Torunlar Gayrimenkul Yatırım Ortaklığı A.Ş.

Overview

Torunlar Gayrimenkul Yatırım Ortaklığı A.Ş. is a prominent Turkish real estate investment trust (REIT) established in 1996. The company focuses on the development, acquisition, and management of residential and commercial properties across Turkey. Its portfolio includes shopping centers, residential complexes, office buildings, and hotels, catering to a diverse range of real estate needs. The company's investment strategy encompasses various stages of real estate development, from land acquisition and project financing to design, construction, and post-completion management. Torunlar GYO is recognized as Turkey's largest domestic shopping mall investor, with properties such as Mall of İstanbul, Torium, and Bursa Korupark AVM. Additionally, the company has expanded into the hospitality sector with the Hilton Mall of İstanbul hotel, which began operations in 2020. With over 40 years of experience in the construction sector, Torunlar GYO has established a strong presence in the Turkish real estate market. The company is listed on the Borsa İstanbul under the ticker symbol TRGYO and is registered with the Capital Markets Board of Turkey. As of 31 March 2023, the main shareholders are the Torun family, with Aziz Torun serving as the CEO and Chairman of the Board. The company's headquarters are located in Beykoz, Istanbul, Turkey.

Investment Focus

• Compliance with Turkish real estate regulations
• Alignment with company's investment strategy
• Potential for value creation through development or acquisition

Portfolio Companies