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Astra Dorms

Sector: Education • Location: Turkiye

Source: International Finance Corporation (IFC)

Project
Completed

Astra Yapi Sanayi ve Ticaret A.S., (“Astra” or the Company) has invited IFC to acquire equity stake in the company to support the development and operations of high-quality student housing properties that addresses the unmet demand in multiple cities of Turkey. To date, the company is the largest private dormitory operator with 2,000 beds in the Anatolian city of Afyon which were developed under a

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The project “Astra Dorms” is an infrastructure initiative in the Education sector, located in Turkiye. Taiyo aggregates data on it from International Finance Corporation (IFC).

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Participants

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completed

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Description

Description

Astra Yapi Sanayi ve Ticaret A.S., (“Astra” or the Company) has invited IFC to acquire equity stake in the company to support the development and operations of high-quality student housing properties that addresses the unmet demand in multiple cities of Turkey. To date, the company is the largest private dormitory operator with 2,000 beds in the Anatolian city of Afyon which were developed under a Build-Operate-Transfer (BOT) agreement with the Afyon Kocatepe University. The Company has secured an additional pipeline of 4,000 beds in 3 sites which are expected to be fully-implemented by September 2015. The pipeline is composed of a mix of BOT and fully-owned projects and is spread across 3 secondary cities with significant unmet demand for student accommodation. The project cost is estimated to reach approx US$50m and IFC is proposed to fund a portion of this investment.

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Source

Source reliability

High

Data quality score

100%

Source

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URL

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