Investment in one of world’s outstanding commercial project “Istanbul International Finance Center”
Integral to Turkey’s plan to make its economy one of the world’s 10 largest by 2023, the HOK-designed master plan for the Istanbul International Financial Center (IIFC), a US$2.6 billion project which is now in construction.
Location of the project
Built on a 170-acre site on the city’s Asian side, the Turkish government’s goal for the landmark IIFC project is to establish Istanbul as a global center for finance. The plan creates four distinct districts focusing on culture, commerce, civic functions and governance. Strategically located between the Ataşehir and Umraniye districts, the site offers easy accessibility and views to the historical center of Istanbul.
The IIFC will house the head offices of the country’s financial market governing bodies, state-owned and private banks, and related businesses. It will include 45 million square feet of office, residential, retail, conference, hotel and park space.HOK’s master plan provides a framework for developing a sustainable financial center in a way that blends human need, environmental stewardship and economic viability into a new global model of urbanism rooted in Turkish culture.
Major infrastructure improvements include a transportation system featuring a new subway line and station as well as new infrastructure for sustainable power, water, data and security. These systems are integrated into a podium that provides a surface for a new urban park.
Courtesy of HOK
The architects are honored to have the opportunity to plan a world-class financial center in Istanbul – a city that historically has been such a dynamic global center for commerce. With 13.5 million people, Istanbul has the world’s second-largest population behind only Shanghai. In addition to creating the master plan, architectural and landscape design standards, and sustainability guidelines, HOK currently is designing two of the IIFC’s high-rise office towers. HOK’s master plan for the IIFC creates four distinct districts focusing on culture, commerce, civic functions and governance.