20. Mai 2010     Print Print 

Turkey's newest marina boosts Istanbul's western suburbs

Istanbul's western suburbs are set to receive a further boost with the announcement of plans to build a new marina worth $16 million.

Dati Investment Holding, one of Turkey's leading development consortiums which also owns the high end Galleria shopping mall, the Crown Plaza and Istanbul's latest 5* hotel, the Sheraton Istanbul Ataköy Hotel, intends to build a new marina in the Ataköy district located on the European side of the Bosphorus.

The new Park Marina project will cover some 15,000 square meters near the Ataturk International Airport, only 15 miles west of Istanbul's financial centre, and will include restaurants, shops and a state-of-the-art marina. Park Marina is scheduled to open in mid-September.

Steven Worboys, MD of Experience International which is marketing a number of luxury residential developments in the western suburb of Beylikduzu, only 20 minutes from Ataköy district, comments: "Such significant investment in the suburbs of Istanbul is extremely positive for the future. As the city has grown, pressure on available land in the financial centre has increased and now developers are looking to burgeoning districts in the west such as Ataköy and Beylikduzu which are seeing significant population increases and investment in infrastructure."