Home Recent News Zorlu Sells Award Winning Levent 199

Zorlu Sells Award Winning Levent 199

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Zorlu Levent 199 Sold to Qataris
Nova Property

Qatari funds, which have put their names to serious investments, have now purchased Levent 199, the second largest real estate project of the Zorlu Group. The Qatari fund reached agreement for the 40 storey office building on Büyükdere Caddesi (street), following lengthy negotiations.

They have shaken hands for 440 million dollars

handshakeIt is rumored that Levent 199 has been sold for a record price. Zorlu Holding has sold Levent 199, which is its second important project in the field of real estate, to a Qatari fund. The parties had been in negotiations for some time for the 40 storey office building which is situated immediately next to the head office building of Zorlu Holding on Büyükdere Caddesi. The sales price being talked about for Levent 199, which was completed in 2014, is 440 million dollars.

250 million dollar investment target

The group, which has targeted 250 million dollars of investments in the fields of energy, retailing and textiles in 2016, will increase its cash flow strength with this sale. A senior manager at Zorlu Holding admitted that there were discussions on this matter, but only stated that nothing had yet been finalized or become clear.

It cost 280 million dollars

Levent 199, the second project of Zorlu Real Estate following Zorlu Center, was completed in 2014, with an investment cost of 280 million dollars.

Zorlu Levent 199
Zorlu Levent 199

The signature of Tabanlıoğlu

All of Levent 199, which was developed by Tabanlıoğlu Architecture, was built as offices. There are executive offices on the top 4 floors and a helicopter landing strip on the roof of the the tower of Levent 199, which was built on a 12 thousand square meter area of land, and possesses a total construction area of 122 square meters. The 40 storey building on Büyükdere Caddesi plays host to important Turkish and global companies. The total capacity of the smart building is 3 thousand 500 people. Zorlu Holding, which operates in the fields of textiles, technology and energy, had moved into the real estate sector with Zorlu Real Estate, which it established in 2006. Its first investment was the 2,5 billion dollar Zorlu Center.

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