Koza Altın puts the White Pavilion in Bebek up for sale for the third time

Koza Altın İşletleri A.Ş. (#KOZAL) offers for resale luxury real estate located in Beşiktaş Bebek Quarter, one of the most valuable areas of Istanbul, and known to the public as “White Mansion”. According to a statement made by the company to the Public Illumination Platform (KAP), the immovable in question 925 million TL + VAT Muhammen Bedelle It will go to tender for the 3rd time.

Total 3,091 sq.m. The building, located on a large plot, is among the real estate owned by Koza-İpek Holding in the past, which was later confiscated by TMSF. The property, owned by FETÖ fugitive Akın İpek, was transferred to Koza Altin's portfolio after legal proceedings.

Tender Process: Date and Method Revealed

Tender, Wednesday, August 6, 2025 at 2:00 p.m. It will be held at the company's headquarters in Ankara Batıkent. A special “tender commission” will be created within the company for the sale, which will take place through open bidding and auction. The sales process will be carried out in accordance with the detailed specification prepared by the commission.

Third Sales Initiative: Why It Hasn't Been Sold Before

The White Pavilion has been put up for sale twice more to date, but tenders had been cancelled due to insufficient bids. In previous sales, the transaction could not be completed due to the fact that the offers were below the price of Muhammad or the failure to meet the specifications.

The first attempt to sell 2023 in February It was made, but it was unsuccessful because the requested offer did not come. If the second tender 2024 in September was arranged, but was again canceled due to lack of proposals. This third venture will be closely watched by investors and the industry as to whether the sale will finally take place.

Location Value: One of Istanbul's Most Prestigious Spots

The real estate that is subject to sale is considered one of the most prestigious properties in Istanbul due to its location and historical texture close to the Bosphorus. The immovable property, located on 1259 islands 132 and 133 of the Bebek Quarter, has the property of being both a luxury residence and an attractive property for diplomatic missions or private institutions.

In this context, the sale is an important example in terms of valuations not only for the company's balance sheet, but also for the real estate market. In addition, the proceeds from the sale will be closely monitored in terms of Koza Altin's cash position and investment strategy.

Expectations Are High, There Are Uncertainties

In investment circles, the expectation that the sale will take place this time is strong. However, the high Muhammad price and fluctuation in market conditions remain uncertain about the outcome of the tender. In addition, the sales price including VAT It could exceed 1 billion TL being evaluated.

The company's cash from this sale may be effective in terms of new investment opportunities or dividend policies in the future. Therefore, the result of the tender is not only the real estate sector, KOZAL shareholders and stock market investors It will also be carefully monitored.