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Istanbul - January 2, 2009 – IPS, a leading Istanbul based residential property management firm, announced today the unveiling of Nuri Ziya Lofts, a serviced apartment building located in Galatasaray region of Beyoglu. Nuri Ziya Lofts, comprising of 18 residential and 1 commercial units, will start accepting tenants by March 1st, 2009.
The apartments are individually offered to interested investors for sale with an estimated rental return of 10% per year when compared to similar establishments in the region. The apartments come fully furnished and with a full-management package that enables the investors to enjoy higher returns while not having to get involved in the day-to-day operations.
"Increasingly travelers to Istanbul and around the world are seeing great advantages in fully-serviced apartment living, and are hence demanding more than just a hotel room. At very reasonable prices, they are able to get spacious and flexible accommodation options. Although we sold some of the units pre-launch, we will start offering more units for sale after January 5th and it is an excellent opportunity for investors looking for higher returns and great capital gain potential." said Hakan Ozcan, the director of Business Development at IPS Management.
Ozcan also added "Nuri Ziya Lofts will echo IPS’s core philosophy of providing superior location, personalized service and luxury experiences. It is designed for both corporate and leisure travelers who are planning on short to extended stays in Istanbul. To that extent, the apartments are totally fitted and furnished with a full-house of top-of-the-range kitchen appliances and well-apportioned living and dining areas. The interior of the apartments are designed to represent our commitment to hygiene, safety and hi-tech equipment in the living spaces we provide."
Nuri Ziya Lofts, developed by Taurus of Galata investment firm is the first property in a series of multiple serviced apartment projects to be launched by IPS. 4 more projects are set to follow before the end of 2009.
Enhancing the appeal of the location, Nuri Ziya is only a stone's throw away from Istanbul’s key business and leisure districts. Taksim, Istiklal Street, Beyoglu, Karakoy are easily accessible, and Nisantasi, the city's most sought-after lifestyle district is also within walking distance.
Nuri Ziya Street offers a unique blend of tranquility and proximity to the city’s most lively pedestrian area. Prominent neighbors include the French Residence of the French Consulate, the Galatasaray Highschool, the Free Mason’s Lodge and Koc University’s Anatolian Studies Institute.
About IPS:
IPS, Investor Property Services, is an Istanbul based property management company that provides a range of investment properties for sale and after-sales services for individual and institutional investors. For additional information, please contact Investor Property Services at 90(212)250-3980 or visit our website at http://www.ips-management.com/
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