Özak GYO Unveils 10 Billion Lira Investment and New Projects in Istanbul
Istanbul, May 1 – Özak GYO, a prominent real estate investment company, has announced plans to launch two new projects in Istanbul with a combined investment value of 10 billion Turkish Liras. The company also declared 2026 as its “delivery year,” committing to the timely completion of several ongoing developments. These announcements were made during a press conference held yesterday in Istanbul, where Özak GYO shared its 2026 vision, new projects, and delivery schedule with the public.
2026: A Year of Deliveries for Özak GYO
Fatih Keresteci, General Manager of Özak GYO, emphasized the company’s commitment to its promises. “As always, we will keep our word and make the deliveries of our Özak Duyu Göktürk, Özak Dragos, and Hayat City Mahmutbey projects in 2026,” Keresteci stated, defining the year as a “delivery year.” He also highlighted Hayat Flora, a project developed in Küçükçekmece in partnership with Emlak Konut GYO, which comprises 1,431 independent units and is envisioned as a new neighborhood.
Keresteci further elaborated on the new ventures: “We are also launching Özak Palas Balmumcu and Hayat Topkapı. The total investment value of these two projects is 10 billion TL.”
Turkey: A Historical Investment Opportunity
Ahmet Akbalık, Chairman of the Board of Özak GYO, underscored Turkey’s potential to become a strong global investment hub. “In this period of increasing global uncertainties, capital is now more selective and seeking safe havens. Turkey, with its young population, urbanization needs, and depth in the real estate sector, is the strongest candidate in this scenario,” Akbalık remarked.
He also pointed out the recent tax package as a “revolutionary step” that makes Turkey competitive with centers like Dubai or Frankfurt for international capital. “We can transform Istanbul into a global attraction center,” Akbalık added.
Akbalık also addressed urban transformation, stating, “The transformation of a colossal metropolis like Istanbul should not be managed with piecemeal interventions; it must be managed with an integrated plan that includes transportation, social areas, and infrastructure.”
Innovative Financing Model and Market Challenges
To facilitate homeownership, Akbalık highlighted an innovative financing model developed by Özak GYO. “In an environment where market interest rates are above 3 percent, we offer our customers a 1.69 percent interest rate and installment options for up to 60 months,” he explained. Akbalık also touched upon the effects of high interest rates in the housing market, noting, “The high interest rate policy is currently squeezing both supply and demand.”
The company’s strategic investments and focus on timely deliveries aim to strengthen its position in the Turkish real estate market while contributing to Istanbul’s urban development.
Source: https://www.yenisafak.com/ekonomi/istanbula-10-milyarlik-yatirimla-iki-yeni-proje-4820024
