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Category Archives: Istanbul

New Istanbul Financial Centre aims to outclass London and New York

Istanbul, 9 February 2012 - The new Istanbul Financial Centre project in Atasehir on the Asian side of Istanbul is taking shape with construction underway. The Financial Centre has the full backing of the Turkish Government with many of Turkey’s governing bodies of rapidly growing financial sector being house in...

Posted on 09 February 2012

Istanbul considering the privatisation of its public car parking services

Istanbul, 6 February 2012 - Following the successful privatisation of Istanbul Ferry Lines in 2011 the Istanbul Metropolitan Municipality is considering privatisation of its  Istanbul Parking Operations Company (ISPARK) which manages the public parking in the 28 districts of Istanbul. Founded 7 years ago with over 2,000 employees the company...

Posted on 06 February 2012

Real estate professionals say Istanbul is the tops for investment

Istanbul, 2 February 2012 - For the second year running a survey conducted by PwC (PricewaterhouseCoopers) and the Urban Land Institute has placed Istanbul as the top European city to invest in commenting “Turkey's appeal is based on a long-term view of the future". 600 European real estate professional were...

Posted on 02 February 2012

Istanbul Tourism up 16% in 2011

Istanbul is currently one of the hottest places for buy to let investment in the world. The population is huge and growing so rapidly in numbers and affluence, that developers simply can't build fast enough to meet the demand for quality property to buy and rent. But it is also...

Posted on 07 January 2012

New Flights to China Boost Istanbul Ataturk Airport

Last week saw Istanbul Ataturk's already award-winning global destination coverage increased further, when China Southern announced new flights to the airport from Beijing via Urumqi in the northwest. The flights start running Tuesdays, Fridays and Saturdays, served by 191 seat 757-200s. However, there are plans to expand on this quickly...

Posted on 02 December 2011

Turkey’s visitors just keep going up

27 October 2011, Istanbul - According to the Turkish Ministry of Culture and Tourism recently released data Turkey is now one of the world’s favourite tourism destinations with over 25 million visitors in the first 9 months of 2011. In September alone almost 4 million visitors went to Turkey, an...

Posted on 27 October 2011

Pegasus Airlines Launches Further Expansion from Istanbul Sabiha Gocken

Yet more new flights to the bustling Istanbul Sabiha Gocken airport were announced this week, when Pegasus Airlines launched a new route, flying thrice weekly between the airport and Kosovo capital Pristina. Competing on the route from Istanbul's other airport (Ataturk) are Turkish Airlines' daily service as well as Atlasjet's...

Posted on 21 October 2011

Thirty nine new five star hotels in Istanbul

22 September 2011, Turkey – According to new report by Turkey’s TUROB (Touristic Hotels and Investors Association) hoteliers are flocking to Istanbul and currently there approximately 100 new hotels under construction in there. TUROB President Timur Bayindir said “The wave of new hotel investments in the city will add a...

Posted on 22 September 2011

Turkey to privatise Istanbul’s Bosphorus bridges

30 August 2011 - Turkey’s OIB (Privatization Administration) has announced the transfer of the Bosphorus bridges (Bosphorus and Fatih Sultan Mehmet) operational rights to the private sector under a 25 year agreement. The OIB has said it expects substantial interest from local and international investors and has already held talks with...

Posted on 30 August 2011

Istanbul becoming a leading global business location

26 July 2011 - International property consultant CBRE (CB Richard Ellis) has placed Istanbul 27th in the top global business locations. Of the 280 international conglomerates reviewed, 115 have established regional headquarters or operating offices in Istanbul. Top of the location list is Hong Kong with 191 global companies located...

Posted on 26 July 2011