2021

Please click here for all public disclosures of the company.

• Call for Ordinary General Assembly Meeting & BoD’s Dividend Distribution Proposal (26.02.2021)

  ISGYO’s Ordinary General Assembly Meeting for the accounting period 2020 will be held at the address of İş Sanat Kültür Merkezi İş Kuleleri Levent-Beşiktaş/Istanbul at 10:00 on Wednesday, 24 March 2021.
  

  • The Board of Directors’ Dividend Distribution Proposal, prepared in accordance with the CMB Regulations, Company’s Profit Distribution Policy and Company’s Articles of Association, that suggests

  • not distributing dividends in accordance with the current strategies of the Company due to the general economic conjuncture and Company’s financing policy, aiming to optimize the cash flows of the Company and
  • transferring the remaining amounts from the profits prepared according to the Tax Procedure Law and the CMB regulations to extraordinary reserves and retained earnings respectively, after the allocation of the primary legal reserve pursuant to the regulation from the profits prepared according to the Tax Procedure Law and the CMB regulations will be submitted to the approval of the General Assembly.

• Completion Of Corporate Bill Issuance To Qualified Investors TRFISGY52116 (18.02.2021)

  Our Company has completed the book building of the corporate bill with a nominal value of TRY 55.000.000 and term of 91 days to qualified investors.

• Principal Payment of Corporate Bill TRFISGY22119 (18.02.2021)

  Principal payment of Corporate Bill TRFISGY22119 has been made.

• Common and Continuous Transactions Report (18.02.2021)

  The conclusion section of the “Common and Continuous Transactions Report for 2021” prepared according to Article 10 of the CMB’s Communique II-17.1 on Corporate Governance is published on Public Disclosure Platform.

• Public Disclosure in accordance with the Article 37 (37/2) of Communiqué On Principles Of Real Estate Investment Companies (29.01.2021)

  It is a statement made in accordance with Article 37/2 of Communiqué On Principles Of Real Estate Investment Companies of the Capital Markets Board.

  By the end of 2020, when we compare the annual appraisal rental income corresponding to the average occupancy on an annual basis, the rental income below the appraisal rental value has been obtained from Kanyon Shopping Center, Ege Perla Shopping Center, Kule Çarşı and Tuzla Meydan Çarşı in our portfolio.

  With the measures taken by public authorities within the scope of the coronavirus epidemic, the decreasing number of visitors and decreasing business volume have been effective in obtaining rental income below the appraisal rental values in the said retail assets in our portfolio.

  The total rental appraisal fee calculated on the basis of the average occupancy of two shopping centers and two markets for which rental income is obtained below the appraisal lease amount for 2020 is TL 42.8 million, excluding VAT and total rental income at the end of 2020 is TL 31.2 million, excluding VAT. In addition, a rental income below the appraisal rental value was obtained from the stores of our related party Paşabahçe Mağazaları A.Ş in Kanyon Shopping Mall and Ege Perla Shopping Mall and from the branch of our related party Türkiye İş Bankası A.Ş in Kanyon Shopping Mall.

  The relevant matter will be put on the agenda of the first general assembly meeting to be held, and shareholders will be informed.

• Constructor Company for Ömerli Villa Project (27.01.2021)

  Ant Yapı Sanayi ve Ticaret A.Ş. has been chosen as the constructor company for “Ömerli Villa Project”.

• Principal and 8th Coupon Payment of Corporate Bond TRSISGY12113 (25.01.2021)

  8th Coupon and Principal Payment of Corporate Bond TRSISGY12113 has been made.

• Completion Of Corporate Bill Issuance To Qualified Investors TRFISGY42125 (20.01.2021)

  Our Company has completed the book building of the corporate bill with a nominal value of TRY 250.000.000 and term of 90 days to qualified investors.

• Principal Payment of Corporate Bill TRFISGY12110 (20.01.2021)

  Principal payment of Corporate Bill TRFISGY12110 has been made.

• Regarding the Registry Transaction of The Çekmeköy-Ömerli Land (20.01.2021)

  The land registry transaction regarding 32.8% share (owned by Bayek Tedavi Sağlık Hizmetleri ve İşletmeciliği A.Ş.) of 15.313,76 sqm land located in Çekmeköy, İstanbul has been completed and the ownership of the real estate passed to our Company.

• Selection of the Real Estate Appraisal Companies (18.01.2021)

  At the meeting of Board of Directors dated 18 January 2021, it was decided that; according to “Communiqué on Principles Regarding Real Estate Investment Companies” about the “Selection of Real Estate Appraisal Company”;

  “Nova Taşınmaz Değerleme ve Danışmanlık A.Ş.”, “Reel Gayrimenkul Değerleme A.Ş.”, “Harmoni Gayrimenkul Değerleme ve Danışmanlık A.Ş.” and “Terra Gayrimenkul Değerleme ve Danışmanlık A.Ş.” were selected to take service for the valuation of each asset in our current portfolio,

  “Reel Gayrimenkul Değerleme A.Ş.” or “Nova Taşınmaz Değerleme ve Danışmanlık A.Ş.” were selected to take service for the valuation of the assets which will be purchased and need appraisal during the year 2021.

  All the appraisal companies are CMB authorized local companies. For detailed information about each property and the related appraisal company please click here.

• Public Disclosure in accordance with the Article 40 (40/3/ç) of Communiqué On Principles Of Real Estate Investment Companies (13.01.2021)

  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; the value of the monthly rent regarding the rental agreements signed in 2020 is approximately TL 3.8 million + VAT. Amounting to approximately TL 14.8 million + VAT of land and amounting to approximately TL 7.8 million + VAT residential real estates was purchased .

  Related to Manzara Adalar, Topkapı İnistanbul and Ege Perla projects in our company's portfolio, in 2020 total sales volume realized is approximately TL 178,4 million (excluding VAT) with 231 residential real estates. 67 residential units were sold below the appraisal value. The total sales value of the 67 residential units was approximately TL 42.5 million (excluding VAT), and the total appraisal value was approximately TL 44.5 million (excluding VAT).

• Purchase decision of the land in Istanbul (06.01.2021)

  At the meeting of Board of Directors that was held on December 6th, 2021, it was decided to purchase the 32,8% share of 15.313,76 sqm land located in Çekmeköy, İstanbul owned by Bayek Tedavi Sağlık Hizmetleri ve İşletmeciliği A.Ş. for a value of TL 7,9 million + VAT. The value of the land will be paid in advance at the date of transferring the title deed.

Public Disclosures between 1999-2009 click here.