Real Estate & Tourism
EXPERIENCE IN TOURISM AND REAL ESTATE
IBS Research & Consultancy has carried out a range of real estate and tourism projects, assisting international and local developers, hedge funds and other investors, construction companies, hotel operators and specialist service companies. It is the local representative of London and Oxford, a finance house with long experience of real estate development and investment.
The experience which IBS has accumulated allows it quickly to appraise potential projects, to identify the potential problems they may face, and to suggest solutions which will allow development to proceed.
IBS's services in this area include:
- Planning and regulatory appraisal
- Land use analysis
- Market and feasibility studies
- Project development
Real Estate Development
Through its partners, IBS is involved in two real estate development projects on the Aegean coast of Turkey. One of these involves the restoration of a village in the Bodrum peninsula and the other the development of a small number of high end villas near Ayvalik. The experience gained in these projects means that IBS is well placed to understand the key issues facing new projects.
Its team includes experts in title and planning issues, architects with specialisation in project development, and consultants skilled in market analysis and feasibility studies. It cooperates with real estate agencies specialising in local markets such as Istanbul, Antalya, or Bodrum.
Consultancy projects carried out in this area include:
Real Estate
- Continuing advisory services to two hedge funds seeking real estate projects in Turkey
- A market and feasibility study for a major residential development in the Bahcesehir area west of Istanbul.
- Analyses of the Istanbul real estate market on behalf of potential investors
- An analysis of the Ankara real estate market for a Turkish contractor to decide on the most profitable use of a 30,000-sqm site. IBS prepared a detailed pre-feasibility study for presenting to financing sources
- Land and villa valuation in various areas, with a full review of planning issues at local and national level.
- Assistance to one of the world's larger contracting groups on its business strategy for Turkey
- Initiation and control of legal proceedings on behalf of the foreign investor
- Factory identification in the Bursa area and a review of the infrastructure and structural details of the chosen site
Tourism
- Valuing a 12 million sqm coastal site for a European contracting group, reviewing the Supreme Court dossiers on the land, and assisting the group develop and implement its negotiating strategy with the owners
- A full feasibility study on a 500-bed hotel in Southern Turkey, together with negotiations with tour operators and hotel management groups
- Consultancy to investors in hotels in Ankara, ‹Istanbul and the South Coast, including support on identifying and negotiating equity and loan finance and on arranging management contracts
- Legal agency for two British villa developments in the Bodrum area. IBS assisted one developer establish a framework for villa ownership and sales valid under both Turkish and British law. In another, it assisted with land purchase and company development
- A major study of the opportunities for British investors and consultants. This study covered all aspects of tourism, with an extensive interviewing programme
- A market structure and opportunity analysis for an Israeli firm in the Bodrum Area