Aziz Torun

Torunlar Real Estate Investment Trust plans to invest a total of 1 billion Turkish Liras (around $268 million) in three years, the company's chairman has said.

Three Turkish companies that have cooperated on several large projects in the last decade have peacefully parted ways in the power distribution business, Limak Holding Chairman Nihat Özdemir told daily Hürriyet on the sidelines of Oct. 29 Republic Day celebrations at the Presidential Palace in Ankara.

Three of 25 suspects being tried on manslaughter charges in the case of an elevator accident that cost 10 lives last year in Istanbul were released Feb. 20, meaning no suspects remain behind bars in the trial.

A new era marked by branding is in the making for the Turkish real estate sector, according to Vuslat Doğan Sabancı, the chairwoman of Hürriyet, while speaking at the Association of Real Estate Investment Companies (GYODER) summit in Istanbul on Dec. 3.

“Housings with brands have begun to gain importance,” Doğan Sabancı said at the event sponsored by the newspaper.

Workers laboring on the construction of a luxury residence in Mecidiyeköy where 10 colleagues were killed on Sept. 6 live in squalid and inhuman conditions, according to one of the country’s leading unionists.