OzU II

completed

Until 2011, the University operated out of a rented building in Altunizade, Istanbul. In 2010, the University embarked on a project (the Project) to build a state-of-art campus in Cekmekoy, Istanbul (the Campus). The Campus is designed by international architects, and its first phase, which was completed in summer of 2011, has received the internationally acclaimed LEED certificate granted to environmentally friendly buildings. The University has started education in the Campus in 2011-2012 academic year, in addition to its existing site in Altunizade, Istanbul. The initial investment into the campus, which included two academic buildings, one prep school building, three student dorms, energy distribution center, student center and sports facilities, was partially financed by IFC through US$42.5 million loan facilities. The proposed project will finance the final investments in the Campus, which includes an additional academic building and two additional dorms and which will allow the university to consolidate operations under one campus. The university is in the process of obtaining LEED certification for most of its buildings upon completion.