Ownership application for IMM's Saraçhane building from the General Directorate of Foundations

A new ownership process has been initiated for the main service building of Istanbul Metropolitan Municipality (IMM) in Saraçhane. The General Directorate of Foundations applied to the Fatih Land Registry Directorate to register the building in its name.

In the application requesting that the building be registered in the name of the General Directorate of Foundations, Article 30 of the Foundations Law was cited as the legal basis for the request. The article in question regulates the return to the foundation of cultural assets that were created through the foundation and later became the property of public institutions.

It is still registered in the name of IMM in the land registry.

According to the news on Halktv.com.tr, the registration process of the building, which is registered in the name of Istanbul Metropolitan Municipality in the current land registry records, is expected to be carried out today or on Monday, October 5.

If the registration is completed, the ownership of the building will be taken from IMM and transferred to the General Directorate of Foundations.

THREE OPTIONS FOR USE OF IMM

If the ownership passes to the General Directorate of Foundations, there are three options for the use of the building.

The first of these is the rental of the building to IMM. The second option is to allocate it to IMM, with its ownership remaining in the General Directorate of Foundations, in order to continue to be used in public services. The third option is to remove IMM from the building.

It was stated that IMM will take legal action after the registration process is completed and the decision is officially notified to the municipality.

IMM BUILDING SINCE 1970

The project of the IMM building in Saraçhane was prepared by architect Nevzat Erol in 1953. The building, whose construction started in 1960, was completed and put into service in 1970.

It was reported that in the current land registry records, there are annotations on the property in the name of seven foundations. These are listed as Cübbeci Başı Dikran Foundation, Hagia Sophia Foundation, Yakup Ağa Foundation, Dervişzade Mustafa Foundation, Ahmet Paşa Foundation, İsmihan Kaya Sultan Foundation and Elhaç Hüseyin Ağa Foundation.