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
Turkey’s BOTAS increases LNG storage capacity at Marmaraereglisi Terminal
Turkey’s state-run energy firm BOTAS has begun construction of a fourth storage tank at the company’s Marmaraereglisi Terminal in the country’s northwest, Turkish local media Daily Sabah ... more
S&P upgrades ratings of Freedom subsidiaries to ‘BB-’
S&P Global Ratings has upgraded the credit ratings of several subsidiaries of Nasdaq-listed Freedom Holding, raising ratings on Freedom Finance, Freedom Finance Europe, Freedom Finance Global and ... more
Kazakhstan’s Freedom fintech sets out to emulate and exceed Revolut in Europe
Freedom Holding Corp (Nasdaq: FRHC) is positioning itself to expand deeper into Europe’s financial services market with plans to launch a digital bank in France, backed by a €500mn ($572mn) ... more