributions. Recently initiated SMEs and exporters as well 2. “Investment areas that “citizenship by investment” as assistance programs benei t from sub sector State program is yet another for R&D, innovation and Assistance” will allow for initiative to boost foreign technology based activities.
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İSTANBUL And Its Opportunities Will Meet Investors in The 685 m2 İstanbul Pavilion
An Istanbul Dream at “We will explain to potential present itself as the hub and MIPIM 2017 investors the most proitable bridge that connects 57 countries İstanbul will be at MIPIM and attractive way of living in with a mere 4-hour light. It 2017 with the “Two Continents İstanbul, i.e. by purchasing real also has a very attractive ofer: One City” themed İstanbul estate in the city. We will invite overseas buyers who spend USD Pavilion. 685 m2 İstanbul Real investors to İstanbul, to live the 1 mln+ for property purchase Estate Pavilion is located in İstanbul Dream, in this beautiful in Turkey will be granted the most prestigious sea shore city across two continents and citizenship, allowing them to strip of MIPIM, also hosting the the only city in the world with fully enjoy the perks of İstanbul inancial capitals like Paris and the sea streaming through it.” as a true local. London. The Pavilion will ofer Çağlar said: “We have breathtaking views of the beautiful signiicantly enhanced İstanbul’s Turkish Citizenship via Bosphorus strait of İstanbul, image in the past two years with USD 1 mln real estate connecting the two continents. our İstanbul Pavilion eforts. investment Visitors from 90 countries will MIPIM’s long time visitors now İbrahim Çağlar highlighted be mesmerized with the unique have this wonderful image in that overseas buyers who spend views from the city of İstanbul, their hearts and minds, and now USD 1million+ for property bejeweled by a splendid selection is the time to reap the beneits by purchase in Turkey will be of mega projects, and will signing new contracts.” granted Turkish citizenship and have a chance to get irst hand added: “İstanbul continues to information and details. President of İstanbul Chamber be a very attractive location for President of İstanbul Chamber of of Commerce, İbrahim Çağlar real estate investment thanks to Commerce, İbrahim Çağlar said: highlighted that İstanbul will the low price per m2 and ofers many advantages. It is never too late to invest in İstanbul: A residential or commercial real estate purchase in İstanbul has dual return potential for the global investor – on one hand the signiicant return in capital gains and on the other the opportunity to obtain Turkish citizenship through your real estate purchase, by way of the recently efected legislation.”
36 GENERAL DIRECTOR OF EMLAK KONUT REIT INC. MURAT KURUM
TURKEY’S LARGEST REAL ESTATE INVESTMENT COMPANY EMLAK KONUT, AIMS TO SELL 9900 UNITS IN ITS PROJECTS AND REACH 453 MLN EUROS NET PROFIT IN 2017
Emlak Konut, Turkey’s Emlak Konut has completed a largest real estate investment successful year of 2016 with company by its market value a total estimated sales value and the size of the land bank of 1,62 billion Euros and a total sellable area of 1,3 million m2 & projects, continues to build minimum guaranteed Company and total sales value of 2 billion the most innovative projects share of 574 million Euros in 7 Euros for all units in its ongoing of Turkey and af ects whole revenue sharing model tenders. and pipeline projects in 2017. of Turkey. Its brand value is The Company owns 9,9 million Emlak Konut REIC expects a net based on more than 60 years square meters of untendered proi t of 453 million Euros for the of experience and completed land plots in value of 1,38 same year as well. numerous projects with success. billion Euros in their portfolio So far, Emlak Konut REIC has high expectations for 2017. Emlak Konut REIC steps to the has i nalized approximate future with strong determination 127.000 units’ tender during Emlak Konut REIC growing and increasing momentum under 14-year period since 2003. with the public of ers further its people-oriented corporate Since its establishment up to strengthened its place among philosophy since its foundation. date, the Company leads to Turkey’s most powerful companies It approaches to the goal of use environment conscious with 957 million Euros paid- becoming a proudly referred technology in its all projects in capital. Emlak Konut REIC global player for this country and breaks new ground. targets to reach an approximate day by day.
37 38 MAYOR OF BEYOĞLU, AHMET MISBAH DEMIRCAN
BEYOĞLU Welcomes International Investors With 6 Major Projects To Build Its Future
eyoğlu has long been Ahmet Misbah Demircan puts heritage. With investment a medley of religions it; diversity allows a rich culture, value in the range of TRL 850 and cultures, and and acts as a platform to foster mln to 4.5 bln each, these 6 proved itself as a great fl ourishing new ideas. major projects, developed by Bexample of an interfaith and Beyoğlu reinvents itself an experienced team led by intercultural neighborhood that with the strength of its the Mayor of Beyoğlu, Ahmet welcomes a dialogue among glorious past, and walks to Misbah Demircan, will realize civilizations not only for İstanbul its future with a coni dence total of USD 10 bln investment but also on a national and global that is deeply connected to in the next 3 years. The most scale. As Mayor of Beyoğlu, its diverse fabric and rich prominent of the Beyoğlu
39 4040 development ef orts include connotations that might have Galataport; with living spaces been formed in people’s minds around two marinas, Haliçport, due to recent events. In the with three 5-star hotels, Taksim words of Mayor Demircan; 360 Project; positioned at the “We have shown that we have very well known Tarlabaşı area full coni dence in the potential of Beyoğlu and projected to 35 investors working in the and future of our country, and have a mix of hotels, shopping related localities. Showcasing we invite all individual and corporate investors to İstanbul and to its trademark district, Beyoğlu.” Mayor Demircan kindly shared with us his insights and elaborated on the details of a series of redevelopment projects to realize a total of USD 10 bln investment in the next 3 years...
Dear Mayor, Beyoğlu is the most dynamic district in İstanbul in terms of urban tranformation, you call it the “Grand Transformation”. Could you please detail the projects malls, oi ce buildings and Galataport, Haliçport, Taksim within scope of the “Grand residential units, Piyalepaşa; 360, Piyalepaşa İstanbul, Sütlüce Transformation”? a great example of mixed- Örnektepe and Okmeydanı use development that blends projects to meet their potential There is a large scale residential and commercial units, global investors at MIPIM transformation in Beyoğlu serviced apartments, hotels, and 2017, Mayor Demircan and BIG with some major projects. This a high street. These projects are highlight how these ef orts will transformation aims to conserve all designed to tap Beyoğlu’s full accelerate the uptake of İstanbul’s the diversity of the district, as it is potential and help “transform” promotion activities by way part of our heritage and identity, it into a cleaner, safer, more of promising solutions right yet take a step forward to ensure attractive and inviting district from the heart of the city. These we have a strong future. It is with a sense of pride. The City’s ef orts are also instrumental a major redevelopment push push to revitalize Beyoğlu in eliminating the negative to respond to the needs and includes redevelopment ef orts for the vast pieces of land in Okmeydanı and Sütlüce Örnektepe. Spearheaded by Mayor Ahmet Misbah Demircan, these two projects are undertaken by the Beyoğlu Investors Group (BIG), which is an umbrella organization bringing together
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way of opening branches here, and more real estate businesses would set up shop. We have a fantastic range of hotels in Beyoğlu operated by leading international chains– and the number is set to increase.
Beyoğlu attracts considerable attention and is a popular choice expectations of our residents. Beyoğlu is on the move, with for overseas nationals considering Beyoğlu is home to major a vibrant new Beyoğlu rapidly to buy property in Turkey. How urban transformation projects taking shape. We continue our will the urban renewal and like Galataport, Haliçport, eforts for Beyoğlu’s resurgence transformation projects efect this Taksim 360 Project, Okmeydanı, through the adaptive reuse popularity do you think? Piyalepaşa İstanbul and Sütlüce of underutilized properties, Örnektepe. Each of these infrastructure improvements, Turkey has been receiving projects create value for the increasing district’s residential considerable attention in the district. We are very careful to base, ofering social advantages recent years, there is particular preserve the soul of our cities, for the residents, shining on interest for branded projects from and want to recreate the vibrant the arts and culture, as well as Gulf nationals and businesses neighborhoods that thrive, providing tools, and business wanting to purchase property complete with their mosques, assistance ensuring positive here in Turkey. The Law of schools and health facilities. impact on economic indicators Reciprocity allows for nationals Despite all unfortunate and accelerate growth. We also of foreign countries to purchase events, we are conident. We want to maintain the character property in Turkey and for have a strong pipeline with USD and feel of Beyoğlu, pay homage Turkish nationals to buy real 10 bln worth of investment to be to its rich historical heritage. estate in those countries. This complete within the next 3 years. Our target is to make Beyoğlu is further complemented with These new developments have shine; shine in such a way that the citizenship by investment generated over 110,000 new no tourist leaves the country program, those who purchase real jobs, increasing our registered without seeing Beyoğlu. This estate above a certain amount will workforce from 80,000 to over is a winning picture I am be entitled to apply for Turkish 190,000 workers in twelve years. depicting - international inance citizenship. While İstanbul has companies would want to be always been in demand, research When the “Grand part of this win-win economy by shows that Gulf investors Transformation” is complete, particularly prefer to be close to how will Beyoğlu’s new the heart of the city, i.e. Taksim silhoutte shape up? And what area. Upon succesful completion sort of opportunities does the of works under construction, this “Grand Transformation” pose demand is set to further surge. for international investors? Beyoğlu has such a special appeal In essence, change and for tourists. Do you have any transformation are never ending. plans to boost the area and its In terms of urban renewal, tourism potential?
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BEYOĞLU IS REBORN The thriving social and cultural facilities built above the Roman WITH NEW PROJECTS life is part of Beyoğlu’s DNA; Gardens is spectacular. Mayor of Beyoğlu, Ahmet M sbah Dem rcan leads the Beyoğlu it is part of our identity. It has In terms of projects in progress, Investors Group (BIG), an umbrella organ zat on that br ngs immense economic value for our I should probably also mention together 35 nvestors and coord nates the urban transformat on efforts n Beyoğlu d str ct. BIG projects cover not only İstanbul district as well the whole country, Madame Tussauds, which we but also the whole country w th groundbreak ng examples of therefore the arts, culture and expect to have a very positive urban transformat on, among wh ch we can c te Galataport Project, Taks m 360 Project, Hal çport Project, P yalepaşa tourism sectors are extremely ef ect on our tourism appeal. İstanbul, Okmeydanı Project, Sütlüce Örnektepe Project; p oneer ng projects that are also showcased n MIPIM, to important and dear to our heart. Grand Pera stands at the heart complement the promot on efforts of İstanbul. We have boosted Beyoğlu’s of Beyoğlu, on İstiklal Street. It is GALATAPORT PROJECT: TRL 4.5 BLN INVESTMENT tourism of ering by adding a new generation lifestyle center AND 7 MLN VISITOR CAPACITY GALATAPORT, the only 40,000 new beds and 11,000 new where one can i nd anything cru se port n İstanbul el g ble to be des gnated as tour st class, has space allocated for 200 stores, food and beverage facilities in the last 10 years. and everything from cultural outlets (47,000 m2), o ces (43,000 m2) and port term nals Narmanlı Han in Tünel activities, arts, entertainment, (20,000 m2) on a total of 375,000 m2 land. The TRL 4.5 bln project a ms to attract 7 mln v s tors and 3 mln cru se Square is an exciting project for fashion and gastronomy. Grand passengers per year. many reasons and has so much Pera, or Cercle d’Orient as it was Galataport w ll prov de 5,000 jobs dur ng construct on and added value for tourism: Built in known historically, will also be 4,500 employment dur ng the operat on per od. the i rst half of 19th century, the the home to 800-seat Emek Movie TAKSİM 360 PROJECT: USD 500 MLN INVESTMENT iconic Narmanlı Han witnessed Theater, with 1,250 m2 foyer area, FOR A NEW AND AMBITIOUS LIFE Taks m 360 Urban Renovat on Project s a p ece of fresh a r for Beyoğlu, open ng the gates to a new and assert ve l fe. Undertaken by Gap Construct on and Çalık Real Estate under leadersh p of Beyoğlu Mun c pal ty, the USD 500 mln project on 20,000 m2 land w ll accommodate a m x of 952 res dent al and commerc al un ts, a bout que hotel, and var ous bed and breakfast fac l t es n 9 blocks. Pr ce per m2 s USD 7,500. HALİÇPORT PROJECT: MARINA AND HOTEL INVESTMENT s set to open Beyoğlu to tour sm w th TRL 850 mln nvestment. Hal çport w ll enta l 2 mar nas w th capac ty for 70 boats each, 3 p ers and three 5-star hotels, planned to have 100, 200 and 1,400 beds respect vely, to be operated by nternat onal hotel cha ns. many events during its 170 capacity of 1,400 people and total PİYALEPAŞA İSTANBUL: USD 800 MLN INVESTMENT years of existence. Its currently of 8 halls. It will be a major center FOR A BRAND NEW LIFE comes al ve w th USD 800 mln ongoing renovation is expected of attraction for İstanbul and USD nvestment. Descr bed as the f rst and b ggest urban transformat on project to be real zed by pr vate sector, to i nish soon, and the glory of Turkey alike. Madame Tussauds P yalepaşa has total land of 82 decare land. Construct on of this iconic building will be there Museum will also be based within the project w ll be undertaken by P yalepaşa Real Estate. The m xed-use development s slated to nclude res dent al un ts, to be seen and experienced. Grand Pera. Of ering a wide range serv ced apartments, o ce space, hotel and a h gh street We have invested heavily in of activities, Grand Pera will be for shopp ng. It w ll feature 760 res dent al un ts rang ng between 55 m2-207 m2 and 190 serv ced apartments. Cihangir, a locality of signii cance reinvigorating the spirit of Beyoğlu, for residents and tourists alike. for it to be once again the national OKMEYDANI PROJECT: ONTO A MODERN LIFE was a h gh r sk area, s m lar to Örnektepe. Planned construct on We still have some more work and international stage of honor 2 of 4,250,000 m w ll be undertaken on a 123.5-hectare land. to do in Cihangir but have so far to host the best examples of local Planned occup ed space s 2,850,000 m2, 1,750,000 m2 w ll be d str buted to shareholders and the rest w ll be for the use completed our landscaping project and international art in line with of nvestor. The project s the largest of ts k nd n Turkey. and in my opinion the social contemporary standards. SÜTLÜCE ÖRNEKTEPE PROJECT: A MODEL PROJECT 35 MEMBERS OF BIG AT MIPIM WITH 47 PROJECTS s a p lot project of Mun c pal ty of Beyoğlu n partnersh p w th TOKİ. After Örnektepe was declared a h gh r sk zone, Beyoğlu Investors Group (BIG) w ll be at MIPIM 2017 showcas ng 47 projects, as the umbrella organ zat on under the an earthquake safe project was des gned to redevelop the leadersh p of Mun c pal ty of Beyoğlu, and represent ng ts 35 member compan es nvest ng n Beyoğlu. 35 member 2.5-hectare land n var ous stages. Stage 1 w ll nvolve park ng compan es creat ng value for Beyoğlu are as follows: Akdağlar, Akfen, Ak-Ka, Akkanat, Ampl o, Arkon İnşaat, B lg l lots, plant room, and shelters on total construct on area of 70,424 Hold ng, Berkolon, Cher Hotel, C ner Hold ng, CVK, Çalık Gayr menkul, Ege Yapı, Ekş oğlu, Erkul, Esta Construct on, F taş, m2, 34,284 m2 of wh ch w ll be occup ed. Wh le 25,491 m2 w ll be Global Gayr menkul, Hal çport, İpek İnşaat, Kap tal, K ptaş, Krea Gayr menkul, Maksem, Metropol tan, Meydanbey, Nar d str buted to shareholders, the rest w ll belong to the nvestor. Yatırım, Naz Otel, Nef Gayr menkul, Ofton İnşaat, Özak GYO, Polat Hold ng, Pol meks, Seba İnşaat and TOKİ.
44 45 FOCUS ON TURKEY MIPIM Palais des Festivals, Cannes, France
46 FOCUS ON TURKEY MIPIM Palais des Festivals, Cannes, France
WHO IS GYODER?
GYODER – Field of activities Real Estate Feasibility, etc.) ❙ Publishes monthly “New ❙ Turkish Real Estate Summits: Home Price Indices” in organized annually by cooperation with REIDIN GYODER since 2000, have ❙ Publishes quarterly “Real become the sector’s traditional Estate Reports” meeting and idea sharing ❙ Research Reports and events with their international Publications participants. ❙ Press Meetings ❙ Developing Cities Summit GYODER (The Association (Bursa, Konya, Gaziantep, Members’ profi le of Real Estate and Real Estate İzmir, Samsun, Kayseri, more than 270 members Investment Companies) Balıkesir): Presenting GYODER is “the Association investment opportunities in ❙ REIT’s, Project Developers, of Real Estate and Real Estate developing cities in Turkey to Construction, Architecture, Investment Companies” was both national and international Contractors, Consultancy, established in 1999 for the real estateprofessionals Appraisers, Banking, Finance, purpose of encouraging the GYODER also organizes Insurance, Retail, Service, Law, development of the real estate ‘Developing Cities Summit’. Media, Investors industry in Turkey. ❙ Conferences (Housing Finance GYODER has more than and Turkey, Becoming a REIT, GYODER Committees 270 members ranging from etc.) project developers, consulting ❙ Road Show (London) was held ❙ International Relations companies, REICs to appraisers, on November 2012. Committee and constructing companies. ❙ International Events ❙ Event, Organization and It aims to foster real estate (Cityscape Global Dubai, Membership Development standards, supports for the MIPIM, Expo Qatar by Committee growth of the real estate sector, Turkey) ❙ Education and Publication generates cooperation between ❙ GYODER Academy: Committee all local authorities, relevant Organises the i rst MBA in ❙ Law, Legislation and Sectoral state bodies, private institutions Real Estate Programme in Knowledge Production & academics, contributes to the Turkey and Educational Committee improvement of the legislation Programmes like The ❙ Real Estate Research and regulating the real estate sector Approaches on the Process Report Production Committee “such as Law on the protection of Urban Transformation, ❙ Sustainability and Green of the consumer, zoning plans, Renovation and the Mega Buildings Committee communique on REICs, VAT Projects, International Green ❙ Tourism and Tourism Law, Corporate Tax Law.” Building Certii cation Systems, Investments Committee
• P: +90 212 282 53 65 • E: [email protected] • W: www.gyoder.org.tr
47 FOCUS ON TURKEY MIPIM Palais des Festivals, Cannes, France
LEADING INVESTMENT AND DEVELOPMENT MANAGER OF COMMERCIAL REAL
ANTHONY KHOI ESTATE IN TURKEY President & Ceo Of Aerium Turkey AND EUROPE
Founded in 2003, ÆRIUM is for long-term institutional “A key factor behind an independent pan-European investors. Ærium’s success is ‘thinking real estate investment During the last decade, global, acting local and manager, headquartered in Ærium has achieved an executing strategy with Luxembourg, with oices exceptional track record and highest quality. We are in London, Paris, Geneva, has found unrivalled success looking for more regional Frankfurt, Milan, Stockholm in managing and developing speciicity and less global and İstanbul. its portfolio of properties uniformity’”, says Mr. With over €5 billion under through proactive asset Anthony Khoi, President and management throughout management strategies. CEO of Ærium Turkey. Europe and Turkey, ÆRIUM In 2005, Ærium became one With a 25 years history of ranks amongst the leading of the irst foreign investors to generating growth, Ærium independent platforms in purchase Turkish commercial has proven it is not only a Europe. properties. In 2016, Ærium market pioneer, but also a ÆRIUM has launched 16 Turkey’s asset value leader and expert in Turkey’s closed-ended funds since represents over €700 million shopping center sector. 2003, and also manages in property. separate account mandates
48 AERIUM TURKEY REAL ESTATE PROPERTY INVESTMENT
Date of Foundation 2003
ANTHONY KHOI President & Ceo Of Aerium Turkey
YAĞMUR YAŞAR CFO of Aerium Turkey
Awards • Global RLI Awards: Highly Commended on “Future Projects ” for Park City Ankara Shopping Center, in 2016 • Hermes Awards for CarrefourSA İçerenköy ANKARA PARK CITY SHOPPING CENTER Shopping Center, in 2016 • Stevie Awards for CarrefourSA İçerenköy Shopping Center, in 2016 • European Property Awards: “Best Retail Development” and “Commercial Redevelopment/Renovation” Awards for Palm City Mersin Shopping Center, in 2015 • Global RLI Awards: “Best Future Project ” for Town Center İzmit in 2014 OUR PORTFOLIO IN TURKEY • RLI Special Jury Award: “Best Worldwide Shopping Center Renovation” for Palm City Mersin Shopping Center, in 2013 Existing centers • Real Estate Europe Magazine Awards: “Visionary Developer of the Year in Europe” • CarrefourSA Icerenkoy Shopping Center in 2012 • CarrefourSA Bursa Shopping Center Employees Number • Palm City Mersin Shopping Center 100 • Batıkent Galleria Shopping Center Contact At MIPIM • CarrefourSA İzmit Shopping Center ANTHONY KHOI [email protected] • CarrefourSA Haramidere Shopping Center Phone At MIPIM +33 609 769 829 Future projects under development ÆRIUM Turkey • Bursa Nil City A. Terrace Fulya Center 2 D: 40 Hakkı Yeten Caddesi Teşvikiye 34365 Şişli İstanbul, TURKEY • Ankara Park City P. +90 212 215 50 95 • İzmit Town Center ÆRIUM Luxembourg A. 6A, route de Treves L – 2633 Senningerberg, Luxembourg P: +352 26 94 81 1 ÆRIUM United Kingdom A. 49 Grosvenor Street W1K 3HP London, UK P. +44 (0) 207 838 7900 W. www.aerium.com
49 FOCUS ON TURKEY MIPIM Palais des Festivals, Cannes, France
DEVELOPER OF EXCLUSIVE VEDAT AŞCI Chairman of the Board LIFESTYLES
The craddle of many estate developments ofering the Mandarin Oriental civilizations, Turkey, with its the ultime luxury in design, Bosphorus, İstanbul at dynamic market and amazing elements and lifestyle Kuruçeşme, one of Europe’s unique opportunities, has for discerning local and most exclusive addresses become a core destination for international individuals. directly on the Bosphorus the international investors in Some of the projects Astaş is shores, which is planed to every ield. proud to have created at exclusive open in late 2018. İstanbul is an extremely prime locations in İstanbul Further, the company attractive hub for leisure and and Bodrum are as follows: is working on select new business around the region • Kempinski Residences residential and regeneration with its history, natural setting, Astoria İstanbul projects in İstanbul’s most diversiied entertainment and • Bellevue Residences İstanbul prestigious districts and commercial potential. Managed by Kempinski considering prime projects On the other hand, Bodrum • Maçka Residences İstanbul in other key Turkish and on the Agean coast of the Interior Design by Armani/ International locations. country is developing Casa Managed by Kempinski With its 37 years of remarkably fast as the newest • Astoria Oices İstanbul expenrience and strong aluent Mediterranean resort • Astoria Shopping and international ties, Astaş Holding destination. Lifestyle Centre İstanbul is committed to raising the bar Contributing to this growth, • Mandarin Oriental, Bodrum in quality standards, design, in cooperation with superior • The Residences at environmental sustainability, global brands, Astaş Holding Mandarin Oriental, Bodrum comfort and service in new delivers outstanding real Astaş is currently developing pioneering projects.
50 ASTAŞ HOLDING REAL ESTATE DEVELOPMENT, BUSINESS, CONSTRUCTION Date of Foundation 1980
VEDAT AŞCI Chairman of the Board
Completed Projects Kempinski Residences Astoria İstanbul, Bellevue Residences İstanbul Managed THE RESIDENCES AT MANDARIN by Kempinski, Maçka Residences İstanbul Interior Design by Armani/Casa Managed ORIENTAL, BODRUM by Kempinski, Mandarin Oriental Bodrum, The Residences at Mandarin Oriental Bodrum, Astoria Shopping Center İstanbul The Residences at Mandarin Oriental, Bodrum is one of the Mediterranean’s most prestigious resort New Projects under Construction Mandarin Oriental Bosphorus İstanbul properties, forming part of the internationally renowned Mandarin Oriental in Bodrum, a super Awards Condé Nast Traveller UK – Readers’ Travel prime destination often referred to as the new Saint- Awards 2016, World Luxury Spa Awards, Tropez by the international jet-set. LEED Gold Certiication 2016, European Hotel Design Awards – Best New Build Branded and operated by Mandarin Oriental Hotel Architecture 2015, European Hotel Design Group, one of the world’s leading hotel groups, located Awards – Best Spa 2015, Robb Report on a 600,000 sqm waterfront site, with 2.5 kms of – Best of The Best 2015 Award, The shoreline and three private beaches, the development Independent – One of the Recommended welcomes its sophisticated residents and guests at Cennet Beach Holidays 2015 Koyu (Paradise Bay), known for its turquoise sea. Year of Creation Project 2012 The Residences at Mandarin Oriental, Bodrum, Employees Number comprises 96 beautifully designed holiday villas and 2200 116 residences, redeining luxury Mediterranean Latest Revenue lifestyle, combining all the comforts of a private home 1.3 billion $ with the unsurpassed amenities of Mandarin Oriental, indulging guests and home owners with its award- Contact At MIPIM winning services and Spa, ofering variety of amazing TUNCAY AŞCI restaurants and bars with Turkish, Italian, Japanese [email protected] cuisines and many more. Phone At MIPIM +90 (532) 212 24 76 The villas and the residences, designed by world leading architects, have breath-taking views of the A. Büyükdere Cad. No:127 Astoria Kuleleri B Blok K: 25 34394 Esentepe, İstanbul, TURKEY Aegean Sea and are surrounded by ancient olive W. www.astas-holding.com groves and pine trees. The villas, with ininity E. [email protected] pools, range between 560, 640 and 760 sqm and the P. +90 (212) 215 20 20 residences between 204 - 447 sqm.
51 FOCUS ON TURKEY MIPIM Palais des Festivals, Cannes, France
PROVEN SUCCESS IN THE ARTS OF SHOPPING CENTER LEASING AND ANTHONY KHOI President & CEO of CEFIC MANAGEMENT
CEFIC consulting company CEFIC supports its clients FIELDS OF ACTIVITIES is operating in Europe in investment, development, • Leasing and Marketing since 1986 and in Turkey design, leasing, property Management since 1994. The company is and facility management, as • Investment and Project providing service with an well as sales, marketing & Development Consultancy international know-how and promotion of shopping centers • Commercial Real Estate tailored solutions to strongly and commercial properties. Its and Shopping Center support investors, developers deep market knowledge and Management and tenants for the most experience have established • Facility and Security eicient results in growth and CEFIC as the leading expert in Management added value. With its team its ield in Turkey. • Transaction and Investment of 85 professionals, CEFIC Advisory manages over 500,000 sqm CEFIC is highly recognized by GBA of shopping centers the industry with one of the best and commercial properties in track records for accomplished Turkey. achievement during the past 23 years in the Turkish market.
52 CEFIC PROPERTY MANAGEMENT Date of Foundation 1994
ANTHONY KHOI President & CEO of CEFIC
YAĞMUR YAŞAR General Manager of CEFIC
THIERRY ANTONETTI COO of CEFIC
Awards • Global RLI Awards: Highly Commended on “Future Projects” for Park City Ankara Shopping Center, in 2016 CARREFOURSA BURSA SHOPPING CENTER • BID Awards: “Century International Quality Era Award” for Ceic, in 2016 • Hermes Awards for CarrefourSA İçerenköy Shopping Center, in 2016 • Stevie Awards for CarrefourSA İçerenköy Shopping Center, in 2016 • European Property Awards: “Best Retail Development” and “Commercial Redevelopment/Renovation” Awards for OUR PORTFOLIO Palm City Mersin Shopping Center, in 2015 • Global RLI Awards: “Best Future Project ” for Town Center Izmit in 2014 Existing centers • RLI Special Jury Award: “Best Worldwide Shopping Center Renovation” for Palm City • CarrefourSA Icerenkoy Shopping Center Mersin Shopping Center, in 2013 • CarrefourSA Bursa Shopping Center • Real Estate Europe Magazine Awards: “Visionary Developer of the Year in Europe” • Palm City Mersin Shopping Center in 2012 • Batıkent Galleria Shopping Center Employees Number • CarrefourSA İzmit Shopping Center 100 • CarrefourSA Haramidere Shoıpping Center • CarrefourSA Bayrampasa Shopping Center • Van Shopping Center Contact At MIPIM YAĞMUR YAŞAR [email protected] Future openings • Ege Perla Shopping Center Phone At MIPIM +90 (533) 922 32 24 • City Center Esenyurt • Spring Mall
A. Esentepe Mah. Büyükdere Cad. Astoria Projects under development Kuleleri Kat:10 A Blok No: 127 34394 • Bursa Nil City Esentepe, Şişli, İstanbul, TURKEY W. www.ceicturkey.com • Ankara Park City E. [email protected] • İzmit Town Cente P. +90 0212 327 11 40
53 FOCUS ON TURKEY MIPIM Palais des Festivals, Cannes, France
ESAS PROPERTIES FOCUS ON THE INVESTMENT
KAZIM KÖSEOĞLU OPPORTUNITIES IN CEO-Board Member Esas Properties TURKEY AND ABROAD
Esas Properties, founded Holland, right after 6 years employment to almost 8000 in 2009 in order to provide of its establishment. employees in Turkey alone, the most precise service and By making investments and aims to welcome 35 to meet the expectations in real estate projects in million visitors annually. of its customers in the best dif erent i elds and dif erent Esas Properties continues and most professional way geographical regions, the to make new investments, with big investments all company will be controlling create jobs and add value to around the world, started a rentable area of 750.000 m² its stakeholders through new its business by making as of 2018. projects. investments in commercial Esas Properties have 4 With a strong brand real estate projects. Shopping Centers, 3 oi ces value, coni dent investment Until today, Esas and 1 hospital in Turkey. understanding and almost Properties has been In addition, there are 3 500 tenants, the company managing a national and Shopping Center investments closely follows national international real estate in Balikesir, Adana and and international real estate portfolio of 1.5 billion dollar Lüleburgaz, which are in opportunities. in total. construction stage. Esas Properties is one of Esas Properities have The new shopping malls the dynamic and innovative signii cant commercial are scheduled to open in corporations, which real estate company with 2018. focuses on the investment investments in Turkey, UK, Esas Properties, with opportunities in Turkey and USA, Belgium, Germany and new projects, provides abroad.
54 R7.G15
ESAS PROPERTIES PROPERTIES
Date of Foundation 2009
KAZIM KÖSEOĞLU CEO-Board Member Esas Properties
Completed Projects 41 Burda AVM, Esas 67 Burda AVM, Esas ESAS PROPERTIES’ SHOPPING MALL 17 Burda AVM, Esas 14 Burda AVM AND LIVING CENTERS New Projects under Construction Esas 01 Burda AVM, Esas 10 Burda AVM, Esas 39 Burda AVM Esas 01 Burda is a shopping mall located in Adana, Turkey. Esas Properties’ new investment Esas 01 Year of Creation Project Burda has; 15,000 m² shopping area, 4,500 m² dining 2018/2018/2018/2016 area with cafes and restaurants, entertainment center 2015/2015/2015 and cinema complex with 10 movie theather. Employees Number 1800-2000/1500/850 Esas 10 Burda is a shopping mall located in Balikesir, 2500/850/2000/1000 Turkey. Esas 10 Burda has approximately 150 stores, consisting of a diverse range of shopping categories and a full range of brands.
Esas 39 Burda is a shopping mall located in Luleburgaz, Turkey. Esas 39 Burda shopping mall aims to create social life spaces for the people of Luleburgaz.
41 Burda is a shopping mall located in Kocaeli, Turkey. Esas Properties’ investment 41 Burda is the biggest shopping and life center in Kocaeli.
Esas 67 Burda is a shopping mall located in Contact At MIPIM Zonguldak, Turkey. Esas 67 Burda has approximately İREM SABUNCU 62 stores, consisting of a diverse range of shopping [email protected] categories and a full range of brands. Phone At MIPIM Esas 17 Burda is a shopping mall located in +90 (532) 345 23 24 Çanakkale, Turkey. Esas 17 Burda has 2. 000 m² food-court and 700 m² cafe&restaurant area, 1.500 m² electronic market, 6.500 m² fashion stores 2.400 m² hypermarket, 1.750 m² entertainment center and A. Esas Plaza, Rüzgarlıbahçe Mah. Kavak cinema complex with 10 movie theather. Sok No: 29 34805 Kavacık, İstanbul, TURKEY W. www.esasgayrimenkul.com.tr Esas 14 Burda is a shopping mall located in Bolu, E. [email protected] Turkey. Esas 14 Burda is an eco-friendly and energy P. +90 0216 681 85 11 sensitive shopping mall.
55 FOCUS ON TURKEY MIPIM Palais des Festivals, Cannes, France
A QUARTER OF CENTURY WITH THE ENTHUSIASM AND COMMITMENT YILDIRIM GÜRDAL Sales and Marketing Manager OF THE FIRST DAY
Founded by Mustafa Increasing in strength with to the area. Adding pace to Hasanoğlu in 1993, projects successfully completed R&D works and investments HASANOĞLU İNŞAAT for private and public sectors, with these successes, the works in construction starting from its foundation, company continues to realize and improvement works HASANOĞLU İNŞAAT, has “BANUEVLERİ” branded of infrastructure projects, achieved to be one of the leading residences in developing areas residences, oices, universities, companies in its sector with its and various public investments. hospitals and public buildings innovative approach and high Apart from its value adding as one of the key players of technology used in its project. large projects in Turkey, real estate and construction As a result of the R&D HASANOĞLU İNŞAAT industry in its quest to works and investments also continues supporting combine technology of the in the 2000s, where real social responsibility projects future with aesthetics and estate and construction in education, environment, functionality, with strong have rapidly developed, culture, art and health through emphasis on “Quality and it has been an exemplary MUSTAFA HASANOĞLU Trust”. It has signed major company in branding with FOUNDATION. It aims to projects by combining its “BANUEVLERİ” brand. provide more beneits to 25 years of know-how Becoming a symbol of its country and nation with and experience from its Bahçeşehir and the irst project the leading role it assumes professional team and Group of the brand, “BANUEVLERİ in Turkey of the future and Companies with the economic BAHÇEŞEHİR”, the utilizes its resources in line breakthrough of our country. company has added value with this goal.
56 HASANOĞLU İNŞAAT CONSTRUCTION AND REAL ESTATE
Date of Foundation 1993
YILDIRIM GÜRDAL Sales and Marketing Manager
Completed Projects Banuevleri Ispartakule 1, Banuevleri Bahçeşehir, Aydos Türk Evleri, Aydos Kanada Evleri, İgdaş Kartal Hizmet WE CONTINUE TO WORK WITH Binası, İstanbul Büyükşehir Belediyesi THE SAME “EXCITEMENT AND Merter Belediye Sarayı, İgdaş Yeşilköy DISCIPLINE” OF OUR FIRST DAY Hizmet Binası WITH EVERY BRICK WE LAY, WITH New Projects under Construction EACH FLOOR WE COMPLETE AND Banuevleri Ispartakule 2, Banuevleri WITH EACH PROJECT WE REALIZE. Ispartakule 3 Employees Number 50-100 Signing innovative projects in its 25 years in construction industry, HASANOĞLU İNŞAAT continues its BANUEVLERİ branded projects adding value to İstanbul with BANUEVLERİ ISPARTAKULE 2 and BANUEVLERİ ISPARTAKULE 3.
BANUEVLERİ ISPARTAKULE 2, with a total of 51,000 m² contruction area in Ispartakule, which has been a recent center of attraction in İstanbul provides high living strandards with 220 residences in three diferent types in 4 blocks, 17 stores and all social reinforcements within the concept. It is placed among the mega projects of İstanbul with its location; 2 km to Contact At MIPIM TEM highway, 20 km to Northern Marmara highway Ezgi YAMAN and 25 km to 3rd airport of İstanbul. [email protected]
BANUEVLERİ ISPARTAKULE 3 Project, where Phone At MIPIM deliveries continue, consists of irst and only to +90 212 669 84 90-91 provide hobby gardens with its 74 residences each facing south and 15 stores. A. Bahçeşehir 2. Kısım Mah. Banu Yolu We, at HASANOĞLU İNŞAAT continue Concept and Cad. Banu Evleri Sitesi, Firuze Çarşı. 34538 Başakşehir, İstanbul, TURKEY Project Development studies for our new projects W. www.banuevleri.com.tr consisting of luxury villas in Büyükçekmece and E. [email protected] Zekeriyaköy as well as Residence and Commercial P. +90 0212 669 84 90-91 / 444 93 13 Areas in Ispartakule and Bahçekent.
57 FOCUS ON TURKEY MIPIM Palais des Festivals, Cannes, France
MIPIM 2017 TURKEY COMPANY INDEX A HABER ECZACIBASI PROPERTY ISTANBUL MINERAL SABAH NEWSPAPER (+90) 212 300 6666 DEVELOPEMENT AND INVESTMENT CO. EXPORTERS’ ASSOCIATION (+90) 212 354 3000 www.ahaber.com.tr (+90) 212 371 7251 (+90) 212 454 0508 www.sabah.com.tr www.eczacibasi.com.tr www.imib.org.tr AAREAL BANK AG - ISTANBUL BRANCH P-1.H16, P-1.J15 SABRI PASAYIGIT ARCHITECTS (+90) 212 349 0200 EFEKTA ARCHITECTS (+90) 212 252 9005 www.aareal-bank.com (+90) 212 266 5960 ISTANBUL MUNICIPALITY www.spdo.com.tr www.efektanet.com (+90) 212 455 13 00 P-1.M 8, P-1.N 7 ACCORHOTELS P-1.G61 www.ibb.gov.tr (+90) 212 414 3930 SANKO HOLDING www.accorhotels.com EMLAK KONUT REAL ESTATE JLL TURKEY (+90) 212 410 45 00 INVESTMENT COMPANY (+90) 212 350 0800 www.sanko.com.tr AERIUM TURKEY (+90) 216 579 1515 www.jll.com.tr (+90) 212 215 5095 www.emlakkonut.com.tr SARICI CONSULTING www.aerium.com C14 KETENCI&KETENCI ILP (+90) 533 541 1526 (+90) 216 455 80 98 www.sariciconsulting.com AHLATCI GROUP EMLAKTASONDAKIKA.COM www.ketencilaw.com (+90) 364 224 6666 (+90) 212 579 8999 SCHINDLER TURKELI ASANSOR SANAS www.ahlatcigroup.com www.emlaktasondakika.com KOCAELI METROPOLITAN (+90) 212 276 8600 MUNICIPALITY www.schindler.com AK ASSET MANAGEMENT EMLAKWEBTV.COM (+90) 262 318 1643 P-1.B50,P-1.C51 (+90) 212 385 2700 (+90) 216 550 9638 en.kocaeli.bel.tr www.akportfoy.com.tr www.emlakwebtv.com P-1.J10 SYSTEM CONSTRUCTION CO. (+90) 216 314 5870 AKMERKEZ ERIAPARTNERS REAL ESTATE INVESTMENT KONE ASANSOR SANAYI www.system.com.tr (+90) 212 282 0170 (+90) 212 328 4000 VE TICARET A.S. www.akmerkez.com.tr www.eriapartners.com (+90) 216 665 1666 REPUBLIC OF TURKEY, PRIME www.kone.com.tr MINISTRY HOUSING DEVELOPMENT ANADOLU AGENCY ESAS PROPERTIES ADMINISTRATION (TOKİ) (+90) 212 513 1090 (+90) 216 681 8511 KONYA METROPOLITAN (+90) 216 456 848 www.aa.com.tr/en www.esas.com.tr MUNICIPALITY www.toki.gov.tr AND ANADOLU GAYRMENKUL R7.G15 (+90) 332 221 1623 C14 www.konya.bel.tr YATIRIMLARI A.S. ESIN ATTORNEY PARTNERSHIP, BAKER & TABANLIOGLU ARCHITECTS (+90) 216 574 1055 MCKENZIE KUZU GRUP (+90) 212 251 2111 www.anadolugrubu.com.tr (+90) 212) 376 6400 (+90) 212 663 2666 www.tabanlioglu.com C14 www.esin.av.tr www.kuzugrup.com P-1.K51 R7.F28 ANTALYA METROPOLITAN MUNICIPALITY LAL REAL ESTATE APPRAISAL TAMER ASSET MANAGEMENT COMPANY (+90) 242 249 5026 ESKISEHIR METROPOLITAN (+90) 312 236 2610 (+90) 533 037 7031 www.antalya.bel.tr MUNICIPALITY www.laldegerleme.com.tr R8.D24 (+90) 222 211 5526 R7.E68 TASARIM MAGAZINE www.eskisehir.bel.tr (+90) 216 418 3938 APLEONA GVA TURKEY MACE www.tasarimmagazine.com (+90) 212 273 0075 FERKO CONSTRUCTION TOURISM TEXTILE (+90) 549 524 6911 R7.G24 AND TRADING INC. TDUB GAYRMENKUL BLG MERKEZ A.S. MERGEN CONSULTING GROUP (+90) 212 285 4960 AREMAS REAL ESTATE MARKETING SERVICES (+90) 212 327 1736 www.ferko.com.tr (+90) 212 709 9833 www.tdub.org.tr C14 (+90) 212 283 9394 www.mergenconsulting.com www.aremas.net FIBA COMMERCIAL PROPERTIES TEKFEN REAL ESTATE DEVELOPMENT CO. C14 (+90) 212 339 19 00 MINISTRY OF ENVIRONMENT (+90) 212 359 3707 www.fi bacp.com.tr AND URBANIZATION www.tekfen.com.tr ASCIOGLU GROUP (+90) 312 410 1000 (+90) 212 215 5565 GYODER THE ASSOCIATION OF REAL www.csb.gov.tr TEKFEN TOURISM & FACILITY www.ascioglu.com ESTATE AND REAL ESTATE INVESTMENT MANAGEMENT CO. INC. MONDI KALENOBEL (+90) 212 357 0019 ASSAN REAL ESTATE COMPANIES (+90) 212 282 5365 (+90) 212 465 7460 www.tekfen.com.tr (+90) 534 015 5435 www.kalenobel.com.tr P4.B1 www.gyoder.org.tr TOKI (REPUBLIC OF TURKEY PRIME NETWORKING TURKEY MINISTRY HOUSING DEVELOPMENT ASTAS HOLDING GOZLEM GAZETESI (+90) 232 441 5742 (+90) 212 225 4252 (+90) 312 565 2676 (+90) 212 215 2020 www.gayrimenkulturkiye.com www.toki.gov.tr C14 www.astas-holding.com www.gozlemgazetesi.com C14 HALK REAL ESTATE INVESTMENT TRUST NG KUTAHYA SERAMIK TRT-TURKISH RADIO & TELEVISION (+90) 274 225 1209 CORPORATION AVCI ARCHITECTS (+90) 216 600 1033 www.halkgyo.com.tr www.ngkutahyaseramik.com.tr (+90) 312 463 2414 (+90) 212 292 7909 www.trtworld.com www.avciarchitects.com C14 NOVA GROUP HOLDING P-1.E23 HATAY METROPOLITAN MUNICIPALITY (+90) 212 912 1234 TSKB REAL ESTATE (+90) 326 214 9190 www.novagroupholding.com C14 APPRAISAL COMPANY AYD-TURKISH COUNCIL OF SHOPPING (+90) 212 334 50 54 CENTERS www.hatay.bel.tr NUROL REIT P-1.H28 www.tskbgd.com (+90) 212 353 5473 (+90) 212 286 8240 R7.D13 www.ayd.org.tr HERGUNER BILGEN OZEKE ATTORNEY www.nurolreit.com TURKCELL ILETISIM HIZMETLERI A.S BALIKESIR METROPOLITAN MUNICIPALITY PARTNERSHIP ONCUOGLU + ACP ARCHITECTURE (+90) 212 310 1800 (+90) 532 210 2528 (+90) 212 286 3052 (+90) 312 473 0905 www.turkcell.com.tr www.balikesir.bel.tr www.herguner.av.tr www.oncuoglu.com.tr P-1.G51 HILTON TURKISH CERAMICS OTIS ELEVATOR COMPANY PROMOTION GROUP BEMES REAL ESTATE INVESTMENT INC. (+90) 532 505 0164 (+90) 212 323 4411 www.hilton.com.tr (+90) 312 447 2740 (+90) 212 215 2257 www.otis.com www.turkishceramics.com www.bemes.com.tr HMF ASANSOR VE SERVIS OZYAZICI INS. LTD. STI. C19.A SAN. VE TIC. A.S. BEYOGLU INVESTORS GROUP (+90) 212 481 25 23 TURKIYE GAZETESI (+90) 212 444 0495 (+90) 532 525 0462 www.ozyazici.com.tr www.hmf.com.tr (+90) 212 513 9900 www.beyogluisadamlarigrubu.com C14 www.turkiyegazetesi.com.tr R7.C24 HURRIYET PRIME MINISTRY INVESTMENT SUPPORT TURKUVAZ REKLAM BILFINGER REAL ESTATE TURKEY (+90) 212 449 6018 AND PROMOTION AGENCY www.hurriyet.com.tr PAZARLAMA DANS AS (+90) 212 273 0075 (+90) 212 468 69 95 (+90) 212 354 3877 www.realestate-tr.bilfi nger.com İSTANBUL AIRPORT CITY www.invest.gov.tr www.turkuvazreklam.com.tr R7.G24 (+90) 212 601 4100 PROPIN PROPERTY INVESTMENT UNION OF CHAMBERS AND COMMODITY BLOOMBERG HT www.igairport.com CONSULTANCY R7.A 4 EXCHANGES OF TURKEY (+90) 212 313 6000 (+90) 212 217 8555 (+90) 312 218 2020 www.bloomberght.com INSAAT & YATIRIM www.propin.com.tr www.tobb.org.tr BOYTORUN ARCHITECTS (+90) 212 288 6060 PROPLAN PROJECT MANAGEMENT www.insaatyatirim.com WORLD ASSOCIATION OF INVESTMENT (+90) 212 229 4770 & CONSULTANCY TRD. PLC. PROMOTION AGENCIES www.boytorunarch.com INVESTMENT SUPPORT AND (+90) 216 537 0687 (+90) 541 306 9621 P-1.F68 PROMOTION AGENCY OF TURKEY www.proplan-pmc.com www.waipa.or (+90) 212 468 6900 P-1.K72 CELEN GROUP YENISAFAK NEWSLETTER (+90) 212 358 3888 www.invest.gov.tr PWC TURKEY C14 (+90) 212 612 2930 www.celen.com.tr (+90) 212 326 6060 www.yenisafak.com R7.B19 www.pwc.com.tr ISTANBUL CHAMBER OF COMMERCE R7.D30 CENGIZ CONSTRUCTION (+90) 212 455 6000 YPU YAPI PROJE UYGULAMA (+90) 216 554 5300 www.ito.org.tr REIDIN VE TIC. A.Ş. www.cengizholding.com.tr C14 (+90) 212 347 5960 (+90) 444 0978 www.reidin.com www.ypu.com.tr CUSHMAN & WAKEFIELD ISTANBUL IMAR A.S. (+90) 212 334 7800 (+90) 212 274 1946 RONESANS GAYRIMENKUL YATIRIM A.S. ZORLU YAPI YATIRIM www.cushmanwakefi eld.com.tr www.imaristanbul.com (+90) 216 430 6000 (+90) 212 336 9160 R7.G 9 C14 www.rgy.com.tr www.zorlu.com.tr
58 ADVERTORIAL
59 FOCUS ON TURKEY MIPIM Palais des Festivals, Cannes, France
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