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English
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oda_RelatedPartyTransactionsAbstract|
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Evet (Yes)
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Hayır (No)
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15.06.2021
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Hayır (No)
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At the meeting of our Board of Directors dated 09.06.2023; i
n Litus Istanbul Project, which our Company is developing together with TECİM on the basis of 50-50% cost and revenue sharing model, the entire 50% ownership share of our Company in the office and commercial area of the project (current market value of approximately TL 236.7 million) will be transferred to TECİM. Additonally, in return for this transaction, 50% of TECİM's ownership shares in some residential units having the equal market value will be transferred to our Company.
The valuation report prepared by Reel Gayrimenkul A.Ş., which was disclosed to public on 07.06.2023, was taken as a basis in the transfer process.
"This is the translation of the Turkish public disclosure made by İş Gayrimenkul Yatırım Ortaklığı A.Ş. through the Public Disclosure Platform, under the Material Events Guideline prepared in accordance with the Communique of Material Events, numbered II-15.1. According to the Material Events Guideline and the regulations, the Turkish public disclosure 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.