The estimated project development cost (including land value) of Tuzla Residential Project that will be developed in Tuzla, İstanbul is TL 680-700 mn. The estimated project development cost of Kadıköy Hotel Project (our Company has 45% share in the project) which will be developed in Kadıköy, İstanbul is TL 135-140 mn (our Company's share). Our Company has not arrenged the tenders for the construction work in both projects, so the given developments costs are the estimations of our Company and may be updated after the realization of tenders.
Is Gayrimenkul Yatirim Ortakligi AS published this content on 17 January 2018 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 17 January 2018 10:54:11 UTC.
Original documenthttp://www.isgyo.com.tr/investor-relations/public-disclosures/2018/
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