26.03.2023 - Initiation of a New Residential Project

Ref: Our Public Disclosures dated 29.05.2018 and 12.08.2022

Our Board of Directors approved the initiation of a new residential project on a land equally owned by Turkish Airlines and Emlak Konut Real Estate Investment Company. The land has an area of 3.6 million square meters and located in the Dursunköy neighborhood of Arnavutköy, Istanbul. 

The project will feature a total of 14,000 houses to be built in stages and the sales process will be managed by Emlak Konut Real Estate Investment Company. At least 3,000 of the houses will be sold to the employees of Turkish Airlines and its subsidiaries. Our Incorporation will determine the allocation of these houses through a lottery process.

Respectfully announced to the public.