Registration application from VGM for the main building of IMM in Saraçhane

General Directorate of Foundations (VGM) applied to Fatih Land Registry Directorate to register the main service building of Istanbul Metropolitan Municipality (IMM) in Saraçhane in its name.

Article 30 of the Foundations Law was cited as the legal basis for the request. The article in question regulates the return of cultural assets created through a foundation and later taken over by public institutions to the foundation.

For this reason, it is possible that the registration process will be carried out tomorrow, Monday, October 5, following the application of the General Directorate of Foundations.

If the registration is completed, the ownership of the building in Saraçhane, which is still registered in the name of Istanbul Metropolitan Municipality in the current land registry records, will pass to the General Directorate of Foundations.