The mysterious investor who undertook the purchase of 200 million dollars worth of properties in one go at the Maslak 1453 project belonging to the Ağaoğlu Group in Istanbul has been revealed. It has been discovered that the investor, who came to Istanbul to take delivery of his title deeds is Sheikh Ehsan Abdulcevad, the chairman of the board of directors of Globe Holding, one of the leading organisations in Saudi Arabia.
Real Estate investments to continue
Ehsan Abdulcevad, who came to Istanbul together with his son Maad Abdulcevad, made the payment of 200 million dollars to Emlak GYO (Emlak Konut) up front. Ali Ağaoğlu, the chairman of the board of directors of the Ağaoğlu Group of Companies said that he did not have any reservations about keeping the identity of Sheikh Abdulcevad secret, and said, “When Sheikh Abulcevad was taking delivery of the tile deeds, he told me, ‘We are very confident of Turkey’s continued growth and stability. There is no need to hide my name. We will continue to evaluate different opportunities for investment in Turkey,’ showing that he had trust in our country. I believe that this purchase will act as an example to new purchases.”
Sheikh Abdulcevad to operate one tower as a hotel
It was stated that Sheikh Abdulcevad, who has purchased two towers from Maslak 1453 will use one of the towers for investment purposes, as residential properties, and that Abdulcevad planned to operate the other tower as a hotel, and this was currently at the planning stage.
Globe Holding activities are in the Maritime area
Globe Holding, which has its headquarters in Saudi Arabia, operates primarily in the maritime sector. The organisation has 3 large port operation businesses under the Globe Marine brand. The organisation is also active in the area of shipping.