Galatasaray’s Capital Rent Will Reache 1 Billion TL

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Galatasaray Sports Club will have about 1 billion TL in the sale of Riva and Florya land. Galatasaray Sports Club and Emlak Konut REIT in accordance with the protocol signed in June 2016 Riva and Florya land by the way of tender for the sale of the Galatasaray club’s lands, it would be clear how many Turkish liras they will earn from these sales.

THE INCOME FROM RIVA WILL REACH 761.6 MILLION TL

The two Ankara-based partnerships that won the tender of  the 1.076.020 square meter land in the Galatasaray club Riva that was organized on 15 June 2017 for the first time they did not fulfill the tender requirements in the following period. Yilmaz Construction Commitment and Trade Inc., which ranked second in the highest bidder and fulfilled the requirements in the following process was the winner. With the sale of land which is on Riva, which will start the project in May, Galatasaray will have 761.6 million TL from this sale.

THE INCOME FROM FLORYA WILL REACH 238 MILLION TL

Galatasaray’s land in Florya with other land where is near of Galatasaray’s land in Florya was also bought by the contractor company Öz Er-Ka Construction, based in Ankara, with the bid amounting to 2 billion 250 million TL together with the final tender on 12 December, with the total area of 63,230 square meters. With this sale, the protocol signed with Real Estate Housing will enter the market of the Galatasaray Club about 238 million TL.

As a result, the sales revenue of Riva and Florya will reach to 1 billion TL in total sales revenue of Galatasaray club.

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