Rotana/Mar Yapi – G Rotana Mixed-Use Tower – Istanbul - Project Profile
"Rotana/Mar Yapi – G Rotana Mixed-Use Tower – Istanbul - Project Profile" contains information on the scope of the project including project overview and location. The profile also details project ownership and funding, gives a full project description, as well as information on contracts, tendering and key project contacts.
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Rotana Hotel Management Corporation PJSC (Rotana) and Mar Yapi Turizm Insaat San ve Tic AS (Mar Yapi) joint venture is undertaking the construction of a mixed-use tower in Turkey.
The project involves the construction of a 30-story, 38,500m2 mixed-use tower. It includes the construction of 152-room hotel, 153 apartment units, 2,500m2 shops and office space, parking space and related facilities.
The project received construction permits from the Istanbul Metropolitan Municipality in July 2014 to start work by August 2014.
In September 2014, Centro by Rotana signed a management contract with Mar Yapi to operate a Rotana brand hotel within the building.
An in-house division of Mar Yapi is undertaking the construction work for the project.
As of June 2015, construction work commenced.
As of April 2017, construction work is underway and expected to be completed by October 2017.
The project involves the construction of a 30-story 38,500m2 mixed-use tower in Istanbul, Turkey.
The US$75 million project includes the following:
1. Construction of a hotel with 152 rooms
2. Construction of 153 apartment units
3. Construction of 2,500m2 retail and office space
4. Construction of parking space
5. Construction of related facilitiesReasons To Buy