Privatization Administration to Sell Properties in Ankara and Istanbul
The Turkish Ministry of Treasury and Finance Privatization Administration (ÖİB) has announced its intention to privatize several properties in Ankara and Istanbul through a sale process. The announcement, targeting investors, was published in the Official Gazette on January 21, 2026.
Details of the Sale
According to the official announcement, properties located in the Çankaya district of Ankara and the Büyükçekmece district of Istanbul are slated for sale. Interested parties have until February 10, 2026, to submit their final bids.
The tender process will involve a “negotiation” method, which includes receiving sealed bids from multiple bidders and conducting discussions, ultimately concluding with an open auction.
A temporary guarantee fee has been set for the properties. For the properties in Çankaya, the fee is 100 million Turkish Liras, while for the Büyükçekmece properties, it is 60 million Turkish Liras.
Background of the Privatization Administration
The Privatization Administration, operating under the Ministry of Treasury and Finance, is responsible for the privatization of state-owned assets in Turkey. Its primary objective is to increase efficiency in the economy and reduce the state’s role in economic activities by transferring public assets to the private sector.
This current sale is part of ongoing efforts to streamline public holdings and generate revenue for the state budget. The strategic locations of the properties in Ankara, the capital, and Istanbul, the country’s economic hub, are expected to attract significant investor interest.
The decision to sell these specific properties aligns with the government’s broader economic policies aimed at optimizing the use of public resources and fostering private sector investment. The transparent and competitive bidding process, culminating in an open auction, is designed to ensure fair market value for the assets.
The announcement underscores the government’s commitment to continuing its privatization program, which has been a key component of its economic strategy for several decades. Investors, both domestic and international, are encouraged to review the details in the Official Gazette and prepare their bids within the stipulated timeframe.
The outcome of these sales will be closely watched as an indicator of investor confidence and the government’s progress in its economic agenda. The funds generated from these privatizations are typically channeled back into public services or used to reduce public debt, contributing to overall fiscal stability.
