Business · Companies · 5 hrs ago

MESA Holding CEO Calls for Climate-Ready Building and Planned Urban Renewal

MESA Holding CEO Calls for Climate-Ready Building and Planned Urban Renewal

MESA Holding CEO Mert Boysanoğlu called for building methods suited to local climate risks after flooding in Istanbul last week.

He said cities should prepare for hazards such as heavy rain and earthquakes rather than trying to resist nature.

Boysanoğlu also argued that urban renewal needs public-private cooperation and larger, planned projects, not solutions limited to individual plots.

He said Turkey needs 600,000 new homes each year, with much of the demand among lower-income households, and called for the state to make cheaper land available.

MESA has put 300 homes up for sale in its Yenişehir Başakşehir project, planned to include 4,000 homes in total.

The company says the project will cover 2 million square metres and cost $1.5 billion, while prices start at 9 million lira.

Boysanoğlu said access to financing remains a key difficulty for homebuyers, but no further steps or timing for the proposed policy changes were given.

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What people are saying

Mert BoysanoğluMESA Holding CEO
We cannot fight nature; we must move to building models that allow us to adapt.
via Dünya
A model of urban renewal without the state stepping in and without public-private cooperation cannot succeed.
via Dünya
We cannot get anywhere with parcel-based solutions; on the contrary, we make the city less livable.
via Dünya
Erhan BoysanoğluMESA Holding chairman
In periods of economic difficulty, buyers first give up on buying a home.
via Dünya