Within the framework of the decision taken by our Company's Board of Directors;
A "Revenue Sharing Agreement for Land Sale" has been signed today with Vega Group Taahhüt Yapı A.Ş. for a commercial project planned to be developed on the land located in the "Special Industrial Zone" with parcel no. 29, block 198 in Yassıören Neighborhood, Arnavutköy District, Istanbul Province with a total area of 29,739.30 m².
According to the contract signed, our company will have a 67.5% revenue share as the developer, and Vega Group Taahhüt Yapı A.Ş. will have a 32.5% revenue share.
Additionally, within the scope of this agreement, the relevant real estate property shall be transferred to our Company, Halk Gayrimenkul Yatırım Ortaklığı A.Ş., by the way of title deed transfer as collateral.
The valuation report is attached.
We respectfully submit this information for the knowledge of our investors and the public.
Kind regards,
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