TURKEY: Ten shortlisted for bank headquarters

14 June 1996

Ten ventures have been shortlisted to build a $250 million headquarters complex for Is Bankasi in Istanbul's 4th Levent district.

The closing date is 22 July.

The 10 ventures of local companies with foreign partners are:

Koray with Germany's Hellit Woerner Bayindir with the UK's John Laing Internatlonal and South Korea's Hip High Otak with Germany's Philipp Holzmann Metis with the UK's Balfour Beatty and South Korea's Sung Yong Tekfen with France's Campenon Bernard Garanti Koza with Germany's Hochtief Alsim Alarko with South Korea's samsung Gama with Austria's Ilbau and Strabag Gulermek with the US' Morse Diesel Tepe with the US' Turner Steiner.

Is Bankasi plans to finance the project from its own resources. The project will have three separate towers of between 34 and 50 storeys on a site of 225,000 square metres.

The complex will include shopping malls, a bank branch, social and cultural facilities, and car parking.

The institution is also raising a $300 million, one-year loan for pre-export financing (see above).

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