Turkish Tekfen arm says to build real estate project
ISTANBUL, June 19 |
ISTANBUL, June 19 (Reuters) - Tekfen Holding's (TKFEN.IS) real estate arm, Tekfen-OZ, will complete a $250 million real estate project together with shopping centre chain Ronesans, the two companies said on Thursday.
Tekfen-OZ is a joint venture of Tekfen Holding with New York-based Och-Ziff Capital Management.
Construction for the 200,000 square metre project is expected to begin in the first quarter of 2009 and expected to be complete in late 2010. (Reporting by Asli Kandemir; Editing by David Cowell)
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