CONSTRUCTION INDUSTRY IN TURKEY · Soyak Insaat, Tahincioglu 2010 Adapazari Neo AVM Adapazari...

CONSTRUCTION INDUSTRY IN TURKEY

CONSTRUCTION INDUSTRY

Construction is one of the key sectors in Turkey, being one of the main drivers of private and public investments. As a result of economic reforms Turkey has established a large and strong construction industry in a short time. In 2007 new building permits reached 124.1 million square meters.

Apart from the Middle East and North African market in which Turkish contractors have enjoyed a great share of civil engineering and electromechanical erection work, the former USSR and some European countries have opened their construction market to Turkish Contractors. Today, they are working in four continents and 69 countries, using all the financial, managerial and technological instruments of International contraction standards.

The development of construction industry has resulted in a large and diversified production of building materials sector, a dynamic contracting and engineering services and though young, but a well established construction and mining machinery sector.

Today Turkish construction and engineering companies are able to design, erect, build and operate almost all kinds of civil and industrial projects such as: dams, hydroelectric and thermal power plants, industrial plants, airports and seaports, large scale petroleum and natural gas pipelines, fertiliser plants, petrochemical complexes and refineries, motorways, tunnels, bridges, large housing projects, hotels and all kinds of sophisticated buildings. In the period of 1972‐2007 about 700 Turkish contractors have completed over 4300 projects in 69 countries. The total value of the projects undertaken by Turkish contractors abroad reached USD 105 billion in the same period.

The report entitled ‘Economical Assessment and Suggestions for the Construction Sector and the Construction Materials Sector’, prepared by the Association of Turkish Building Material Producer (IMSAD), states that the construction materials sector is among Turkey’s leading sectors. Approximately 20% of economic growth is based on the growth in the construction and construction materials sectors. According to the report, there are 85,290 contractor firms in the construction sector, with 700 contractors continuing their operations abroad. There are 308,663 engineers and architects as well as around 2,000 technical consultancy firms affiliated with 23 professional associations in the construction sector. Some 150 large companies in the sector realize 75% of all projects in the country, with a 90% share in international projects. There are approximately 6,500 producers in the construction materials sector. Their total production in 2006 was USD 27.2 billion, and 60% of production is used domestically while the other 40% is exported.

1.3 million people work in the construction sector and 225,000 people work for the 6,500 producers in the construction materials industry. The 1.5 million people working in both sectors combined constitute 6.84% of total employment.

BUILDING LICENSES AND USAGE PERMITS

Construction Licenses 2007 2006 Change (%)

Number of buildings 105 865 114 200 ‐7.3

Building surface area (sqm) 124 132 360 122 909 886 1.0

Value (USD) 49 984 784 608 45 518 649 003 9.8

Number of units 581 696 600 387 ‐3.1

Building usage permits 2007 2006 Change (%)

Number of buildings 67 913 73 383 7.5

Building surface area (sqm) 63 150 147 57 207 320 ‐10.4

Value (USD) 24 540 381 028 20 291 058 456 20.9

Number of units 325 330 295 389 10.1

Source: CBRE

IMPORTANT PROJECTS

MARMARAY CONNECTING EUROPE AND ASIA UNDER THE BOSPHORUS

The Turkish Republic State Railroad Administration, TCDD, plans to renew its current railroad network of 10,000 km by 2011. The Marmaray project in Turkey is one of the most important transportation projects will also be connected to the Kars‐Tbilisi railroad and many suburban lines. The first section of the Istanbul‐Ankara fast train project is completed in March 2009, reducing travelling time between the two cities to 2.5 hours. TCDD is also working on the Ankara‐Afyon‐İzmir railroad project and the Ankara‐Konya fast train line will be operating at full capacity in 2009. The Marmaray submarine tube crossing the Bosporus the Ankara‐Istanbul and Ankara Konya fast train tracks, and Egeray projects are currently being built. New fast train projects for Ankara‐Sivas, Bursa‐Osmaneli, Ankara‐Izmir and Istanbul Edirne will also enhance the development of cargo transportation and of new logistic centers. The Railways Act is currently being drafted to create the infrastructure enabling private companies to operate, establish a distinction between the construction of the infrastructure and the operational activities.

The Marmaray Project

LOGISTIC VILLAGES Considered as the hearth of contemporary freight transport and improving the combined transport by integrating into all transport modes, logistic villages are being constructed in Turkey. As the first phase, the construction of 11 logistic villages are planned namely as Istanbul Halkali‐İspartakule (improving), Izmit Kosekoy (first step), Kayseri‐Bogazkopru (under tender), Samsun‐Gelemen (in the pipe line), Hasanbey‐Eskisehir (at tender), Balikesir (under project), Yenice‐Mersin (under project), Palandoken‐Erzurum (under project), Konya (under project), Kaklik‐Denizli (under project), Usak (under project). In addition to this Tekirdag Project, located between Tekirdag and Muratli will 32 km. Its construction is in the pipe line. This project will be expanding to Tekirdag‐Akport and than a ferryboat seaport will be constructed. The access to Europe will be from Derince port, Bandirma port and Tekirdag. THIRD BRIDGE IN ISTANBUL The highway project in Istanbul, including the third bridge is planned to be built at Bosphorus. The General Directorate of Turkish Highways will shape the final route once the exact location is set. The bridge, the construction of which will be completed in four years, will likely be located 500 metres south of the first bridge.

Second Bridge, Istanbul

BRIDGE IN IZMIT Izmit Bay Bridge includes a 3.3 km long suspension bridge with approach roads and a highway, which together will provide a dual, 3‐lane route across Izmit Bay. On completion, it would have a main span making it the second longest in the world at 1688 metres, with side spans of 560 metres. A Kvaerner‐led Joint Venture, the Anglo‐Japanese‐Turkish Consortium, which includes the Turkish contractor Enka, Japanese contractors IHI, MHI and NKK, and the trading houses Itochu and Marubeni, was recommended as the preferred BOT proponent. The bridge engineer for the Government of Turkey on the project is Delcan International. The design of the Izmit Bay Bridge, with a main span of 1688 m, owes a debt of gratitude to the revolutionary Severn Bridge, which has a suspended span of 987.5 m and was constructed in 1961‐66, and to succeeding steel box aerofoil structures such as the Bosphorus Bridges, and the Great Belt East Bridge in Denmark.

OTHER PROJECTS IN TURKEY 2008 AND BEYOND

The list shows projects currently in the development pipeline throughout Turkey. The information has been provided by representatives in the real estate industry. The overview covers a wider variety of projects to be realized.

CITY PROJECT PROGRAM DEVELOPMENT PLANNING Adana Adana Ancora Shopping center 60 000 sqm Acteeum Group 2010

Adana Adana Shopping Center 55 000 sqm, 2 000 parking spaces, hypermarket, 150 stores, movie theatre, 2 500 sqm entertainment area, 3 500 restaurants Ronesans Insaat 2009

Adana Shopping Center Shopping center 140 000 sqm Soyak, Tahincioglu 2009

Adana Shopping Center 25 999 sqm Soyak Insaat,

Tahincioglu 2010

Adapazari Neo AVM Adapazari Shopping center 140 000 sqm, 12 500 sqm, hypermarket, 150 shops, 1 500 seated cinema capacity, 2 500 parking spaces, 10 000 sqm DIY Krea Group 2009

Ankara Akkent Konutlari Residential 160 000 sqm, 1 263 houses Unal Akpinar Insaat N.A

Ankara Ankara Cankaya Residential and shopping center 10 000 sqm Yapi Kredi Koray

Gayrimenkul 2008

Ankara Ankara Cayyolu Shopping center 54 000 sqm hypermarket of 5 000 sqm, electronics market 4 000 sqm, movie theatre complex with 13 halls, 160 stores Redevco 2009

Ankara Antares Mixed‐use, shopping center 112 100 sqm, 613 residential units Dolunay 2010 Ankara Besa Karina Evleri 72 000 sqm, 620 flats, 30 000 sqm parking spaces Besa Insaat N.A Ankara Beysupark Residential 560 houses Birlik Yapi N.A Ankara Forum Ankara Shopping center 78 300 sqm Multi Turkmall 2010

Ankara Gordion Shopping Center Shopping Center 50 000 sqm, 200 retail units, multiplex cinema, hypermarket, 2 000 parking spaces Redevco 2009

Ankara Guneypark Residential 1,5 million sqm, 47 towers 6 000 residences, lower parts consist of terrace type low‐rise housing, sport, shopping, health, school, recreation and social facilities Eskogullari Group N.A

Ankara Kent Park Mixed‐use, 68 000 sqm shopping center and 465 residential units Megaturk 2008

Ankara Muratlikoy Residential, total area 322 100 sqm, total residence area 36 000 sqm, total residence 200 units, open‐space area 280 000 sqm total commercial area 5 000 sqm

Akem Project and Land Development Consultancy 2010

Ankara Nevbahar Konutlari Residential 237 000 sqm 22 block flats, 1 244 apartments recreation area 56 000 sqm, outlet center, Nevhayat private hospital, private high school YDA Group 2010

Ankara Northern Ankara Urban transformation project, 18 000 sqm residential Ankara Metropolitan

Municipality N.A

Ankara Park Oran Residential 17 block flats with 31 floors, 1,832 apartments Mesa‐Akturk, Emlak Pazarlama Ortakligi 2009

Ankara Shopping Center Shopping center 104 408 sqm with IKEA Maya Holding 2008

Ankara Turkuaz Vadisi 837 600 sqm, 4 856 houses, shopping center, day nursery, elementary school, high school, gymnasiums, social centres and landscaping

Collective Housing Administration N.A

CITY PROJECT PROGRAM DEVELOPMENT PLANNING Antalya Alanya‐Gazinpasa Airport International Airport TAV 2008

Antalya Forum Antalya 230 000 sqm total construction area 111 000 sqm retail area, city park, aquarium, Modern Art Museum and entertainment areas Multi Turkmall 2009

Bayrakli Shopping Center 44 000 sqm Torunlar, Hayat Kimya, Sur Yapi, Nokta Insaat N.A

Bodrum Bargylia Holiday village, 196 residences Regnum N.A Bodrum Bay Peninsula 115 000 sqm, modern villas complex Financial Dimensions N.A

Bodrum Bodrum‐Milas Project Mixed‐use 4 750 000 sqm, hotels, golf course, residences, 5 000 housing, shopping centres, sport facilities Agaoglu N.A

Bodrum Gardens of Babylon Residential 40 000 sqm, 74 residences, 22 duplex boutique hotel suites, 91 sqm each, 28 lake villas, indoor Spa Cakirlar Group of Companies 2009

Bodrum Turkuaz Koy Evleri Residential 126 villas (1st phase), 60 villas (2nd phase), three different types of apartments built in two storey‐buildings

Profilo Holding Construction Group 2008

Bodrum Villa select Residential 113 000 sqm, villas complex Semerkand Yapi N.A Bozbuyuk Kaplankaya Multi‐purpose tourism project, 2 058 houses, 5 hotels Capital Partners 2012 Bursa Anatolium Shopping Center Shopping centre 78 00 sqm, 2 400 parking spaces, number of stores approx. 200 Maya Holding 2009 Bursa Bursa Shopping Center Shopping center 78 588 sqm, with IKEA Corio, Maya Holding 2009 Bursa Bursa Wholesale Market Wholesale market, indoor area 40 000 sqm, 152 stores N.A N.A Camlik Forum Camlik Shopping center 34 000 sqm, 2 000 parking spaces, movie theatre, restaurants, recreation area Multi Turkmall 2008 Cerkezkoy Dreamcenter shopping center Shopping center 8 000 sqm 70 stores, 500 parking spaces AA Grup 2008 Corlu Corlupark shopping center Shopping center 45 000 sqm 100 stores Corlu Propa 2009 Denizli SumerPark Shopping center 55 000 sqm Pera REIC 2010 Denizli SumerPark Mixed‐use 300 000 sqm, houses, 5‐star hotel shopping center, Spa, hospital, car parks Pera GYO, Okyanus 2008 Diyarbakir Forum Diyarbakir Shopping center 55 000 sqm, hypermarket, DIY, eight screen cinema, 150 shops Multi Turkmall 2009 Edirne Redevco Edirne Shopping center27 000 sqm Redevco 2010 Erzurum Erzurum Meydan Shopping center 31 000 sqm Redevco 2009 Erzurum Erzurum Shopping Center Shopping center 32 000 sqm 130 stores, 1 200 parking spaces Redevco 2009

Gaziantep Forum Gaziantep Shopping center 44 000 sqm, Hypermarket 7 300 sqm, DIY 4 000, anchors 4 400 sqm, retail 19 000 sqm, restaurants 1 700 sqm, cinema and entertainment 3 700 sqm, 1 500 parking spaces Multi Turkmall 2008

Gaziantep Gaziantep Shopping center 56 000 sqm Sanko Holding,

Ronesans 2009

Gaziantep Sanko Park 50 000 sqm, hypermarkets, recreation center including an ice skating rink Ronesans Group,

Sanko Holding 2008 Gebze Logistical warehousing Warehouse 100 000 sqm EMG Gayrimenkul N.A Hadimkoy Logistical warehousing Warehouse 80 000 sqm EMG Gayrimenkul N.A Hatay Shopping Center 40 000 sqm Soyak Insaat N.A Istanbul 212 Istanbul Mixed‐use 69 000 sqm, 148 stores, 539 residential units, 3 300 parking spaces Edip Real Estate 2009

Istanbul Airport Shopping center Shopping center 50 000 sqm Londra Dis

Ticaret Turizm 2008

Istanbul Akkoza Shopping center Shopping center 70 000 sqm, including 5 500 residential units and Festival Park, 3 300 sqm green areas with 5 000 seating capacity Akis, Corio, Koza 2010

Istanbul Anthill Residence Residential 90 000, retail 50 000 sqm Ant Yapi N.A

CITY PROJECT PROGRAM DEVELOPMENT PLANNING Istanbul Buyaka Artell Mixed‐use, retail, residences and office areas Artell, Koytur 2009 Istanbul Buyaka Artell Residential, three buildings with 23 floors each. Office building 22 floors Artell, Koytur Insaat N.A Istanbul Canan Residences Residential, 259 flats, shopping mall in three blocks constructed on an area of 12 600 sqm Canan Yapi N.A

Istanbul City Part (Carrefour Merter) Shopping center 138 000 sqm including office spaces Apollo Real Estate,

Multi Turkmall 2009 Istanbul Deepo Outlet Center Outlet center 78 000 sqm, 167 stores, 1 723 parking spaces Torunlar Insaat 2009 Istanbul Diamond of Istanbul Mixed‐use, 300‐room hotel, 200‐store retail and residential Hattat Group 2010

Istanbul Forum Bakirkoy

Shopping center, retail 70 000 sqm hypermarket 22 000 sqm, DIY 14 000 sqm, electronics store 8 000 sqm, home decoration 8 000 sqm, leisure 6 000 sqm, cinema 6 500 sqm, restaurants 6 500 sqm, offices, 19 000 sqm, 4 000 parking spaces Multi Turkmall N.A

Istanbul Forum Istanbul

Shopping center, IKEA 30 000 sqm, DIY 10 000 sqm, retail 90 000 sqm, real hypermarket, 15 000 sqm, restaurants 4 800 sqm, leisure 10 200 sqm, residential 45 000 sqm, offices 40 000 sqm, hotel 7 000 sqm, 5 500 parking spaces Multi Turkmall 2009

Istanbul Forum TEM

Shopping center, hypermarket 13 200 sqm, DIY 7 000 sqm, anchors 13 800 sqm, retail 30 100 sqm, restaurants 2 3000 sqm, leisure 3 000 sqm, cinema 3 200 sqm, office 22 000 sqm, 3 550 parking spaces Multi Turkmall 2009

Istanbul Halkali Shopping center, 67 stores Migros 2009 Istanbul Ikiz Istanbul Residential, two buildings of 33 floors each and six buildings of 26 floors each Eroglu Yapi 2010

Istanbul Istanbul Ancora Shopping center 105 000 sqm leasable area anchored by a 13 500 sqm hypermarket, 5 500 sqm electronic store, cinema, 3 500 ‐ 4 000 parking spaces Acteeum Group 2011

Istanbul Istanbul Kozyatagı Optium Shopping center 40 000 sqm Ronesans Group 2009

Istanbul Istanbul Sapphire Total area 157 711 sqm, mixed‐use, 35 000 sqm shopping center, spa center, golf practise range, pool/fitness center Kiler REIT 2009

Istanbul Mahmutbey Shopping Center Shopping center 200 000 sqm Torunlar Insaat 2010 Istanbul Marka City Shopping Center Shopping center 22 000 sqm, 120 stores N.A 2008 Istanbul Marmara Park 100 000 sqm ECE 2010 Istanbul Mashattan Residential, 140 000 sqm, 10 buildings each of 33 floors with a total of 1 140 apartments Tasyapi Insaat 2008 Istanbul Maslak Teras Project Mixed‐use, 140 000 sqm shopping center, hotel and residences Hema Holding 2009 Istanbul Mecidiyekoy Residential, total area of 244,428 sqm, 2800 parking spaces D‐Yapi, Tasyapi N.A

Istanbul Merter Shopping Center Shopping center 65 000 sqm, apartments and offices on a total land area or 187 000 sqm Sinpas, Akkok,

Ulker, Corio 2010 Istanbul Narcity Residential, total size 284 822 sqm, residential 211 924 sqm, parking area 55 904 sqm Tepe Insaat San 2009 Istanbul Neo AVM Bahcesehir Shopping center 64 120 sqm, 127 shops, cinema 2 000 parking spaces Krea Group 2009

Istanbul Neo AVM Pendik Shopping center 31 0000 sqm, 5 500 sqm hypermarket, 120 shop mix with five anchors, 1 500 seated cinema capacity, 1 250 parking spaces Krea Group 2009

Istanbul Palladium Shopping Centre and Residences Shopping center 36 713 sqm, 94 residential units, 2 000 parking spaces Kozken Insaat 2008

Istanbul ViaPort Outlet Outlet area 100 000 sqm, fair space 30 000 sqm, five‐star hotel with 700 rooms, convention halls, day care, 2 200 parking spaces Bayraktar Construction 2008

Istanbul Yenibosna Kuyumcukent Bazaar Retail 53 000, 2 265 parking spaces N.A 2008

Istanbul Zeytinburnu Touristic Port Complex Cruise port comprising 1.47 million sqm area for 8 million passengers, a 750‐berth Mediterranean style showcase marina and 400 000 sqm of leasable commercial and residential space

Ronesans and Kochan J.V. Partnership 2010

CITY PROJECT PROGRAM DEVELOPMENT PLANNING

Izmir Multi Centrum Multi‐functional development, 18 392 sqm, housing, home‐offices, shopping center Gayrimenkul

Yatırım Ortakligi N.A Izmir Izmit Logistic Center Warehouse, 13 units of 10 000 sqm each Goodman 2008 Izmir Izmit Shopping Center Shopping center 52 000 sqm, 160 stores, 2 000 parking spaces Nur Insaat 2009

Kahramanmaras Ancora Kahramanmaras Shopping center 55 000 sqm Acteeum Group 2010

Kayseri Forum Kayseri 66 100 sqm, three floors, retail 22 000 sqm, hypermarket 11 600 sqm, restaurants 2 700 sqm, cinema & entertainment 6 000 sqm, residences, hotel, 3 250 parking spaces Multi Turkmall 2010

Kayseri Kayseri Stadium 33 000 people capacity Greater Municipality

of Kayseri 2008 Kocaeli Izmit Park Shopping center 52 000 sqm Nur Construction 2009 Kusadasi KOMER 1,1 million sqm, mixed‐use, 50 000 sqm congress and exhibitions area, hotel, park N.A 2008

Manisa Manisa Shopping Center Total area 90 000 sqm, shopping center 55 000 sqm, 125 stores, hypermarket 11 000 sqm, 2 500 parking spaces Redevco 2009

Mersin Logistic Village Logistics center The International

Transporters' Association 2009

Mugla Gocek Marina Resort Portville, Prot Gocek Marina, Swissotel Gocek Marina Resort

Anadolu Turizm Yatirim A.S. A Group of Companies

of Turkon Holding 2009

Nevsehir Forum Kapadokya Hypermarket 8 500 sqm, retail 10 000 sqm, restaurants 1 500 sqm, cinema and leisure 3 400 sqm, 800 parking spaces Multi Turkmall 2009

Palandoken Business Center 8 500 sqm, movie theatre, recreation area for children, hypermarket, 10 000 sqm retail park, 158 shop mix, 1 500 seated cinema capacity, 2 000 parking spaces Redevco N.A

Sakarya Neo AVM Adapazarı Shopping center 52 500 sqm, 12 500 sqm hypermarket, 10 000 sqm retail park, 158 shop mix, 1 500 seated cinema capacity, 2 000 parking spaces Krea Group 2010

Salhane Comercial center 125 000 sqm, 35 floors Eyilik Family N.A Samsun Ancora Samsun Shopping center 62 000 sqm, a five‐star hotel with convention facilities Acteeum Group 2009

Samsun Ancora Samsun Shopping Center 62 000 sqm, 1700 parking spaces, 8 000 sqm hypermarket, 180 small stores, restaurants, movie theatres, five‐star hotel, 1 750 parking spaces Acteeum Group 2009

Sanliurfa Ancora Sanliurfa Shopping center 45 000 sqm Acteeum Group 2010 Tekira Tekirdag Shopping center approx. 30 000 sqm hypermarket f approx. 7 000 sqm, 1 200 parking spaces Corio 2009 Temelli, Ankara Temelli Yenihisar Villakent Villa parcels, 5 000 houses, livrary, crèche, cinema theatre Turkkonut 2009 Tokat Ancora Tokat 25 000 sqm Acteeum Group 2010

Trabzon Forum Trabzon Shopping center 45 500 sqm, retail 33 000 sqm, hypermarket 4 000 sqm, DIY 5 000 sqm, restaurants 2 200 sqm, leisure 1 000 sqm, cinema 3 000 sqm, 1 800 parking spaces Multi Turkmall 2008

Trabzon Novotel Hotel Five‐star hotel, 199 rooms Akfen Holding N.A

Trabzon Trabzone Shopping Center

45 000 sqm construction area, 60 000 sqm facilities area, hypermarkets, 7 000 sqm stores, 3 500 sqm children's center, 5 000 sqm movie theatres, 8 500 sqm home supply store, 2 500 sqm studio apartments Sumela Insaat 2009

Zonguldak Dedeman Hotel 10 floors, 200 rooms, 600 beds, three pools, movie theatre Dedeman Hotels Group

/Demir Madencilik 2008

REAL ESTATE DEVELOPERS IN TURKEY HOUSING DEVELOPMENT ADMINISTRATION OF TURKEY – HDA (TOKI) For more than 20 years TOKI maintained its activities for the production and implementation of the housing and urbanization policies in Turkey. It can be accepted as the biggest developer of Turkey working dependent on Turkish government. The projects for producing housing units for low‐income groups under favorable terms and conditions have precedence among TOKI's applications. Within the framework of the housing campaign launched under the "planned urbanization and house production" program, TOKI intends to provide 5‐10% of the emergency housing requirement which was estimated to be 2,5 million by the TURKSTAT and the SPO with a view to contributing to regular urbanization by:

• Imposing discipline in the housing sector by ensuring that house production follows a certain model through alternative applications,

• Producing housing units in regions where the private sector fails, • Ensuring that low income groups acquire houses under favorable terms and conditions, • Ensuring slums conversions in cooperation with municipalities.

Partnerships of TOKI 1 ‐ Emlak Real Estate Investment Company 2 ‐ Real Estate Marketing, Project Management and Service Company 3 ‐ TOBAS Company 4 ‐ Real Estate Expertise Company 5 ‐ Vakıf Real Estate Investment Company 6 ‐ Vakıf Construction, Restoration and Trade Company

KIPTAS: EXAMPLE OF MUNICIPALITIES KIPTAS is a participation of Istanbul Metropolitan Municipality. KIPTAS builds low cost‐ small size housing units in order to avoid premature growth of the city and to provide secure and cozy places to people with low income. COOPERATIVES IN TURKEY: EXAMPLE OF BATIKENT PROJECT Using cooperative institutions is also a common system for developing new housing units. In this type of development cooperatives are established with their future residents. They pay monthly payments to these institutions to finance their project. This means the marketing procedure of a project is done before beginning of the construction. The Project of Batikent has been the biggest mass housing project accomplished through cooperatives in Turkey. A whole city has been developed through the project. Having commenced in 1979, with the foundation of Kent‐Koop which has been a union of housing cooperatives, the Batikent Project has sheltered 200,000 persons in 45,000 housing units since 1983, in which the first settlement had begun with only 516 housing units. For more information about “Turkish Urban Cooperatives” please refer to Central Union Of Turkish Urban Cooperatives ‐ www.turkkent.org.tr/eng/ REICs (GYOs) REICs (Real Estate Investment Companies) are the institutions that can invest on real estate, real estate development projects and establish partnership structures, in order to undertake large‐scale, distinctive real estate projects. Investing to the REICs is the only investment opportunity to the sector in Turkey except for direct purchase of housing units.

REIC’s are exempt from corporate & income taxes and they are required to float at least 49% of shares to public. Turkish REIC’s are mostly affiliated to large established groups. There are 14 REICs listed in the Istanbul Stock Exchange (ISE) with a total portfolio of US$3.2 billion as of March 2008: Akmerkez REIC, Alarko REIC, Atakule REIC, Dogus – GE REIC, EGS REIC, Is REIC, Nurol REIC, Ozderici REIC, Pera REIC, Saglam REIC, Sinpas REIC, Vakif REIC, Yapı Kredi Koray REIC, Y&Y REIC In addition to the 14 public REICs, there are 13 more REICs that have been established and have started operations, forming their portfolios and preparing for the initial public offerings. With the quotation of Agaoglu, Akfen, Albayrak, Buyukhanlı, Dedeman, Emlak Konut, Han Yapı, Idealist, Kiler, Marti, Maya, Torunlar and TSKB REICs to the ISE, there will be 27 REICs. The interest of foreign investors in Turkish REICs was first revealed when Dutch real estate group Corio purchased 46.9% of Akmerkez REIC. Later, foreign investment funds such as Credit Suisse, JP Morgan Chase & Co, NCH New Europe Property, East Capital Asset Management and Turkish Investment took up positions in REIC stocks, with the total shares of foreigners in REICs increasing to 30%. US‐based fund manager Rudolph Younes purchased 13.35% of Y&Y (Ihlas) REIC and GE Capital Corporation purchased 25.5% of the Dogus GE (Garanti) REIC from its previous owners. Foreign investors also have shown great interest in the existing real estate portfolio of REICs, such as the Eskisehir Neo Shopping Mall of Yapi Kredi Koray REIC and the Kanyon Project of Is REIC. In the coming period, mergers and acquisitions in REICs are expected to continue. Furthermore, foreigner investors are expected to start founding their own REICs in Turkey. REICs can be classified in “Asset Management” and “Financial Servies” companies in Turkey. FOREIGN DEVELOPERS Institutional investors and real estate developers in Turkey: Emaar Turkiye was formed in June 2006 by real estate agency Emaar Properties PJSC to make real estate investments in Turkey. German capital investment company Union Investment Real Estate announced plans to invest 130m euros in a shopping centre in Kayseri, linking up with Multi Turkmall ‐ the Turkish subsidiary of Multi Corporation, the Netherlands‐based shopping developer and operator ‐ for the mixed‐use project. The Bosphorus Estate Fund ‐ a partnership between Merrill Lynch Global Principle Investors and Turkey's Krea Real Estate ‐ has committed $1bn for investment in Turkey's real estate sector over the next three years, with residential real estate, shopping malls and hotel projects on the cards. In keeping with its investment aims, the fund bought the Neo Shopping Mall in Eskisehir for approximately $94m this year. The founder of UK‐based homebuilding company Redrow, Steve Morgan, announced plans for $1.5bn worth of development in Turkey. Morgan and UK‐based international real estate investments group Salamanca are providing financing for local developer Yesil Insaat for the construction of a mixed‐use urban development in Istanbul with 12,000 homes and 500,000 sq feet for offices and shops. One of the biggest deals was the complete acquisition of Istanbul's Cevahir shopping mall by UK‐based St Martins Property Group back in March 2007. In November 2006 St Martins acquired a 50% stake of the mall from Istanbul's Metropolitan Municipality for $421m, following which it acquired the remaining stake from Cevahir Holding, a construction heavyweight in Turkey.

PROJECT FINANCE COMPANIES IN TURKEY

Aareal Bank AG ‐ Istanbul Representative Office Ebulula Mardin Caddesi, Maya Meridyen Is Merkezi D:2 Blok, Kat 11 Akatlar / Istanbul / Turkey Tel: +90 212 349 02 00 Fax: +90 212 349 02 99 www.aareal‐bank.com EUROHYPO AG ‐ Istanbul Representative Office Kanyon Ofis Blogu Kat:3 Buyukdere Caddesi No:185 34394 Levent‐Istanbul / TURKEY Tel: +90 212 317 22 00 Fax: +90 212 317 22 10 www.eurohypo.com CONSULTING SERVICE COMPANIES IN TURKEY At present, various foreign origin real estate companies including Jones Lang LaSalle, Colliers Resco, CB Richard Ellis, DTZ provide both consulting and brokerage services in Turkey, like their local counterparts Kuzeybati, NAI Pega, Turel & Turel. The extent of their consulting services include market research, feasibility and investment analysis, property valuation, real estate development consulting and real estate portfolio management. CONSTRUCTION COMPANIES Finally construction companies are the other players of the sector. They can sign contracts as contractors or sub‐contractors, realize new development projects, construct companionships with other developers or construct cooperative institutions. In addition to innumerable small construction companies, there are dozens of larger firms capable of undertaking major contracts and/or specialist work. Some large and well‐known construction companies are included in partnership structures with banks establishing REIC. Some large construction companies are listed below: Acarlar, Agaoglu, Akfen, Alarko, Dogus, Eczacibasi, Enka, Eston, Gama, Guris, IC Ictas,Is Koray, KKG, Limak, Maya, Mesa, Nurol, Oyak, Sinpaş, Soyak, Tepe, Tekfen, Yuksel, etc. Please contact with “the Association of Real Estate Investment Companies – GYODER” for additional company information ‐ www.gyoder.org.tr/en/

CONSTRUCTION COMPANIES

AGE CONSTRUCTION AND TRADING INC.

AGE CONSTRUCTION AND TRADING INC.

Tahran Caddesi 19

Company Name and Address

Kavaklıdere, 06700, Ankara Chairman of the Board Atilla ÖNEN Phone (312) 468 82 40 Fax (312) 468 82 49 E‐mail [email protected] Web Site www.age.com.tr

AHMET AYDENIZ CONSTRUCTION CO. INC.

AHMET AYDENIZ CONSTRUCTION CO. INC.

Ayten Sokak No:9


Tandoğan, 06580, Ankara Chairman of the Board Ahmet AYDENİZ Phone (312) 212 66 12 Fax (312) 212 66 11 E‐mail [email protected] Web Site www.aydeniz.com

AKFEN CONSTRUCTION TOURISM AND TRADE CO. INC.

AKFEN CONSTRUCTION TOURISM AND TRADE CO. INC.

Koza Sokak 22


Gaziosmanpaşa, 06700, Ankara Chairman of the Board Hamdi AKIN Phone (312) 441 42 11 Fax (312) 441 07 82 E‐mail [email protected] Web Site www.akfen.com.tr

AKTURK CONSTRUCTION INDUSTRY AND TRADE CO. INC.

AKTURK CONSTRUCTION INDUSTRY AND TRADE CO. INC.

Akdeniz Caddesi 19


Anıttepe, 06580, Ankara Chairman of the Board Öner AKTÜRK Phone (312) 232 29 16 Fax (312) 222 60 95 E‐mail [email protected] Web Site www.akturk.com.tr

ALARKO CONTRACTING GROUP

ALARKO CONTRACTING GROUP

Muallim Naci Caddesi 69


Ortaköy, 80840, İstanbul Chairman of the Board İshak ALATON Phone (212) 227 52 00 Fax (212) 227 04 27 E‐mail [email protected] Web Site www.alarko.com.tr

ALPTEKIN CONSTRUCTION CONTRACTING TOURISM INDUSTRY AND TRADE CO. LTD. ALPTEKIN CONSTRUCTION CONTRACTING TOURISM INDUSTRY AND TRADE CO. LTD.

Simon Bolivar Caddesi 10


Çankaya, 06550, Ankara Chairman of the Board Mehmet ALPTEKİN

(312) 442 65 72 Phone

(312) 442 56 32 Fax (312) 442 50 07 E‐mail [email protected] Web Site www.alptekininsaat.com

ARAS CONSTRUCTION INDUSTRY AND COMMERCE CO. INC.

ARAS CONSTRUCTION INDUSTRY AND COMMERCE CO. INC.

Mahatma Gandi Caddesi 37/5


G.O.P. 06700, Ankara Chairman of the Board Metiner OKMAN Phone (312) 447 38 36 Fax (312) 436 38 21 E‐mail [email protected] Web Site www.arasconstruction.com

ARSAN CONSTRUCTION CO. INC.

ARSAN CONSTRUCTION CO. INC.

Dragos ‐ Piri Reis Caddesi 3,


34844, Maltepe, İstanbul, Türkiye Chairman of the Board Mehmet İrfan CENGİZ Phone (216) 305 50 48 (pbx) Fax (216) 371 98 08 E‐mail [email protected] Web Site www.arsaninsaat.com.tr

AS‐KA CONSTRUCTION CO. INC.

AS‐KA CONSTRUCTION CO. INC.

Süslü Sokak 18, Mebusevleri


Tandoğan, 06580, Ankara Chairman of the Board Metin KAYA Phone (312) 212 67 78 Fax (312) 212 67 77 E‐mail [email protected] Web Site www.askainsaat.com

ASTUR CONSTRUCTION AND COMMERCE CO. INC.

ASTUR CONSTRUCTION AND COMMERCE CO. INC.

Armada İş Merkezi, 6/A Blok, Kat 9, No 11


Eskişehir Yolu, Söğütözü, 06520, Ankara Chairman of the Board Paulo ASTALDI Phone (312) 219 21 00 Fax (312) 219 21 08 E‐mail [email protected] Web Site www.astaldi.com

ATAC CONSTRUCTION AND INDUSTRY CO. INC.

ATAC CONSTRUCTION AND INDUSTRY CO. INC.

Cinnah Caddesi, Ahenk Sokak 5


Çankaya, 06690, Ankara Chairman of the Board Halil ATAMAN Phone (312) 440 20 63 Fax (312) 440 18 33 E‐mail [email protected] Web Site www.atac.com.tr

ATTILA DOGAN CONSTRUCTION AND INSTALLATION CO. INC.

ATTILA DOGAN CONSTRUCTION AND INSTALLATION CO. INC.

Abdullah Cevdet Sokak 13


Çankaya, 06680, Ankara Chairman of the Board Attila DOĞAN Phone (312) 440 97 00 Fax (312) 438 76 67 E‐mail [email protected] Web Site www.attiladogan.com

AYDINER CONSTRUCTION CO. INC.

AYDINER CONSTRUCTION CO. INC.

Yeni Foça Sokak No: 2


06660 G.O.P. ‐ Ankara Chairman of the Board Mehmet AYDINER Phone (312) 446 35 00 Fax (312) 446 35 15 E‐mail [email protected] Web Site www.aydiner.com.tr

BAYTUR CONSTRUCTION AND CONTRACTING CO.

BAYTUR CONSTRUCTION AND CONTRACTING CO.

19 Mayıs Caddesi 34


Şişli, 34360, İstanbul Chairman of the Board Sezer BİRGİLİ Phone (212) 212 85 05 Fax (212) 212 68 17 E‐mail [email protected] Web Site www.baytur.com

BE‐HA‐SE CONSTRUCTION TRADE AND INDUSTRY CO. LTD.

BE‐HA‐SE CONSTRUCTION TRADE AND INDUSTRY CO. LTD.

Ayten Sokak 8


Tandoğan, 06580, Ankara Chairman of the Board Durmuş ÇELİK Phone (312) 212 54 54 Fax (312) 213 56 57 E‐mail [email protected] Web Site www.behase.com

BOROVA CONSTRUCTION INDUSTRY CO. INC.

BOROVA CONSTRUCTION INDUSTRY CO. INC.

Çavuşbaşı Caddesi 33


Kavacık, 81640, İstanbul Chairman of the Board Tayfun UZUNOVA Phone (216) 425 05 00 Fax (216) 425 04 97 E‐mail [email protected] Web Site www.borova.com

BURC CONTRACTING ENGINEERING AND TRADE CO. INC.

BURC CONTRACTING ENGINEERING AND TRADE CO. INC.

1. Organize Sanayi Bölgesi, Büyüktimur Caddesi 5


Sincan, 06930, Ankara Chairman of the Board Sefa GÖMDENİZ Phone (312) 267 08 68 Fax (312) 267 08 53 E‐mail [email protected] Web Site www.burc.com.tr

CALIK ENERGY INDUSTRY AND TRADE CO. INC.

CALIK ENERGY INDUSTRY AND TRADE CO. INC.

Yaşam Caddesi 7/17, Akplaza


Söğütözü, 06510, Ankara Chairman of the Board Ahmet ÇALIK Phone (312) 207 71 00 Fax (312) 207 71 71 E‐mail [email protected] Web Site www.calikenerji.com

CALLIOGLU CONSTRUCTION INDUSTRY AND TRADE CO. INC.

CALLIOGLU CONSTRUCTION INDUSTRY AND TRADE CO. INC.

Vatan Bulvarı, Çallıoğlu İş Merkezi 2


P.K. 25, Antalya Chairman of the Board İbrahim ŞENCAN Phone (242) 345 28 58 Fax (242) 345 75 18 E‐mail [email protected] Web Site www.callioglu.com.tr

CCG CONSTRUCTION INDUSTRY INVESTMENT AND TOURISM CO. INC. CCG CONSTRUCTION INDUSTRY INVESTMENT AND TOURISM CO. INC.

Reşit Galip Caddesi 83


Gaziosmanpaşa, 06700, Ankara Chairman of the Board Zülküf CEYLAN Phone (312) 459 99 00 Fax (312) 447 65 74 E‐mail [email protected] Web Site www.ccg.com.tr

CELIKLER CONTRACTING CONSTRUCTION AND INDUSTRY CO. INC. CELIKLER CONTRACTING CONSTRUCTION AND INDUSTRY CO. INC.

Nenehatun Caddesi 104


Gaziosmanpaşa ‐ ANKARA 06700 Chairman of the Board Osman ÇELİK Phone (312) 446 10 20

(312) 446 57 00 Fax

446 14 00 E‐mail [email protected] Web Site www.celiklerinsaat.com.tr

CEMIL OZGUR ‐ OZGUR TRADE AND INDUSTRY ENTERPRISE

CEMIL OZGUR ‐ OZGUR TRADE AND INDUSTRY ENTERPRISE

Ahlatlıbel Mahallesi İncek Yolu 1


Çankaya, 06450, Ankara Chairman of the Board Cemil ÖZGÜR Phone (312) 489 80 30 (pbx)

(312) 489 80 35 Fax

(312) 489 80 36 E‐mail [email protected] Web Site www.cemilozgur.com.tr

CENGIZ CONSTRUCTION INDUSTRY AND TRADE CO. INC.

CENGIZ CONSTRUCTION INDUSTRY AND TRADE CO. INC.

Mahir İz Caddesi, No:52, Altunizade


Üsküdar, 34662, İstanbul, Türkiye Chairman of the Board Mehmet CENGİZ Phone (216) 474 71 60 Fax (216) 474 97 30 E‐mail [email protected] Web Site www.cengiz.com.tr

CESAS CONSTRUCTION TRADE AND INDUSTRY CO. INC.

CESAS CONSTRUCTION TRADE AND INDUSTRY CO. INC.

Sancak Mahallesi, 203. Sokak 3


Yıldız, 06550, Ankara Chairman of the Board Celal SEVER Phone (312) 441 84 80 Fax (312) 440 27 37 E‐mail [email protected] Web Site www.cesas.com.tr

CUKUROVA CONSTRUCTION INDUSTRY AND TRADE INC.

CUKUROVA CONSTRUCTION INDUSTRY AND TRADE INC.

Bağdat Caddesi, Büyükhanlı Plaza 111, A/6


Feneryolu, 34724, İstanbul Chairman of the Board Muhterem VARDAN Phone (216) 450 11 11 Fax (216) 336 04 09 E‐mail [email protected] Web Site www.cukurova.net

DAG YAPI CONSTRUCTION TOURISM TEXTILE INDUSTRY AND TRADE LIMITED COMPANY DAG YAPI CONSTRUCTION TOURISM TEXTILE INDUSTRY AND TRADE LIMITED COMPANY

Adnan Menderes Bulvarı 2/3


33110, Mersin Chairman of the Board Mehmet DAĞLI Phone (324) 361 00 50 Fax (324) 361 06 20 E‐mail [email protected] Web Site www.dagligrubu.com

DOGA CONTRACTING CONSTRUCTION TOURISM TRADE CO. INC. DOGA CONTRACTING CONSTRUCTION TOURISM TRADE CO. INC.

Bağdat Caddesi 361


Ostim, 06370, Ankara Chairman of the Board Hasan DOĞULU Phone (312) 385 28 80 Fax (312) 354 34 77 E‐mail [email protected] Web Site www.doguluholding.com

DOGUS HOLDING CONSTRUCTION GROUP COMPANIES

DOGUS HOLDING CONSTRUCTION GROUP COMPANIES

Rüzgarlıbahçe Mahallesi, Cumhuriyet Caddesi 4, A Blok


Kavacık, 81640, İstanbul Chairman of the Board Gönül TALU Phone (216) 538 15 00 Fax (216) 331 29 29 E‐mail [email protected] Web Site www.dogusinsaat.com.tr

DORCE PREFABRICATED BUILDING AND CONSTRUCTION INDUSTRY TRADE INC. DORCE PREFABRICATED BUILDING AND CONSTRUCTION INDUSTRY TRADE INC.

70. Sokak, 7. Cadde 6


06460, Öveçler, Ankara Chairman of the Board İbrahim Deniz COŞKUNSU Phone (312) 472 82 10 (pbx) Fax (312) 472 82 18‐19 E‐mail [email protected] Web Site www.dorce.com.tr

DOST CONSTRUCTION AND PROJECT MANAGEMENT CO. INC.

DOST CONSTRUCTION AND PROJECT MANAGEMENT CO. INC.

İnşirah Sokak, 40, Bebek


Beşiktaş, 34342, İstanbul Chairman of the Board Ali SELÇUK Phone (212) 358 58 62 Fax (212) 358 58 11 E‐mail [email protected] Web Site www.dostinsaat.com

ECETUR GROUP OF COMPANIES

ECETUR GROUP OF COMPANIES

Nenehatun Caddesi 32


Gaziosmanpaşa, 06700, Ankara Chairman of the Board İbrahim TAŞBAŞI Phone (312) 446 59 99 Fax (312) 446 06 27 E‐mail [email protected] Web Site www.eceturinsaat.com.tr

EKINCILER AND PARTNERS CONSTRUCTION AND TRADE INC.

EKINCILER AND PARTNERS CONSTRUCTION AND TRADE INC.

Ekinciler Caddesi 1


Kavacık, Beykoz, 34810, İstanbul Chairman of the Board Yasin Kadri EKİNCİ Phone (216) 413 97 00 Fax (216) 413 97 16 E‐mail [email protected] Web Site www.ekincilerinsaat.com

EKO CONSTRUCTION AND TRADE CO. LTD.

EKO CONSTRUCTION AND TRADE CO. LTD.

Turan Güneş Bulvarı 84


Yıldız, 06550, Ankara Chairman of the Board Cahit KÖKSAL Phone (312) 409 96 00 Fax (312) 409 96 10 E‐mail [email protected] Web Site www.ekoinsaat.com.tr

EKON INDUSTRY CONSTRUCTION AND COMMERCE CO. INC.

EKON INDUSTRY CONSTRUCTION AND COMMERCE CO. INC.

Ziyabey Caddesi 37/3‐4, Balgat


06520, Çankaya, Ankara Chairman of the Board Hasan ÖZDEMİR Phone (312) 815 43 40 Fax (312) 815 40 86 E‐mail [email protected] Web Site www.ekonas.com.tr

EKSEN PROJECT CONSTRUCTION TOURISM AND TRADE CO. INC.

EKSEN PROJECT CONSTRUCTION TOURISM AND TRADE CO. INC.

4. Cadde, 75. Sokak 4/2


Öveçler, 06460, Ankara Chairman of the Board Ahmet Tuncer ERTAN Phone (312) 472 81 40 Fax (312) 472 81 43 E‐mail [email protected] Web Site www.ekseninsaat.com.tr

EMSAS CONSTRUCTION TOURISM TRADE AND INDUSTRY CO. INC. EMSAS CONSTRUCTION TOURISM TRADE AND INDUSTRY CO. INC.

Cumhuriyet Caddesi 160, Sahilyolu İdealtepe


Maltepe, 81580, İstanbul Chairman of the Board Ali Rıza ARSLAN Phone (216) 417 00 82 Fax (216) 388 12 98 E‐mail [email protected] Web Site www.emsas.com.tr

EMT ERIMTAN CONSULTING CONTRACTING TRADE CO. INC.

EMT ERIMTAN CONSULTING CONTRACTING TRADE CO. INC.

Cinnah Caddesi 102/3‐7


Çankaya, 06550, Ankara Chairman of the Board Yüksel ERİMTAN Phone (312) 441 29 52 Fax (312) 441 29 55 E‐mail emt@emt‐erimtan.com Web Site www.emt‐erimtan.com

ENDEM CONSTRUCTION INDUSTRY AND TRADE CO. INC.

ENDEM CONSTRUCTION INDUSTRY AND TRADE CO. INC.

Başak Sokak 2, Daire 10


Gayrettepe, 34349, İstanbul Chairman of the Board O. Naci ENDEM Phone (212) 275 88 33 Fax (212) 275 17 88 E‐mail [email protected] Web Site www.endem.com.tr

ENI ENERGY CONSTRUCTION CONTRACTING TRADE AND INDUSTRY CO. INC. ENI ENERGY CONSTRUCTION CONTRACTING TRADE AND INDUSTRY CO. INC.

Çamlık Sitesi, Sülün Çıkmazı, A11/1 No :128


Bilkent, Ankara Chairman of the Board Kemal Yavuz BATUM Phone (312) 266 69 40 Fax (312) 266 25 68 E‐mail [email protected] Web Site

ENKA CONSTRUCTION AND INDUSTRY CO. INC.

ENKA CONSTRUCTION AND INDUSTRY CO. INC.

Balmumcu, Enka Binaları


Beşiktaş, 34349, İstanbul Chairman of the Board Sinan TARA Phone (212) 376 10 00 Fax (212) 272 88 69 E‐mail [email protected] Web Site www.enka.com

ENTES INDUSTRIAL PLANTS CONSTRUCTION AND ERECTION CONTRACTING CO. INC. ENTES INDUSTRIAL PLANTS CONSTRUCTION AND ERECTION CONTRACTING CO. INC.

Büyükdere Caddesi 107 / 5


Gayrettepe, 34349, Şişli, İstanbul Chairman of the Board Ümran SÜMERKAN Phone (212) 217 81 00 Fax (212) 217 65 60 E‐mail [email protected] Web Site www.entes.com

EPIK CONSTRUCTION TOURISM ENGINEERING TRADE CO. INC.

EPIK CONSTRUCTION TOURISM ENGINEERING TRADE CO. INC.

Mahmut Yesari Sokak 10


06680, Çankaya, Ankara Chairman of the Board Haşim MUTLU Phone (312) 409 92 00 Fax (312) 409 92 98 E‐mail [email protected] Web Site www.epik.com.tr

ER‐VA CONSTRUCTION CONTRACTING INDUSTRY AND TRADE CO. INC. ER‐VA CONSTRUCTION CONTRACTING INDUSTRY AND TRADE CO. INC.

Portakal Çiçeği Sokak, 46/7


Çankaya, 06550, Ankara Chairman of the Board Erol ÖZEL Phone (312) 440 96 01 Fax (312) 440 95 53 E‐mail [email protected] Web Site www.erva.com.tr

EREN CONSTRUCTION TRADE AND INDUSTRY CO. LTD.

EREN CONSTRUCTION TRADE AND INDUSTRY CO. LTD.

Kızkulesi Sokak 12


Gaziosmanpaşa, 06700, Ankara Chairman of the Board Yaşar EREN Phone (312) 447 94 44 Fax (312) 448 16 19 E‐mail [email protected] Web Site www.eren.com

ERG CONSTRUCTION TRADE AND INDUSTRY CO. INC.

ERG CONSTRUCTION TRADE AND INDUSTRY CO. INC.

Çankaya Caddesi 26


Çankaya, 06551, Ankara Chairman of the Board Vural ERBİLGİN Phone (312) 441 50 00 Fax (312) 440 32 62 E‐mail erg@erg‐insaat.com.tr Web Site www.erg‐insaat.com.tr

ERKEM CONSTRUCTION INDUSTRY AND COMMERCE CO. INC.

ERKEM CONSTRUCTION INDUSTRY AND COMMERCE CO. INC.

Tunus Caddesi 76/5


06680, Kavaklıdere, Ankara Chairman of the Board Erdal YENİGÜN Phone (312) 468 85 00 Fax (312) 467 94 95 E‐mail [email protected] Web Site wwww.erkeminsaat.com.tr

ESER CONSTRUCTION AND TRADE CO. INC.

ESER CONSTRUCTION AND TRADE CO. INC.

Gazeteciler Sitesi, Haberler Sokak 7


34394, Esentepe, Şişli, İstanbul ‐ TURKEY Chairman of the Board Mustafa KALELİOĞLU Phone (212) 274 68 85 (pbx) Fax (212) 275 57 60 E‐mail [email protected] Web Site www.eserconstruction.com.tr

ESTON BUILDING CO. INC.

ESTON BUILDING CO. INC.

İstiklal Caddesi 142, Odakule İş Merkezi Kat 17


Beyoğlu, 34430, İstanbul Chairman of the Board A. Alev ZEYTİNOĞLU Phone (212) 251 51 88 Fax (212) 251 51 85 E‐mail [email protected] Web Site www.eston.com

ETS ESER CONTRACTING & INDUSTRY CO. INC.

ETS ESER CONTRACTING & INDUSTRY CO. INC.

İlkbahar Mahallesi 571. Cadde 607. Sokak 18


06550, Yıldız, Ankara Chairman of the Board İlhan ADİLOĞLU Phone (312) 490 22 44 Fax (312) 492 09 17 E‐mail [email protected] Web Site www.eser.com

FERNAS CONSTRUCTION CO.

FERNAS CONSTRUCTION CO.

Elçi Caddesi 21


Yukarı Ayrancı, 06550, Ankara Chairman of the Board Necat NASIROĞLU Phone (312) 426 62 62 Fax (312) 426 38 38 E‐mail [email protected] Web Site www.fernas.com.tr

GAMA INDUSTRIAL PLANTS MANUFACTURING AND ERECTION CO. INC. GAMA INDUSTRIAL PLANTS MANUFACTURING AND ERECTION CO. INC.

Kırkpınar Sokak 20


Çankaya, 06540, Ankara Chairman of the Board Engin İNANÇ Phone (312) 409 42 00 Fax (312) 409 43 60 E‐mail [email protected] Web Site www.gama.com.tr

GAP CONSTRUCTION INVESTMENT AND FOREIGN TRADE CO. INC. GAP CONSTRUCTION INVESTMENT AND FOREIGN TRADE CO. INC.

Büyükdere Caddesi 163


Zincirlikuyu, 34394, İstanbul Chairman of the Board Ahmet ÇALIK Phone (212) 306 50 00 Fax (212) 306 56 00 E‐mail [email protected] Web Site www.gapinsaat.com

GARANTI KOZA CONSTRUCTION INDUSTRY AND TRADING CO. INC. GARANTI KOZA CONSTRUCTION INDUSTRY AND TRADING CO. INC.

Tekstilkent Koza Plaza Kat 34


34320, Esenler, İstanbul Chairman of the Board Mehmet Şükrü İLKEL Phone (212) 467 22 22

(212) 438 24 09 Fax

(212) 438 24 10 E‐mail [email protected] Web Site www.garantikoza.com.tr

GOCAY CONSTRUCTION CONTRACTING AND TRADE CO. INC.

GOCAY CONSTRUCTION CONTRACTING AND TRADE CO. INC.

Saniye Sokak 6


Gaziosmanpaşa, 06700, Ankara Chairman of the Board Mustafa GÖÇEN Phone (312) 447 67 88 Fax (312) 447 67 99 E‐mail [email protected] Web Site www.gocay.com.tr

GOZDE CONSTRUCTION INDUSTRY AND TRADE CO. LTD.

GOZDE CONSTRUCTION INDUSTRY AND TRADE CO. LTD.

Cinnah Caddesi, Melis Apt. 57‐1/8


06680, Çankaya, Ankara Chairman of the Board Hasan Hüseyin ÖZTÜRK Phone (312) 443 00 33 (pbx) Fax (312) 443 00 36 E‐mail [email protected] Web Site www.haselsan.com.tr

GULSAN CONSTRUCTION INDUSTRY TOURISM TRANSPORTATION AND TRADE CO. INC. GULSAN CONSTRUCTION INDUSTRY TOURISM TRANSPORTATION AND TRADE CO. INC.

Hilal Mahallesi Rabin Dranath Tagore Caddesi 74


06550, Çankaya, Ankara, Turkiye Chairman of the Board Şefik GÜL Phone +90 312 409 63 00 (pbx) Fax +90 312 409 63 63 E‐mail [email protected] Web Site www.gulsancons.com.tr

GUNAY CONSTRUCTION LTD.

GUNAY CONSTRUCTION LTD.

İnönü Caddesi, Ozan Sokak 17/1


Hamdiye Yazgan İş Merkezi, Kozyatağı, 81090, İstanbul Chairman of the Board M.Hikmet GÜNAY Phone (216) 411 12 72 Fax (216) 368 84 47 E‐mail [email protected] Web Site www.gunay.com.tr

GUNGOR ELECTRIC INDUSTRY AND TRADE CO. LTD.

GUNGOR ELECTRIC INDUSTRY AND TRADE CO. LTD.

6. Cadde, 37. Sokak 44/2


Bahçelievler, 06500, Ankara Chairman of the Board Mustafa GÜNGÖR Phone (312) 212 02 22 Fax (312) 222 84 57 E‐mail [email protected] Web Site www.gungorelektrik.com

GUNSAYIL CONSTRUCTION TRADE AND INDUSTRY CO. LTD.

GUNSAYIL CONSTRUCTION TRADE AND INDUSTRY CO. LTD.

Vedat Dalokay Caddesi 109


Gaziosmanpaşa, 06700, Ankara Chairman of the Board İbrahim Murat YILDIZ Phone (312) 447 91 50 Fax (312) 447 91 63 E‐mail [email protected] Web Site www.gunsayil.com.tr

GURIS HOLDING CO. INC.

GURIS HOLDING CO. INC.

Ankara‐Konya Devlet Karayolu 23. Km


P.K. 15, Gölbaşı, 06831, Ankara Chairman of the Board İdris YAMANTÜRK Phone (312) 484 05 70 Fax (312) 484 26 77 E‐mail [email protected] Web Site www.gurisholding.com

HASEMOGLU CONSTRUCTION INDUSTRY CO. LTD.

HASEMOGLU CONSTRUCTION INDUSTRY CO. LTD.

Uğur Mumcu Caddesi 3


Gaziosmanpaşa, 06700, Ankara Chairman of the Board Nazmi HAŞEMOĞLU Phone (312) 446 88 19 Fax (312) 446 36 04 E‐mail [email protected] Web Site www.hasemoglu.com.tr

HAZINEDAROGLU CONSTRUCTION GROUP

HAZINEDAROGLU CONSTRUCTION GROUP

Oya Çıkmazı, Eren Sokak 8


Gayrettepe, 80300, İstanbul Chairman of the Board Turan HAZİNEDAROĞLU Phone (212) 217 66 78 Fax (212) 217 66 63 E‐mail info@hazinedaroglu‐group.com Web Site www.hazinedaroglu‐group.com

IC ICTAS CONSTRUCTION INDUSTRY AND TRADE CO. INC.

IC ICTAS CONSTRUCTION INDUSTRY AND TRADE CO. INC.

Konur Sokak 58


Kızılay, 06640, Ankara Chairman of the Board Fırat ÇEÇEN Phone (312) 419 29 50 Fax (312) 419 86 06 E‐mail [email protected] Web Site www.ictas.com.tr

IHLAS HOLDING CO. INC. CONSTRUCTION GROUP

IHLAS HOLDING CO. INC. CONSTRUCTION GROUP

29 Ekim Caddesi 23


Yenibosna, 34197, İstanbul Chairman of the Board Zeki Celep Phone (212) 454 45 50 Fax (212) 454 45 60 E‐mail [email protected] Web Site www.ihlasyapi.com.tr

ILCI CONSTRUCTION INDUSTRY AND TRADE CO. INC.

ILCI CONSTRUCTION INDUSTRY AND TRADE CO. INC.

Birlik Mahallesi, 2. Cadde, 14. Sokak 11


Gaziosmanpaşa, 06610, Ankara Chairman of the Board Metin İLCİ Phone (312) 312 495 06 06 (pbx) Fax (312) 312 495 06 34 E‐mail [email protected] Web Site www.ilci.com.tr

ILKE CONSTRUCTION AND TRADING CO. INC.

ILKE CONSTRUCTION AND TRADING CO. INC.

Koza Sokak 103/2


Gaziosmanpaşa, 06700, Ankara Chairman of the Board Turan ÖZTOYGAR Phone (312) 437 78 07 Fax (312) 436 95 88 E‐mail [email protected] Web Site

INTES CONSTRUCTION INDUSTRY AND TRADING CO. INC.

INTES CONSTRUCTION INDUSTRY AND TRADING CO. INC.

Büyükdere Caddesi 173, 1. Levent Plaza A Blok Kat : 8


80820, 1. Levent, İstanbul Chairman of the Board Tunç Mehmet ÇAPA Phone (212) 339 19 90 Fax (212) 339 19 67 E‐mail [email protected] Web Site www.intesas.com

ISMAIL CELIK CONSTRUCTION INDUSTRY AND TRADE CO. LTD.

ISMAIL CELIK CONSTRUCTION INDUSTRY AND TRADE CO. LTD.

Şerefli Sokak 13


Tandoğan, 06580, Ankara Chairman of the Board İsmail ÇELİK Phone (312) 215 77 67 Fax (312) 212 07 23 E‐mail [email protected] Web Site www.ismailcelikinsaat.com.tr

K & A CONSTRUCTION AND TRADE CO.INC.

K & A CONSTRUCTION AND TRADE CO.INC.

Organize Sanayi Bölgesi Batı Hun Cad. 1


Sincan, 06935, Ankara Chairman of the Board Ali KANTUR Phone (312) 267 18 80 Fax (312) 267 18 88 E‐mail [email protected] Web Site

KALYON CONSTRUCTION INDUSTRY AND TRADE CO. INC.

KALYON CONSTRUCTION INDUSTRY AND TRADE CO. INC.

Kavacık Mahallesi, Ekinciler Caddesi, Ertürk Sokak 3


34810, Beykoz, İstanbul Chairman of the Board Cemal KALYONCU Phone (216) 680 41 80 Fax (216) 680 41 84 E‐mail [email protected] Web Site www.kalyongrup.com

KAS CONSTRUCTION INSTALLATION AND TRADE CO. INC.

KAS CONSTRUCTION INSTALLATION AND TRADE CO. INC.

Ahmet Rasim Sokak 13/1


Çankaya, 06550, Ankara Chairman of the Board Bülent R. SEVER Phone (312) 441 22 82 Fax (312) 442 56 69 E‐mail [email protected] Web Site www.kasins.com.tr

KAYA CONSTRUCTION IMPORT EXPORT CONTRACTING TOURISM NATURAL GAS COMMERCE CO. LTD. KAYA CONSTRUCTION IMPORT EXPORT CONTRACTING TOURISM NATURAL GAS COMMERCE CO. LTD.

Hoşdere Caddesi, Halit Ziya Sokak 19


Çankaya, 06540, Ankara Chairman of the Board Ali İhsan KAYA Phone (312) 409 97 00 Fax (312) 438 45 44 E‐mail [email protected] Web Site www.kayainsaat.com.tr

KAYI CONTRACTING GROUP

KAYI CONTRACTING GROUP

Yazarlar Sokak 21


34394 Esentepe, İstanbul‐TURKEY Chairman of the Board Orhun KARTAL Phone (212) 370 92 00 Fax (212) 370 92 92 E‐mail [email protected] Web Site www.kayi.com.tr

KISKA CONSTRUCTION CORPORATION

KISKA CONSTRUCTION CORPORATION

Mithatpaşa Caddesi 13


Kızılay, Ankara Chairman of the Board Oğuz GÜRSEL Phone (312) 430 24 00 Fax (312) 431 27 76 E‐mail [email protected] Web Site www.kiska.com.tr

KOCOGLU CONSTRUCTION INDUSTRY AND TRADE INC.

KOCOGLU CONSTRUCTION INDUSTRY AND TRADE INC.

MŞK Grup Merkezi, Abidin Daver Sokak 37


Çankaya, 06550, Ankara Chairman of the Board M. Şükrü KOÇOĞLU Phone (312) 439 19 60 Fax (312) 439 14 68 E‐mail [email protected] Web Site www.kocoglu.com.tr

KOLIN CONSTRUCTION TOURISM INDUSTRY AND TRADE CO. INC. KOLIN CONSTRUCTION TOURISM INDUSTRY AND TRADE CO. INC.

Horasan Sokak 24


Gaziosmanpaşa, 06700, Ankara Chairman of the Board Naci KOLOĞLU Phone (312) 447 17 00 Fax (312) 446 24 80 E‐mail [email protected] Web Site www.kolin.com.tr

KONTEK CONSTRUCTION INDUSTRY AND COMMERCE CO. LTD.

KONTEK CONSTRUCTION INDUSTRY AND COMMERCE CO. LTD.

Çayıryolu Sokak 7, Üçgen Plaza Kat: 10


34752, İçerenköy, Kadıköy, İstanbul Chairman of the Board Haluk NAYMAN Phone (216) 575 69 00 Fax (216) 575 82 70 E‐mail [email protected] Web Site www.kontekinsaat.com.tr

KORAY CONSTRUCTION INDUSTRY AND TRADING CO. INC.

KORAY CONSTRUCTION INDUSTRY AND TRADING CO. INC.

Yapı Kredi Plaza, C Blok, Kat 19‐20


4. Levent, 34330, İstanbul Chairman of the Board Murat KORAY Phone (212) 279 70 82 Fax (212) 268 00 97 E‐mail [email protected] Web Site www.koray.com

KULAK CONSTRUCTION TRADE AND INDUSTRY CO. INC.

KULAK CONSTRUCTION TRADE AND INDUSTRY CO. INC.

Atatürk Caddesi, Lokman Apartmanı, Asma Kat


01120, Adana Chairman of the Board Sıtkı KULAK Phone (322) 459 03 63 Fax (322) 457 32 31 E‐mail [email protected] Web Site www.kulakco.com.tr

KUR CONSTRUCTION INDUSTRY AND TRADE INC.

KUR CONSTRUCTION INDUSTRY AND TRADE INC.

Oğuzlar Mahallesi, 39. Sokak 5


Balgat, 06520, Ankara Chairman of the Board Mustafa Kemal TANKAL Phone (312) 285 22 44 Fax (312) 285 04 06 E‐mail [email protected] Web Site www.kur.com.tr

KUZU GROUP

KUZU GROUP

Murat Mahallesi, Suna Sokak 3


Gaziosmanpaşa, 06700, Ankara Chairman of the Board M. Garip KUZU Phone (312) 446 09 23 Fax (312) 446 03 29 E‐mail [email protected] Web Site www.kuzugrup.com

LIMAK CONSTRUCTION INDUSTRY AND TRADE CO. INC.

LIMAK CONSTRUCTION INDUSTRY AND TRADE CO. INC.

Hafta Sokak 9


Gaziosmanpaşa, 06700, Ankara Chairman of the Board Nihat ÖZDEMİR Phone (312) 446 88 00 Fax (312) 446 88 10 E‐mail [email protected] Web Site www.limak.com.tr

MAKYOL CONSTRUCTION INDUSTRY TOURISM AND TRADING CO. INC. MAKYOL CONSTRUCTION INDUSTRY TOURISM AND TRADING CO. INC.

Tepecik Caddesi, Melodi Sokak, İTÜ Blokları


E Blok, Etiler, 34337, İstanbul Chairman of the Board Saffet ÇEBİ Phone (212) 351 41 51 Fax (212) 351 33 46 E‐mail oturnaoglu@mak‐yol.com.tr Web Site www.mak‐yol.com.tr

MAPA CONSTRUCTION CO. INC.

MAPA CONSTRUCTION CO. INC.



Gaziosmanpaşa, 06700, Ankara Chairman of the Board Mehmet Nazif GÜNAL Phone (312) 436 30 00

(312) 436 64 66 Fax

(312) 436 10 68 E‐mail [email protected] Web Site www.mng.com.tr

MEHMET GUNES CONSTRUCTION TRADING AND INDUSTRY CO. LTD. MEHMET GUNES CONSTRUCTION TRADING AND INDUSTRY CO. LTD.

Cinnah Caddesi, Cinnah Apt. 55/1


Çankaya, 06550, Ankara Chairman of the Board Mehmet GÜNEŞ Phone (312) 441 32 62 Fax (312) 441 33 42 E‐mail [email protected] Web Site www.mehmetgunesins.com

MESA GROUP OF COMPANIES

MESA GROUP OF COMPANIES

Mesa Plaza, Koru Sitesi, Ihlamur Caddesi 2


Çayyolu, 06810, Ankara Chairman of the Board Erhan BOYSANOĞLU Phone (312) 240 59 60 Fax (312) 240 09 99 E‐mail [email protected] Web Site www.mesa.com.tr

METAG CONSTRUCTION TRADE CO. INC.

METAG CONSTRUCTION TRADE CO. INC.

Çetin Emeç Bulvarı, 8. Cadde 19


Öveçler 06460, Ankara Chairman of the Board Çetin ONURAL Phone (312) 472 77 31 Fax (312) 472 77 36 E‐mail metag@metag‐tr.com Web Site www.metag‐tr.com

METIS CONSTRUCTION AND TRADE CO. INC.

METIS CONSTRUCTION AND TRADE CO. INC.

Abidin Daver Sokak 33


Çankaya, 06550, Ankara Chairman of the Board Bedri SEVER Phone (312) 438 11 70 Fax (312) 439 16 13 E‐mail [email protected] Web Site www.metis.com.tr

MNG HOLDING INC.

MNG HOLDING INC.



Gaziosmanpaşa, 06700, Ankara Chairman of the Board Mehmet Nazif GÜNAL Phone (312) 436 30 00 Fax (312) 437 11 01 E‐mail [email protected] Web Site www.mng.com.tr

MON CONSTRUCTION AND TRADE CO. LTD.

MON CONSTRUCTION AND TRADE CO. LTD.

Kennedy Caddesi 57


Kavaklıdere, 06660, Ankara Chairman of the Board Nihat ÖZBAĞI Phone (312) 446 38 90 Fax (312) 446 47 91 E‐mail [email protected] Web Site www.mon.com.tr

MRA CONSTRUCTION CO. INC.

MRA CONSTRUCTION CO. INC.

Zambaklı Sokak 3, Levent


80620, Beşiktaş, İstanbul Chairman of the Board M. Rıza AKKAYA Phone (212) 278 57 74 Fax (212) 278 57 73 E‐mail [email protected] Web Site www.mra.com.tr

NTF CONSTRUCTION CO. LTD.

NTF CONSTRUCTION CO. LTD.

Kızkulesi Sokak 12


Gaziosmanpaşa, 06700, Ankara Chairman of the Board Fırat EREN Phone (312) 447 94 44 Fax (312) 447 94 57 E‐mail [email protected] Web Site www.ntf.com

NUR CONSTRUCTION AND INDUSTRY CO. INC.

NUR CONSTRUCTION AND INDUSTRY CO. INC.

Mahatma Gandhi Caddesi 31


Gaziosmanpaşa, 06700, Ankara Chairman of the Board Ahmet YAVUZ Phone (312) 447 45 75 Fax (312) 447 40 15 E‐mail [email protected] Web Site www.nurinsaat.com.tr

NUROL CONSTRUCTION AND TRADING CO. INC.

NUROL CONSTRUCTION AND TRADING CO. INC.

Buğday Sokak 9


Kavaklıdere, 06700, Ankara Chairman of the Board Nurettin ÇARMIKLI Phone (312) 455 15 00 Fax (312) 455 15 63 E‐mail [email protected] Web Site www.nurol.com.tr

OKAN CONSTRUCTION INDUSTRY AND TRADING CO. INC.

OKAN CONSTRUCTION INDUSTRY AND TRADING CO. INC.

Okan Plaza, Ankara Asfaltı, Emek Sitesi 7


Acıbadem, 81020, İstanbul Chairman of the Board Ömer OKAN Phone (216) 325 20 21 Fax (216) 339 62 06 E‐mail [email protected] Web Site www.okan.com.tr

ONUR CONTRACTING TRANSPORTING AND TRADING CO. LTD.

ONUR CONTRACTING TRANSPORTING AND TRADING CO. LTD.

Turan Güneş Bulvarı, 571. Cadde, 612. Sokak 12


Çankaya, 06550, Ankara Chairman of the Board Onur ÇETİNCEVİZ

(312) 491 96 96 Phone

(312) 586 93 00

(312) 491 88 77 Fax

(312) 586 93 10 E‐mail [email protected] Web Site www.onurcetin.com.tr

OYAK CONSTRUCTION CO. INC.

OYAK CONSTRUCTION CO. INC.

105 Evler, Halk Sokak 1


Kozyatağı, 34734, İstanbul Chairman of the Board Celalettin ÇAĞLAR Phone (216) 359 53 01 Fax (216) 359 53 11 E‐mail [email protected] Web Site www.oyakinsaat.com.tr

OZ‐GU CONSTRUCTION AND TRADE CO. INC.

OZ‐GU CONSTRUCTION AND TRADE CO. INC.

Ziyapaşa Bulvarı, Özgü Apt. 10/3


01130, Adana Chairman of the Board Mehmet Ali GÜLEÇ Phone (322) 453 11 41 Fax (322) 454 67 14 E‐mail asgulec@oz‐gu.com.tr Web Site www.oz‐gu.com.tr

OZALTIN HOLDING

OZALTIN HOLDING

Arjantin Caddesi 9


Gaziosmanpaşa, 06700, Ankara Chairman of the Board Nuri ÖZALTIN Phone (312) 466 40 20 Fax (312) 427 06 04 E‐mail [email protected] Web Site www.ozaltin.com.tr

OZCAN YAPI URETIM INDUSTRY AND TRADE CO. INC.

OZCAN YAPI URETIM INDUSTRY AND TRADE CO. INC.

Acıbadem Caddesi, Tibaş İbrahimağa Konutları


C.1/B Blok, Kadıköy, 81010, İstanbul Chairman of the Board Ali ÖZCAN Phone (216) 327 54 10 Fax (216) 327 58 16 E‐mail [email protected] Web Site www.ozcangroup.com.tr

OZDEMIR CONSTRUCTION TOURISM ENERGY INDUSTRY AND TRADE CO. INC. OZDEMIR CONSTRUCTION TOURISM ENERGY INDUSTRY AND TRADE CO. INC.

Tunus Caddesi, Bülten Sokak 13


Kavaklıdere, 06680, Ankara Chairman of the Board Deha EMRAL Phone (312) 467 01 90 Fax (312) 427 29 73 E‐mail [email protected] Web Site www.ozdemiras.com.tr

OZER CONSTRUCTION CONTRACTING AND TRADE CO. INC.

OZER CONSTRUCTION CONTRACTING AND TRADE CO. INC.

1. Ulus Mahallesi, Öztopuz Caddesi 26


Ortaköy, 34347, İstanbul Chairman of the Board İsmail ÖZER Phone (212) 257 80 70 Fax (212) 287 28 21 E‐mail [email protected] Web Site www.ozerconstruction.com

OZGUN CONSTRUCTION CONTRACTING INDUSTRY AND COMMERCE CO. LTD. OZGUN CONSTRUCTION CONTRACTING INDUSTRY AND COMMERCE CO. LTD.

Enderunlu İsmail Hakkı Bey Sokak 6


Balmumcu, Beşiktaş, 34349, İstanbul Chairman of the Board Cahit KARAKULLUKÇU Phone (212) 275 37 37 Fax (212) 267 35 15 E‐mail ozgun@ozgun‐ins.com Web Site www.ozgun‐ins.com

OZISIK CONSTRUCTION AND ENERGY CO. INC.

OZISIK CONSTRUCTION AND ENERGY CO. INC.

Gençlik Caddesi 9


Tandoğan, 06570, Ankara Chairman of the Board Rıza IŞIK Phone (312) 231 71 10 Fax (312) 231 71 19 E‐mail [email protected] Web Site www.isiklar.com.tr

OZKAR CONSTRUCTION INDUSTRY AND TRADE CO. INC.

OZKAR CONSTRUCTION INDUSTRY AND TRADE CO. INC.

Çetin Emeç Bulvarı, 8.Cadde, 74 Sokak 18


A. Öveçler, 06580, Ankara Chairman of the Board Binali ÖZDOĞAN, Zeynel ÖZDOĞAN Phone (312) 472 75 20 Fax (312) 472 75 39 E‐mail [email protected] Web Site www.ozkarinsaat.com.tr

OZTAS CONSTRUCTION CONSTRUCTION MATERIALS TRADE CO. INC. OZTAS CONSTRUCTION CONSTRUCTION MATERIALS TRADE CO. INC.

Mebusevleri, İller Sokak 10


Tandoğan, 06580, Ankara Chairman of the Board Fethi Vehbi ÖZKOÇ Phone (312) 212 61 68 Fax (312) 213 91 23 E‐mail [email protected] Web Site www.oztas.com.tr

PALET CONSTRUCTION AND TRADING CO. INC.

PALET CONSTRUCTION AND TRADING CO. INC.

Ahmet Mithat Efendi Sokak 30


Çankaya, 06550, Ankara Chairman of the Board Alim Melih KURA Phone (312) 409 98 00 Fax (312) 442 67 56 E‐mail [email protected] Web Site www.paletinsaat.com

PEKER CONSTRUCTION TRADE AND INDUSTRY INC.

PEKER CONSTRUCTION TRADE AND INDUSTRY INC.

Uğur Mumcu Caddesi, Uğur Mumcu\'nun Sokağı 6


Gaziosmanpaşa, 06700, Ankara Chairman of the Board Erhan PEKER Phone (312) 436 10 36 (pbx) Fax (312) 436 10 41 E‐mail [email protected] Web Site www.pekerinsaat.com

PEKERLER CONSTRUCTION AND TRADE UNLIMITED CO.

PEKERLER CONSTRUCTION AND TRADE UNLIMITED CO.

İlkbahar Mahallesi, 249. Sokak, Burak Apt. 44/4


Çankaya, 06550, Ankara Chairman of the Board Maşallah PEKER Phone (312) 491 38 38 Fax (312) 491 47 47 E‐mail [email protected] Web Site www.pekerlerinsaat.com

POLAT ROAD CONSTRUCTION INDUSTRY AND TRADE CO. INC.

POLAT ROAD CONSTRUCTION INDUSTRY AND TRADE CO. INC.

İkbaliye Mahallesi, Uzunçayır Yolu Caddesi 6


Hasanpaşa, Kadıköy, 81020, İstanbul Chairman of the Board İbrahim POLAT Phone (216) 325 06 86 Fax (216) 326 08 69 E‐mail polat@polat‐yol.com Web Site www.polat‐yol.com

POLIMEKS CONSTRUCTION CO. INC.

POLIMEKS CONSTRUCTION CO. INC.

Asker Ocağı Caddesi 15, Süzer Plaza


Elmadağ, 34367, Şişli, İstanbul Chairman of the Board Erol TABANCA Phone (212) 249 37 37 Fax (212) 293 45 50 E‐mail [email protected] Web Site www.polimeksinsaat.com

RENAISSANCE GROUP ‐ DESNA CONSTRUCTION AND FOREIGN TRADE CO. LTD. RENAISSANCE GROUP ‐ DESNA CONSTRUCTION AND FOREIGN TRADE CO. LTD.

Refik Belendir Sokak, 110/3


Yukarı Ayrancı, 06550, Ankara Chairman of the Board Ayşe ILICAK Phone (312) 441 31 41 Fax (312) 442 59 48 E‐mail [email protected] Web Site www.recons.ru

SEREFOGLU CONSTRUCTION INDUSTRY AND TRADING CO. LTD.

SEREFOGLU CONSTRUCTION INDUSTRY AND TRADING CO. LTD.

İncesu Caddesi 12


Kolej, 06670, Ankara Chairman of the Board Selehattin ŞEREFOĞLU Phone (312) 434 11 30 Fax (312) 434 11 39 E‐mail [email protected] Web Site www.serefogluinsaat.com

SISTEM YAPI CONSTRUCTION AND TRADE CO. INC.

SISTEM YAPI CONSTRUCTION AND TRADE CO. INC.

Cumhuriyet Caddesi, Rüzgarlıbahçe, Kavacık Kavşağı


Sismer Plaza Kat 6‐7, Kavacık, Beykoz, 34805, İstanbul Chairman of the Board Uğur DİNÇER Phone (216) 413 88 00 Fax (216) 413 77 75 E‐mail [email protected] Web Site www.sistemyapi.com.tr

SOYAK HOLDING CONSTRUCTION GROUP OF COMPANIES

SOYAK HOLDING CONSTRUCTION GROUP OF COMPANIES

Büyükdere Caddesi 38


Mecidiyeköy, 34387, İstanbul Chairman of the Board Erkut SOYAK Phone (212) 315 51 00 Fax (212) 211 57 61 E‐mail [email protected] Web Site www.soyak.com.tr

STFA CONSTRUCTION GROUP

STFA CONSTRUCTION GROUP

STFA İş Merkezi, Yeşil Vadi Sokak 1


Bostancı, 34744, İstanbul Chairman of the Board Sezai Emin TAŞKENT Phone (216) 578 96 50 Fax (216) 578 96 51 E‐mail [email protected] Web Site www.stfa.com.tr

SUMMA TOURISM INVESTMENTS CO. INC.

SUMMA TOURISM INVESTMENTS CO. INC.

27 Aralık Sokak 3


Çankaya, 06680, Ankara Chairman of the Board Selim BORA Phone (312) 441 37 47 Fax (312) 441 51 81 E‐mail [email protected] Web Site www.summa.com.tr

SUTA CONSTRUCTION AND ENGINEERING CO. LTD.

SUTA CONSTRUCTION AND ENGINEERING CO. LTD.

Cinnah Caddesi 40/8‐13


Çankaya, 06690, Ankara Chairman of the Board Cengizhan YÜCEEL Phone (312) 442 07 17 Fax (312) 439 12 43 E‐mail [email protected] Web Site www.suta.com.tr

TASELI CONSTRUCTION TRADE AND INDUSTRY CO. LTD.

TASELI CONSTRUCTION TRADE AND INDUSTRY CO. LTD.

Yıldızevler Mahallesi, 4. Cadde, 83. Sokak 12


Çankaya, 06550, Ankara Chairman of the Board Ali Rıza EVCİ Phone (312) 442 84 25 Fax (312) 442 84 35 E‐mail [email protected] Web Site www.taseli.com

TAŞYAPI CONSTRUCTION CONTRACTING INDUSTRY AND TRADING CO. INC. TAŞYAPI CONSTRUCTION CONTRACTING INDUSTRY AND TRADING CO. INC.

Kısıklı Caddesi 106, Altunizade


Üsküdar, 34662, İstanbul Chairman of the Board Emrullah TURANLI Phone (216) 339 65 70 Fax (216) 339 04 70 E‐mail [email protected] Web Site www.tasyapi.com

TAV TEPE AKFEN INVESTMENT CONSTRUCTION AND OPERATION CO. INC. TAV TEPE AKFEN INVESTMENT CONSTRUCTION AND OPERATION CO. INC.

Atatürk Hava Limanı Dış Hatlar Terminali


Yeşilköy, 34149, İstanbul Chairman of the Board Ali Haydar KURTDARCAN Phone (212) 465 55 55 Fax (212) 465 36 78 E‐mail [email protected] Web Site www.tavconstruction.com

TEFIROM CONSTRUCTION ENERGY INDUSTRY AND COMMERCE CO. INC. TEFIROM CONSTRUCTION ENERGY INDUSTRY AND COMMERCE CO. INC.

Nenehatun Caddesi 91/1


Gaziosmanpaşa, 06700, Ankara Chairman of the Board Tevfik ÖZ Phone (312) 446 52 42 Fax (312) 446 50 79 E‐mail [email protected] Web Site www.tefirom.com.tr

TEKFEN CONSTRUCTION AND INSTALLATION CO. INC.

TEKFEN CONSTRUCTION AND INSTALLATION CO. INC.

Ulus Kültür Mahallesi, Tekfen Sitesi


Aydınlık Sokak B‐3, Beşiktaş, 34340, İstanbul Chairman of the Board Nihat GÖKYİĞİT Phone (212) 3593500 Fax (212) 2634142 E‐mail [email protected] Web Site www.tekfen.com.tr

TEKNIK YAPI TECHNICAL CONSTRUCTIONS INDUSTRY AND TRADE CO. INC. TEKNIK YAPI TECHNICAL CONSTRUCTIONS INDUSTRY AND TRADE CO. INC.

Bağdat Caddesi, Hasan Ali Yücel Sokak 26


Çiftehavuzlar, 34728, İstanbul Chairman of the Board A. Nazmi DURBAKAYIM Phone (216) 386 15 55 Fax (216) 386 19 10 E‐mail [email protected] Web Site www.teknikyapi.com

TEKNOTES ENGINEERING CONSTRUCTION CONTRACTING TRADE AND INDUSTRY CO. INC. TEKNOTES ENGINEERING CONSTRUCTION CONTRACTING TRADE AND INDUSTRY CO. INC.

Turan Güneş Bulvarı 61


Çankaya, 06450, Ankara Chairman of the Board Oral BAYTOK Phone (312) 463 60 00 Fax (312) 491 80 76 E‐mail [email protected] Web Site www.teknotes.net

TEPE CONSTRUCTION INDUSTRY CO. INC.

TEPE CONSTRUCTION INDUSTRY CO. INC.

Beytepe Köyü Yolu 5


Bilkent, 06530, Ankara Chairman of the Board Ali H. KURTDARCAN Phone (312) 266 58 00 Fax (312) 266 78 38 E‐mail [email protected] Web Site www.tepeinsaat.com.tr

TISAN CONSTRUCTION AND INDUSTRY CO. INC.

TISAN CONSTRUCTION AND INDUSTRY CO. INC.

Filistin Sokak 49


Gaziosmanpaşa, 06700, Ankara Chairman of the Board Ahmet ÇELİK Phone (312) 446 51 37 Fax (312) 446 39 70 E‐mail [email protected] Web Site

TML CONSTRUCTION CO. INC.

TML CONSTRUCTION CO. INC.

Çavuşbaşı Caddesi 33


Kavacık, 34810, İstanbul Chairman of the Board Eser TÜMEN Phone (216) 413 33 39 Fax (216) 413 13 22 E‐mail [email protected] Web Site www.tml.com.tr

TURAN HAZINEDAROGLU CONSTRUCTION TRADE CO. INC.

TURAN HAZINEDAROGLU CONSTRUCTION TRADE CO. INC.

Oya Çıkmazı, Eren Sokak 8


Gayrettepe, 34349, İstanbul Chairman of the Board Turan HAZİNEDAROĞLU Phone (212) 217 44 05 Fax (212) 211 88 53 E‐mail info@hazinedaroglu‐group.com Web Site www.hazinedaroglu‐group.com

TURKERLER CONSTRUCTION TOURISM MINING ENERGY PRODUCTION INDUSTRY AND TRADE CO. INC. TURKERLER CONSTRUCTION TOURISM MINING ENERGY PRODUCTION INDUSTRY AND TRADE CO. INC.

Turan Güneş Bulvarı 15. Cadde No:11


Çankaya, 06550, Ankara Chairman of the Board Kazım TÜRKER Phone (312) 492 03 06 Fax (312) 490 94 51 E‐mail [email protected] Web Site www.turkerler.com

UCGEN CONSTRUCTION AND TRADE CO. INC.

UCGEN CONSTRUCTION AND TRADE CO. INC.

Fahrettin Kerim Gökay Caddesi, Aydın Sokak 2


Altunizade, 34662, İstanbul Chairman of the Board İ. Haluk KAYA Phone (216) 327 13 50 (5 Hat) Fax (216) 327 13 55 E‐mail [email protected] Web Site www.ucgengroup.com.tr

UNAL CONSTRUCTION AND TRADE INC. CO.

UNAL CONSTRUCTION AND TRADE INC. CO.

Ceyhun Atıf Kansu Caddesi 61. Sokak 5


Balgat, 06520, Ankara Chairman of the Board Necati ÜNAL Phone (312) 284 90 00

(312) 284 92 92 Fax

(312) 284 92 93 E‐mail ozer@unal‐group.com Web Site www.unal‐group.com

URANSAN FOREIGN TRADE CONTRACTING AND INVESTMENT CO. INC. URANSAN FOREIGN TRADE CONTRACTING AND INVESTMENT CO. INC.

Altunizade, Mahir İz Caddesi 56,


Üsküdar, 34622, İstanbul Chairman of the Board Nermin URAN Phone (216) 474 97 97

(216) 474 97 63 Fax

(216) 474 98 11 E‐mail [email protected] Web Site www.uranholding.com

URBAN CONSTRUCTION INDUSTRY AND TRADING CO. INC.

URBAN CONSTRUCTION INDUSTRY AND TRADING CO. INC.

Rumi Mehmet Paşa Mah. Şemsi Paşa Cad. 35


Üsküdar, 34672, İstanbul Chairman of the Board Ali İhsan AKISKALIOĞLU Phone (216) 310 43 43 (pbx) Fax (216) 391 98 98 E‐mail [email protected] Web Site www.urbanas.com.tr

USLUEL ENERGY PLANTS CONTRACTING AND TRADING CO. INC.

USLUEL ENERGY PLANTS CONTRACTING AND TRADING CO. INC.

Turan Güneş Bulv., Ürdün Caddesi 48. Sokak, 10


Oran, 06450, Ankara Chairman of the Board Kadir Nail USLUEL Phone (312) 491 77 99 Fax (312) 490 77 99 E‐mail [email protected] Web Site www.usluel.com

USTAY CONSTRUCTION CONTRACTING AND TRADING CO. INC.

USTAY CONSTRUCTION CONTRACTING AND TRADING CO. INC.

Ahi Evran Caddesi 1, Kat 11


Maslak, 80670, İstanbul Chairman of the Board Ali Haydar ÜSTAY Phone (212) 346 01 12 (pbx) Fax (212) 346 01 21 E‐mail [email protected] Web Site www.ustay.com

VARYAP VARLIBASLAR CONSTRUCTION INDUSTY AND TOURISM INVESTMENTS TRADE CO. INC. VARYAP VARLIBASLAR CONSTRUCTION INDUSTY AND TOURISM INVESTMENTS TRADE CO. INC.

Değirmenyolu Cad. Çetinkaya Sokak 22/4


İçerenköy, 34752, İstanbul Chairman of the Board Süleyman VARLIBAŞ Phone (216) 574 30 00 Fax (216) 574 14 90 E‐mail [email protected] Web Site www.varyap.com

YAPI MERKEZI CONSTRUCTION AND INDUSTRY INC.

YAPI MERKEZI CONSTRUCTION AND INDUSTRY INC.

Yapı Merkezi


Çamlıca, 34676, İstanbul Chairman of the Board Emre AYKAR Phone (216) 321 90 00 Fax (216) 321 90 13 E‐mail [email protected] Web Site www.ym.com.tr

YASAR OZKAN ENGINEERING AND CONTRACTING CO. INC.

YASAR OZKAN ENGINEERING AND CONTRACTING CO. INC.

Reşit Galip Caddesi, Gölgeli Sokak 8


Gaziosmanpaşa, 06700, Ankara Chairman of the Board Yaşar ÖZKAN Phone (312) 446 12 46 (4 Hat) Fax (312) 436 39 41 E‐mail [email protected] Web Site www.yasarozkan.com

YENIGUN CONSTRUCTION INDUSTRY AND COMMERCE INC.

YENIGUN CONSTRUCTION INDUSTRY AND COMMERCE INC.

Tunus Caddesi 91


Kavaklıdere, 06680, Ankara Chairman of the Board Mithat YENİGÜN Phone (312) 468 28 68 Fax (312) 428 66 33 E‐mail [email protected] Web Site www.yenigun.com.tr

YILDIZLAR CONSTRUCTION AND TRADE INC.

YILDIZLAR CONSTRUCTION AND TRADE INC.

Mahatma Gandhi Cad. 47


GOP, 06700, Ankara Chairman of the Board Müfit EREN Phone (312) 405 60 80 Fax (312) 436 38 02 E‐mail [email protected] Web Site www.yildizlar.com

YUKSEL INSAAT A.S.

YUKSEL INSAAT A.S.

Söğütözü Caddesi 14/A


Beştepeler, 06560, Ankara Chairman of the Board Süleyman Servet SAZAK Phone (312) 284 25 45 (pbx) Fax (312) 286 17 37 E‐mail [email protected] Web Site www.yuksel.net

ZAFER CONTRACTING CONSTRUCTION AND TRADE CO. INC.

ZAFER CONTRACTING CONSTRUCTION AND TRADE CO. INC.

Hatır Sokak 20


Gaziosmanpaşa, 06700, Ankara Chairman of the Board M.Necati Yağcı Phone (312) 447 00 70 Fax (312) 447 00 82 E‐mail [email protected] Web Site www.zafer.com.tr

FINANCIAL LEASING COMPANIES IN TURKEY

ABN AMRO FİNANSAL KİRALAMA A.Ş. Otlukbeli Cad. Tanburi Ali Efendi Sok. No: 13 34337 Etiler – İSTANBUL [Tel: 0(212) 359 40 40 Fax: 0(212) 357 08 77] www.abnambro.com.tr

ALTERNATİF FİNANSAL KİRALAMA A.Ş. 19 Mayıs Cad. Golden Plaza No.1 K.5 Şişli-İSTANBUL [Tel: 0(212) 231 34 34 Fax: 0(212) 231 50 12] www.alease.com.tr

ASYA KATILIM BANKASI A.Ş.Küçüksu Cad.Akçakoca Sk.No.6 34768 Ümraniye-İSTANBUL [Tel: 0(216) 633 50 00(Pbx) Fax: 0(216) 633 50 50] www.bankasya.com.tr

A&T FİNANSAL KİRALAMA A.Ş. Bayar Cad. Şehit Mehmet Fatih Öngül Sok. Odak İş Merkezi 5 A Blok Kat :4 34742 Kozyatağı – İSTANBUL [Tel: 0(216) 445 57 01(4 Hat) Fax: 0(216) 445 57 07] www.atleasing.com.tr

AK FİNANSAL KİRALAMA A.Ş. İnönü Cad. No.80 K.6 Gümüşsuyu 34437 Taksim-İSTANBUL [Tel: 0(212) 334 80 00 Fax: 0(212) 334 80 01] www.aklease.com.tr

ANADOLU FİNANSAL KİRALAMA A.Ş. Merkez Mah.Birahane Sok. No.38 Bomonti 34380 Şişli-İSTANBUL [Tel: 0(212) 368 78 20 Fax: 0(212) 233 02 36] www.anadoluleasing.com.tr

CITILEASE FİNANSAL KİRALAMA A.Ş. İnkılap Mah.Yılmaz Plaza O.Faik Atakan Cad. No.3 34768 Ümraniye-İSTANBUL [Tel: 0(216) 524 50 00 Fax: 0(216) 524 63 83] www.citybank.com.tr

DENİZ FİNANSAL KİRALAMA A.Ş. Gülbahar Mah.Salih Tozan Cad. No.18 Karamancılar İş Merkezi A Blok Mecidiyeköy-İSTANBUL [Tel: 0(212) 370 18 00 Fax: 0(212) 336 33 90] www.denizleasing.com.tr

EFG FİNANSAL KİRALAMA A.Ş.Eski Büyükdere Cad.Tekfen Tower No.209 4.Levent-İSTANBUL [0(212) 357 07 07 Fax: 0(212) 357 70 47] www.efgleasing.com.tr

FİNANS FİNANSAL KİRALAMA A.Ş. Nispetiye Cad. Akmerkez B Kule Kat:10 Etiler – İSTANBUL [Tel: 0(212) 282 10 90 Fax: 0(212) 350 60 00] www.finansleasing.com.tr

FFK FON FİNANSAL KİRALAMA A.Ş. Fulya Aşçıoğlu Plaza Hakkı Yeten Caddesi No.10/17-18 34365 Teşvikiye-İSTANBUL [Tel: 0(212) 343 15 00(pbx) Fax: 0(212) 343 15 55] www.fonleasing.com

FORTİS FİNANSAL KİRALAMA A.Ş. Eski Büyükdere Cad. Park Plaza No.22 K.13 34398 Maslak – İSTANBUL [Tel: 0(212) 345 01 60 Faks: 0(212) 345 01 71] www.fortisleasing.com.tr

GARANTİ FİNANSAL KİRALAMA A.Ş. Eski büyükdere Cad. Ayazağa Köyyolu No.23 34396 Maslak – İSTANBUL [Tel: 0(212) 365 30 00 Faks: 0(212) 365 30 01] www.garantileasing.com.tr

HALİÇ FİNANSAL KİRALAMA A.Ş. Büyükdere Cad. Polathan No.87/7 34387 Mecidiyeköy- İSTANBUL [Tel: 0(212) 356 50 05 Faks: 0(212) 272 90 73] www.halicleasing.com

HALK FİNANSAL KİRALAMA A.Ş. 19 Mayıs Cad. No: 1 Golden Plaza Kat:2 34360 Şişli – İSTANBUL [Tel: 0(212)230 92 48 Faks: 0(212) 230 46 69] www.halkleasing.com.tr

İŞ FİNANSAL KİRALAMA A.Ş. İş Kuleleri Kule 2 Kat:10 4.Levent 34330 4.Levent – İSTANBUL [Tel: (0212)350 74 00 Faks: (0212) 350 74 99] www.isleasing.com.tr

KENT FİNANSAL KİRALAMA A.Ş. Büyükdere Cad. Cem İş Merkezi No.23 Kat:3 34381 Şişli-İSTANBUL [Tel: 0(212) 225 24 60 Faks: 0(212) 225 56 01] www.kentleasing.com.tr

KUVEYT TÜRK KATILIM BANKASI A.Ş Büyükdere Cad.No.129 Esentepe 34394 Şişli – İSTANBUL [Tel: 0(212) 354 11 11 Faks: 0(212) 354 12 12] www.kuveytturk.com.tr

MERCEDES-BENZ FİNANSAL KİRALAMA TÜRK A.Ş. Tem Otoyolu Hadımköy Çıkışı Mercedes Cad. 34500 Bahçelievler-İSTANBUL [Tel: 0(212) 866 65 65 Faks: 0(212) 866 65 10] www.mercedes-benz-finansalhizmetler.com

MNG FİNANSAL KİRALAMA A.Ş. İnönü Mah.Cumhuriyet Cad. Şakirpaşa İş Hanı No.89-91 34373 Elmadağ – İSTANBUL [Tel: 0(212) 343 94 80 Faks: 0(212) 343 96 06] www.mngleasing.com.tr

SANKO FİNANSAL KİRALAMA A.Ş. Evren mah.Gülbahar cad.No:57 Sanko Pazarlama İş Mrk.Kat:12 34544 Güneşli-Bağcılar – İSTANBUL [Tel: 0(212) 410 45 30 Faks: 0(212) 410 45 31] www.sankoleasing.com.tr

SIEMENS FİNANSAL KİRALAMA A.Ş. Meclis-i Mebusan Cad. No:45 34427 Fındıklı – İSTANBUL [Tel: 0(212) 251 02 07 Faks: 0(212) 293 35 30] www.siemensleasing.com.tr

SÜZER FİNANSAL KİRALAMA A.Ş. Asker Ocağı Cad.No.15 Süzer Plaza Taksim-İSTANBUL [Tel: 0(212) 334 48 00 Faks: 0(212) 334 48 66] www.suzer.com.tr

ŞEKER FİNANSAL KİRALAMA A.Ş.Nispetiye Cad. Tanburi Ali Efendi Sokak No:1 34337 Etiler – İSTANBUL [Tel: 0(212) 358 42 92 Faks: 0(212) 358 43 21] www.sekerbank.com.tr

TEB FİNANSAL KİRALAMA A.Ş. Setüstü Haktan İşmerkezi No: 45 K:3 34427 Kabataş – İSTANBUL [Tel: 0(212) 252 50 00 Faks: 0(212) 252 55 01] www.tebleasing.com.tr

TEKSTİL FİNANSAL KİRALAMA A.Ş. Aydınlıkevler mah.İnönü cad. Gökçe Sk. GSD Binası No:14 38854 Küçükyalı – İSTANBUL [Tel: 0(216) 587 90 00 Faks: 0(216) 489 97 85] www.tekstilleasing.com.tr

TİCARET FİNANSAL KİRALAMA A.Ş. Bağdat Cad. Hasan Amir Sokak No.4 K.1 Kızıltoprak/Kadıköy-İSTANBUL [Tel: 0(216) 330 08 00 Faks: 0(216) 330 00 80] www.keylease.com.tr

TÜRKİYE FİNANS KATILIM BANKASI A.Ş. Yakacık Mevkii Adnan Kahveci Bulvarı No.139 Kartal-İstanbul [Tel: 0(216) 452 54 54 Faks: 0(216) 452 54 00] www.finansleasing.com.tr

TURKISH FİNANSAL KİRALAMA A.Ş. Abdi İpekçi Cad. Milli Reasürans Han No.57 E Blok Kat.1 34367 Harbiye-İSTANBUL [Tel: 0(212) 315 88 00 Faks: 0(212) 315 88 01] www.turkiyefinans.com.tr

ULUSAL FİNANSAL KİRALAMA A.Ş. Yıldız Posta Cad. Akın Sitesi 1.Blok Kat.3 D.7 Gayrettepe-Şişli-İSTANBUL [Tel: 0(212) 288 43 43 Faks:0(212) 274 02 60] www.ulusalleasing.com.tr

VAKIF FİNANSAL KİRALAMA A.Ş. Büyükdere Cad.Matbuat Sokak Gazeteciler Sitesi No.17Esentepe/Şişli - İSTANBUL [Tel: 0(212) 337 67 67 Faks: 0(212) 337 67 99] www.vakifleasin.com.tr

VFS FİNANSAL KİRALAMA A.Ş. Volvo İş Merkezi İçerenköy Mah. Engin Sk. No.9 Kadıköy-İSTANBUL [Tel: 0(216) 655 75 00 Faks: 0(216) 469 29 70] www.volvo.com.tr

YAPI KREDİ FİNANSAL KİRALAMA A.Ş. Morbasan Sokak Koza İş Merkezi C Blok Kat:6-9 34349 Balmumcu-İSTANBUL [Tel: 0(212) 336 60 00 Faks: 0(212) 340 26 27] www.yapikredileasing.com.tr

YATIRIM FİNANSAL KİRALAMA A.Ş. Büyükdere Cad. Nurol Maslak Plaza A Blok No.71 Kat:16 34398 Maslak - İSTANBUL [Tel: 0(212) 328 18 58 Faks: 0(212) 328 18 81] www.yatirimleasing.com

ZİRAAT FİNANSAL KİRALAMA A.Ş. Büyükdere Cad. No.43 B Blok K.2 34398 Maslak – İSTANBUL [Tel: 0(212) 367 23 00 Faks: 0(212) 286 18 36] www.ziraatleasing.com.tr

APPENDIX ‐ TURKEY RETAIL MARKET OVERVIEW

SUMMARY1

A large amount of new supply had been delivered to Turkish retail market over the past few years. As end of October 2008, retail centre supply reached to 4.4 million sq m in 189 retail centres.

It is estimated that retail supply will reach 7 million sq m by 2012, with completion of new developments. However, some pipeline and planning schemes will be postponed due to lack of finance in line with global crisis.

Istanbul and Ankara still dominate the market with their existing retail inventory and also large development schemes. Considering their lower GLA per capita, some metropolitan cities having population over 1 million, offer opportunities for potential developments, like Izmir, Adana, Gaziantep and Konya.

A few provinces having no existing retail centers yet, like Erzurum, Kutahya, Nevsehir, Sanliurfa and Tokat will be also added to retail inventory. Currently, 31 provinces have retail centres and it is expected to reach 45 with under construction and

1 Pamir & Soyuer, Retail Market Research, Turkey, 2008

planning schemes, by the year 2012.

The transaction volume in Turkish commercial property market investments is still quite low, due to liquidity, transparency and lack of available investment grade products. However, transaction volume has accelerated with the interest of international developers and investors. By the end of October 2008, total annual transaction volume has exceeded US$ 800 million.

Due to economic slowdown and increase in exchange rate, investors have offered some concession to retailers, including reduction in rents, restructuring the lease agreements from fixed to turnover rent or applying fixed‐exchange rate.

Turkish retail market witnessed yield compression driven by the expectation of rental growth over the last couple of years. However, in the short term, an increase in yields is expected regarding perception of risk ‐ free rate and risk premium increase in line with global crisis.

According to data provided by Planet Retail, revenues of the Turkish retail sector (food and non‐food) equaled USD 136.9 billion in 2006. This figure is expected to reach USD 199 billion by 2010.

Approximately 65% of the Turkish retail sector is constituted by traditional retail while 35% consists of modern (organized) retail. Therefore, the retail sector still has a long way to go. Given these ratios, the size of the modern retail sector is calculated to be USD 47,9 billion.

SUPPLY

Total retail supply reached to 4.4 million sqm in 189 retail centres by the end of October 2008. It reflected an increase of 26%, since January 2008.

District shopping centres continue to dominate the market representing 62% of total supply, follow by town centre malls with a share of 23%. Outlet centres recorded significant increase with delivery of new supply. Besides, conversion of some district centres to outlet centres has contributed to increase of its share in total supply up to 15%.

The largest metropolitan cities, Istanbul and Ankara still lead supply having 60% of country’s GLA. Izmir and Bursa follow with a share of 19% and 6%, respectively. On the other hand, retail supply in the developing metropolitan cities like Antalya, Denizli and Mersin, has remarkably increased with the new openings in 2008.

As end of October 2008, the average GLA per 1,000 inhabitants reached to 62 sq m in Turkey. This number still stays behind compared to European countries where the average is 205 sqm per 1,000 inhabitants. Ankara ranked first place with 190 sq m/1,000 inhabitants, followed by Istanbul with 139 sq m/1,000 inhabitants.

RETAIL CENTRE SUPPLY (Breakdown by retail centre floorspace GLA by 1,000 inhabitants)

Developing metropolitan cities, Denizli, Eskisehir, Trabzon and Mersin rose with delivery of new supply and ranked third, fourth and fifth place, respectively. Other metropolises, having population over 1 million, also ranked in the upper range of the country average.

Istanbul and Ankara remain the primary markets due to their market size and population. Large Metropolitan cities with lower GLA per capita, like Izmir, Adana, Gaziantep and Konya look promising for potential developments. On the other hand, the oversupply may be crucial concern for some markets where GLA per capita above country’s average. For example, Eskisehir and Denizli seem to oversupply compared to other markets, considering their market size and population.

NEW SUPPLY

Retail market has continued to grow significantly over the past few years. Since the beginning of the year, a large amont of new space (app.9000,000 sqm) delivered to market reflecting an increase of 26%. Significant amount of outlet centre, approximately 300,000 sqm entered to market during 2008. Via Port, Deposite and Airport in Istanbul, Forum Ankara and Acity Outlet in Ankara have started to operate in this year.

The major openings in 2008 include City’s Nişantaşı, Astoria, Metroport, Palladium in İstanbul; Antares and 365 in Ankara. In addition, Kent Meydanı (Bursa), Shemall (Antalya), Şirehan (Gaziantep), Forum Çamlık (Denizli), Forum Trabzon and Forum Aydın are other major openings in other provinces.

PIPLINE

Total retail supply is expected to grow with under construction and planning stage developments, for the next five years. Currently, total retail centre supply in the pipeline is calculated as 3 million sq m, while total retail supply is estimated to reach 7 million sq m by the end of 2010. Over the next three years, approximately 85 new centres are scheduled to open in Turkey. Istanbul has the largest development scheme in the pipeline with 1.4 million sq m GLA representing 45% of total supply. Ankara follows with a share of 10%. Other major metropolitan cities, Antalya, Gaziantep, Diyarbakir and Bursa have large development schemes in the pipeline, their attractiveness is still continue due to their large population size.

In addition, provinces have no retail centres yet, will be added to retail inventory in the next years. Currently, 31 provinces have retail centres and it is expected to reach 45 with under construction or planning schemes, by the year 2012.

Approximately 1.5 million sq m additional supply in the planning stage is expected to deliver to market by 2012, including Adana, Canakkale and Corum by Multi Turkmall, Kahramanmaras Sanlıurfa and Tokat by Meinl (with Acteeum Group).

TURKEY: RETAIL CENTRES (Current and Pipeline, by cities, 2012)

MAJOR RETAIL CENTERS IN PIPELINE (Under construction, over 30,000 sqm GLA)

Retail Centre Location Opening GLA Kentpark Ankara 2009 75,17 Anse Ankara 2009 68

Gordion Ankara 2009 55

Optimum İzmir İzmir 2009 58,526

Adana AVM Adana 2009 55

Forum Antalya Antalya 2010 119,086

Anatolia Bursa 2010 78,588

Sümer Park Denizli 2009 55

Forum Diyarbakır Diyarbakır 2009 55

Ceylan Diyarbakır 2009 60

Erzurum Meydan Erzurum 2009 31

Gaziantep AVM Gaziantep 2009 57,56

Forum Gaziantep Gaziantep 2010 38,604

Lapis Gaziantep 2009 30,326

Soyak Hatay 2009 40

Forum Kayseri Kayseri 2010 66,5

İzmit Park Kocaeli 2009 52

Malatya Malatya 2009 48,13

Redevco Manisa 2009 55

Samsun Samsun 2009 62

Çorlu Park Tekirdağ 2009 45

Tekira Tekirdağ 2009 30,6

Total (Turkey) 3,106,508

FORECAST

Total retail supply is estimated to reach 9 million sq m with 300 retail centres in the next five years including planning stage developments. In parallel with the supply growth, GLA per 1,000 inhabitants in Turkey is expected to reach 130 sq m by 2010. However, some pipeline and planning schemes will be postponed due to lack of financial in line with global crisis. It is also expected that a few retail schemes may be converted to alternative uses or mix‐use developments. Although Istanbul and Ankara still dominate the market medium sized provinces having population over 1 million (Adana, Bursa, Denizli, Diyarbakir, Gaziantep, Izmir, Kocaeli, Samsun, Manisa) have large developments schemes in the pipeline. A few provinces having no existing retail centres yet, like Erzurum, Kütahya, Manisa, Nevşehir, Şanliurfa and Tokat will be also added to retail inventory by the year 2012. RENTS After introduction of smoking‐ban in the closed areas in May 2008, food vendors have encountered a significant decrease in turnovers. Although no significant decrease has started to be observed a decline trend is expected in retail sales for the next year, due to economic slowdown. Besides, increase in Exchange rate puts additional pressure on retailers regarding rental values. Investors have offered some concessions to retailers to overcome these problems. Proposed concessions include reduction in rents, restructuring the lease agreements from fixed to turnover rent or applying fixed‐exchange rate.

INVESTMENT The transaction volume in Turkish commercial property market investments is still quite low, due to liquidity, transparency and lack of available investment grade products. However, transaction volume has accelerated with the interest of international developers and investors. The number of transactions and value has increased since 2005. Total value of retail centre transactions was US$ 1.2 billion and US$ 800 million in 2006 and 2007, respectively. By the end of October 2008, total annual transaction volume has exceeded US$ 800 million. In the beginning of 2008, Apollo Real Estate and Multi Turkmall have acquired the prime development site of the City Park ( Carrefour Merter Shopping Centre) in Istanbul. The retail development opportunity was purchased for EUR268 million from Carrefour. Corio remained the most active investor in the market acquiring eleven retail centres. Corio’s first İnvestment was 46.92% share in Akmerkez (Istanbul) in 2005. Other acquisitions, Adacenter (Sakarya) opened in 2007, while Teras Park (Denizli) and 365 (Ankara) have started to operate in 2008. Other centres are Tekira (Tekirdağ,2009), Anatolium (Bursa,2010), Malatya (Malatya, 2010) and Acibadem (Istanbul, 2011), are either under development or in the planning stage. Transactions can be partial acquisition (Akmerkez, Teras Park, Acıbadem) or total acquisitions. In May 2008, Corio acquired a plot of land of 33,400 sq m in the city of Malatya to develop a retail centre with 50,000 sq m GLA in cooperation with Acteeum Group. Malatya Project will be developed by Acteeum Group and it will be

acquired by Corio. After four operational years, Acteeum will share in the medium term performance above a predefined internal rate of return for Corio. Tarsus Project, another JV with Acteeum, was acquired by Corio for EUR 50 million. Project with 25,000 sq m GLA is located in Mersin and it is expected to open in 2011. Another acquisition by Corio was Iskenderun Shopping Centre having 55,000 sqm GLA in city of Hatay. It is Planned to open in 2010. The total investment is expected to be around EUR 116 million at a predefined net initial yield of at least

8%, in line with Corio’s other investments in Turkey. Foreign developers have continued to seek opportunities for new retail developments in Anatolia. Redevco acquired land in Erzurum, Manisa and Edirne. Gordion Retail Centre in Ankara and Manisa Shopping Centre are being constructed. After acquisition of Forum Trabzon in 2006, Meinl European Land Limited (with Acteeum Group) entered to Turkey as a developer and purchased land in Samsun, Tokat, Kahramanmaraş, İstanbul (Göztepe), Sanlıurfa and Adana. Acteeum Group will develop retail centres under the name of “Ancora”. The construction of the first project namely “Ancora Samsun” has started recently. Turkish retail market witnessed yield compression driven by the expectation of rental growth over the last couple of years. The initial yields remained between 7% and 8% in the metropolitan cities while 10% – 11% for new

development schemes in Anatolian cities. However, an increase in yields is expected in line with economic slowdown. The perception of increase in risk‐free rate and risk premium can cause an increase on yields in the short term.

ISTANBUL RETAIL MARKET

Total retail supply Istanbul reached to 1.7 million sqm in 65 centres, by the end of October 2008. Istanbul retail market accounts for 40% of total retail supply in Turkey.

Town centre malls continue to dominate retail supply with a share of 40%. District shopping centres constitute 36% of total supply. However, the share of outlet centres increased from 10% to 20% since the beginning of 2008, due to new openings and conversion of district shopping centres to outlet centres.

As end of October 2008, approximately 410,000 sq m additional supply was delivered to Istanbul retail market, representing an increase of 30%. City’s Nisantası, Astoria and Palladium ve started to operate in 2008. In addition, Viaport, Airport, Armoni Park Outlet and Deposite Outlet are other major openings as outlet centres.

PIPELINE

Currently, 1.4 million sq m new retail schemes are under construction in Istanbul, representing 45% of total supply in Turkey. In addition, approximately 600,000 sq m additional supply is in

the planning stage. By the year 2012, total supply is expected to reach 3.7 million sq m with under construction and planning developments.

Another retail centres developed by Multi Turkmall, Forum TEM having 72,000 sqm GLA is located in Gaziosmanpaşa. The project is planned to be completed in 2010.

City Park Istanbul (formely Carrefour Merter) will have 140,212 sqm GLA ant it is expected to open in 2010. Apollo Real Estate and Multi Turkmall.

212 Istanbul (old land of Edip Iplik) is being developed in Ikitelli. It has 68,000 sqm GLA and targeted to open by the end of 2009.

MAJOR RETAIL CENTERS (Pipeline, over 30,000 GLA)

PROJECT YEAR LOCATION GLA (SQM)

Forum Istanbul 2009 Bayrampaşa 172,286

City Park Istanbul 2010 Merter 140,212 Forum TEM 2010 G.osmanpaşa 72

212 İstanbul 2009 İkitelli 68 Ginza 2009 Beylikdüzü 60 Maslak Teras N/A Maslak 57,5 Kozzy 2009 Kozyatağı 48,13 Kozyatağı Optimum 2008 Kozyatağı 43,5 Trump Tower 2010 Mecidiyeköy 40,333 Pelican Mall 2009 Beylikdüzü 36,5 Neomarin Pendik 2009 Pendik 36 Sapphire İstanbul 2009 Levent 34 Perla Vista 2009 Beylikdüzü 32 İstanbul Fashion Mall 2008 Kozyatağı 30 Buyaka Artell 2009 Ümraniye 31 Merter M1 2009 Merter 30,39 Modezz 2010 Kozyatağı 30 Pendorya 2009 Pendik 30 Total ‐ İstanbul 1,391,305

Forum Istanbul, is being developed by MultiTurkmall in Bayrampasa, has approximately 172,000 sqm GLA including retail, DIY, hypermarket and entertainment areas and it is expected to be completed by the end of 2009.

OUTLOOK

Retail market has seen a significant supply over the past few years. As end of October 2008, retail centre supply reached to 4.4 million sq m in 189 retail centres.

It is estimated that retail supply will reach 7 million sqm by 2012, with delivery of new supply. However, some pipeline and planning schemes will be postponed due to lack of finance in line with global crisis.

Istanbul and Ankara remain the primary market due to their existing retail inventory and large development schemes. Considering their lower GLA per capita, some metropolitan cities having population over 1 million, offer opportunities for potential developments, like Izmir, Adana, Gaziantep and Konya. On the other hand, oversupply can be crucial for a few markets where GLA per capita higher country’s average.

Retail market is becoming more competitive and challenging. Retail trends are moving new forms of lifestyle and entertainment centres emphasizing

open – air design. Incorporation of sustainable technology into retail centres is another emerging design trend due to environmental concerns.

Open –air design, such as outside restaurants, cafés, is becoming more important component in the retail centres, especially after smoking ‐ ban in the closed areas. However, tenants can face with additional operating expenses, such as ventilation, heating, etc.

Turkish retail market witnessed yield compression driven by the expectation of rental growth over the last couple of years. However, in the short term, an increase in yields is expected regarding perception of risk ‐ free rate and risk premium increase in line with global crisis.

THE CONSTRUCTION COST

According to shopping mall developers the construction cost for shopping malls are approximately USD 500‐600 m2.

CURRENT AND PLANNED SHOPPING CENTERS IN TURKEY

SHOPPING CENTERS (OPENING & PLANNED OPENING DATES) GALLERIA ALIŞVERIŞ MERKEZİ 1988ATAKULE ALIŞVERIŞ MERKEZİ 1989ATRİUM ALIŞVERIŞ MERKEZİ 1989NETSEL ALIŞVERIŞ MERKEZİ 1990KARUM İŞ VE ALIŞVERIŞ MERKEZİ 1991YAYLADA SÜREYYAPAŞA ALIŞVERIŞ MERKEZİ 1992AKMERKEZ 1993CAPITOL ALIŞVERIŞ VE YAŞAM MERKEZİ 1993GALLERIA‐ADANA 1994KİPA ALIŞVERİŞ MERKEZİ‐BORNOVA 1994CAROUSEL ALIŞVERİŞ VE YAŞAM MERKEZİ 1995GALLERIA ANKARA ALIŞVERIŞ MERKEZİ 1995AFRA ALIŞVERIŞ MERKEZİ‐KONYA 1996CARREFOUR İÇERENKÖY ALIŞVERIŞ MERKEZİ 1996ANKUVA ALIŞVERIŞ MERKEZİ 1997AVANTAJ FACTORY OUTLETS 1997MİGROS ALIŞVERIŞ MERKEZİ‐BEKLİKDÜZÜ 1997OUTLET CENTER‐İZMİR 1997BİLKENT CENTER 1998CARREFOURSA ADANA ALIŞVERİŞ 1998EGS PARK ALIŞVERIŞ VE EĞLENCE MERKEZİ‐DENİZLİ 1998MAXI SHOPPING CITY‐SİLİVRİ 1998MAYADROM AKATLAR 1998OASİS ALIŞVERIŞ KÜLTÜR VE EĞLENCE MERKEZİ 1998PROFILO ALIŞVERIŞ MERKEZİ 1998AFRA ALIŞVERIŞ MERKEZİ‐MALATYA 1999ANKAMALL ALIŞVERIŞ MERKEZİ 1999DİYARGALLERIA 1999

EGE PARK MAVİŞEHİR MODA VE ALIŞVERIŞ MERKEZİ 1999KİPA ALIŞVERIŞ MERKEZİ‐ÇİĞLİ 1999M1 MERKEZ GAZİANTEP ALIŞVERIŞ MERKEZİ 1999MESA PLAZA ALIŞVERIŞ MERKEZİ 1999MİLTA BODRUM MARİNA 1999ORION ALIŞVERIŞ MERKEZİ 1999ZAFER PLAZ ALIŞVERIŞ MERKEZİ 1999AS MERKEZ 2000CARREFOUR İZMİT ALIŞVERIŞ MERKEZİ 2000CARREFOUR KARŞİYAKA ALIŞVERIŞ MERKEZİ 2000CARREFOURSA ÜMRANİYE ALIŞVERIŞ MERKEZİ 2000KİPA ALIŞVERIŞ MERKEZİ‐GAZİEMİR 2000M1 MERKEZ ADANA ALIŞVERIŞ MERKEZİ 2000M1 MERKEZ KARTAL ALIŞVERIŞ MERKEZİ 2000MERİDYEN ALIŞVERIŞ MERKEZİ 2000OLIVIUM OUTLET CENTER 2000REAL BURSA ALIŞVERIŞ MERKEZİ 2000REAL İZMİT ALIŞVERIŞ MERKEZİ 2000AFRA ALIŞVERIŞ MERKEZİ‐KARAMAN 2001CARREFOUR ANKARA ALIŞVERIŞ MERKEZİ 2001CARREFOUR BURSA ALIŞVERIŞ MERKEZİ 2001CARREFOUR HARAMİDERE ALIŞVERIŞ MERKEZİ 2001KULE ÇARŞI ALIŞVERIŞ MERKEZİ 2001MİGROS ALIŞVERIŞ MERKEZİ‐ANTALYA 2001ODC CENTER ALIŞVERIŞ MERKEZİ 2001AFRA ALIŞVERIŞ MERKEZİ‐AKSARAY 2002ARMADA ALIŞVERİŞ VE İŞ MERKEZİ 2002MEGA CENTER ALIŞVERİŞ MERKEZİ 2002MİGROS BEDESTEN ALIŞVERİŞ MERKEZİ‐GAZİANTEP 2002SABAH CENTER ALIŞVERIŞ MERKEZİ 2002TEPE NAUTİLUS 2002TRUVA OUTLET VE EĞLENCE MERKEZİ 2002AGORA 2003ARCADIUM ALIŞVERIŞ MERKEZİ 2003AYMERKEZ ALIŞVERIŞ MERKEZİ 2003BEŞYILDIZ ALIŞVERIŞ MERKEZİ 2003BİNA DEKORASYON MERKEZİ 2003CARREFOUR MERSİN ALIŞVERIŞ MERKEZİ 2003CARREFOUR BAYRAMPAŞA ALIŞVERIŞ MERKEZİ 2003ERMERKEZ 2003FLYINN ALIŞVERİZ VE YAŞAM MERKEZİ 2003FTZ ALIŞVERIŞ MERKEZİ 2003G‐MALL KÜLTÜR SANAT VE ALIŞVERIŞ MERKEZİ 2003KADİR HAS ÇOCUK DÜNYASI 2003KARUN ALIŞVERİŞ MERKEZİ 2003M1 MERKEZ KONYA ALIŞVERİŞ MERKEZİ 2003MAXI CENTER‐İSTİNYE 2003MAXI CITY‐ÇENGELKÖY 2003METROCITY ALIŞVERİŞ MERKEZİ 2003PALMİYE ALIŞVERİŞ MERKEZİ 2003PORT BODRUM YALIKAVAK MARİNA ALIŞVERİŞ KÖYÜ VE BALIKÇIKÖY ÇARŞILARI 2003TOWN CENTER 2003UPTOWN ETİLER ALIŞVERIŞ MERKEZİ 2003

AKGÜN ALIŞVERIŞ MERKEZİ 2004DEEPO OUTLET ALIŞVERİŞ MERKEZİ 2004DOLPHIN CENTER‐İZMİR 2004G‐MALL ANTALYA 2004KARACAN POINT CENTER 2004KONAK PIER 2004KULESİTE ALIŞVERİŞ VE EĞLENCE MERKEZİ 2004LAURA ALIŞVERIŞ MERKEZİ 2004MESA STUDIO PLAZA ALIŞVERIŞ MERKEZİ 2004MİGROS ALIŞVERIŞ MERKEZİ‐ORDU 2004OPTİUM OUTLET CENTER 2004PARK BONOVA OUTLET CENTER 2004ADDRESİSTANBUL EV VE YAŞAM KARMASI 2005AQUARIUM ALIŞVERİŞ MERKEZİ 2005ATİRUS ALIŞVERİŞ VE İŞ MERKEZİ 2005CARREFOUR MALTEPE PARK 2005COLONY OUTLET VE YAŞAM MERKEZİ 2005İSTANBUL CEVAHİR ALIŞVERİŞ VE EĞLENCE MERKEZİ 2005KANYON 2005KİPA ALIŞVERİŞ MERKEZİ‐BODRUM 2005MILLENIUM OUTLET PARK 2005MİRAPARK ALIŞVERIŞ MERKEZİ 2005MKM ALIŞVERIŞ MERKEZİ 2005PARADISE ALIŞVERİŞ VE EĞLENCE MERKEZİ 2005PLANET ALIŞVERİŞ VE YAŞAM MERKEZİ 2005STARS ÇOCOK DÜNYASI 2005SUNFLOWER LIFE CENTER 2005WHITE WORLD CENTER 2005AFRA ALILVERİŞ MERKEZİ‐SAMSUN 2006AKKAPARK ALIŞVERIŞ MERKEZİ 2006BEYLICIUM ALIŞVERİŞ VE YAŞAM MERKEZİ 2006DOĞUŞ POWER CENTER 2006EREYLİN ALIŞVERIŞ MERKEZİ 2006FORUM BORNOVA 2006G‐CITY ALIŞVERIŞ MERKEZİ 2006İPEKSARAY ALIŞVERIŞ MERKEZİ 2006İSTANBUL OUTLET PARK 2006KAYA MILLNIUM İŞ VE ALIŞVERIŞ MERKEZİ 2006KAYSERİ PARK ALIŞVERİŞ VE YAŞAM MERKEZİ 2006KC GÖKCU ALIŞVERIŞ MERKEZİ 2006KİPA ALIŞVERIŞ MERKEZİ‐ANTALYA 2006KİPA ALIŞVERIŞ MERKEZİ‐AYDIN 2006KİPA ALIŞVERIŞ MERKEZİ‐ÇANAKKALE 2006KİPA ALIŞVERIŞ MERKEZİ‐ÇORLU 2006KİPA ALIŞVERIŞ MERKEZİ‐KONYA 2006KİPA ALIŞVERIŞ MERKEZİ‐LÜLEBURGAZ 2006MAGAZİN OUTLET ALIŞVERIŞ MERKEZİ 2006MOLİDA ALIŞVERIŞ MERKEZİ 2006NCITY ALIŞVERIŞ MERKEZİ 2006ONEL ALIŞVERIŞ MERKEZİ 2006PEKDEMİR ALIŞVERİŞ VE YAŞAM MERKEZİ‐KINIKLI 2006REAL ANTALYA ALIŞVERIŞ MERKEZİ 2006SELWAY OUTLET PARK 2006

SİNASOS ALIŞVERIŞ MERKEZİ 2006AIRPORT 2006ANTARES ALIŞVERIŞ MERKEZİ 2007ASTORIA ALIŞVERIŞ MERKEZİ/KEMPINSKI RESIDENCES 2007ASYAPARK ALIŞVERİŞ MERKEZİ 2007CAPACITY 2007CARIUM 2007CCEPA ALIŞVERIŞ MERKEZİ 2007CITY´S NİŞANTAŞI 2007DEPOSİTE OUTLET ALIŞVERIŞ MERKEZİ 2007D´SİLVA ALIŞVERİŞ VE YAŞAM MERKEZİ 2007ESPARK 2007FATİH KÜLTÜR VE TİCARET MERKEZİ 2007FORUM MERSİN 2007İSTİNYA PARK 2007KALE CENTER 2007KANATLI ALIŞVERIŞ MERKEZİ 2007KC ŞEHR‐İ BAZAAR 2007KEMERMALL 2007KİPA ALIŞVERIŞ MERKEZİ‐BALÇOVA 2007KİPA ALIŞVERIŞ MERKEZİ‐BURHANİYE 2007KIPA ALIŞVERIŞ MERKEZİ‐UŞAK 2008KORUMAX ALIŞVERİŞ VE EĞLENCE MERKEZİ 2008M1 MEYDAN ALIŞVERIŞ MERKEZİ 2008MAKSİMUM ALIŞVERIŞ MERKEZİ 2008MALTEPE KATLI OTOPARK VE ALIŞVERİŞ MERKEZİ 2008MARİNAVİSTA ALIŞVERIŞ MERKEZİ 2008METROKENT ALIŞVERIŞ MERKEZİ 2008METROPORT 2008NEO ESKİŞEHİR ALIŞVERİŞ VE YAŞAM MERKEZİ 2008OLIVE CITY 2008PANORA ALIŞVERİŞ VE YAŞAM MERKEZİ 2008PARKWAY ALIŞVERIŞ MERKEZİ 2008PRESTIGE MALL 2008TAKSİT CENTER İHTİSAS ÇARŞILARI 2008TERASPARK 2008VERDE MOLİNA ALIŞVERİŞ VE YAŞAM MERKEZİ 2008YAYLADA BALIKESİR ALIŞVERIŞ MERKEZİ 2008YEŞİLYURT ALIŞVERİŞ VE YAŞAM MERKEZİ 2008ZEYLAND ALIŞVERİŞ VE EĞLENCE MERKEZİ 2008EKİNOKS BEYLİKDÜZÜ ALIŞVERIŞ MERKEZİ 2008FORUM ANKARA 2008FORUM AYDIN 2008FORUM ÇAMLIK 2008FORUM İSTANBUL 2008FORUM TRABZON 2008GAZİANTEP ALIŞVERİŞ MERKEZİ VE OFİS KULESİ 2008GAZİANTEP ŞİREHAN VE YEMİŞHAN KÜLTÜR MERKEZİ 2008HARMONY PARK 2008İSTANBUL KOZYATAĞI FASHION CENTER 2008İSTANBUL KOZYATAĞI OPTIMUM ALIŞVERİŞ MERKEZİ 2008İSTANBUL OUTLET CENTER‐PENDİK 2008KENTMEYDANI ALIŞVERİŞ MERKEZİ 2008

KENTPARK 2008KÜTAHYA ALIŞVERİŞ VE EĞLENCE MERKEZİ 2008PALLADIUM REZİDANS VE ALIŞVERİŞ MERKEZİ 2008PERLA VİSTA 2008WORLD ATLANTIS 2008212 İSTANBUL 2009DEEPO CENTER İSTANBUL 2009ERZURUM ALIŞVERİŞ MERKEZİ 2009FORUM ANTALYA 2009FORUM DİYARBAKIR 2009FORUM KAYSERİ 2009FORUM TEM 2009GORDION ALIŞVERIŞ MERKEZİ 2009İSTANBUL SAPPHIRE 2009MALATYA ALIŞVERIŞ MERKEZİ 2009ACTEEUM GÖZTEPE ALIŞVERIŞ MERKEZİ PROJESİ 2010ACTEEUM GÖZTEPE ALIŞVERIŞ MERKEZİ PROJESİ 2010

CONSTRUCTION INDUSTRY IN TURKEY · Soyak Insaat, Tahincioglu 2010 Adapazari Neo AVM Adapazari...

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