Doğuş Group and Bilgili Holding have signed the 14 year term project financing agreement with a value of 1 billion 20 million Euros, to be used in the construction activities of the Galataport project.
The Doğuş Group has taken an important step within the scope of the successful investments it has undertaken in the recent periods, in the fields of tourism, food and beverage and retail, alongside the construction, automotive, media and real estate sectors. The Galataport project, which holds an important place in the tourism investments of the group, has been brought to life under the partnership of Doğuş Holding A.Ş. and BLG Gayrimenkul Yatırımları ve Ticaret A.Ş.. Doğuş Group A.Ş. holds 81 percent of the shares in the project.
One of the principal steps of the project will be the completion of Galataport in the final quarter of 2018. This will also comprise the opening of the coastal strip – which is currently closed to the use of the public – to the public in full, on the completion of the project.
Record levels of credit has been obtained from the 6 leading banks of Turkey, in order to be used in the financing of the project, where construction work will gain pace this year, and this will make a big contribution to the progress of the project.
Doğuş Group and Bilgili Holding have signed the 14 year term project financing agreement with a value of 1 billion 20 million Euros, to be used in the construction activities of the Galataport project, which is situated in the region which connects Karaköy and Tophane – two of the historic values of Istanbul – to each other. With this project financing, the companies will make a significant contribution to the economy of Turkey, both in regional and macroeconomic terms, during this period.