Kemankeş Plot– İstanbul
Project Details

The Kemankeş land is located adjacent to İstanbul’s cruise port with the potential of attracting passengers. It is a candidate to make use of the urban transformation that is planned with the Galataport Project.

The 1,501 m² land is located in an area offering commercial potential in the Kemankeş district of İstanbul Beyoğlu, very close to Karaköy ferry port and the İstanbul Modern Art Museum. The ramshackle 3-storey and 3,900 m² building will be demolished and replaced with a boutique hotel.

Ownership : Torunlar REIC (100%)
 
Start of Construction : 2017
 
Estimated Date of Completion : 2018
 
Land Area : 1,501 m²
 
Gross Leasable Area : 3,900 m²
 
Estimated Construction Cost : TRY 31..3 million
 
Appraisal Value (December 2016) : TRY 51.7 million 
 
Leasehold/Freehold Status : Freehold
 
Current Status : At the stage of Construction Permit
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