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oda_ExplanationTextBlock| | Our Board of Directors has decided to initiate the sale processes for "Radisson Residences Avrupa TEM İstanbul", located at Abdi İpekçi Caddesi, N 30 and 32 J, Karayolları Neighborhood, Gaziosmanpaşa District, İstanbul. In this context, it has been decided to mutually terminate the 'Operation and Lease Agreement' with Pantur Otelcilik ve Turizm Hizmetleri A.Ş., which operates the property as an apart accommodation facility for tourism purposes, effective as of June 30, 2026. Furthermore, a period until August 31, 2026, has been granted to Pantur Otelcilik ve Turizm Hizmetleri A.Ş. to ensure the complete and seamless fulfillment of eviction procedures for the subject real estate. Further developments regarding the sale process of Radisson Residences Avrupa TEM İstanbul will be disclosed to the public in accordance with the Capital Markets Legislation. Respectfully submitted for the information of the public and our investors. | ||||||||
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.