Saudi buys 469 Istanbul flats worth 190 mln USD

One of the biggest real estate firms in Turkey, the Agaoglu Group, has recently sold 469 flats worth $190.7 million to a Saudi businessman in a single deal.

Saudi buys 469 Istanbul flats worth 190 mln USD

World Bulletin/News Desk

One of the biggest real estate firms in Turkey, the Agaoglu Group, has recently sold 469 flats worth $190.7 million to a Saudi businessman in a single deal, according to a Turkish paper.

The sale represents nearly 10 percent of the Agaoglu’s Istanbul project, which includes a total of 4,789 apartments.

The paper quoted a report by the Turkish magazine Ekonomist.

The Saudi businessman whose identity remains undisclosed has reportedly paid a deposit of $ 10 million and will pay the remainder this week.

The head of the Agaoglu Group, Hasan Rahvali, said the sale was unique in the Turkish construction sector. He said the Saudi buyer decided to make the purchase after a recommendation from two Saudi businessmen who bought 60 apartments each from their group last year.

 

Last Mod: 24 Nisan 2013, 15:19
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