REDEVCO sells office building in Istanbul to AVEA (TR/NL)

REDEVCO Turkey announces the sale of its office building investment in Istanbul to AVEA, Turkey's fast-growing mobile communications company, whose customer base of 11 million represents a market share greater than 17% of the total market. The transaction was closed during the summer.

REDEVCO Turkey acquired the office building in 2007 when it was still under development. The project was completed in accordance with REDEVCO's development standards in early 2008. The office building is located on the TEM highway in Istanbul's

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