One of Turkey’s most powerful art dynasties, the Koç family, has moved a step closer to building a major museum for its contemporary art collection. The Vehbi Koç Foundation, established in 1969 by Koç Holding, the largest conglomerate in Turkey, has chosen the London-based Grimshaw Architects to design the building. Koç Contemporary, which is due to open in 2016, will be in the central Beyoglu area of Istanbul, the same district as Istanbul Modern, which opened in 2004.

Read More: Koç Art Empire to Expand with Istanbul Space