UK architects RMJM have been selected to design a luxury community in Istanbul’s new financial district and Turkey’s prospective new business centre.

RMJM was selected by the real estate and construction arm of Turkey’s Varlibas group, Varyap following a developer-led competition, said the company.

The firm will develop the 340,000m² mixed use development, estimated to cost up to £600m to include residential, commercial, retail and recreational facilities.

As part of the plans to develop the area, RMJM will design a school to be situated on a 26-acre site near the main road which links Istanbul to capital city Ankara.

Following the announcement by Varyap, RMJM architects said it was excited to be creating a landmark community in Turkey’s up-and-coming financial hub.

“We will respond with a design that simultaneously addresses Istanbul’s culture, climate, architectural heritage and cosmopolitan attitude, and will maximize panoramic views of the Bosphorus, Marmara Sea and Prince’s Island,” said RMJM’s urban studio director and design principal, Chris Jones.

By Ozge Ibrahim.