Emlak Konut Gayrimenkul Yatırım Ortaklığı A.Ş.
TOKİ, within the framework of the expansion in its activities, and the companies in the portfolio of the entities transferred to the Administration, pursues its activities along with its 7 participation companies.
These participations offering service in the fields of project management, real estate marketing, undertaking, management services, real estate evaluation, restoration finance, trade and counseling, consist of Emlak Planlama İnşaat Proje Yönetimi ve Tic. A.Ş., Vakıf Gayrimenkul Yatırım Ortaklığı A.Ş., Vakıf İnşaat Restorasyon ve Tic. A.Ş., GEDAŞ Gayrimenkul Değerleme A.Ş., TOBAŞ (TOKİ Büyükşehir Belediyesi İnşaat Emlak ve Proje A.Ş.) Boğaziçi Konut Hizmet Yönetim İşletmeciliği ve Tic. A.Ş. and Emlak Konut Gayrimenkul Yatırım Ortaklığı A.Ş.(Emlak Konut REIT)
Emlak Konut GYO A.Ş. (Emlak Konut REIT) is the largest subsidiary of TOKİ, transferred from liquidated Emlak Bank in 2002. Since the beneficiaries of the defunct Housing Acquisition Aid (KEY) administrated within the National Treasury, also had ownership in the REIT together with TOKİ, settlement of the KEY accounts was realized after payments made through Ziraat Bank to the beneficiaries.(Following the resolution of its capital decrease at the ordinary general meeting of shareholders in April 2009, TOKİ’s ownership has reached 99%, as the KEY beneficiaries have started to receive their share payments.)
Emlak Konut GYO A.Ş. (Emlak Konut REIT) has a wide range of activities. It doesn’t need funding from TOKİ with its self-contained structure materializing revenue sharing housing projects along with the private sector.)
The capital of Emlak Konut GYO (Emlak Konut REIT) has been increased to 2.5 billion TL on 17 August 2010, and 625 million TL of the same was offered to public. That amount is 25% of the total capital. It was recorded as the biggest but 5th public offering transaction of the Republic history through demands from both the domestic and foreign markets as a result of the final demand collection process.
Emlak Konut GYO A.Ş. (Emlak Konut REIT), providing for increase to 3.800.000.000 TL of its capital, and public offering of the 1.300.000.000 TL portion of the increase, started and completed its second public offering procedure on 4 November 2013. On realization of the 2nd public offering procedure in question, the total rate of Group A and B shares of the Administration rose from 75% to 49,33%. 2,3 fold demand was received for the share certificates in the secondary public offering and Emlak Konut public offering in which more than 100 international investors from 20 different countries were interested, became the biggest public offering of the year in the form of capital increase in the Middle East Europe, Middle East and Africa region.
The record-breaking attraction to the public offering is a result of the stability, economic development in our country, the opportunities caused by the development and also the confidence in TOKİ and Emlak Konut GYO A.Ş. (Emlak Konut REIT)