Is REIC demonstrates the model and details of its Kartal Project for the first time at Cityscape Global 2014 to be held on September 21-23, 2014 in Dubai in booth no. 2H10. İs REIT –who also allowed the project’s visuals to be displayed for the first time in the same fair last year—will now unveil the further details of the project which is located in a unique area with the view of Marmara Sea and the Princes’ Islands in Istanbul.
Is REIC will participate in the Cityscape Global 2014, the largest real estate network attended by regional and global investors, architects and designers. The Kartal project to be displayed in the fair is a mix one with residence, commercial and office areas. The investment value of the project is to be around USD 305 million.
The project consists of five apartment buildings and commercial units that makes the new living center unique with the fascinating view of Marmara Sea and Islands. Perkins Eastman, the globally known planning and design firm, has also partnered with Is REIC. Designed to be value enhancing and a high standard one, Kartal Project is located within the center of a network comprising highways, rail system, airport arteries and marine transportation.
The apartment buildings for residence has a wide selection ranging from 1+0 and 5+1 units in addition to the offices and commercial units. The Project which has been designed within 1.5 km walking distance to the seaside on greenery for an ever-inspiring life, takes its place in the prestigious portfolio of Is REIC.
Is REIC’s General Director Turgay Tanes says, “The project bearing value adding aspects to the area has 36,724 sqm area. Further details will be publicly shared following the completion of the project processes. The launch is planned to take place in late 2014.”
CityScape Global is organized between 21-23 September 2014, 10.00-19.00 at Dubai World Trade Center and attended by 32 companies from Turkey. For more information please visit www.cityscapeglobal.com.
Established in 1999 with as an investment of T. İş Bankası A.Ş. and concluded its public listing the same year traded in Istanbul Stock Exchange Market, İş Gayrimenkul Yatırım Ortaklığı A.Ş. (İş GYO-Is REIC) is a portfolio management company which aims to invest real estate projects. Started its journey as the architect of change, Iş REIT builds environments befitting to people and cities by evaluating its investments and resources efficiently. İş GYO operates with the principle to create sustainable growth and high profitability and with the mission to create continuous value for its stockholders. Iş REIT’s portfolio is predominantly consists of commercial real estates and is diversified in terms of location, real estate style and industry. By the end of 2011, the value based investments of the company consists of offices (35%), shopping mall and hypermarket (25%), hotels (1%), lands (1%), projects (%32), money (6%) and capital market instruments respectively. Iş REIT’s estates in real estate industry includes İş Bank Towers Complex, Kanyon AVM, Ankara İş Tower, Maslak Building, Ankara Central, Ankara Kızılay, Sirkeci and Antalya Banking Service Buildings, Güneşli Operation Services Building, Taksim Ofis Lamartine, Real Hipermarket, Mallmarine AVM, Marmarapark AVM. Iş REIT’s estates in tourism industry includes Kapadokya Lodge Hotel. For more information, please visit www.isgyo.com.tr.