TASWEEK Real Estate Development and Marketing, an advisor and solutions provider serving the real estate markets, has announced that it has signed a Memorandum of Understanding (MoU) with Beyttürk Inc., a group of companies with a mission of enhancing commercial relations between Turkey and GCC countries.
The agreement which was signed by Beyttürk Chairman, Muhammet Ugurcan Barman, and Masood Al Awar, CEO of TASWEEK, will allow Tasweek to market strategic real estate projects under Beyttürk’s wings to the MENA region, acquire investment assets, and engage in joint venture development. Beyttürk, on the other hand, will constantly feed marketing and investment opportunities to its new partner and provide the necessary support to facilitate business. The company has been involved in various housing projects and began its particular focus on promoting local developments to Gulf states in 2008 in line with the vision of Turkish Prime Minister Recep Tayyip Erdoğan. It has been marketing a number of projects formed in cooperation Gulf companies through its subsidiary, KhaleejTurk Property.
The initial focus of TASWEEK under the partnership is the promotion of Beyttürk’s ‘Dreamland’ project, a picturesque 44-unit, 26,000 m2 villa complex arising in the northwestern city of Yalova. Located at the Termal district, an area famous for its hot springs, Dreamland is strategically located just an hour away from Turkey’s three largest cities – Istanbul, Bursa and Izmir.
“Turkey’s growing reputation as a real estate haven has been partly driven by the arrival of global players who have made the market more competitive and exposed to international buyers. Given its specific focus on the Gulf as a property partner, Turkey is a high-potential market we intend to fully explore through our alliance with Beyttürk. Our participation in Cityscape Abu Dhabi 2013 is a first step in introducing some of Beyttürk’s top Turkish real estate offerings to major Middle Eastern investors,” said Masood Al Awar, CEO, TASWEEK Real Estate Marketing & Development.
TASWEEK exhibited unique real estate products from Beyttürk and its other global partners comprising its extensive USD 250 million portfolio during Cityscape Abu Dhabi 2013. The event was also an ideal platform for TASWEK to announce key local projects aligned with the Abu Dhabi Vision 2030 development plan. TASWEEK took the opportunity as well to explain how its bouquet of property investment and service offerings are bundled into a one-stop-shop concept.
Beyttürk Inc. is a group of companies with the same corporate structure that includes Dünya Construction, Nuren Tourism, Bahrain Investment Group, Gulf Turkey Trade and KhaleejTurk Property. It has forged partnerships with various investment companies in Kuwait, Bahrain, and other parts of the Gulf.
TASWEEK Real Estate Development and Marketing draws from its core competencies of networking and know-how to provide the right property solutions to the right clients. Its comprehensive service portfolio includes Purchase and Sale of Strategic Assets; Asset Management; Joint Ventures and Strategic Alliances; and Marketing Consultancy.