Nurol REIT Ventures Into The GCC Markets

Nurol Holding, celebrating its 50th anniversary this year, is a renowned Turkish industrial conglomerate operating in the sectors of construction, defense manufacturing, energy, and tourism industries. Founded in 1966 and has been carrying out operations in Turkey and overseas, with almost 40 subsidiary, affiliation, branch and project partnership, today. To commemorate this milestone accomplishment, the company is launching Nurol REIT in the region and inviting GGC investors to Istanbul, Turkey, to choose from their wide array of properties.

Nurol has presence in the Gulf region with Nurol Construction and Trading Company in Abu Dhabi since 2003.  It holds an “A class” contracting license and has displayed an exemplary record of growth and concluded more than USD 1 Billion worth of projects, including the Khalidiya Palace Rotana Hotel and Residences Project and Causeway Bridge Connecting Abu Dhabi and Al Reem Islands.

Nurol Real Estate Investment Trust (REIT) was launched in 1997 inspired by the corporate philosophy of “Invest in Life.” Nurol REIT is committed to superior quality and seeks to emerge profitable real estate and property to bring value to its investors. Ceyda Carmikli Kilicaslan, Executive Board member of Nurol REIT, states “We would like our residents to have general facilities within the complex they live in order to increase their daily life standards. As Nurol REIT, our projects’ main objective is to build quality properties that make our residents feel as though they have “invested in life”, much like our company philosophy.” Nurol REIT has paved its position among the leading companies in its industry by building value-added projects in terms of land-development, project-designing, marketing and sales since the very commencement of its operations.

Nurol REIT’s portfolio includes diverse projects in various cities across Turkey, such as Nurol Plaza, which is deemed as the finance and business center of Istanbul; Nurol Residence, one of the most luxurious housing projects; Karum Business and Shopping Center, which is among major attraction centers; and OASIS Shopping, Culture and Entertainment Center.

Nurol REIT’s ongoing key projects to add to its current portfolio consist of the following:

Redefining the concept of ‘luxury’ to also indicate practicality and pleasure, Nurol Life coined the term “practical luxury”. Situated in Seyrantepe, a prospering landmark surrounded by exuberant neighbourhoods, the building rises over a 9.500m2 land plot, and consists of 440 tower flats and 26 terrace homes. The residential structure is an amalgamation of sophistication, relaxation, and recreation, the structure houses a pyramid-shaped Roof Bar on the 50th floor and the Pool & Café to create the ideal setting of style and serenity. Nurol Life is designed by the award-winning architect, Hakan Kiran, and encompasses elaborate details to offer residents an inimitable lifestyle and maximum comfort.

Creating an ideal ambiance for families, Nurol Park offers easy access to the two main highways in Istanbul that connects the two continents of Asia and Europe. Planned for completion in 2016, the project is being built upon 55,000m2, in accordance to a concept of a valley of life. The mixed use building, predominately of residential units, includes 43,200m2 landscape area, 8 residential units, 1 office block, 84 Loft (2+1, 3+1, 4+1), 884 Tower (1+1, 2+1, 3+1), 544 Residence (1+1, 2+1) spaces. Activities include indoor and outdoor swimming pools, and a fitness centre for a healthy lifestyle.

One incredible aspect of the project is the need to preserve the community and neighbourhood life. Out-door recreation and relaxation spaces allow for a warm and lively neighbourhood ambiance.  Another fantastic feature is the Park Çarşı. A stone’s throw away from Nurol Park, Park Çarşı has cafés to restaurants, and many more to cater to basic and diverse needs.

The new destination for business and luxury residential comfort, Nurol Tower offers distinctive homeoffices in Mecidiyeköy, the commercial center of Istanbul. NUROLTOWER HomeOfficeHome® provides the chance to use spaces varying from 73 square meters to 193 square meters. With elevated floors, four meter ceilings, and a unique triangular design, soundproof windows and entrancing views, Nurol Tower is the ideal homeoffice location to unwind or be productive whenever needed. Determine to cater to its inhabitants every need; Nurol Tower Bazaar has cafes, restaurants and shops, such as pharmacy, hair dresser, dry cleaner, as well as banks’ ATM. The bazaar will entail two-floors of 36 commercial services units of 6,500 square meters. The structure not only provides the ideal homeoffice ambiance, but is also a candidate of LEED Gold, aiming to create an environment-friendly world. Nurol Tower intends to achieve 20% efficiency in energy consumption. Their sustainable solutions to be implemented include reduction of carbon emissions, vegetation appropriate to the regions climate and soil structure, bicycle storage, charging stations for electric vehicles, and more.