Cathay Group has held the launch of its new project, Nivo Istanbul, which its real estate brand Nivo, the product of its 25 years of experience, has begun to develop on Basın Ekspres. Neba A.Ş., which is the partner of the Cathay Group in the project, is an investment company with 100 percent Saudi Arabian capital.
Istanbul will become even more beautiful with urban transformation
In his speech at the meeting, Khalid Al Bassam, the Chairman of the Board of Directors of Neba A.Ş., the partner of the Cathay Group in the Nivo Istanbul project, said,
Istanbul is the most beautiful city in the world. It will become even more beautiful with urban transformation. Nivo Istanbul is a project which has been planned well with all of its details, and it is a priceless real estate investment.
On the other hand, Abdulaziz Ibrahim Alomary, a Member of the Board of Directors of Neba A.Ş., said,
Turkey is a strong and leading country in the region. It has a strong economy, which gives confidence to investors, despite the incidents which have occurred. Its real estate sector is very strong. The sector is getting even stronger with urban transformation. It offers valuable investment opportunities.
Nivo Istanbul is transforming a 42 thousand square meter area
Nivo Istanbul, which has started to transform a 42 thousand square meter area, which was previously occupied by two factories, in the Basın Ekspres region, will be one of the symbol projects of the European side. A project, which is undertaking the role of a locomotive in the development of the region, is alive and adding value to the region, is coming to life.
Nivo Istanbul to be comprised of 6 blocks and 1404 units
There will be 6 blocks and 1404 units at Nivo Istanbul. The total construction area will reach 200 thousand square meters. 1 block will be serviced apartments, 3 blocks will be home-offices and 2 will be residential properties. The alternatives at Nivo Istanbul are 1 and 2 bedroom apartments. The prices of the 1 beds, which range from 50-80 square meters, start from 270 thousand TL, while the 2 beds, ranging from 85-147 square meters are priced from 380 thousand TL, and the 3 beds start at 660 thousand TL.
Will be completed in 2018
27 expert consultants, each of which specialize in different areas, are employed on the Nivo Istanbul project. Nivo Istanbul, which has been designed by Dome + Partners, will be completed at the end of 2018.