content tagged with Demiroren Holding

The plan is to build villas and residences on a 224,000 square-meter area, which will cost 1.9 billion lira.

Main opposition CHP MP Ali Mahir Başarır has said that Demirören Holding has not paid back the loans it received from the state-owned Ziraat Bank and noted that the bank “has neither sent a written warning nor started executive proceedings.”

Because the Demirören Media failed to repay the loan, the land that it mortgaged was handed over to Ziraat Bank, which later leased the land to the company.