One of the most expensive properties on the Bosphorus, the White Mansion, is back on the market.

One of the most expensive properties on the Bosphorus, the White Mansion, is back on the market.

15.09.2025 16:41

The Beyaz Köşk, one of the most expensive properties on the Bosphorus owned by Akın İpek, the owner of Koza İpek Holding and a fugitive from FETÖ, has been put up for sale again. A discount of 140 million lira has been applied to the starting bid for the auction of the mansion, which could not be sold previously.

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The White Mansion, one of the most expensive buildings on the Bosphorus in Istanbul, is up for sale once again.

IT HAD PASSED TO TMSF

The mansion in Bebek belonged to Akın İpek, the owner of Koza İpek Holding and a fugitive from FETÖ. The mansion owned by İpek was transferred to the Savings Deposit Insurance Fund (TMSF) after the FETÖ coup attempt on July 15, 2016. There had been three previous auctions for the White Mansion, but no results were achieved.

The White Mansion, one of the most expensive on the Bosphorus, is up for sale again

140 MILLION DISCOUNT APPLIED

The starting price of the mansion, which is up for sale again, has also been discounted this time. In the auction announcement made last March, the starting price was stated to be 950 million lira. The new announcement noted that the starting price has been reduced to 810 million lira.

The White Mansion, one of the most expensive on the Bosphorus, is up for sale again

THE COMPANY MADE A STATEMENT

In a statement made by Koza Altın İşletmeleri to the Public Disclosure Platform (KAP) regarding the sale of the mansion, the following was stated: "Our company has decided to establish a 'Tender Commission' to manage the tender process and to hold an auction for the sale of our real estate located in Istanbul, Beşiktaş District, Bebek Neighborhood, parcel 132-133 of island 1259, with a minimum bid of 810,000,000 TL + VAT, and to conduct the auction on 30.09.2025 at 14:00 at our company's address, Uğur Mumcu Mahallesi FSM Boulevard N310 Yenimahalle Ankara, through open bidding and open auction, unanimously."

The White Mansion, one of the most expensive on the Bosphorus, is up for sale again

FEATURES OF THE WHITE MANSION

The property for sale consists of two buildings on parcel 132 of island 1259. The second-degree historical White Mansion, which has two basement floors, a ground floor, one normal floor, an attic, and a terrace, has a gross closed usage area of 695 square meters and a terrace of 208 square meters.

The White Mansion, one of the most expensive on the Bosphorus, is up for sale again

The other building, referred to as the Brown Mansion, consists of a ground and a normal floor, with a gross closed usage area of 230 square meters.

The White Mansion, one of the most expensive on the Bosphorus, is up for sale again

HE HAD LOST 2 LAWSUITS AS WELL

Akın İpek, who lives in England as a fugitive from FETÖ, had lost both lawsuits he filed against Turkey in international arbitration courts.

The White Mansion, one of the most expensive on the Bosphorus, is up for sale again

Source: AA / İHA



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