Turkish Property Development Wins International Award

  • 15 years ago
  • Uncategorized

Turkey’s Varyap Meridian residential and commercial development has won the 2009 International Property Awards for Best Real-Estate Project and the Best High-Rise Building in Europe. The new complex is being constructed on the Asian side of Istanbul in Atasehir and should be completed in 2011.

The environmentally friendly complex consists of 1,500 residential units, a five-star hotel and office as well as commercial and public spaces. It is designed to comply with LEED, or Leadership in Energy and Environmental Design, criteria for sustainable property. When completed it is expected to consume about 40 percent less energy and water than an average residential project. It will have solar power as well as rainwater collection among other eco-friendly measures.

Süleyman Varl?ba?, chairman of Varyap’s parent group, Varl?ba? Holding, said the Meridian complex is being built to be as energy efficient as possible. “Our eventual goal is to cut down on the consumption of energy even more, to construct buildings that will actually generate their own energy. With new technology, hopefully in the future this will be possible,” Varl?ba? said.

The chairman said the building is likely to set an example for the entire Turkish construction sector in the future. My estimate is that the energy-efficiency and general construction standards of Meridian will become the norm in Turkey in 50 years,” Varl?ba? said.

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