Remarkable mixed use complex in business district

$ 131949

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Summary

  • Mixed use project made up of residential, offices and stores.
  • Key hotel zone near the airport, Marriot, Divan, Radisson Blu, Hilton, Holiday Inn all within one km.
  • 200+ store mall with brand names signed up
  • Metro station within 50m, direct to Sultanahmet and Aksaray.
  • 20% discount on full payment - completion in early 2019
  • Part of the media highway commercial district.

About this project

A pure investment in the heart of the Media Highway commercial zone. Designed as a mix use business centre, with separate residential towers, and a ground level mall. It forms part of the commercial transformation of the Media Highway district, and is the largest in the region.

Made up of five towers, each designated as residences or offices, with modern glass facades giving plenty of light to the interior. With functional hotel style interior designs, from the lobby to the apartments and offices, this is a firm favourite with Turkish investors, looking to take advantage of the booming short stay rental market in the region.

The region already averages a rental income of 6.5%, well above the average in Istanbul, and this complex is expected to match or even exceed that rate. With over 200 stores within the mall, hundreds of offices, and nearly 800 apartments, the complex is expected to attract regional socialites.

A five star hotel is expected to come on board on completion, with facilities befitting of such a complex. A large gym with dozen of machines, a semi Olympic swimming pool, all topped off with luxury baths, spas, and saunas, this really is a complex where residents need not leave.

Facilities Breakdown

  • Mall
  • Underground parking
  • 24 7 security
  • Spa
  • Gym
  • Ornamental fountains
  • Indoor swimming pool
  • 5 star hotel
  • Outdoor swimming pool
  • Walking parkour
  • Turkish baths
  • Lobby
  • Café
  • Restaurant
  • Valet parking
  • Hobby room
  • Meeting rooms
  • Metro station
  • Creche

Price Range

Type Size (Min) Size (Max) Price (Min) Price (Max)
1+1 54 sqm 92 sqm $ 131949 $ 332674
2+1 82 sqm 151 sqm $ 162399 $ 312549
3+1 129 sqm 140 sqm $ 257984 $ 268049

- Price ranges last updated 06/06/2019
- Prices are list prices and subject to discounts in accordance with the chosen payment plan and negotiation with the seller.

Payment Plan

This product is available as full payment in cash only, with short term payment plans by negotiation only.

Floor Types

Distances

  • Ataturk Airport 15 mins
  • Ataturk metro line 5 mins
  • Halkali Fast train network 10 mins
  • Sultanahmet train line 5 mins
  • Taksim 40 mins
  • Sultanahmet 30 mins
  • Atakoy Marina 15 mins
  • 6 malls within 10 mins

Regional information

Kucukcekmece, with a history spanning centuries, all the way to the Byzantine era, is exceptionally popular with Turks. With the latest trend for building lake front secure complexes, this popularity has increased ten fold over the last year.

With its poorly built stock from the 70s, Kucukcekmece is transforming into a desirable middle class district, with some neighbourhoods like Atakent proving more popular than others like Kanarya. Hence, a home in Kucukcekmece should be chosen wisely with some regions more desirable then others.

With the Canal Istanbul project due to start construction in late 2017, Kucukcekmece will transform once again

Investment information

With the district now home to huge land mark mega projects, its easy access into elite areas like Atakoy, and the transformation of the Media Highway stretch into Istanbul’s Commercial district, Kucukcekmece continues to provide strong growth.

Growth since 2011 has been below the average of Istanbul due to the mix of elite and not so wealthy neighbourhoods – Neighbourhoods like Halkali giving paypack periods as low as 12 years, being dragged down by less well-off neighbourhoods.

Yet the Media Highway region is expected to return better than average gains over the next 5 years. Once the planned transformation of the region completes around 2020, the region is expected to match Atasehir, as an elite, modern region filled with skyscrapers. 

Developer Background

With 25 years of experience, this ambitious group has expanded rapidly in the last ten years. Following the construction of a similar mixed use project in Basaksehir, this is its most ambitious project yet. It will be a signature project for the group, which has impressive Middle East financial backing.

Expanding on this ambition, the group have embarked on even more aggressive project in prestigious Atakoy.