Bloomberg News

Is Gayrimenkul New Project Estimated to Cost 117 Million Liras

October 26, 2011

Oct. 26 (Bloomberg) -- Is Gayrimenkul Yatirim Ortakligi AS, a Turkish real estate investment trust, will develop a housing project in Istanbul at an estimated cost of 117 million liras ($67 million).

Is Gayrimenkul will get bids for 476 housing units it plans to build in Istanbul’s Tuzla district in a pre-sale process, the company 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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