2 million 330 thousand trees were cut to the north of Istanbul and a real estate project was launched under the third airport, which was passed by the build-operate-transfer (BOT) model. The Cengiz-MAPA-Limak-Kolin-Kalyon Joint Venture Group, which won the airport bid, was granted the right to use 10 million 500 thousand square meters of land in the region. The partnership has developed a project for the land named Istanbul Airport City.
10 Thousand Population City
When the project worth 6 billion euros (about 24 billion liras) is completed, it will host a population of 10 thousand people. 2 thousand 500 housing, 3 hotels, health campus, free zone, office, logistics and shopping center will be located in the project will include 5 thousand people. Airport City, which has direct access to the newly built subway line, will be linked to the third bridge, high-speed trains and ports. According to the agreement between the company IGA, which was established by Cengiz-MAPA-Limak-Kolin-Kalyon for the operation of the third airport, and the State Airports Authority (DHMİ), the usage rights of 10 million 500 thousand square meters of the 76 million 500 thousand square meter land of the project is 25 years It’s up to 49.
To Introduce In The Middle East
IGA plans to obtain rent income from a total of 1 million 550 thousand square meters of land that investors have agreed to develop on the land. There is no limit to the construction of the airport city project, except for the flight mania report. Processes such as construction, construction license and housing will be carried out not with local administrations but with the Ministry of Environment and Urbanism. In the past days, Airport City, which is introduced in MIPIM, the biggest international real estate fair of the world organized in Cannes, France, is planned to be introduced in the Middle East in the coming months.
The third airport, with an area of 76.5 million square meters, will be a settlement area of 10.5 million square meters.
Children’s Drinking Fields
Only a new city will be built around the new Istanbul airport project. The establishment of a 4.5 million square meter free zone and logistics center is also planned. Business Park, which will be hosted by education campuses, information valley and a hospital, will serve large Turkish businesses and global businesses. On the other hand, 32,000 square meters of dining and drinking areas of the third airport were also rented by the IC Group, the contractor of the 3rd bridge project with TUM established by the children of Kalyon, Cengiz and Saat & Saat in the consortium that won the tender.