Bloomberg News

Emlak Konut Buys Land in Istanbul for 46.2 Million Liras

October 06, 2011

Oct. 6 (Bloomberg) -- Emlak Konut Gayrimenkul Yatirim Ortakligi AS, the Turkish property developer owned by the state housing fund, bought land in Istanbul’s Basaksehir district for 46.2 million liras ($25 million) plus value-added tax.

Emlak Konut will develop projects on properties totaling 223,250 square meters, it said in a statement to the Istanbul Stock Exchange today.

To contact the editor responsible for this story: Aydan Eksin at aeksin@bloomberg.net


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