Page 33 - Engilish 2015 Annual Report

NUROL REAL ESTATE

INVESTMENT TRUST INC.

Nurol Life, İstanbul/ Turkey

ounded in September 1997, Nurol Gayrimenkul Yatırım Another Nurol REIT’s project in Istanbul is Nurol Life
Ortaklığı A.Ş. (Nurol Real Estate Investment Trust – Seyrantepe project. Built on 9.500 sqm of land right next
FNurol REIT) started its operations with a registered to the Turk Telekom Arena, Nurol Life has been designed
capital ceiling of TRY 10 million and paid capital of TRY 1 by award-winning architect Hakan Kıran who has
million. In 1999, 49 percent of its shares was offered in an accomplished important projects in Turkey. With their
initial public offering and in February 2000, its capital was windows that can be opened, stone walls that breathe,
increased to TRY 5 million. The Company’s asset size reached their 4 metre-high ceilings and splendid forest view, the
TRY 1.581.008.870 as of 31 December 2015. The paid capital promise of the apartments in Nurol Life is life in a home
in 2015 is increased from 40 million TRY to 80 million TRY. that is both luxurious and spacious. The interior
Samim HATİPOĞLU architecture is a culmination of the work by the renowned
GENERAL MANAGER Nurol REIT’s portfolio includes Nurol Plaza in Maslak, which design office Autoban and has been executed using
is deemed as the finance and business center of Istanbul; premium materials of world famous construction
Nurol Residence which is one of the most luxurious housing brands. Nurol Life will have a total of 476 tower houses,
projects of Ankara; Karum Business and Shopping Center, 14 penthouses, 26 terrace houses, 50 offices. Nurol Life
Board Foundation Date : 1997 which is among major attraction centers of Ankara; and will be built as a tower of 50 stories and it will offer
M. Oğuz ÇARMIKLI Headquarters : İSTANBUL / TURKEY OASIS Shopping, Culture and Entertainment Center in different alternatives for living thanks to its apartments
Ceyda ÇARMIKLI KILIÇASLAN Number of Employees: 51 Bodrum, the center of Turkish tourism industry. Nurol REIT ranging from 62 sqm up to 294 sqm. The project will
Semih KAYAALP maintains its commitment in its industry with its new include different residence options from studio flat to
Kubilay UMUL investments in addition to its existing portfolio. 4+1 which satisfy the taste and needs of all kinds.
Numan KEPOĞLU
In 2011, Nurol REIT bought Yıldız Technical University land in With a firm commitment to its slogan of “Investing in
Mecidiyeköy, Şişli, owned by the Mass Housing Life”, Nurol REIT has taken its place among the leading
General Manager Project Management Director Marketing Director Administration paying for $70 million. Nurol Tower is now companies in its industry by producing value-added
Samim HATİPOĞLU Arzu ÖZER Aylin SÖNMEZER rising on this land of 7.000 sqm with a total investment of projects in terms of land-development, project-
Assistant General Manager / CFO Project Development Director Sales Director $140 million. Nurol Tower which is located at the designing, marketing and sales since the very beginning
Cemail BATUK Sena ERSOY Serhat GÜNGÖR intersection of the main roads in Mecidiyeköy, a of its operations.
major hub Istanbul, will become a multifunctional
Assistant General Manager / investment instrument with home, office and homeoffice
International & Commercial Property
Deniz ALP concepts bearing both the office and residence functions. NUROL REAL ESTATE INVESTMENT TRUST INC. (Thousand TL)
Another project of Nurol REIT is Nurol Park in Basın Ekspres,
Istanbul. The land with an area of 55.000 sqm which is commonly 2013 2014 2015
CONTACT INFORMATION known as Hürriyet Media Towers was purchased for $127,5 TOTAL ASSETS 840.484 1.138.343 1.581.008
Address : Büyükdere Cad. Nurol Plaza B million. The project is available for mixed use but it is mainly TOTAL EQUITY 52.549 20.956 55.290
Blok No: 257 3 floor Maslak - Sarıyer consisting of houses. At Nurol Park, there will be a total of 1.512 SALES INCOME 8.387 6.497 104.577
rd
34450 İSTANBUL / TURKEY houses available at various sizes suitable for different needs and EBITDA -13.631 -20.372 11.269
Telephone: +90 (212) 286 82 40 in three different concepts of low-floor ‘lofts’, ‘residences’ and
Fax : +90 (212) 285 99 56 ‘towers’. The project will also include shops in peysage on an area (1) Figures are calculated from the audited consolidated financial statements in accordance
with Capital Markets Board (CMB) regulations.
info@nurolgyo.com.tr (2) Sales from projects are not recorded as SALES INCOME and EBITDA until the
www.nurolgyo.com.tr of 43.200 sqm as well as an office block on an area of 22.000 sqm. completion of the projects and deeds are transferred to the buyers.
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