Kiler GYO

Developer

Kiler Family gained extensive experience in construction operations initiated with real estate development and construction services required by its group companies and particularly in key matters such as determining the right locations in Turkey, land and property acquisition, store rentals, projects, decorations and management of the permission procedures for developing a store network and putting into service as one of the most important elements of the retailing business. Construction operations have been taken beyond the requirements of the group upon founding Biskon Yapi and they have been converted into professional construction operations.
So far, 150,000 square meter construction and more than 170 stores have been completed throughout Turkey including fine works, electrical, mechanical, heating, lighting installations and infrastructure works and the stores have been developed as turnkey projects.

The experience gained by Kiler Group with supermarket store construction and refurbishment works also meant great experience in specifications sought in rental commercial real estate properties and the relevant needs and this experience has been used for market and shopping centre investments. In addition, housing projects have been developed at various locations for different income groups.

Kiler Group proved its success in real estate development area, too, by completing the construction of Istanbul Sapphire Residence and Shopping Mall that is the highest (261m), the most challenging and elite project of Turkey and the West Europe representing the ultimate point achieved in real estate investment and development area, accommodating many ground breaking, state-of-the-art innovations in architecture and engineering.

Start of the real estate development and construction operations date back to 1994 and the progress has been achieved as provided below.
→ In 1994, store furnishing operations have been initiated throughout Istanbul. Up till the present day, project management services have been provided to 175 stores each with an area varying between 1,000 and 4,000 m² throughout Turkey.
→ In 1997, a store and business complex with a total construction area of 12,100 m² has been completed in Sirinevler.
→ In 1997, a residential building with a total construction area of 2,000 m² has been built in Avcilar.
→ The first building construction has been completed in Gungoren in 1998. The building with a construction area of 35,000 m² on 7,000 m² land has been developed as a warehouse, management offices and school building.
→ A building with a total area of 13,000 m² has been built on 7,500 m² land in Bagcilar Atestugla in August 2001.
→ In 2001, a residence building with 30 apartment flats have been built in Beylikduzu district.
→ A store with an area of 5,000 m² has been built on 6,000 m² land in Basaksehir in 2002.
→ In 2002, a residential building with a construction area of 5,500 m², consisting of 2 blocks and 4 flats has been built in Florya.
→ In 2004, Kardelen Evler Building Complex consisting of 2 blocks and 9,000 m² business centre have been completed as a project with 31,000 m² construction area on 7,000 m² land in Esenkent.
→ Kiler Logistics Centre for which the construction works commenced in July 2005 has been opened as a functional premise at the end of the 3-year period. Logistics and warehousing services are provided in this premise situated on an area of 83,560 m².
→ Istanbul Sapphire, one of the most prestigious projects of Turkey for which the construction works commenced in 2006, has a construction area of 165,139 m² and it is the highest building of Turkey and West Europe with a height of 261 metres.
→ The foundations were laid for Hikmet Kiler Science High School in July 2007 and the school has been opened in August 2008. It has been built on an area of 15.000 m². The project consists of two buildings- education building and dormitory building.
→ Cinar Evler Residential Complex Project commenced in 2008 consists of 5 blocks with 9 and 10 floors. Cinar Evler built on a land with a total area of 11,000 m² has a construction area of40.000 m².

Although construction operations of Kiler Group started in 1994, these operations were carried out by the retailing subsidiary until the year 2000 and in 2000, the construction operations have been gathered under the umbrella of a single company named KLR Insaat Ticaret Limited Sirketi (“KLR Insaat). The Company that laid the foundations of the Real Estate Investment Company was founded with the name ” Kiler Insaat Sanayi ve Ticaret A.S.” , registered by Istanbul Trade Registry Office with the registration number 563609-51191 on 01.09.2005 and this registration was announced in TTRG No. 6383 of 06.09.2005. Subsequently, the Company name was changed to “Biskon Insaat A.S.” in 2006 and then to “Biskon Yapi A.S.”. Pursuant to the provisions of CML, the company was converted into a REIC with the CMB`s resolution no. 4/174 of 08.02.2008 and its name has been changed as “Kiler Gayrimenkul Yatirim Ortakligi A.S.”.
Registered equity ceiling of the company is 1,400,000,000 TL and its paid capital is 124,000,000 TL.
Principal business activity of the company is specified under article 5 ” Objective and Principal Business Activity of the Company” in Articles of Association as follows.
The company is a publicly-held corporation that was founded with registered capital in order to invest in real estate properties, real estate property based capital market instruments, real estate projects and real estate property based rights pursuant to the objectives and businesses written in the regulations of the Capital Market Board on Real Estate Investment Companies.

 


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