Superb Investment Opportunity In A Thriving And Emerging Capital City.
1,2 And 3 Bedroom Apartments Available.
Astrum Towers – Why? & Location:
Istanbul - The Right Place, The Right Time:
Reasons why Istanbul is a "HOT" Place to invest;
• Number one city in 'Europe' for capital growth'
• One of the world's youngest and most exciting cities
• High capital growth forecasted in excess of 20%**per annum
• Winner of City of Culture 2O10
• Current population is estimated at 15 million, increasing approximately 250,000 a year
• Turkish government forecasts the need for 2,5 million new homes by 2015
• Anticipated 500,000 new buyers annually for both residential and commercial property
• Over 60% of its population is under the age of 30
• New mortgage legislation for both locals and foreigners will significantly increase the demand for domestic housing, driving prices upwards
• High rental yield with returns above 15%** in some areas of the city
• One of the world's fastest growing economies with GDP averaging 7.5% per annum over the last five years
• Regional HQ for a record number of blue chip companies Including Sony Ericsson, Microsoft and Coca Cola
• Direct flights from many UK and European destinations, with many budget airlines onboard
• Turkey is looking to gain full E.U. accession by 2015
• No capital gains to pay in Turkey after five years
As a Government-designated Growth Area within the Istanbul metropolitan master plan of 2006, Beylikduzu is already very attractive to both local residents and investors alike.
It's an established, family-oriented suburb offering a wealth of local employment opportunities and amenities with plentiful public transport links. It's a young and trendy suburb, attracting many of Istanbul's new urban professionals.
Tuyap Exhibition Centre
Turkey's largest Fair, Convention and Congress Center offers a wide range of facilities across a total exhibition area Of 120.000 m2. All Turkey's major exhibitions and fairs are staged here, maintaining a constant demand for accommodation and amenities within its immediate catchment area.
Bezimkent Metro Station
Part of the new Istanbul-wide metro system and the furthest stop west on the network, the line is scheduled to be completed in 2011. Close to Astrum Towers and adjacent to an inter-change with the E5 it will enable fast and frequent access in to central Istanbul.
E5(D 100/TEM Highway)
The primary link to Europe plus into Istanbul centre, this major investment in infrastructure has already transformed local communications reducing journey time to the heart of the city to between 30 and 40 minutes.
Ataturk Airport
Just 20 km from Beyhkduzu via the E5 - Turkey's largest airport and the hub of its' international air links to the world.
The University Quarter
Istanbul University's Avicilar campus, The Beykent University and the Fatih University with their associated colleges are within easy reach of the project, site. Their proximity will be a further factor in generating demand for accommodation at Astrum Towers.
Industrial Zone
It is estimated there are some 2.OOO small and medium sized manufacturing and service industries in the communication corridor between the E5 and E6 motorways The biggest of these is the Beko television factory and the demands from local business for quality staff not only drives the need for quality accommodation but also leisure and retail amenities in the Beylikduzu area.
Existing Developments
The popularity of the Beylikduzu area as an aspirational yet affordable suburb for young professionals and their families is based on the quality of The Emlakbank Bizim Kent Sites development. This together with surrounding projects have helped to develop Beyhkduzu's reputation as an area which offers real quality of life.
Buyukcekmece Beach
For more than 30 years, one of the most popular beaches for Istanbul residents to escape to. Located just 10 minutes drive from Astrum Towers the area boasts a succession of sandy beaches, a sea front promenade and a wide variety of beach front bars, cafes and restaurants.
Buyukcekmece Marina
Close to the ferry docks a new marina approaching completion, which will complement the existing water taxi service that connects to central Istanbul.
Medicana Echo Hospital
One of Istanbul's largest new hospitals, adjacent to the E5 and close to Astrum Towers.
Close by to Astrum Towers is the proposed site of the Green Valley initiative. The redevelopment of this 4.5 km long strip of land connecting Beylikduzu with the Sea of Marmara is being funded by local and city government to regenerate a previously under- utilized and neglected area. The extent of development can be seen from the adjacent aerial view and map provided by the Beylikduzu municipality.
Beylikduzu offers all this:
• Turkey's largest Exhibition Centre
• Connection to the Istanbul metro in 2011
• A cross roads for motorway links to Europe
• Ataturk airport within 25 minutes drive
• 4 major University campuses
• Modern local hospital
• Existing high quality residential, retail and leisure infrastructure
• 10 minutes drive to popular local beaches
• Local marina and water taxi services to Istanbul
• 200 meters to the new Green Valley urban renewal area
The proposed amenities will include:
• Cultural centre
• Open air theatre
• Arts centre
• Go-kart track
• Restaurants and cafes
• Children's play areas
• Water theme park
• Open air swimming pools
• Tennis and basketball courts
There are currently 2 ways of purchasing within the development:
Procedure 1
· £1000 Reservation Fee
· 30% after thirty days, minus reservation fee already paid
· 30% in May 2008
· 30% in May 2009
· 10% on transfer of the title deed
Procedure 2
· £1000 Reservation Fee
· 25% after thirty days, minus reservation fee already paid
· 75% on completion in May 2009
The completion date for the development is May 2009: therefore you will be gaining on your capital in the build up to completion.
Investment Incentives
Huge Capital Growth Expectancy
High Rental Yields Expected
Rental Management Company In Place
No Legal Fees
Emerging Market
Thriving Capital City
Huge Local Market
Early Re-Sale Possibilities
Completion Date 2009
75% Financing Available
Please contact us for a brochure and full detailed information.