TuREEFF financed the first residential building reconstruction project under the Turkish Government’s Urban Transformation Plan (UTP). DMS construction company has become the first beneficiary of a TuREEFF Reconstruction Loan, for its B Energy Class residential project. The project is in Istanbul, Kadıköy district, the pilot area of the Urban Transformation Plan (UTP). The project started in 2015 and completed in 2016
TuREEFF technical team consulted the company on the necessary adjustments to be made in the initial building designs to increase the energy efficiency of the building from level C (standard level required by laws in Turkey) to a higher level, B. Furthermore the company received a complementary marketing support in order to promote the energy efficiency aspect of its project.
Now the building offers low energy bills and high living quality to its residents. The local community also benefits from the building’s decreased carbon emissions and better environmental impact. The project is being referred as an inspiring example for the neighbourhood and have a pioneering role for the future projects which will be developed in the region.