Kuzu Group Selects Jumeirah Group to Operate Sea Pearl Development in Ataköy, Istanbul
ISTANBUL, TU. April 21, 2016 - Turkey's Kuzu Group has appointed Jumeirah Group, the global hotel company and a member of Dubai Holding, to operate a mixed-use development in the Ataköy district of Istanbul, Turkey.
The US$450m Sea Pearl development, which is anticipated to open in 2019, will include a luxury 202-room Jumeirah hotel and 62 private residences managed under the Jumeirah brand. The developer, Kuzu Group, is well-established in Turkey and has already completed a number of high-end developments, with a special focus on large-scale residential projects.
Mr. Özen Kuzu, CEO, Kuzu Group, said: “The Ataköy district is strategically located to attract both leisure and business travellers. This urban resort development will enjoy unrestricted views of the Marmara Sea and have a sense of peace and tranquility, whilst also being closely connected to Istanbul's historical centre just a short drive away. It is within close proximity to the Atatürk International Airport and an emerging commercial district, where several new mixed use projects are under development or recently completed. We are delighted to be partnering in this prominent and luxurious project with a worldwide renowned group such as Jumeirah.”
Mr. Stefan Leser, Group Chief Executive, Jumeirah Group, said: “Jumeirah Group already has a strong brand presence in Turkey and we are delighted to operate a second Jumeirah property within the dynamic city of Istanbul. This welcome addition to our portfolio is another step towards achieving the Group's long term growth strategy. Kuzu Group's established track record for visionary developments fits well with Jumeirah's reputation for luxury and exceptional hospitality, and we look forward to a long and successful partnership.”
The 202 key hotel and 62 residential units located within the Sea Pearl Ataköy development are scheduled to open by 2019. The hotel will feature rooms and various suite categories from 47 to 430 square-meters, while the residences will range from 57 square-meters (one bedroom) to 400 square-meters (five bedroom). This prestigious development also includes a significant conference hall, a VIP Club facility measuring 2,873 square-meters, a Business Centre, a large sports complex, which will include a large spa and wellness facility with Turkish hammam as well as an indoor-outdoor swimming pool, a shopping arcade and several food and beverage facilities including a seafront dining area.
The Ataköy property will be the third in Turkey for Jumeirah Group which currently operates Pera Palace Hotel Jumeirah, an iconic heritage hotel located in the heart of Istanbul, as well as the popular summer resort, Jumeirah Bodrum Palace, which is set along the spectacular Bodrum coast of the Aegean Sea.
About Jumeirah Group
Jumeirah Group, the global luxury hotel company and a member of Dubai Holding, operates a world-class portfolio of hotels and resorts including the flagship Burj Al Arab Jumeirah. Jumeirah Hotels & Resorts manages properties in Dubai and Abu Dhabi, UAE, and Kuwait in the Middle East; Baku, Bodrum, Frankfurt, Istanbul, London and Mallorca (Spain) in Europe; the Maldives and Shanghai in Asia. Jumeirah Group also runs the luxury serviced residences brand Jumeirah Living with properties in London and Dubai; the new contemporary lifestyle hotel brand Venu; the wellness brand Talise; Jumeirah Restaurant Group Dubai; Wild Wadi Waterpark The Emirates Academy of Hospitality Management, and Sirius, its global loyalty program. Future openings include luxury and lifestyle hotels in China, India, Indonesia, Jordan, Malaysia, Mauritius, Oman, Russia and the UAE. www.jumeirah.com
About Kuzu Group
Over the course of the last 73 years, Kuzu Group has executed over 500 projects from housing to infrastructure facilities and from hospitals to schools. With residential projects such as Parkvadi Premium, Spradon Terrace Houses, Park Valley Houses, Divan Residences, Halkalý Residences, Spradon Towers, Spradon Quartz, Kuzu Effect and Kumru Ankara, and now SeaPearl Ataköy, Kuzu has made 300 thousand people homeowners, and has contributed to the growth of Turkey with nearly 100 school projects and an 800 bed hospital. It also built housing for thousands that had been left homeless after the devastating earthquakes of Dinar, Van and Gölcük. Total construction carried out by Kuzu has thus reached 100 thousand housing units over a total area of 11 million square meters. The company has also invested in sustainable technologies to benefit future generations. Kuzu Group continues to undertake various building works in Van, Istanbul, Siirt and Izmir throughout Turkey, as well as housing projects in Iran and Algeria. Kuzu is also Turkey's largest waste water treatment plant operator with 550 staff, operating 28 biological treatment plants and 68 pumping stations. www.kuzugrup.com
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