Bilfinger Real Estate has boosted its service offering for investors, developers and owners in Turkey by creating a team of capital markets and consulting specialists.
Bilfinger Real Estate has boosted its service offering for investors, developers and owners in Turkey by creating a team of capital markets and consulting specialists.
Based at the company's location in Istanbul, the newly established unit will broker sales and purchases, perform valuations, advise during construction projects and operate as local real estate manager.
The unit reports to Selim Sahin, who has over 10 years of management experience in investment activities and business development.
Selim Sahin: 'Turkey is one of the fastest-growing real estate markets worldwide. As a result of the Urban Transformation Law enacted by the government in 2012, we expect that 6.7 million of the country's buildings will be demolished and rebuilt over the next 20 years.
'The associated project volume is estimated at around $450 bn (€405 bn). With our valuation, transaction and consulting expertise, we are able to give owners, investors and developers the best possible support in implementing and marketing construction projects."
In addition to Sahin, the capital markets and consulting team's members include two state-certified real estate appraisers: Deniz Sahinkaya, sales & leasing director, and Evren Tufekci, sales & leasing manager. The unit is to be expanded to around 15 employees within the next two years.
Leyla Özulucak, managing director of Bilfinger Real Estate Turkey: 'We have successfully established ourselves as one of the leading shopping centre managers in the Turkish market in the past eight years. Through our capital markets team, we are enhancing our service portfolio for investors and owners significantly and for the first time focusing on other types of use, such as office and residential. Given the booming real estate market and the enormous construction project pipeline, this is the right step at the right time for our customers.'
