Besiktas has always been a central location with easy access to almost all popular places in Istanbul. However, with the opening of Siraevler Akaretler, it is now also a prime neighborhood to reside at. Siraevler attracts attention with its hi-end fashion stores, restaurants, cafes, residences, offices and the reknowned W hotel in the middle of the mixed use compound.
Fashion stores include well-known brands such as Jimmy Choo, Cornelliani, Bottega Venetta, Paul Smith, Marc Jacobs, Etro, Fred Perry and leading Swiss watchmakers such as Piaget, Chronos and many others. The rents for the retails stores change between 100 and 120 Euros per square meter depending on the size of the store.
The offices also go for around 35 euros per square meter and they vary between 45 and 450 square meters in size. The residences with a total of 11,000 square meters with different sizes of 56 units is already 85% occupied. These historical buildigns offer high ceilings, private gardens, central air conditioning, 24-hour concierge services and securtiy.
The asking sales and rental prices for the residences on classified ad sites are as follows as of April 16th, 2009.
Rental 400 sqm apartment: 13,000 euros per month.
rental 40 sqm apartment: 1,150 euro per month
For sale 192 sqm apartment: 550,000 euro
for sale 47 sqm apartment: 170,000 euro
Definitely worth a look if interested in finding a central location in Istanbul that will never go out of style.