DUBAI — Agaoglu, the leading real estate and construction company in Turkey, will be participating for the 4th year at Cityscape Global 2015 with its two major projects; the world's newest Business Hub, “Istanbul International Financial Centre” (IFC) and Europe's largest mixed project “Maslak 1453”. IFC's architectural model will be unveiled for the first time on Sept. 8, 2015 during Cityscape Global exhibition at Agaoglu stand. Trade visitors are invited to examine the IFC model that will replicate the new business hub in Turkey. IFC is a monumental project for Turkey that will enable its continuous economic growth and bring the country one step closer to its aim of being one of the top 10 financial centers in the world. Composed of both the biggest private and non-private banks, IFC will be recognized as the most valuable investment opportunity in Turkey. Located in the heart of Atasehir, with access to TEM and E5 highways, the new finance project will welcome visitors, not only to the newest business center, but also to Istanbul. Atasehir is perceived as one of the most profitable real estate investment areas in Istanbul, making IFC a prime location for potential investors.
With the passing of the reciprocity law, the Turkish government permits citizens of 129 countries worldwide to acquire property in Turkey. This law has paved the way for global investors, allowing the Turkish Real Estate market to flourish. Agaoglu has made $2 billion of sales from foreign investment since 2011. Agaoglu is presenting GCC investors with the opportunity to invest in new markets, such as Turkey, through IFC. The financial center will offer incentives that will enable ease of establishment for the companies setting up offices in IFC. This will in turn enable the companies to swiftly emerge into new markets.
“We have experienced an increase of interest from the Middle Eastern investors in the Turkish Real Estate market, majority of our properties have been sold to investors from the region,” said Ali Agaoglu, Chairman of Agaoglu Group of Companies. I believe the reason for this rise is due to the quality of the projects being presented and the strong ties between our very similar cultures.''
Maslak 1453, composed of residential, office units and shopping malls, ‘My Club Project', the largest sports complex in Europe along with art and culture centres is located among leading international corporations' headquarters in Turkey. Having access to public transportation and main highways of the city will be part of the attraction of the major brands located on Avenue 1453. The project has been proven to be of great interest to foreign and GCC investors as it established a ground for a record of sales of 2 blocks for $200 million in 2013 to an investor from KSA, Abduljawad Holding and marked the largest volume of real estate sold in one go following the law of reciprocity. This year Maslak 1453 is expected to achieve another milestone victory with a similar record-breaking sale to an Arab investor at Cityscape 2015, and a signing ceremony to take place at Agaoglu stand.
In parallel to the launch of IFC project, the Agaoglu team met with the DIFC management to in order to understand the dynamics of an International Financial Centre and benefit from their experience and success story. During this meeting, Turkish media delegations received a presentation from DIFC team, along with the Agaoglu management, followed by a tour to experience the center and gain knowledge about its milestones.
Having already established the first international office in Dubai in 2013, accommodating to the regions investors' requests throughout the year, the renowned construction company also operates in energy, tourism and trade sectors.
Agaoglu representatives will be present during Cityscape to assist potential buyers looking to invest in a piece of Turkey's future by investing in of soon-to-be one of the leading financial hubs of the world, Istanbul International Financial Centre or Maslak 1453. — SG
