BUSINESS

National Bank of Greece buys Istanbul's Crystal Tower for 303 million dollars, Turkish daily says

The National Bank of Greece, owner of Turkey’s Finansbank, has purchased the Crystal Tower in Istanbul for 303 million dollars, daily Hurriyet reported on Tuesday.

According to the Turkish daily, the property, a 170 meter high, 40-story skyscraper in the district of Levent in cental Istanbul, covers a 60,000 square meter area.

The deal was reported to be one of the largest conducted in the neighboring country’s property market over the last few years.

The report also noted that the Greek lender was expected to use the building to house the new Finansbank headquarters.

The property was sold by Kory Property Investments, a subsidiary of Turkey’s Soyak Group.

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