Kiler Real Estate Investment Trust
Iranian boss buys 47 apartments for $90.6 million in Istanbul skyscraper
Iranian businessman Mehrdad Safari has bought a total of 47 apartments in a luxurious Istanbul skyscraper for $90.6 million.
The price does not include VAT, although the rate on many of the apartments will only stand at 1 percent, while a portion will be subject to 8 percent tax following a recent tax cut.