Propa Construction is to build 4 new projects with a value of 400 million Liras in Istanbul this year. The company has chosen Zincirlikuyu, Kartal and Istinye for its new real estate projects within the scope of urban transformation.
Propa Plus Residence in Zincirlikuyu
Propa Construction, serving in the real estate sector for 44 years, has pressed the button for its 2016 targets. The company is to build luxury residences in Zincirlikuyu and Istinye as well as projects comprised of residential properties, home offices and commercial units in Kartal. The company, which has chosen Kore Şehitleri Caddesi for its fifth project in Zincirlikuyu, will rebuild two old buildings. The project will be comprised of 2 blocks on a one thousand 500 square meter estate. Can Reşit Özçiçek, the Managing director and a Member of the Board of Directors of Propa, said,
The sales and lettings have been completed at our Propa Plaza project in Zincirlikuyu, which has a sales value of 150 million Liras. We are still continuing at the Plus Residences project, the construction of which is continuing on our own estate in the same region. This project has a sales value of 60 million Liras.
The company will also begin building a project in Kartal this year. The Kartal project is comprised of a total of 199 independent units – 186 of which are residential properties and 13 of which are commercial units, and is on a 7 thousand 500 square meter estate. It has a 100 meter aspect to the E-5. Sales will begin in April.
10 blocks for Istinye
The company, which is also preparing for a luxury residence project in Istinye in the second half of this year, is designing this project with the concept of a green building. There will be 10 blocks with a horizontal architecture within the 9 thousand square meter project. Each block will house 4 apartments. All apartments within the project will be 3 beds. Can Reşit Özçiçek said, “The management of the projects is being performed by our own management company. In this way we can both be sure of the service quality and make serious savings from the contributions.”