Vadistanbul, a project by the Artaş Group, the Aydınlı Group and Keleşoğlu Construction, is being introduced to foreign investors in Cannes, France, at MIPIM 2014 between March 11 and 14.
The “Bulvar” (Boulevard) section of Vadistanbul, which was recently promoted in Turkey, will also be exhibited at MIPIM 2014. Several international firms and investors are reportedly interested in this section of the project that includes offices, stores and hotels.
Vadistanbul | A 2-BILLION-LIRA INVESTMENT PROJECT
Vadistanbul is being realized through a 2 billion-Turkish Lira investment excluding the value of the building plot. Vadistanbul consists of three separate parcels of land. In the “Bulvar” section, there is a 760-square-meter shopping street, a 70,000 m2 shopping mall, 180,000 square meters of office space in nine blocks, fivestar luxury hotels, stores, restaurants and cafes. The first section of the project, Vadistanbul Terrace (Teras), which consists of residences, will be delivered to customers in July, as sales are continuing from a starting price of 507,000 liras.
A LIVING HUB
Room options can satisfy any demand, including 1+1, 2+1, 3+1, 4+1 and 5+1 duplex. As the rough construction work has been completed, 70 percent of residences are already sold. Turkey’s first private metro line will pass through Vadistanbul and be connected to the metropolitan metro network. With its connections to the Trans-European Motorway (TEM), metro and the roads to the third bridge over the Bosphorus, as well as its proximity to Atatürk Airport and the third airport of Istanbul which is being built, Vadistanbul Bulvar will be a living hub.
SPECIAL PRICE FOR OFFICES
The offices in the Bulvar, which is the heart of Vadistanbul, are attracting attention with their high investment value and are currently on sale with prices exclusive to the launch, starting from $3,400 per square meter. Drawing inquiries from several foreign investors, the international sales and marketing operations for Vadistanbul Bulvar are being directed by Jones Lang LaSalle (JLL).
VALUE ALREADY UP BY 25 PERCENT
The first section of Vadistanbul, which hosts 1,111 residences, has already increased its value 25 percent. After life starts at the project, the area will become home to 35,000 people. The first phase of Vadistanbul will be completed and delivered in July 2014, the second one in May 2016.