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Akfen Gayrimenkul Yatirim Ortakligi AS (AKFGY)

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3.050 +0.050    +1.67%
07:55:02 - Delayed Data. Currency in TRY
Type:  Equity
Market:  Türkiye
ISIN:  TREAKFG00012 
  • Volume: 1,164,237
  • Bid/Ask: 3.040 / 3.050
  • Day's Range: 3.050 - 3.050
Akfen GYO 3.050 +0.050 +1.67%

Akfen Gayrimenkul Yatirim Ortakligi AS Company Profile

 
Get an in-depth profile of Akfen Gayrimenkul Yatirim Ortakligi AS, including a general overview of the company's business and key management, as well as employee data and location and contact information.
IndustryResidential & Commercial REITs
SectorReal Estate
Employees

44

Equity Type

ORD

Akfen Gayrimenkul Yatirim Ortakligi A.S. (“the Company” or “Akfen GYO”) was restructured as a real estate investment trust by transforming Aksel Turizm Yatirimlari ve Isletmecilik AS (“Aksel”). Aksel was originally established on June 25, 1997 for the purpose of undertaking investments in domestic tourism sector under the partnership of Hamdi Akin and Yüksel Insaat A.S. Subsequently, Akfen Holding AS, (“Akfen Holding”) purchased shares of Yüksel Insaat A.S. in 2006 and the Company became a subsidiary of Akfen Holding. The restructuring was completed subsequent to the Board of Directors resolution dated April 25, 2006 and Capital Markets Board of Turkey’s (“CMB”) approval numbered 31/894 and dated July 14, 2006 with the result of the Company’s conversion to “Real Estate Investment Trust” registered on August 25, 2006. The change of title and activities was published on Official Trade Gazette on August 31, 2006. On August 6, 2018, 1000 A group and 1000 D group privileged shares of Akfen GYO belonging to Akfen Holding were transferred to Hamdi Akin, who is the indirect final owner of the management control of these shares. The Company’s main operations and activities are investing in real estates, real estate projects and other capital markets instruments, as described on CMB Communiqué Series: III No: 48.1, Clause 5, 23 and 25 regulating Real Estate Investment Trusts. The Company has signed a framework agreement with ACCOR S.A., one of the world's leading hotel chains, in 2005 to develop hotel projects in Turkey under the Novotel and Ibis Hotel brands. The Company is mainly developing hotels with Ibis Hotel and Novotel trademarks and leasing the hotels to Tamaris Turizm A.S. which is a 100% owned subsidiary of ACCOR S.A. operating in Turkey. The Company was enlisted on Istanbul Stock Exchange (ISE) on May 11, 2011.

Contact Information

Address Levent Loft, Büyükdere Caddesi C Blok No: 201, Floor: 8, Flat: 150
Levent, 34394
Turkey
Phone 90 212 371 87 00
Fax 90 212 279 62 62

Top Executives

Name Age Since Title
Hamdi Akin 71 2019 Chairman of the Board & MD
Oguz Seller 60 2025 Independent Board Member
Pelin Akin Ozalp - 2012 Deputy Chairman of the Board of Directors & Chairman of the Board of Directors
Gündogan Durak - 2021 Non-Executive Director
Irfan Erciyas 71 2010 Board Member
Sila Ciliz Inanc - 2010 Non-Executive Director
Mehmet Bahattin Yucel 76 2025 Independent Board Member
Selim Akin 42 2010 Board Member
Funda Caglan Mursaloglu 53 2024 Independent Board Member
Sila Skily Beliefs - 2025 Board Member
Oguz Satici 60 2021 Independent Non-Executive Director
Gundogan Stop - 2025 Board Member
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