The Agaoglu Group, one of the biggest real estate firms in Turkey, has recently sold 469 flats worth $ 190.7 million to a Saudi businessman in one deal, a Turkish paper reported.
The sale represents nearly 10 percent of the Agaoglu project in Istanbul, which has a total of 4,789 apartments. The paper quoted a report filed by the weekly Turkish magazine Ekonomist.
The Saudi businessman, whose identity has not been disclosed, has reportedly paid a deposit worth $ 10 million and will pay the remainder this week.
Meanwhile, Hasan Rahvali, head of the Agaoglu Group, said the sale was unique in the Turkish construction sector. He said the Saudi buyer decided to make the deal after a recommendation from two Saudi businessmen, in which they bought 60 apartments each from their group last year.
Saudi buys 469 flats worth $ 190 million in Istanbul
Saudi buys 469 flats worth $ 190 million in Istanbul
