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ARTICLE · 13 DECEMBER 2016

Turkey Introduces Additional Rules For Determining Price During Tendering Procedures

Moroglu Arseven
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Turkey has introduced a new rules for determining price during tender procedures, for certain investors.

TurkeyReal Estate and Construction
Dr. E. Seyfi Moroğlu, LL.M.
Dr. E. Seyfi Moroğlu, LL.M.
Sevi İslamageç
Sevi İslamageç
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Turkey has introduced a new rules for determining price during tender procedures, for certain investors. The new rules apply to investors subject to the Industrial Zone Law, strategic investors in industrial zones, as well as investors operating in the defense, aviation, or aerospace industries which are specified by the Under Secretariat of Defense Industry. Qualifying investors can receive a direct occupancy permit or easement right regarding immovable property owned by the Treasury and the new rules outline how to determine the first year's price.

Turkey's Ministry of Finance ("Ministry") published Communique No. 376 Amending the National Estate General Communique No. 324 ("Amendment Communique") in Official Gazette number 29893 on 19 November 2016, entering into force on the same date.

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