Republika Academic Aparts Istanbul
Republika Academic Aparts Istanbul
Republika Academic Aparts Istanbul
Republika Academic Aparts Istanbul
Republika Academic Aparts Istanbul
Republika Academic Aparts Istanbul
Republika Academic Aparts Istanbul

Republika Academic Aparts

Republika Academic Aparts is the first institutional student accommodation platform in Turkey.

Republika is one of the largest private student accommodation platform in Istanbul offering high-end accommodation facilities with c. 1,500 beds across three properties.

Ortakoy Aparts: BLG acquired the core & shell freehold property in prime Istanbul city center location in July 2011, followed by 14 months of redevelopment works for conversion into a 637 bed student accommodation scheme with c. 300k students in the property’s catchment area; the property became operational in September 2012. Abraaj became a 38.5% stakeholder in the property in July 2013, forming a partnership with BLG to capitalize on the under supply of institutional quality student accommodation in Istanbul and strong demand for higher education in Turkey. Following the Abraaj stake sale BLG made a distribution to investors in July 2013.

Cakmakli Aparts: BLG acquired the core & shell freehold property in a rapidly growing suburban area of Istanbul where many universities are expanding to in August 2011, followed by 13 months of redevelopment works for conversion into a 645 bed student accommodation scheme with c. 38k students in the property’s catchment area; the property became operational in August 2012. Abraaj became a 38.5% stakeholder in the property in July 2013, forming a partnership with BLG to capitalize on the under supply of institutional quality student accommodation in Istanbul and strong demand for higher education in Turkey. Following the Abraaj stake sale BLG made a distribution to investors in July 2013.

Florya Aparts: BLG acquired the freehold greenfield development located in close proximity to Istanbul’s Ataturk Airport and walking distance to two major universities in February 2013, followed by 16 months of development works for completion of a custom built 188 bed student accommodation scheme with c. 73k students in the property’s catchment area; the property became operational in September 2014. Abraaj became a 38.5% stakeholder in the property in June 2015, integrating Florya Aparts into the Republika portfolio. Following the Abraaj stake sale BLG made a distribution to investors in July 2015.

www.republika.com.tr

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