Glassmaker Turkiye Sise ve Cam Fabrikalari (Sisecam) announced that it will hold a tender to sell its 117,018m2 land plot, where its idle Pasabahce plant is located, in the Beykoz district of Istanbul.
Sisecam mandated DTZ Pamir & Soyuer as adviser to oversee the sale and the initial bids will be collected by January 31.Last month, Sisecam and Anadolu Cam, Is Bankasi group companies, informed that they completed the sale of their common land plot in Istanbul's Zeytinburnu district, where their idle Topkapi plant is located, for a consideration of TRY 320mn (EUR 108mn).Is Real Estate Investment Trust acquired the 75% of the land plot and NEF (Timur Gayrimenkul) acquired the remaining 25%.