So far, there are 585 homes ready in the first phase of the project and 165 units ready in the second phase. The second phase includes a total 1,200 homes.
The first phase has been sold entirely, and the second phase has sold 100 units. More than half of the homes sold were acquired through the First Home government program.
The company has taken a EUR50 million loan from Garanti Bank for the first phase and part of the second phase. The next stages will be funded entirely from the company’s own resources and sales.
The entire project will be developed in seven stages, with a total investment of some EUR700 million. Since 2006, Opus Land has invested some EUR200 million in Cosmopolis, for infrastructure, buildings, villas and stores.
Opus Land Development is part of the Buyukhanli Group from Turkey.