Istanbul is expecting to open new wall street in Ümraniye District by 2023.
Regional and global financial center of Istanbul is built on an area of approximately 300,000 m2, The mega project Istanbul Financial Center (IFM) Project; pioneer of the banking sector, state-owned banks such as the Central Bank, Ziraat Bank, Halk Bank, Vakıflar Bankası, public institutions such as the SPK and BBDK, projects to be developed on land ownership of private sector – T.A.O. with Enisler and İş REIT Inc. and it will be representative and pioneer of innovative and sustainable development. The project is Located within the boundaries of Istanbul Province, Ümraniye;
The project boasts 1.4 million square meters of office space, a 100,000-square-meter (nearly 1.1 million-square-foot) shopping center, a conference and performance center for 2,100 people, a five-star hotel spanning 30,000 square meters (nearly 323,000 square feet), and a parking lot with a capacity of 26,000 vehicles.
Recently the project is 90% completed as of November 2022 and expected to ready by Q2 2023.
Contributing to the sustainable development of the Turkish economy, the center will offer various business and investment opportunities to both domestic and international companies and investors.
Financial institutions at the IFC will enjoy certain tax advantages, including having 75% of their income deducted from the corporate tax base. They will also have fee and stamp exemptions.
Investment in Finance Center neighborhood is highly suggested by Homist team. We have been analyzing the region for more than 5 years among most professional advisory team in the region having significant knowledge of area.
Please contact our advisors if you are planning to invest in Finance center both for commercial properties or residential.
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