Turkish construction company Rönesans to invest USD 4 billion in real estate development

Rönesans A.Ş. (RGY), a leading Turkish commercial real estate developer, announced plans Thursday to invest $ 4 billion in real estate in a number of countries during the next four years.
Speaking to reporters after a ceremony at a shopping mall in the southern province of Kahramanmaraş, Chairman Erman Ilıcak RGY said, "$ 6 billion of investments planned in 2010, and already has invested $ 2 billion. The remaining 4 billion will be invested over the next four years. "

Nurol acquires Hürriyet’s headquarters

Nurol Gayrimenkul Yatırım Ortaklığı, a Turkish real estate investment trust, bought Hürriyet Medya Towers, the Istanbul headquarters of Hürriyet Gazetecilik, for $127.5 million, according to a filing to the Istanbul Stock Exchange (İMKB) by Nurol on Jan. 27.

Turkey Property market most popular location

Discover the Delights of Turkish Property

Turkey has been highly sought after as a holiday destination for a long time with around 25 million tourists flocking to the stunning beaches along the Turkish coast each year. The beautiful climate and exotic quality of life help to make Turkey a location that is much in demand.

Istanbul first choice for property investors as European recovery stalls

Analysis of top property markets by PricewaterhouseCoopers finds London struggling to retain status as gold standard of real estate

Istanbul, has retained its top rank for attracting property developers and investors for the second consecutive year. Photograph Herbert Spichtinger/Corbis