
Beykoz Municipality in Istanbul has decided to auction five properties valued at over 41 million lire to the highest bidder.
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Beykoz Municipality in Istanbul announced a controversial decision to put five of its properties up for sale at public auction. These properties are located in the Çobekmece area and have diverse zoning classifications including commercial and mixed residential designations.
The total value of the five properties exceeds 41 million and 560 thousand Turkish lire, according to Cumhuriyet newspaper. The public auction for these properties will take place on May 13. The decision came shortly after the municipality's leadership transferred to the ruling party, sparking discussions about the disposal of public municipal property.