Large Land Plot for Sale in Istanbul Previously Owned by the State Railways – Vezir Agency

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Privatization Administration Announces Land Auction in Istanbul

The Privatization Administration is set to evaluate the offers received today for an expansive 8,088 square meter plot of land situated in the vibrant Maltepe district of Istanbul. This prime property, located in a strategic area close to the sea, has garnered significant investor attention due to its advantageous position.

The plot is positioned only 660 meters from the shoreline and a mere 80 meters from the Marmaray railway line, making it highly accessible for transportation and development. Its location at the intersection of streets on two sides and being at a corner lot further enhances its value, offering excellent potential for various development projects.

Participating Bidders:

• Vahit Karaarslan
• Önder Akpınar
• AK AS Yapı Sanayi
• Arslan Yapı Market
• Net Tekstil

The final auction price will be determined today based on the competitive bids submitted by these five companies. This process aims to select the most favorable offer for this valuable asset.

Historical Background of the Land

The land, identified as Bağlarbaşı Neighborhood, 16593 block, parcel 1, was previously owned by the State Railways (TCDD). It is now entering a new chapter through the privatization process, which is expected to bring new development opportunities to the area.

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