When investors didn’t come, annuity sales began.

When investors didn’t come, annuity sales began.

Country Unable to raise money from abroad, the government once again set its sights on valuable plots of land in the city centres. President Tayyip Erdoğan included within the scope and privatization program the valuable 132,000-square-meter (132-acre) land in Ankara’s Çankaya district, which has long been awaiting the construction of the Ministry of Foreign Affairs building. According to the Presidential Decree published in the Official Gazette, the land located in front of the MHP headquarters and composed of two separate plots may be sold, leased, co-participation model and other provisions appropriate to the needs of the business, as one of the methods of establishing non-real property rights or granting the right of exploitation, it will be personalized by applying several of them together.


It was decided that the privatization process of the land in the Karakusunlar district of Çankaya, where the archives building of the Ministry of Foreign Affairs is located, will be completed no later than the end of 2027. The income obtained from the privatization of the land, once After deducting expenses, they will be transferred to the account that will be opened in the name of Foreign Affairs in the Treasury to meet the needs of new service buildings of the Ministry of Foreign Affairs. The decision to sell the land on which a public building will be built demonstrates a liquidity crisis: the land to be privatized is made up of two separate plots of 114.5 and 18 decares. The archives building of the Ministry of Foreign Affairs is located on the small plot and the trees on the large plot. On the land zoning plan, the standard size appears to be 1.75 and the floor height is 10 stories. However, during the privatization process, the floor height and its equivalent are expected to change in a way that increases the rental value.

Sales in 17 districts of Istanbul.

Force As the privatization of many public assets was being prepared, former CHP deputy Gürsel Tekin claimed that steps had been taken to sell valuable land in 17 districts of Istanbul. Tekin stated that the lands are in Silivri, Sarıyer, Eyüpsultan, Çatalca, Esenler, Kağıthane, Küçükçekmece, Büyükçekmece, Ümraniye, Maltepe, Tuzla, Kartal, Beylikdüzü, Sancaktepe, Şile, Beykoz and Eyüp districts of Istanbul. The Ministry of Transport also put the 9-decare olive grove in Urla up for sale.

Source: Sozcu


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