BEYOĞLU, THE HEART OF ISTANBUL IN SHOWCASE IN CANNES
The Beyoğlu Investors Group (BIG), a foundation of 32 large-scale investors with a sum of investment of more than 10 billion TL on renovation process of Beyoğlu took their first international step in Cannes. Beyoğlu Mayor Ahmet Misbah Demircan said "We have largely acclaimed projects in MIPIM. Our goal is to bring international investors to Beyoğlu".
Projects of Beyoğlu Investors Group (BIG), an organization of 32 investors founded by Beyoğlu Mayor Ahmet Misbah Demircan, became a center of attraction in 26th MIPIM tradeshow.
MIPIM is the world's largest real estate tradeshow and it was held between 10-13 March in Cannes, France. Turkey has been participating in the tradeshow for the last 2 years and this year Beyoğlu was the most interested part of the Turkish Pavilion; Beyoğlu District is already a world-wide center of attraction with projects and investment amounts.
"We will reach 40.8 billion TL within two years with our projects"
Beyoğlu Mayor Ahmet Misbah Demircan stated that they believe the largely acclaimed projects in MIPIM are attracting global investors; and he added that new investments will so much more value to Beyoğlu. Demircan continued: “Beyoğlu already has an investment value of 10 Billion Turkish Liras. We expect the active investment value to reach to 40.8 Billion Turkish Liras in 2 years with projects such as Okmeydanı, Haliçport and Galataport"
"We are supporting the private sector with new generation understanding of Municipalism"
Demircan stated that they aim to double that active amount in 2023 and added "We are proud to reach all our targets one by one we made public before we came to Cannes. After this intensive amount of interest we have seen here, we have no doubt that Beyoğlu will become one of the global district brands. Beyoğlu already become the most popular place of investment in MIPIM tradeshow with that many countries and cities participating.
After stating that domestic and foreign investors are mostly focused on a safe investment environment, Demircan mentioned that with their new generation understanding of Municipalism, they are supporting projects developed by private sector by all means and they came to Cannes to draw investors.
Hainz, Goldman Sachs and Abraaj Capital are investigating Beyoğlu for Investment Opportunities
BIG members had meetings with leading USA investment institutions Hainz and Goldman Sachs and worldwide investors Morgan Stanley, Blackstone, Abraaj Capital, Al-Futtaim, Amster, Bilfinger, Aerie, HB Reavis and Grosvenor. Beyoğlu Mayor Ahmet Misbah Demircan and BIG members told about ongoing projects and investment opportunities to bring Beyoğlu to the next the international level and speed-up investment processes. Authorities of Abraaj Capital, located in Dubai; listened the history of the foundation process BIG and projects managed by BIG with great interest. BIG is intended to be an investment agency bringing public and private sectors together.
Faster transformation and increased employment with international investors
With the on-going projects in Beyoğlu, 1 million square meters out of 30 million is under urban transformation. BIG and Beyoğlu Municipality aims to complete this transformation within 5 years with the involvement of international investors. Demircan specifically focuses on employment generation process within the district in this subject. Nearly 25 thousand people were employed in on-going and completed projects in Beyoğlu. This figure is expected to reach 100 thousand with new investments, and 30 thousand people are expected to be permanently employed.
Minister of Construction of Russia visited Ahmet Misbah Demircan
Mikhail Men, Minister of Construction, Housing and Utilities of the Russian Federation visited Beyoğlu Mayor Ahmet Misbah Demircan in Turkish Pavilion, and gathered information about projects performed in Beyoğlu. Mikhail Men stated that he admires projects in Beyoğlu and he invited Ahmet Misbah Demircan and the members of BIG for a private visit to Russia in April.
BEYOĞLU INVESTORS GROUP (BIG) MEMBERS
Piyalepaşa Gayrimenkul Geliştirme ve Yatırım, GAP İnşaat Yatırım ve Dış Ticaret, LazzoniMob. İnş.,Amplio Real Estate, Ofton İnşaat Turizm ve Yatırım, Naz İnşaat Gayrimenkul, Rumeli Han, Kamer İnşaat, Nar Yatırım, CVK Mineral Madencilik, Maksem Yapı Ticaret, KreaSirius Gayrimenkul, Kapital Gayrimenkul, Seba Vadi İnşaat, Aktif İnşaat, İpek Constructıon, Tuna Ofis ve Ev Mobilyaları, Naba Otelcilik, Akdağlar Madencilik, Akfen Gayrimenkul, Nesa Grup Turizm, Timur Gayrimenkul, Meydanbey İnşaat, Nidya Otel, Kosikoğlu Otel, Global Otel, Rixos Bina, Ansa Otelcilik, Akka İnşaat, Berkolon Gayrimenkul, İKSV, Koç Müzesi.