2020 |
2020 |
Please click here for all public disclosures of the company.
11th coupon payment of Corporate Bond TRSISGY32111 has been made.
Principal payment of Corporate Bond TRSISGYA2016 has been made.
Our Company has completed the book building of the corporate bill with a nominal value of TRY 100.000.000 and term of 123 days to qualified investors.
Our Company has completed the book building of the corporate bill with a nominal value of TRY 50.750.000 and term of 90 days to qualified investors.
Principal payment of Corporate Bond TRSISGYK2014 has been made.
7th coupon rate of Corporate Bond TRSISGY12113 has been made.
8th coupon rate of Corporate Bond TRSISGY12113 has been determined as 4,0318% which has an issue size of TRY 100.000.000 and a floating coupon type of 3 month TRLIBOR rate.
Our Company has completed the book building of the corporate bill with a nominal value of TRY 150.000.000 and term of 91 days to qualified investors.
Within the scope of the Board Member change in our company, in accordance with the Communiqué II-17.1 on Corporate Governance Principles, it was decided to elect Ms. Neşe Gülden Sözdinler as the committee member of the “Corporate Governance Committee”.
Within the scope of global epidemic of Covid-19, regarding the retail assets in the portfolio; The General Directorate of the Company has been authorized for the rental discounts or supports that would be given to the tenants taking into account the current foot fall and turnover for the period of September-December 2020.
It has been decided to take services from Tepe Emlak Yatırım İnşaat ve Ticaret A.Ş. for 2 years for the management and leasing services of Ege Perla Shopping Center and to authorize the General Directorate of the Company to sign the necessary contracts.
6th coupon rate of Corporate Bond TRSISGY12113 has been made.
7th coupon rate of Corporate Bond TRSISGY12113 has been determined as 2,6509% which has an issue size of TRY 100.000.000 and a floating coupon type of 3 month TRLIBOR rate.
It has been decided to take service from Yanar Law Office regarding company’s legal services.
At the meeting of Board of Directors that was held on July 10th, 2020, it was decided to elect Mr. Murat Karluk Çetinkaya in place of Mr. İsmail Hakkı Akşener who resigned from membership of Board of Directors, to serve until the first ordinary general meeting of shareholders.
The land registry transaction regarding 67,2% share of 15.313,76 sqm land located in Çekmeköy, İstanbul has been completed and the ownership of the real estate passed to our Company.
The following decisions have been taken regarding the retail assets in the portfolio taking into account the current foot fall and turnover because of the continuing effects of global epidemic of Covid-19 on retail sector.
At the meeting of Board of Directors that was held on July 1st, 2020, it was decided to purchase the 67,2% share of 15.313,76 sqm land located in Çekmeköy, İstanbul owned by Altınhas Holding A.Ş. for a value of TL 14,8 million + VAT. The value of the land will be paid at the date of transferring the title deed.
9th coupon payment of Corporate Bond TRSISGY32111 has been made.
10th coupon rate of Corporate Bond TRSISGY32111 has been determined as 2,82% which has an issue size of TRY 100.000.000 and a floating coupon type in every 3 months.
Our Company has applied to Capital Markets Board regarding the issuance of debt instruments worth up to TL 1 billion with a maturity up to 1.200 days. The issued instruments will be sold to qualified investors or sold through private placement without being offered to the public.
It was unanimously decided to authorize the Head Office regarding the issuance of debt instruments worth up to TL 1 billion with a maturity up to 1.200 days. The issued instruments will be sold to qualified investors or sold through private placement without being offered to the public.
Our Company has completed the book building of the corporate bill with a nominal value of TRY 85.000.000 and term of 91 days to qualified investors.
Regarding the global epidemic of Covid-19, the following decisions have been taken, taking into account the statements and practices of the public authorities within the scope of the transition to gradual normalization.
Principal payment of Corporate Bill TRFISGY52017 has been made.
Considering the pandemic's relatively positive trend in our country in May and announcements by public authorities that the the measures taken were effective and the statement of Presidency of the Republic of Turkey regarding the fact that the shopping centers could be partially opened on 11 May 2020; the following issues have been decided in relation to the shopping centers and commercial areas in the Company’s portfolio which are temporarily closed to service.
At the meeting of Board of Directors that was held on April 29th, 2020, it was decided to elect Mr. Özcal Korkmaz in place of Mr. Mehmet Türk who resigned from membership of Board of Directors, to serve until the first ordinary general meeting of shareholders.
5th coupon rate of Corporate Bond TRSISGY12113 has been made.
6th coupon rate of Corporate Bond TRSISGY12113 has been determined as 2,8596% which has an issue size of TRY 100.000.000 and a floating coupon type of 3 month TRLIBOR rate.
The results of the Ordinary General Assembly meeting were registered on 10 April 2020.
The global outbreak of COVID-19 is affecting our country as well as the whole World. As a consequence of that pandemic, Kanyon Shopping Center, Ege Perla Shopping Center and other shopping centers/commercial areas (Kule Çarşı, Mallmarine, Tuzla Meydan Çarşı) in our real estate portfolio are temporarily closed to service as of 20.03.2020.
The following decisions have been taken for the properties which are indicated above:
- Not collecting rental fee for the period between 20 March-30 April, from the tenants which do not provide service.
- Authorizing the Company Headquarter to collect rental fee from the tenants which are continuing their services.
In these days that we will eliminate the negative economic conditions caused by the global epidemic with collaboration and cooperation, the income loss that will occur within the scope of the decision taken by our Board of Directors is expected to be limited, considering the diversified porfolio comprising qualified real estates and revenue sources of the Company. Since the course and length of the pandemic cannot be predicted, the final impact of the decisions taken by the Company's management would be analyzed more clearly in the following period.
At the meeting of Board of Directors which was held on March 31st, 2020, in accordance with the Communiqué II-17.1 on Corporate Governance Principles, it was decided
At the meeting of Board of Directors’ dated 25.03.2020, Mr. Ömer Karakuş and Mr. Süleyman H. Özcan were elected as the Chairman and the Vice Chairman, respectively.
Ordinary General Assembly Meeting was held on 25 March, 2020, at 10:00, in İş Sanat Kültür Merkezi İş Kuleleri Levent–Beşiktaş/İstanbul. In the general assembly meeting;
Additionally; the shareholders were informed that, the Company made no donations in 2019, they’re also informed in accordance with the principles 1.3.6. and 4.4.7. of the Corporate Governance Principles and Article 37 of the Communiqué III-48.1.
8th coupon payment of Corporate Bond TRSISGY32111 has been made.
9th coupon rate of Corporate Bond TRSISGY32111 has been determined as 3,38% which has an issue size of TRY 100.000.000 and a floating coupon type in every 3 months.
Within the scope of protection of public healthcare, it was decided to shut down Kanyon Shopping Center located in Istanbul and Ege Perla Shopping Center located in İzmir due to the COVID-19 pandemic temporarily, as of 20 March 2020, 8:00 p.m. During this period, markets and pharmacies -where visitors can find their basic needs- could operate depending on the initiative of the store owners. We will continue to inform our investors about the developments. We hope to leave this difficult period behind in a healthy way.
At the meeting of Board of Directors which was held on March 19, 2020, it was decided to add Prof. Dr. Ms. Arzu Erdem, Mr. Haluk Büyükbaş, Mr. Nihat Uzunoğlu and Ms. Gökben Karaaslan Aksoy to independent board member nominees list. Company’s Corporate Governance Committee assessed that; Prof. Dr. Ms. Arzu Erdem, Mr. Haluk Büyükbaş, Mr. Nihat Uzunoğlu and Ms. Gökben Karaaslan Aksoy bear the independence criterias pursuant to Communiqué (II.17.1) on Corporate Governance.
For the list of Board Member Nominees please click here.
There is no postponement regarding our General Assembly Meeting that will be held on March 25, 2020, due to COVID 19. We kindly remind our shareholders willing to participate the meeting physically that participating the meeting in electronic environment can also be preferred.
In line with the proposal of the Audit Committee and the decision of the Board of Directors dated 9.03.2020, Güney Bağımsız Denetim ve Serbest Muhasebeci Mali Müşavirlik Anonim Şirketi (a member firm of Ernst&Young Global Limited), will be submitted to the approval of the General Assembly as the independent audit company for the accounting period 2020.
Our Company used a bank loan from İşbank amounting TL 150 mn for a 1 year maturity.
Legal service regarding Ege Perla Complex will be taken from Uluhan Law Office.
In accordance with the Article 40 (40/3/ç) of Communiqué On Principles Of Real Estate Investment Companies, within the scope of the collective notification of purchase, sale or leasing transactions not exceeding 2% of total assets in our latest financial statements; he value of the monthly rent (excluding VAT) regarding the rental agreements signed in 2019 is approximately TL 1,4 million.Related to residential and commercial real estates; total sales volume realized (including sales of Kapadokya Lodge Hotel) is approximately TL 136,6 million (excluding VAT).
Principal payment of Corporate Bill TRFISGY12011 has been made.
The process regarding the transfer of title deeds of the office and commercial area in Kartal Manzara Adalar to the real estate investment fund has been completed and the fund units, in return for the title deeds, have been transferred to our Company.
The payment regarding the revenue share amounting TL 173,5 mn(excluding VAT) to the ex-land owner Tecim Construction in accordance with the signed revenuesharing agreement, in return for the transfer of the office and commercial part of Kartal Manzara Adalar to the real estate investment fund, will be made with the fund units corresponding to the same amount.
Public Disclosures between 1999-2009 click here.
