İstanbul İstanbul - Yapı Kredi Koray

Yapı Kredi Koray Overview
Structure:
Real Estate Investment Trust
Foundation:
December 1996 (IPO in 1998)
Shareholder Base:
Yapı Kredi Bank (26%)
Koray Group
(25%)
Publicly Held (49%)
Investment Strategy: To develop a balanced portfolio of prime
residential and commercial properties
Share Holder Structure
Initially offered to public in June 1998, 49 % of Yapı Kredi Koray shares are traded on the Istanbul
Stock Exchange under the ticker symbol YKGYO. Yapı Kredi Koray is a subsidiary of Yapı Kredi Bank and
the Koray Group.
CORPORATE PROFILE
As an acknowledged leader of the real estate industry in Turkey, Yapı Kredi Koray has focused its attention on
putting all of its experience ,knowledge and energy to realize people oriented projects which is capable to satisfy
continuously expanding and changing needs of city life.
Projects developed by Yapı Kredi Koray distinguish themselves through their superior qualities and
applications that each represent firsts in the sector. Admired by its target groups have also drawn the
attention of international organizations as well.
Yapı Kredi Koray’s basic goal is to analyze market expectations correctly in order to realize original projects at
international standards. Every project that the company develops is as much focused on creating an enjoyable
living space as on being a profitable investment.
A capacity to create new concepts and transform them into trademarks strengthens
Yapı Kredi Koray’s market position, while also generating demand for the new projects that it develops.
VISION
Yapı Kredi Koray aims to:
Raise the levels of all of its business development, project management, sales, after-sales customer
relations, and financial management processes and organizational structures to those of Europe's premier
real estate firms by creating a corporate culture that is focused on performance.
Become one of Europe's most respected firms in the areas of real estate development and real estate
value creation by entering into strategic partnerships with the world's best real estate management,
marketing, and design firms.
Create value for shareholders on a regular basis and always aims to provide a very good risk return
performance
STRATEGY
As a real estate investment company ,Yapı Kredi Koray has the ability to read the macroeconomic picture
very well and come up with the best possible balance between its resources and its investments
Yapı Kredi Koray determines its strategies and portfolio composition in line with realistic expectations
about the future so as to maximize its effectiveness under all economic conditions
Yapı Kredi Koray is continuously mindful of balancing risk and returns that it secures both on its equity
and for shareholders
Yapı Kredi Koray’s investment strategy is erected on the underlying objective of generating consistent and
sustainable returns for shareholders on investment alternatives that have similar risk levels
Yapı Kredi Koray Share Performance in 2011
In a year in which the İstanbul Stock Exchange National 100 index declined 22.33% and the REIT
Index also fell down 17.23%. Yapı Kredi Koray’s share closed the year at the price of 1.36.
On 30th December 2011, Yapı Kredi Koray’s unit share price closed the year at TL 1.36 on a
weighted-average basis.
YKGYO (ISE-100) - TL
2011
2010
Year-end Share Price
1.36
1.96
Last Session Weighted-Average Price
1.36
1.98
Market Capitalization
54,400,000
78,400,000
YKGYO (ISE-100) –TL
Highest
Lowest
2011 Q1
3.01
1.96
2011 Q2
2.44
2.07
2011 Q3
2.82
1.39
2011 Q4
1.81
1.13
PROJECTS
NEO Shopping and Lifestyle Center(Eskişehir):
Neo, Eskişehir's first shopping and lifestyle center, is yet
another first authored by Yapı Kredi Koray.
With its unique architectural lines, enjoyable green spaces, and
entertainment center, Neo is the first, only, and the most
innovative example of its category in Turkey today.
Ankara-Ankara (Ankara):
Yapı Kredi Koray's first residential project development at outside
Istanbul, Ankara - Ankara brings a whole new point of view to our
capital city. Having authored many unique and award-winning
projects with its people focused approach, Yapı Kredi Koray now
appears with a project in the city of Ankara that fulfills every
expectation.
Total land (Net)
Total construction area
Total rental area
Hypermarket
Movie theatre
Food court
Stores
Opening date
50,12 m²
99,123 m²
35,813 m²
11,500 m²
2,895 m²
1,706 m²
19,712 m²
March 2007
Total land (Gross)
Total land (Net)
Total construction area
Housing construction area
Total parking space
Social facilities
Total area for sale
Launch date
Delivery date
19,912 m²
17,952 m²
43,570 m²
31,501 m²
11,020 m²
1,048 m²
28,553 m²
May 2006
March 2008
Evidea (Çekmeköy): Located at Çekmeköy on the Asian side of İstanbul,
Evidea is a joint venture of Yapı Kredi Koray and Doğuş GE GYO in which each
controls a 50% stake. The project offers a pleasant alternative to the urban life
and including every finest details to provide an enjoyable way of of life
İstanbul Bis: The third project undertaken by Yapı Kredi Koray, İstanbul Bis
brings a brand-new look to the Kemerburgaz Göktürk region with its original
architecture and landscaping.
İstanbul Zen: The second project undertaken by Yapı Kredi Koray, İstanbul Zen
was designed to achieve a harmonious blend of countryside repose and urban
comfort far from the pressures and concerns of metropolitan living. Situated in
the earthquake resistant Göktürk region, the project occupies 10.000 m² of
grounds near İstanbul İstanbul.
Total land (Gross)
Total land (Net)
Total construction area
Housing construction area
Total parking space
Social facilities
Total area for sale
Launch date
Delivery date
59,870 m²
34,022 m²
101,188 m²
74,289 m²
25,262 m²
1,637
m²
67,887 m²
October 2004
July 2006
Total land (Gross)
Total land (Net)
Total construction area
Housing construction area
Total parking space
Social facilities
Total area for sale
Launch date
Delivery date
12,079 m²
9,858 m²
26,666 m²
21,345 m²
4,787 m²
534
m²
17,809 m²
April 2005
March 2007
Total land (Gross)
Total land (Net)
Total construction area
Housing construction area
Total parking space
Social facilities
Total area for sale
Launch date
Delivery date
9,934 m²
8,830 m²
21,453 m²
14,674 m²
6,440 m²
339
m²
13,915 m²
September 2004
March 2006
İstanbul İstanbul: Inaugurated in 1999, İstanbul İstanbul is a unique blend
of the Mediterranean and traditional Turkish Architectural styles. It was
the first residential project to be planned, developed, built, and marketed
entirely by a Privately owned real estate investment trust in Turkey.
Awards: ULI Awards for Excellence finalist 2003, MIPIM Awards 2002
winner, CRM Oscars winner 2003
Total land (Net)
Total construction area
Housing construction area
Total parking space
Social facilities
Total area for sale
Launch date
Delivery date
72,743 m²
76,750 m²
50,633 m²
24,453 m²
1,664 m²
40,743 m²
March 1999
June 2003
Riva: Riva joined the ranks of İstanbul's newest settlement
regions when a 16,000,000 m2 tract of land was opened for
development in early 2005.
Market researches indicate the Riva as İstanbul's rising star and
will be one of the most popular living areas on the Asian side of
the city.
Yapı Kredi Koray's Riva, project will be established in about
480,000 square meter area.
The firm will intend to set up its own original projects, according
to municipality’s examination of its development plan.
Yapı Kredi Koray has been planning to develop the project at
Riva, which will have unique concept and different from others.
Ankara Çankaya: Located in Çankaya, Ankara's most prestigious
district, this project consists of three residential blocks
(two 8-story and one 6-story) and three commercial blocks
(two 5-story and one 3-story).
The project includes a shopping center that will give residents and
visitors access to the world's leading brands and labels.
Located on İran Avenue, Ankara's premier thoroughfare, every
detail of the Çankaya project reveals the uncompromising care
that Yapı Kredi Koray gives to quality in every detail.
Narmanlı Han: Built at the end of the 19th century in Beyoğlu, one of
Istanbul’s historic neighborhoods, as service quarters for the Russian
embassy, Narmanlı Han was expanded through various supplementary
units until the early years of the 20th century.
Occupying a 2,643 square meter estate, Narmanlı Han today consists of
five large buildings situated around an inner courtyard.
So a s to provide a “meeting place” in Beyoğlu for the residents of
Istanbul, the complex will be transformed into an “urban center”,
containing a variety of facilities such as movie theater, a concert hall, an
art gallery, shops, book and music stores, cafes, restaurants, studios and
workshops.
Elit Residence: Situated in Şişli, one of the central districts
of Istanbul, with unrivalled access to all the amenities of
metropolitan life, Elit Residence occupies 4,500 m2 of
grounds.
Designed by BSB London Architects, Elit Residence's
elliptical form made a handsome and modern new
addition to Istanbul's celebrated skyline when it was
completed in 2003.
Elit Residence was among the top three contenders in the
residential projects category in the MIPIM competition
held in France in 2001.
Elit Residence has 30,000 square meter of enclosed space,
of which 15,000 square meter is intended for residential use.
Yapı Kredi Koray has 2 units at Elit Residence
Bomonti Apartman: Bomonti is showing a modern
and elegant appearance thanks to new residential
buildings, shopping centers and hotels being built
one after an other. The area encloses some of
Istanbul's historically and culturally priceless
buildings.
Bomonti is also the heart of the commercial and
business facilities.
On-going road, tunnel and infrastructure works will
soon make Bomonti a well furnished center of
attraction.
Yapı Kredi Koray has 9 units at Bomonti Apartman
Levent Loft Garden: Offers a unique life style with its elegant
and inspiring architecture ,located in Levent, major business
districts of İstanbul and connected with a direct exit to the
TEM highway.
Provides comfortable life style and pleasant environment
to its residents and see the life from perspective of
a privileged viewpoint.
Levent Loft Garden provides rich variety of social facilities,
while offering vibrant, dynamic and unique life style at
istanbul’s heart with unmatched access to metropolitan life.
Yapı Kredi Koray has 5 units at Levent Loft Garden
Kağıthane OfisPark: The concept and architectural projects are
designed as a modern interpretation of existing neighborhood
aura. Kağıthane OfisPark has won MIPIM Architectural Review
Future Awards at the category of office projects in 2009.
The complex has LEED certificate in the category of
Core & Shell.
Kağıthane OfisPark has contemporary and innovative
design ,and provides companies to opportunity to get at
the heart of the city.
Yapı Kredi Koray has purchased 2 office floors at Kağıthane
OfficePark.
SUBSIDIARIES
YKS Tesis Yönetim Hizmetleri A.Ş.: A facility-management services
company responsible for the conduct of more than 30 projects, YKS Tesis
Yönetim Hizmetleri A.Ş is a building management and services company in
which Yapı Kredi Koray and the Koray Group control 51% and 49% stakes
respectively. The company is the fourth biggest facility management firm
in Turkey.
Gelişim Gayrimenkul ve Yatırım Ticaret A.Ş.: A real estate development
company, which seeks out investment opportunities in the real estate sector.
Yapı Kredi Koray has set up the company on 14th November 2008 and has got
99.99% stake of the company. Gelişim Gayrimenkul ve Yatırım Ticaret owns
223,823 square meter of land at Riva Göllü and 207,088 square meter of
land at Riva East
CONTACT
YAPI KREDİ KORAY HEADQUARTERS
Adress: Elit Residence, 19 Mayıs Caddesi, İsmet Öztürk Sokak, No:17 Kat:17 Şişli 34360
Istanbul
Phone: +90 212 380 16 80 (pbx)
Fax :+ 90 212 380 16 81
E-mail: [email protected]