News
New Investors open office in Turkey
11 March 2007
Merrill Lynch, one of the world's leading wealth management, capital markets and advisory companies, opened its 38th worldwide office in Istanbul. A new investor in the the real state sector. Merrill Lynch is interested in both commercial and housing projects. The Bosphorus Real Estate Investment Partnership's (Merrill Lynch owned Bosphorus Holdings's 50-50 partnership with Krea Gayrimenkul Holding) process to purchase 50 percent of the Eskisehir Neo shopping mall's shares is ongoing. A profit of 25% is the expected target in Turkey.
