EK – Istanbul International Financial Centre – Turkey - Project Profile

Synopsis


"EK Istanbul International Financial Centre Turkey - Project Profile" contains information on the scope of the project including project overview and location. The profile also details project ownership and funding, gives a full project description, as well as information on contracts, tendering and key project contacts.

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Summary


Emlak Konut (EK) is undertaking the construction of an international financial centre in Istanbul, Turkey.

The project involves the construction of mixed-use complex on 70ha of land. It includes the construction of office, residential, retail, conference, hotel, park space, parking facility and other related facilities, and the installation of safety systems.

It includes the construction of "Varyap Meridian", comprising the construction of five residential towers with 1,653 apartments, 20,000m2 of office space in three buildings, a five-star hotel and conference centre, and the installation of elevators, safety and security systems.

The first residential tower, Block A will be a 60-story tower (also known as Varyap Grand Tower), 24-story second tower as Block B, 45-story third tower as Block C, 24-story fourth tower as Block D and 41-story fifth tower as Block E. It also includes construction of indoor and outdoor pools, a cafeteria, a fitness center, a sauna, a steam room and locker rooms and parking space.

It also includes the construction of "Metropol Istanbul", including the construction of a 58-story Metropol Tower, 1,200 apartments, three stories of exclusive retail, a 16-theatre cinema complex, a shopping street of nearly 400m long named "Catwalk" and an international health spa.

It also includes the construction of "SPK Tower" including the construction of a 37-story office tower.

It also includes the construction of "Vakif Bank Financial Center" including the construction of an office and commercial complex comprising of a 52 story, 148,933m2 of the tower I and a 36 story, 112,604m2 of tower II.

It also includes the construction of "Banking Regulation and Supervision Agency (BDDK) Administrative Tower" including the construction of a three-block administrative space comprising two 17 stories blocks and a 25 story block.

It also includes the construction of "Halk Gyo General Directorate Building" including the construction of a commercial complex comprising two towers of 46 and 34 stories along with a podium building.

It also includes the construction of "Ziraat Bank Headquarters" including the construction of a bank headquarters comprising of 426,000m2 of two towers of 46 and 40 stories along with an 8 story podium building.

Metropol Istanbul is co-developed by VARYAP and Gap Insaat in collaboration with Emlak Konut REIT, a government subsidiary of the Housing Development Administration of Turkey.

The initial study works have been completed by Bogazici University, Istanbul Technical University and Istanbul Commerce University for the land of Financial Technopark project.

Roy Higgs International has been appointed as the architect for the retail portion of Metropol Istanbul.

Arup has been awarded a contract to provide a combination of services, such as geotechnical, infrastructural, structural, mechanical, electrical, transportation, sustainability, ICT and security design services during the master plan design guideline preparation stage.

State-run property developer Housing Development Administration (TOKI) and Emlak Real Estate Investment Company are working as associate developers for the project.

HOK has been appointed as the master planner and architect, and Agaoglu as construction contractor for the project.

GN Engineering, HB Teknik, Zetas, Bilfinger, Lerch Bates Inc., EMAY International Engineering and Consultancy Inc., ELFA, CWG, WATG, Dome Partners, and IB EGE been appointed as consultants for the Metropol Istanbul.

Construction of the Varyap Meridian was completed in the fourth quarter of 2013.

Construction works on Metropol Tower are underway and scheduled to be completed by the fourth quarter of 2017.

As of April 2018, external facades works are underway for the shopping center in Metropol Istanbul project. Construction of the entire financial center is expected to be completed by 2020.

Scope


The project involves the construction of mixed-use facilities on 70ha of land in Istanbul, Turkey.

The US$2,600 million project includes the following:

1. Construction of five towers Varyap Meridian

2. Construction of 1,653 apartments

3. Construction of construction of indoor and outdoor pools

4. Construction of a cafeteria

5. Construction of a fitness centre

6. Construction of a sauna

7. Construction of a steam room

8. Construction of locker rooms

9. Construction of three office buildings

10. Construction of a luxury hotel

11. Construction of 58-story Metropol Tower with 1,200 apartments

12. Construction of three-story retail

13. Construction of a 16-theatre cinema complex

14. Construction of a 400m long shopping street

15. Construction of an international health spa

16. Construction of 37-story SPK Tower

17. Construction of Vakif Bank Financial Center comprising two tower of 52 and 36 stories.

18. Construction of Banking Regulation and Supervision Agency Administrative Tower comprising of two 17 stories blocks and a 25 story block

19. Construction of Halk Gyo General Directorate Building comprising two towers of 46 and 34 stories

20. Construction of Ziraat Bank Headquarters comprising of 426,000m2 of two towers of 46 and 40 stories

21. Construction of parking facility

22. Installation of electrical and mechanical systems

23. Installation of fire safety and security

24. Installation of elevators

Reasons To Buy


Gain insight into the project.

Monitor the latest project developments.

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1.Key Statistics
2.Key Dates
3.Sector
4.Operating metrics
5.Tender Information
6.Scope
7.Description
8.Latest update
9.Background
10.Key Contacts
11.General News, Project News
12.Appendix


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