Altay Yenilebilir Enerji Üretim ve Depolama A.Ş., whose shares are wholly owned by our Company, has entered into a preliminary contract for real estate sale with Emlak Konut Gayrimenkul Yatırım Ortaklığı A.Ş., one of Turkey's leading real estate developers, for the acquisition of investment-purpose real estate.
The real estate subject to the agreement is located within the borders of Arnavutköy district, Istanbul province. The total value of the investment-purpose real estate is 507,483,650 TL. An amount of 5,053,933.33 TL was paid on the signing date, and the remaining portion will continue to be paid in installments over 59 months. According to the agreement, the delivery date according to the contract is 48 months from the date of signature. It is anticipated that title deed transactions will be completed as of the delivery date.
Developments regarding the process will be announced on PDP.
Respectfully announced to the public.
The English translation of this statement is attached hereto, in case of a discrepancy between the Turkish and the English versions of this disclosure statement, the Turkish version shall prevail.