Ascott makes first foray into Istanbul

Somerset Maslak Istanbul is slated to open in 2016.

Ascott has made its maiden foray into Turkey after clinching a contract to manage the 159-unit Somerset Maslak Istanbul, its first serviced residence in the country.

The property is slated to open in 2016 and will be part of an integrated development, Maslak 1453, which comprises a 1,453-metre long shopping promenade and 24 towers of commercial, residential, dining and recreational facilities.

The contract was awarded by real estate company Maslak Konaklama, an affiliate of the Saudi-based Abduljawad Group of Companies.

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