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In addition to the protocol signed between our company and the Ministry of Environment and Urbanization, Infrastructure and Urban Transformation Services General Directorate which we announced on Public Disclosure Platform on 17.12.2020; An additional protocol was signed regarding the purchase of the cadastral 312.429,77 sqm part of the land plots numbered 0/458, 0/459 and 0/460 in Istanbul, Çekmeköy, Tasdelen for a total price of TRY 937,289,310.00 (exc.VAT) by our Company. With the subject additional protocol, the 320 units within the Gebze Emlak Konutları 3rd Stage of the projects of our Company and sold to the Ministry of Environment and Urbanization, Infrastructure and Urban Transformation Services General Directorate with an amount of TRY 151,205,080 including VAT, will be deducted from purchasing price of TRY 937,289,310.00. TRY 411,168,506 amount of it will be used in works and transactions related to urban transformation projects carried out by our Company within the scope of the protocols previously signed with the Ministry of Environment and Urbanization, Infrastructure and Urban Transformation Services General Directorate and the remaining amount of TRY 374,915,724 will be paid as well. The appraisal report related with the properties within the scope of the additional protocol is attached |
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.