Hamdi Ulukaya, the billionaire owner of US-based yoghurt maker Chobani, is set to acquire a mansion on the Bosphorus strait in Istanbul for a consideration of $45mn, according to local media reports.
The mansion, located in Beykoz district on the Anatolian side of the strait, was built by the late businessman Feyyaz Tokar.
Ulukaya leased the mansion for $0.12mn per month from January this year. He paid the annual rent in advance and acquired an option to buy the real estate.
According to the media reports, he has launched the process to exercise this option.
In 2012, Ahmet Okumus, another Turkish-American businessman, acquired the mansion for a consideration of $25mn.
In 2022, Russian oligarch Roman Abramovich rented the mansion for $50,000 per month.
In July this year, Turkey’s deposit insurance fund TMSF sold another Bosphorus mansion, located in Bebek district on the European side of the strait, to Oyak Cimento (OYAKC) for a consideration of Turkish lira (TRY) 1.1bn ($34mn).
Don’t just follow the news—understand it.
The IntelliNews PRO service includes access to reports, exclusive market data, and more news that decision-makers care about. Stay ahead of the market with IntelliNews PRO.
Sign Up NowRelated Articles
Fintech Freedom Holding aims to make France key entry point into EU with €500mn investment
A French banking licence would open the way to a new phase in the international expansion of Nasdaq-listed fintech group Freedom Holding Corp. That’s the expectation of Freedom, a company ... more
Iran's Araghchi arrives in Turkey for talks on US military build-up as Ankara looks to act as mediator
Iranian Foreign Minister Abbas Araghchi arrived in Istanbul on January 30 for meetings with Turkish officials to discuss regional issues amid what he described as serious challenges posed by US ... more
TPAO and ExxonMobil sign deal for offshore exploration
The Turkish Petroleum Corp. (TPAO) has formalised a strategic partnership with Esso Exploration International, a subsidiary of ExxonMobil, marking a significant escalation in Türkiye’s ambitions ... more