April 14, 2017 / 7:16 AM / 4 months ago

BRIEF-Sinpas REIT buys land in Istanbul at 128.9 million lira

April 14 (Reuters) - Sinpas Gayrimenkul Yatirim Ortakligi AS:

* Said on Thursday bought 98,966.52 square meters land in Beykoz, Istanbul

* Buys 96,754.77 square meters of the land for 128.9 million lira ($35.08 million)

* For the 2,211.75 square meters of the land , signs a construction agreement in return for land share with 40% of the land owner's share and 60% of company's share

* Current market value of the land has been calculated as 155.0 million lira by the valuation firm.

Source text for Eikon:

Further company coverage: ($1 = 3.6747 liras) (Gdynia Newsroom)

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