Financial centre

Istanbul Financial Centre (IFC)

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• published: 30 Sep 2015
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AGAOGLU INVİTES THE REGİON’S INVESTORS EXCLUSİVELY TO THE LAUNCH OF WORLD’S NEWEST FİNANCİAL CENTRE AT CİTYSCAPE GLOBAL 2015 Istanbul Financial Centre (IFC) project had its world premiere in Cityscape 2015 with a prestigious ribbon cutting ceremony at 2:00pm along with its introductory film on 8th of September 2015 at their booth S3 – E10 with the presence of Turkish Consul General, H.E. Erdem Ozan. The project was inspired by studying examples of prominent financial centers around the world. Financial centers in New York, London, Dubai and in the Far East were all examined to identify needs and develop the similar business model in Turkey. The Istanbul International Financial Center project, located in one of the most prominent areas of Istanbul that promises a prestigious investment, is a LEED Gold certificate candidate; a globally accepted certificate for green buildings. The project is slated to initially turn Istanbul into a regional financial hub and eventually grow into a global financial hub. Istanbul International Financial Center project will rise over a 303,000 m2 land space and 3,181,116m2 of construction area. Its architecture will embody Ottoman influences from the Grand Bazaar and the Topkapı Palace. Headquarters of prominent institutions, such as Central Bank of the Republic of Turkey, Turkish Republic Ziraat Bank, Halk Bank, Vakıflar Bank, Banking Regulation and Supervision Agency and Capital Markets Board of Turkey will also be present within the project. Additionally, the project will consist of four main regions and also host private management and audit companies, several buildings that belong to banks and financial institutions, a congress and cultural centre and houses as well as support and service units. Ali El Salih, the foreign customer relations manager of Agaoglu, states “Istanbul International Financial Center Project, with its transportation, sustainability, structural, mechanical, electrical, geotechnical, security systems, information technology and a world-class quality of infrastructure disciplines will enable the finance center to be a benchmark project amongst other financial centers and it is located at the most valuable land to investment in Istanbul.” Tax Advantages to Foreign Investors The IFC project will be subject to separate regulations, by introducing a special mechanism in order to support the Financial Centre business model. Tax, allocation of investment, infrastructure works and services will be placed into this special incentive arrangement, hence encouraging foreign investment. IFC is a Project Supported by The Turkish Government IFC project has been established with the collaboration of Ministry of Development in Turkey and it is under the guarantee of Emlak Konut endorsed by TOKİ Prime Ministry. Major government and semi government entities will be presented with their IFC offices in Istanbul. Legal Implementation System Practised in IFC Agaoglu has established a system for international law regulations which will be effecting the general operation of the Istanbul International Financial Centre; from taxing to law and from human resources to marketing the entire centre. Shopping Mall, Cinema & Conference Center About 41 thousand square meters of the overall 98 thousand square meter of the project enables IFC to be the shining star of Istanbul located in Atasehir and will cherish its surroundings with various facilities like congress and culture centers with 2.500 capacity to host word-class events, schools, mosques, police stations, fire stations, conference halls and shopping mall. The shopping mall will have 152 commercial units of various sizes and 9 cinemas. In accordance the project will accommodate 50.000 employees influencing a lively cultural and social life will be your gateway to a prestigious world with office and residence choices. There will be a car park with the capacity to host approximately 8000 vehicles, 4300 of which will be in the third region of the project.