Bosphorus Development

Bosphorus Development is an investment and development company in Turkey. It specializes in the construction of residential complexes, offices, business centers, hotels and shopping and entertainment centers. Among its projects is Istanbul Tower 205 skyscraper and Istanbul Aquarium.

Bosphorus Development
TypeJoint-stock company
IndustryInvestment and development
Founded1920s
Headquarters
İstanbul
,
Turkey
Websitehttps://bosphorusdevelopment.com/

History

The history of the company dates back to the 1920s, when Vahdettin Sachaklioglu and Ayşe Sachaklioglu founded a family business in Turkey. In the beginning, the company was engaged in retail and agriculture.[1][2]

In 1955, Hüseyin Sachaklıoğlu and Ibrahim Halil Sachaklıoğlu joined the company. Later, the company was headed by Omer Sachaklioglu, under whose leadership the company achieved its greatest development.[3]

Subsequently, the company began to engage in other types of business activities, including opening a chain of grocery stores, restaurants and bakeries, manufacturing furniture, textiles, selling jewelry, as well as gas supply and oil products trading.[4][5]

Since 1970, the business has focused on the construction of residential and commercial real estate.[6] In particular, it built its first property, Nur Apartmanı, in the city of Shanliurfa in eastern Turkey.[7]

In 2011, the group of companies realized Istanbul Aquarium, one of the world's largest themed aquariums with a total area of 23 thousand square meters. In 2012, the company built the Aqua Florya Mall next to the aquarium and three years later the Crowne Plaza Istanbul Florya hotel.[8] Aqua Florya Mall won several major awards[9] including the contest "Architectural Symbols of the City", organized by Hürriyet newspaper in Turkey.[10]

Istanbul Aquarium

Also in 2019, the Istanbul Tower 205 skyscraper was built, which is the tallest office building in Turkey. Metal Yapı Konut and Yesil GYO (a real estate investment fund) were the investors and developers of the project, and Skidmore, Owings & Merrill (SOM) was responsible for the implementation of architectural solutions.[11][12][13][14]

Istanbul Tower 205 received the "Best Office in Progress" award in the "Sign of the City" competition from the Hürriyet[15] newspaper and the European Property Awards in two categories: "Best Commercial Tall Building" and "Best Office Development".[16][17][18]

See also

References
  1. "Турецкий девелопер Bosphorus Development выходит на украинский рынок недвижимости". biz.liga.net (in Russian). 2021-12-24. Retrieved 2023-07-11.
  2. "Закордонний досвід: як турецький девелопер освоює український ринок". Mind.ua (in Ukrainian). Retrieved 2023-07-11.
  3. Nevmerzhytska, Alyona (2021-11-02). "New international development sector player enters Ukraine - Nov. 02, 2021". Kyiv Post. Retrieved 2023-07-11.
  4. "Bosphorus Development приступит к строительству своего первого проекта в Киеве в начале 2022 года - глава набсовета компании". Интерфакс-Украина (in Russian). Retrieved 2023-07-11.
  5. "Renzo Piano's Istanbul Modern is inspired by the Bosphorus' waters, its reflections of sunlight, and its location's heritage". Global Design News. 2023-05-04. Retrieved 2023-09-06.
  6. "Турецкий девелопер Bosphorus Development выходит на украинский рынок недвижимости". biz.liga.net (in Russian). 2021-12-24. Retrieved 2023-07-11.
  7. Nevmerzhytska, Alyona (2021-11-02). "New international development sector player enters Ukraine - Nov. 02, 2021". Kyiv Post. Retrieved 2023-07-11.
  8. "Bosphorus Development: як провідний турецький девелопер виходить на український ринок нерухомості — Forbes.ua". forbes.ua (in Russian). 2021-12-21. Retrieved 2023-07-11.
  9. "ECE Türkiye, Aqua Florya'nın kiralama faaliyetlerini üstlendi! - 12-05-2015". emlakkulisi.com (in Turkish). Retrieved 2023-07-18.
  10. "Aqua Florya Avm Haberleri - Son Dakika Aqua Florya Avm Hakkında Güncel Haber ve Bilgiler". HÜRRİYET - ARAMA (in Turkish). Retrieved 2023-07-18.
  11. Turkey, Expat Guide (2021-04-26). "Top 10 Highest Buildings in Turkey » Expat Guide Turkey". Expat Guide Turkey. Retrieved 2023-07-24.
  12. "Leading Turkish developer enters the expanding Ukrainian real estate market". bunews.com.ua. Retrieved 2023-07-24.
  13. "İstanbul Tower 205, Sapphire'den sonra en yüksek bina olacak! - 13-06-2017". emlakkulisi.com (in Turkish). Retrieved 2023-07-24.
  14. "Metal Yapı Konut'un Prestijli Projesi İstanbul Tower 205?e Büyük Ödül - Ekonomi & Finans haberleri". www.hurses.com.tr. Retrieved 2023-07-24.
  15. "Gayrimenkulde 2016'nın yıldızları". www.hurriyet.com.tr (in Turkish). 2016-11-10. Retrieved 2023-07-18.
  16. Dergisi, Ekoyapı (2018-09-14). "İstanbul Tower 205'e European Property Awards 'dan 2 Ödül!". www.ekoyapidergisi.org (in Turkish). Retrieved 2023-07-18.
  17. "İstanbul Tower 205'e European Property Awards'dan 2 ödül!". aksam.com.tr (in Turkish). 2018-09-14. Retrieved 2023-07-18.
  18. "Istanbul's second tallest building sold for 594 Million USD". Property Turkey. Retrieved 2023-07-18.
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