Number of stores
Introduction to the Project and Location
A. Detailed Information:
Palladium Mall consists of 4 commercial floors, directly topped by the Palladium Kayaşehir Tower, which is one of the A+ standard administrative towers, and consists of 26 floors.
B. Project Features:
The project is located just 50 meters from the new Kayaşehir Metro Station, which directly connects to Istanbul Airport.
It is five minutes away from Başakşehir Medical City, the largest in Europe.
It is 15 km away from the new Istanbul Airport and 25 minutes from the Istanbul city center.
C. Location:
The project area, located in the Başakşehir municipality, boasts significant social and commercial advantages. It is being prepared to become a major attraction center in Istanbul. It is also considered one of the fastest-growing areas in Turkey in terms of urban development and infrastructure. Başakşehir is among the most important and rapidly developing areas in Istanbul, having become a central area for all of Istanbul thanks to its strong infrastructure and the major projects located there.
Brief Information about the Fund and Investment Conditions
- Fund Name: ONE TOWER REIF, Karma REIF
- Issuer: Albaraka Asset Management, Albaraka Asset Management
- Manager: Albaraka Asset Management, Albaraka Asset Management
- Total Shares: 21,326+ and 5,000
- Shares in Circulation: 0, 0
- Issue Price: 37,000.00 TRY, –
- International Securities Identification Number (ISIN): TRYAGPY00028
- Evaluation Period: Annual, Annual
- Last Price Date: 31/05/2022, 31/05/2022
- Net Asset Value: 789,062,419 TRY
- Percentage of Securities in the Fund: 100%
- Securities in the Fund: 0
- Value of Securities (TRY): 0
- Annual Fees (Basis Points): 1%
- Total Expense Ratio (Basis Points): 1%
- Transfer Between Investors: Available
- Currency: Turkish Lira (TRY)
- Fund Type: Real Estate Investment Fund
- Prime Location
- First-Class Commercial Project
- Profitable Property Sales
- High Rental Income
- Property Valuation
- Capital Gains
The share price (per square meter) has been set at 37,000 Turkish Lira per square meter.
Each share in the fund consists of 100 shares, valued at 3,700,000 Turkish Lira, with a minimum investment of 50 shares, amounting to 1,850,000 Turkish Lira.
Investment in the fund will be made in the form of share units.
The fund will be liquidated at the end of 2023.
The purchase price is very favorable compared to the current prices in the area.
The mall is fully constructed.
The mall will be managed by a globally renowned company specializing in mall management worldwide.
We will place this portfolio into a tax-exempt investment fund.
If an investment equivalent to 500,000 USD is made, the investor can obtain Turkish citizenship.
After six months, the investment can be transferred to another investor if there is a desire to sell, provided there is a new investor.
Upon the liquidation of the fund and the sale of properties with a title deed, a fund investor has the priority to purchase a shop within the mall at the offered price at that time.
