Franklin Templeton aims to expand in Turkey
Friday, May 16, 2008
Annual meeting of the European Association for Investors in Non-Listed Real Estate Vehicles (INREV) in Istanbul was attended by nearly 400 real estate investment professionals.
Turkey offers notable future potential for real estate investment is further asserted by the news that Franklin Templeton Real Estate Advisors is looking for funds to operate in Turkey. At present, Franklin Templeton has invested in one private real estate fund in Turkey and has two business partners locally in Turkey. Franklin Templeton's real estate assets in Turkey include a retail unit and residential properties.
Franklin Templeton Real Estate Advisors plan to invest in Turkey was announced at the yearly conference of the European Association for Investors in Non-Listed Real Estate Vehicles (INREV) in Istanbul. The annual conference was graced with the presence of 400 real estate professionals. Raymond J. Jacobs, managing director of Franklin Templeton Real Estate Advisers has said that Turkey is a good nation for the investors to consider since it is an emerging market, house prices are raising at a substantial rate, therefore creating strong capital growth potential.
Hakan Kodal, president and chief executive officer of Krea Real Estate Development and Investment in Istanbul, said at the conference that the total housing demand is projected to be around 6.9 million units over 10 years. He also said that this is the ideal time to take a medium to long-term position in investing in Turkish real estate.
Social BookmarkingTurkey offers notable future potential for real estate investment is further asserted by the news that Franklin Templeton Real Estate Advisors is looking for funds to operate in Turkey. At present, Franklin Templeton has invested in one private real estate fund in Turkey and has two business partners locally in Turkey. Franklin Templeton's real estate assets in Turkey include a retail unit and residential properties.
Franklin Templeton Real Estate Advisors plan to invest in Turkey was announced at the yearly conference of the European Association for Investors in Non-Listed Real Estate Vehicles (INREV) in Istanbul. The annual conference was graced with the presence of 400 real estate professionals. Raymond J. Jacobs, managing director of Franklin Templeton Real Estate Advisers has said that Turkey is a good nation for the investors to consider since it is an emerging market, house prices are raising at a substantial rate, therefore creating strong capital growth potential.
Hakan Kodal, president and chief executive officer of Krea Real Estate Development and Investment in Istanbul, said at the conference that the total housing demand is projected to be around 6.9 million units over 10 years. He also said that this is the ideal time to take a medium to long-term position in investing in Turkish real estate.
Labels: Investment-property, Latest-news, Turkish-property
