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A protocol has been signed between our Company and Republic of Turkey Ministry of Housing Development and Urbanization Housing Development Administration (TOKI) on
28.08.2020 regarding the purchase of zoning plots with
689,049.05 sqm area that is going to be formed after zoning plan for the 0/4434, 0/4435, 0/5955 and 0/6339 parcel numbered cadastral properties with a total of
1,971,786.92 sqm area in
İstanbul province,
Avcılar district, Firüzköy quarter over the amount of
TRY 1,420,000,000 (free of VAT).
The appraisal report regarding the properties that are within the scope of the protocol and purchased by our Company is attached.
In accordance with the Turkish capital markets regulations, in case of any discrepency between the Turkish and English versions of disclosures, the Turkish language version which is published on the Public Disclosure Platform (Kamuyu Aydınlatma Platformu) shall prevail.
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We proclaim that our above disclosure is in conformity with the principles set down in “Material Events Communiqué” of Capital Markets Board, and it fully reflects all information coming to our knowledge on the subject matter thereof, and it is in conformity with our books, records and documents, and all reasonable efforts have been shown by our Company in order to obtain all information fully and accurately about the subject matter thereof, and we’re personally liable for the disclosures.