Business · Companies · 2 days ago
Former US Embassy site in Ankara has no confirmed new project
The former US Embassy site on Atatürk Boulevard in Ankara was sold in autumn 2024, after the embassy moved to a new building in Çukurambar.
The site covers about 23 acres across four plots, and its historic building is protected.
The buyer is a group led by businessman Şemsetdin Hancı, who said the sale price was confidential and described it as a serious amount.
Hancı said he bought the land for its value as a prime site, but no final project has been chosen.
The land is designated for embassy use in planning documents, so a change of use would require a planning process.
Hancı said he did not want a high-rise and ruled out housing, schools and hospitals as possible uses.
Because the site is on a symbolic stretch of Ankara and carries diplomatic history, decisions about its future could affect the city’s historic character and skyline.
The former US embassy site on Atatürk Boulevard in Ankara was sold to TY Gayrimenkul and the Aşhan group.
The sale was completed in autumn 2024, and the title passed to the buyers in November.
The site covers about 23 dönüms across four parcels and includes a historic building that is to be protected.
The sale price has not been disclosed, though reports have put it above $20 million.
No final plan for the site’s future use has been agreed.
- Who
- TY Gayrimenkul, managed by Şemsetdin Hancı, and the Aşhan group bought the site.
- What
- The former US embassy site was sold. Its future use remains undecided.
- When
- The sale was completed in autumn 2024, and the title passed in November.
- Where
- On Atatürk Boulevard in Ankara, Turkey.
- Why
- Not stated
This story does not have two clearly opposing sides.
It cost a serious amount.
Even if they gave permission for 10 floors, I wouldn't build 10 floors.
We bought it because it is a prime plot.
The embassy relocated to its new building in Çukurambar, ending its use of the Atatürk Boulevard site.
The sale of the former embassy site was completed.
The title passed to the buyers.
- Area
- About 23 dönüms across four parcels
- Location
- Atatürk Boulevard, Ankara
- Buyers
- TY Gayrimenkul and the Aşhan group
- Sale price
- Not disclosed; reported to be above $20 million
- Planning status
- No final project has been agreed
Sources
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