Page 29 - World Of Nurol Magazine-21

a company in our qroup

How can you be so confident about this? I already know the
answer to this question from our previous meetings, but I “The human circulation estimated to be observed
would like to have your answer to inform our readers. around Çağlayan Palace of Justice, where 5.000
people will be working, will amount to 120
We can call it generic and sector-specific experience. thousand people per day. What we are talking
A successful result is only possible when we are able to about here are two stadiums full of people. Such a
consider all comparative elements of it, to put ourselves crowd will naturally lead to a significant increase in
in the buyer’s shoes and to provide the right responses to the demand for the region.”
necessities.
doctors as another target group due to the proximity of
I would like to continue with my answer by mentioning the hospital. In addition, the building being located in
the other reasons supporting our confidence. The Palace such a central area as Mecidiyekoy and providing great
of Justice is situated right next to NUROL TOWER. As you possibilities for saving of time will be significant reasons
know, now there are two Palaces of Justice in Ankara – for preference. Neither we will have problems with relation
one in the European Side (Çağlayan) and the other in the to sales, nor will the investors encounter any issues with
Anatolian Side (Kartal). The human circulation estimated renting out.
to be observed around Çağlayan Palace of Justice, where
5.000 people will be working, will amount to 120 thousand Considering the prices, I gather that price figures not only
people per day. What we are talking about here are two depend on the square meter, but also increase as we go up
stadiums full of people. Such a crowd will naturally lead to the higher floors of the building…
to a significant increase in the demand for the region.
Yes, they do. On the higher floors, you get an incredible
You are underlining this point specifically for the Shopping view; thus the increase in the prices of offices/apartments
Centre, aren’t you? on these floors. By keeping the square meters of detached
units quite small, we created a large number of detached
This goes for both the Shopping Centre and the offices. units varying in gross area between 90 and 400 square
The food and beverage consumption, as well as shopping meters and enabled these units to be added to each
activities, of these people brings about a substantial other to obtain larger spaces. It is possible for an investor
synergy. With the opening of the Palace of Justice about to buy a number of small, independent units to reach
three months ago, the rents demanded for shops around larger square meters and even obtain the whole floor, i.e.
this region skyrocketed from TL300-500 to circa TL6.000. a gross area of around 1000 square meters. The detached
Considering the immediate vicinity, we are right in the units are in the price range of 350 thousand Dollars to
middle between Florence Nightingale Hospital, Trump 1.5 million Dollars. It is a very important feature in this
Towers and the Palace of Justice and as you know, this project that we address different budget ranges at the
land was originally the property of Yildiz University. lower stages of the pyramid.
After the 1999 Earthquake, it was evacuated due to the
resulting damage. Then, it was granted to the Housing Another feature that begs attention is the prospective
Development Administration of Turkey (TOKI), which, in formation of a Çağlayan Square as an alternative to the
turn, improved its zoning status and put it out to tender. Taksim Square in Istanbul. There are many beautiful
Having submitted the highest bid, we won the tender. projects currently in the planning process. It will be a
After that, as NUROL REIT, we obtained firstly the title living square.
deed and then the construction permit for the land. Nurol
Construction has undertaken the construction work of Now, we have a sufficient number of features making up a
this structure. Our target is to make this area liveable in good point for preference. Could you please wrap them up
2-2.5 years. The first step to reaching this target is to attain once again?
a sales rate of 60% before the summer season.
Surely! I explained the “Palace of Justice” factor and the
As an example, why would a lawyer prefer NUROL TOWER? assets we provide for jurists. The hospital and doctors
The most important point for this profession is being on are respectively in the same status as a target group.
time for a hearing. Therefore, it is quite significant for a I mentioned the figure of 120 thousand people, an
lawyer to own a place in an office tower which is located incredible flow of people. I also stated that the project
on a plot practically neighbouring the Palace of Justice. addresses the needs of both prospective investors and
Lawyers are one of our target groups. Similarly, we define those looking for a place to work or live in, as the range of