Vakıf GYO, established by VakıfBank as Türkiye’s first real estate investment trust company, signed the contract that will launch the construction phase of VYeniKonak, a mixed-use living project to be developed in İzmir’s Konak district, with İlk İnşaat Taahhüt Sanayi ve Ticaret AŞ in the 30th year of its establishment. While this step symbolizes the project’s transition from the planning stage to the implementation phase, it also reinforces Vakıf GYO’s vision of delivering sustainable, high value-added investments in İzmir backed by its long-standing institutional experience. The project is planned to be completed within the 1,260-day period envisaged under the contract.
Located in Konak Mersinli, one of İzmir’s central areas, VYeniKonak stands out with its unique Aegean view. Offering a strategic location thanks to its proximity to urban transportation options and easy access to business and commercial hubs, the project aims to contribute directly to the area’s transformation potential. VYeniKonak is intended to become a new focal point in İzmir’s urban development.
Vakıf GYO General Manager Onur İncehasan stated the following regarding the project: “We have designed VYeniKonak not merely as a mixed-use structure, but as a holistic living space that builds strong ties with its surroundings, supports the region’s social and economic dynamism, and brings a fresh breath to urban life. In the 30th year of our establishment, we see this project as a strong reflection of Vakıf GYO’s qualified approach to urbanism and its vision for sustainable growth.”
VYeniKonak: Modern Architecture and Functional Design
Comprising two blocks, VYeniKonak leaves a strong mark on İzmir’s skyline with its modern architecture. With a total construction area of 128,987 m², the project offers holistic solutions for different needs of city life through its mixed-use structure that brings together residential units, offices, and commercial spaces.
Apartment types ranging from 1+1 to 4+1 appeal to a wide user profile, while functional planning and a qualified architectural approach create attractive opportunities for both individual users and investors.
The construction process will be carried out meticulously in line with principles of quality, occupational safety, on-time progress, and efficient use of resources. Built with an environmentally friendly green building approach, the project aims to obtain LEED Gold Certification in line with Vakıf GYO’s sustainability vision. Energy efficiency, environmental awareness, and a high quality of life are prioritized throughout the development.