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Finance hub to encompass 177 hectares
  16.09.2011


Preparation work on Istanbul’s new finance center has been launched by the Turkish Environment and Urbanization Ministry, according to an Anatolia news agency report. The center will cover a 177-hectare area in the Ataşehir district on Istanbul’s Asian side. When completed, it will be bigger than the finance districts in New York, London, Dubai and Hong Kong, according to the report.



 


Plans to build the Istanbul finance center have already affected prices in Ataşehir, Tebernüş Kireççi, a real estate expert from emlakkulisi.com, told the Hürriyet Daily News on Friday. “Ataşehir is Istanbul’s only location that has risen [regarding real estate prices] for eight consecutive years,” Kireççi said, adding that real estate prices in the district would be higher than Istanbul’s average in the long run.

Two public institutions and three banks will be located in the center, including Ziraat Bank, Vakıfbank, Halkbank, the Capital Markets Board and the Banking Regulation and Supervision Agency.
  
  

Source : hurriyetdailynews.com
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