Agaoglu aims to build on massive interest for Turkish real estate projects from Gulf investors

Turkey’s leading real estate developer Agaoglu is aiming to build on the huge interest in Turkish real estate projects from investors in the region, during its participation in Cityscape Jeddah which will take place from November 2 to 4 in Saudi Arabia.

The company has reported overseas sales volume worth 2 billion USD  this year so far with 104 nationalities investing in Agaoglu’s projects in Turkey. It is upbeat that Cityscape Jeddah will offer the most efficient platform as it brings together the biggest investors from Saudi Arabia as well as the Gulf region, making way for successful partnerships and expansion.

With its developing economy and its strong presence in recent years, Turkey has been attracting the attention of large number of investors to its real estate projects in view of their remarkable attraction as investment instruments.

Ali Agaoglu, Chairman and Founder of Agaoglu Group of Companies, said: ‘’As a stable and safe country for investors, Turkey’s property market offers numerous possibilities and opportunities for investors from Saudi Arabia and the Gulf region. With our solid experience as the biggest representatives of the Turkish real estate industry in the Middle East, Agaoglu has been successful in catering to the requirements of property owners and investors as well as potential buyers in one of the most attractive real estate markets in the region. We look forward to building robust relations and partnerships during our participation in Cityscape Jeddah, building on our successful track record and good relations with the regional market.”

As Turkey’s leading real estate developer, Agaoglu has contributed to the growth of the country’s economy with some of the most outstanding projects in the region. In line with its growth plan, the group is currently developing four  new projects worth of 3 billion US Dollars in Istanbul and Bodrum, Turkey.

The highly anticipated current projects of the group are Istanbul International Financial Center (IIFC), Maslak 1453 and My Newwork .

IIFC is designed to be the best and newest Financial Centre in the world, consisting of 6 commercial and 1 residential towers that have been instilled with optimum security and technology on a land of 303.000 square metre. The total construction area of the project is 3,000,000 square metre. The project includes a cinema, conference centre with a 2500 seating capacity, as well as new business and shopping hubs attracting both Turkish and international investors. The development is expected to increase Turkey’s share in the international capital movement by enhancing Istanbul’s power of attractions which are the local and foreign international financial institutions such as Central Bank, Halk Bank, Vakıflar Bank, Ziraat Bank, Capital Markets Board of Turkey and Banking Regulation and Supervision Agency head quarter offices to be relocated to the business hub of the project. Due to the significant interest from prominent investors from Gulf countries, the Agaoglu management is now looking at efforts to invite large corporate investors from this region.

Maslak 1453, Europe’s largest mixed used project is composed of 4.203 residential, 507 office and 238 retail units. The construction is planned to be completed in the first quarter of 2017 on the total land area of 320.000 square meters with the inclusion of residential units, offices, stores of various sizes, special boutiques, food and beverage facilities, amphitheater, art galleries, concert hall with a special stage and shopping malls together with a 1453 metre-long street that has the capacity to host the world of international brands, all making it an extraordinary project on a world scale with a total of 100.000 square metre shopping area. The project includes 24 towers, the tallest of which is 55 floors high and the lowest with 21 floors. The project is adjacent to the city’s green landscape, Fatih Forest. The architectural design has been implemented adopting an environmentalist attitude nominating the project for Leed Gold Certificate Candidate. The recently completed tower of the project is launched for sales with special incentives and the new residents of the sold units are already moving into their new homes.

The project My Newwork was introduced to individual and corporate buyers recently. Deemed to be completed in the first quarter of 2017, it is expected to become a modern life Grand Bazaar, comprised with two theaters, F&B facilities, social spaces and observation terraces as well as innovative commercial solutions that are inline with the current trends of office comfort and functionality.