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Cushman Wakefild Acquires PD to Enter Turkish Market |
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Sunday, 13 April 2008 14:34 |
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ISTANBUL-Cushman & Wakefield has acquired P&D Real Estate Consultants, its partner here since 1991, for an undisclosed price. The purchase comes as New York City-based Cushman is expanding in Europe and follows the  opening of Cushman offices over the past 18 months in Romania, Slovakia and the Ukraine. “Turkey is one of Europe’s most dynamic markets,” said Paul Bacon, Cushman’s CEO of its Europe, Middle East and Africa division, in a statement. “The country is attracting interest from a wide cross-section of clients; yields and returns are higher than those in the more developed markets of Europe, and economic growth prospects are strong.” |
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Riva Will be Istanbul’s Next Star |
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Thursday, 27 March 2008 22:02 |
There have not been many changes yet in the property and land prices in Riva compared to las t year but the Culture-Toursim-Sports and Health project announced by the Municipal Government of Istanbul for Riva had definitely added value to the region. The land prices in Riva start from $180 - $200. The projects that will be developed in Riva, a perfect summer getaway and daily visit site for Istanbul residents, started to be announced one after another. |
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Shopping Centers at Every Corner in Istanbul; Supply and Demand in the Market |
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Friday, 21 March 2008 14:05 |
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It is currently possible to find multiple shopping centers at every major neighborhoods of Istanbul. But, how are they doing? Are the investors and tenants happy with the current extensive supply? Istanbul residents came to know the shopping center concept by the opening of Galleria in the late 80’s. But, the first shopping center that was embraced by masses was Akmerkez of Etiler. Akmerkez with its well thought shop-mix and brand name tenants continued to preserve its brand name for years to come. |
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Rental Analysis of the Office Market in Istanbul |
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Sunday, 17 February 2008 15:00 |
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Maslak, Esentepe, Sisli, Mecidiyekoy, Levent and Ataturk Airport area in the European part and Umraniye, Kozyatagi, Altunizade and Kavacik areas in the Asian part of Istanbul are Istanbul’s major neighborhoods where office  buildings are located. All these neighborhoods are home to properties that has seen substantial increases in rental income over the past 3 years, some increasing over %100 between 2005 and 2007. |
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Page 2 of 3 |
billion once completed. Emaar Turkey acquired this 73,000 sqm land in Libadiye, Goztepe from Toprak for $402.7 million. Ozan Balaban, the CEO of Emaar Turkey said that the project is expected to begin within this year and the concept of the project will be one that will attract the tourists visiting Istanbul.