Colliers International is proud to be the exclusive representative of Torunlar REIT, in the leasing of Torun Tower, to Denizbank, which is one of the leading institutions of the Turkish banking sector.
The transaction, which consists of 60,023 sq.m. of rentable A class office space in total, represents the largest ever office lease recorded in Turkey.
Torun Tower is a new A class office project, which is located in CBD of İstanbul, with 65,600 sq.m. office space spread to 35 floors, due to be completed in June 2014.
Kerim Cin, Managing Partner at Colliers International, stated that: “The immense size of this lease transaction, between Denizbank and Torunlar REIT, together with the fact that it is a pre-lease, proves the level of improvement, that the Class A office market has come along in the last 10 years in Turkey and its bright growth potential into the future. We are confident that large lease transactions such as this one, in Turkey, will create confidence to the market and attract more interest from local and foreign institutional real estate investors and developers.”