Kızılay announces 'build-operate-transfer' tender

Taking steps to increase its revenues recently, Kızılay is in the spotlight with both its real estate sales and investments in the beverage sector. Organizing tenders for its properties in Istanbul and Kırıkkale, Kızılay is also preparing to enter the market with a new beverage brand.

PROPERTY IN FATİH UP FOR TENDER UNDER BUILD-OPERATE-TRANSFER MODEL

Kızılay has put a three-story business center located in the Mercan neighborhood of Istanbul's Fatih district up for tender using the "build-operate-transfer" model. The tender process for the property, which consists of 60 independent units, has begun. A security deposit of 4 million TL is required from those wishing to participate in the tender.

Another real estate sale by Kızılay is being organized for a plot of land in the Yaylacık region of Kırıkkale. It was stated that the estimated value determined for this plot is 5 million 500 thousand TL.

WILL BE IN THE BEVERAGE AND COSMETICS SECTORS

According to a report in the Cumhuriyet newspaper, Kızılay is also investing in the beverage sector. Having acquired a turnip juice producer, Kızılay is preparing to launch a new beverage brand called "Kızılay Plus Energy." Under this brand, non-alcoholic beverages as well as cosmetics and animal products will be produced. It is stated that the company also plans to offer advertising and marketing services.

News Source: 12punto