Istanbul land sale brings $1bn into Turkish pockets

Turkey's government may raise $1bn through the sale of a 96,500 m[sup]2[/sup] plot of land in Istanbul's upmarket district of Levent, Turkish newspaper Vatan has reported. Turkey's Zorlu Group and Global Yatirim Holding, in partnership with Israeli entrepreneur Sami Ofer, are said to be among the bidders for the land, which is provided with planning permission for a 105-metre tower, a shopping centre, hotel and exhibition hall.

Premium subscriber content – please log in to read more or take a free trial.

Events

Latest news

Best read stories