New financial centre for Istanbul unveiled

Plans for a new financial centre for Istanbul is a key part of Turkey’s bid to enter the top ten world economies by 2023.

The project by Agaoglu and HOK was unveiled at this year’s Cityscape Global, held in Dubai.

It will consist of seven towers, six housing offices which will be home to all the major banks in the country, while one will be residential. All will be between 15 and 30 storeys. The complex will sit alongside two major highways which link the European and Asian parts of the country – with the site being on the eastern side of the Bosporus.

The project has been called “Istanbul’s Wall Street” and “The Jewel of Istanbul”. Eventually it will be home to 50,000 people working in the financial sector and have its own community and leisure facilities.

“The design takes elements of traditional Ottoman styles with influences including Istanbul’s Grand Bazarr – the world’s first covered shopping area,” said Agaoglu architect Serap Irgin.

Work on the infrastructure – including a new metro station – has already started. Other parts of the masterplan include a conference hall and shopping mall.

Solar power will be used to generate electricity and the building will all be LEED Gold standard.