Mall of Istanbul Project - Residences & Offices - Istanbul
Project Details

Mall of Istanbul Residences and Office Towers have been designed as a luxury housing and office settlement next to the Mall of Istanbul shopping center.

The type of residences at Mall of Istanbul Residences which consists of 4 residential blocks with a total of 1,081 residential units, varies from studio flats to four-bedroom with a space of 53 – 216 m².

The construction work started in March 2011 at the Project which has a residential area of 121,426 m². The project was completed in December 2013 and deliveries started. The sales which started in 2011 are conducted in Turkish Lira. 1,041 units out of 1,081 units have been sold as of December 31st, 2014.

There are 181 offices – tower (34,241 m²) and 24 flat offices (5,091 m²) at Mall of Istanbul Project. The tower offices from 118 to 332 m² and flat offices from 74-1,191 m² offer different alternatives. There are 51 offices (tower) and 5 flat offices up for sale in the stock as of December 31st, 2014. An investment budget of 350 million TL was allocated for the completion of residential and office blocks.

Ownership : Torunlar REIC (100%)
 
Start of Construction : March 2011
 
Operational Date : March 2014
 
CAPEX : TL 350 million (US$ 159.1 million)
 
Number of Residences / GSA : 1,081 units / 121,426 m² GSA Residence,
181 units / 34,241 m² GSA Office (Tower),
24 units / 5,091 m² GSA Flat Office
 
Appraisal Value (December 2016) : TRY 97.3 million
 
Leasehold/Freehold Status : Freehold
 
"*" Appraisal value indicates the value of the remaining units.
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