Nesli Han, Istanbul, Turkey:
In February 2007 Landmark acquired a fully leased residential complex in a sale and leaseback transaction with Turkey’s prestigious private Bilgi University .

The property is located in the Tophane neighborhood in Beyoglu, next to the rapidly redeveloping Galataport area overlooking the Bosporus on the European side of Istanbul.

The property consists of approximately 9,500 square meters containing118 rooms which currently accommodate visiting faculty and students. The complex is composed of two attached and a third stand alone building which were fully renovated in 2005.

This acquisition represents a combination of Landmark’s dual strategy by acquiring both a long term leased income producing asset along with a site with significant re-development potential due the properties view of the Bosporus and area’s recent designation as a tourism-commercial zone.

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