Sogutlucesme Project

Akfen REIT is continuing the construction of TCDD's High Speed Train Viaduct and Terminal located in Söğütlüçeşme neighbourhood of Kadıköy district of Istanbul. The project is estimated to cost USD 45 million including VAT and is planned to be opened in the third quarter of 2024.

In the project designed by Tabanlıoğlu Architecture, Akfen REIT targets to create food and beverage, culture and art areas on an area of 19 thousand square meters with environmentally friendly buildings. The aim of the project, where the open-air market concept is planned to be realized, is to offer the same experience as its counterparts in cities such as London, Barcelona, Paris and Moscow. The project, which will cover a total area of 41,700 square meters, is expected to generate an annual rental income of 8 million Euros from the leasable area consisting of 19,000 square meters of food and beverage center, culture and art area and car park.