Sales of public assets continue: 4 more public properties in 3 provinces added for sale

The Privatization Administration (ÖİB) of the Ministry of Treasury and Finance has announced that it will privatize a total of 4 strategic publicly owned properties through a sale method. According to the announcements published in the Official Gazette, investors will submit sealed bids and enter into negotiations at the end of June and the beginning of July.

As part of the government's austerity measures and revenue-generating initiatives, the sale of properties in the privatization portfolio continues without slowing down. According to the latest investor announcement published by the ÖİB, the official tender process has officially begun for valuable land and structures located in the provinces of Ağrı, Samsun, and Aydın.

REGIONS WHERE THE PROPERTIES FOR SALE ARE LOCATED

The locations of the 4 public properties that have been included in the scope of privatization and have entered the radar of investors have been announced as follows:

Ağrı: Public lands located in the Eleşkirt district,

Samsun: Assets located in the Havza district (including properties with a total area of $4,773.54m² in the Yeni neighborhood and the structures on them),

Aydın: Prime lands located in the Didim district (including parcels with a total area of $14,624.67m² in Altınkum, known for its proximity to the tourism zone).

TENDER METHOD: "NEGOTIATION" FIRST, THEN "AUCTION"

The Privatization Administration will apply a hybrid tender method to ensure that the sales are transparent and result in the highest possible revenue:

Sealed bid phase: Secret price offers will first be collected from multiple bidders using the sealed bid method.

Negotiation meetings: Following the opening of the initial bids, the administration will conduct technical and financial negotiation meetings with the bidders.

Final Auction: An auction will be held in the presence of the commission for the investors who remain in the process and continue their bids after the negotiation phase, and the participant who offers the highest price will become the new owner of the property.

News Source: 12punto