Turkish real estate leaders DEIK, GYODER and Turkey-Luxembourg Business Council held a meeting to discuss the real estate funds and Investment opportunities in the real estate sector of Turkey. The meeting took place last 3 March 2016 in Luxembourg, which is considered the second largest player in the investment funds world and the largest in the Euro region since 2005.
The real estate platform of Turkey continued its overseas activities which pushed to make the sector more efficient and successful. A link was being built between the businesses of the two countries, with the goal of increasing the commercial and investment volumes, with the cooperation of the DEIK Turkey Luxembourg Business Council and the Luxembourg Chamber of Commerce, as well as contributions of the Turkish Embassy in Luxembourg, according to a report from RENT.
The Turkish real estate meeting's aim was to introduce the sector in Turkey to the existing investment funds in Luxembourg which had surpassed 3 trillion Euros with a record increase in 2014, as well as giving details concerning the overall economic atmosphere and acquiring the funds of Luxembourg for projects in Turkey.
Carlo Thelen, Director General of the Chamber of Commerce, had stated that as well as being a major market, Turkey is a hub which opens to Central Asia and the Middle East. Over the last 10 years, Luxembourg had become the third largest foreign investor in Borsa Istanbul. In 2015, the trade between the two countries had led to Luxembourg being dubbed a small country of huge opportunities. The total of the real estate funds of Luxembourg as of 2015 reached 40 billion euros. The main idea behind the seminar was that the companies of Luxembourg would profit greatly from establishing commercial and economic ties with Turkey at even higher levels.
Turkey Real Estate Council vice-Chairman, Özlem Gökçe, said that the real estate sector had become increasingly institutionalized in the last ten years, and will continue its momentum of growth, Zawya reported.
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