2of2_Portfolio_Investment Opportunities in Turkish Property Market_March 2016 Issue

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Transcript of 2of2_Portfolio_Investment Opportunities in Turkish Property Market_March 2016 Issue

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www.unapro.com.tr, [email protected]

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LIST OF PROPERTIES

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Id Headlines Area (m2) Type Classification City Town/District District

3 SOLD 225,090 land İstanbul Büyükçekmece Akçaburgaz

1 attractive location for residential develoment with short/mid-term return potential 21,264 land İstanbul Büyükçekmece Güzelce

2 very high return potential subject to further land development in a perfect location 45,420 land İstanbul Büyükçekmece Fatih

7 midterm high return opportunity in a high potential location 26,256 land İstanbul Silivri Gümüşyaka

5 short/mid-term return opportunity in a high potential perfect location 27,160 land İstanbul Silivri Kavaklı

4 short/mid-term return opportunity in a high potential perfect location 19,504 land İstanbul Silivri Kavaklı

6 short/mid-term return opportunity in a high potential perfect location 10,532 land İstanbul Silivri Çanta

10 4 separate lots next to each other, one with a villa perfect location for upscale development 10,874 land Kocaeli Darıca Bayramoğlu

8 a valuable piece of land in an industrial town in a very good location 9,495 land Tekirdağ Çerkezköy Veliköy

9 short/mid-term return opportunity in a high potential perfect location 499,887 land Tekirdağ Çorlu Yenice

11 best for low rise luxurious apartment or private enclave of 12 villas High return potential in short/midterm 8,065 land Bursa Mudanya106 A perfect Villa / Estate for multiple choice! Either invest and enjoy as it is or develop it for further gain 8,800 land & building residential villa Kocaeli Darıca -

107 most demanded area, highest returns, opportunity to expand for a brandmark mix-use development 3,600 land İstanbul Ataşehir Küçükbakkalköy

12 one of the best location for a mixed use development project! 22,870 land İstanbul Büyükçekmece Mimarsinan

13 one of the best location for a mixed use development project! 19,008 land İstanbul Esenyurt Zafer

31 a land with high mid-to-longterm return opportunity! 2,737 land İstanbul Pendik Kurna

31 a land with high mid-to-longterm return opportunity! 15,000 land İstanbul Pendik Kurna30 short/mid-term return opportunity in a high potential perfect location 28,554 land İstanbul Tuzla Tepeören

14 Perfect Location for a 5 Star Hotel Development! 46,322 land İstanbul Büyükçekmece Mimarsinan

15 Perfect Location for a Luxurious Resort Hotel Development! 54,360 land İstanbul Silivri Mimarsinan

16 a wonderful spot for health tourism facility! Sea,mountains,oxygen,hotsprings! 17,641 land Yalova Çınarcık

105 A hidden touristic gem! price & perfection all together! 225,000 land İzmir Karaburun Çatalkaya

104 SOLD 102,911 land İzmir Dikili Bademli

20 Good location for a Hotel with Convention & Exhibition Center 152,375 land Tekirdağ Çorlu Seymen

17 a key property with huge potential for a developer! Perfect location! 2,150 land & building İstanbul Kartal Soğanlık

18 for big players / developers! Located at one of the Europe's busiest financial & business district 2,664 land İstanbul Şişli Mecidiyeköy19 best commercial location for logistics center, retail trade or shopping center development 23,145 land Kocaeli Kartepe Uzunbey

29 midterm return opportunity in a high potential location 125,000 land İstanbul Tuzla Tepeören

29 midterm return opportunity in a high potential location 79,800 land İstanbul Tuzla Tepeören

32 midterm return opportunity in a high potential location 16,700 land İstanbul Silivri Fenerköy

33 short/mid-term return opportunity in a high potential location 45,000 land Kocaeli İzmit Akmeşe

34 midterm return opportunity in a high potential location 93,024 land Tekirdağ Çorlu Ahimehmet

103 short/mid-term return opportunity in a high potential perfect location 3,141,346 land Yalova Çiftlikköy -

102 a big piece of land in a high demand area expected to be zoned as residential soon! 86,000 land İstanbul Pendik Göçbeyli

101 SOLD 7,604 land Kocaeli Darıca -

35 perfect location for farming & agriculture. Huge mid-to-long term return potential 52,625 land Tekirdağ Çerkezköy Kızılpınar35 perfect location for farming & agriculture. Huge mid-to-long term return potential 111,750 land Tekirdağ Çerkezköy Kızılpınar

21 You wish this should be your office in istanbul! Locatıon, elegance, quality. In high demand. 1,698 building İstanbul Bakırköy Florya

22 for the ones who want to be in the game at rising Ataşehir district nearby to IFC 3,385 building İstanbul Ataşehir Küçükbakkalköy

36 Perfect beachfront location for midsize businesses! 720 building İstanbul Bakırköy -

24 positioned well next to hıghway good for company headquarter, suitable to convert private hospital or school 8,438 building İstanbul Sancaktepe Samandıra

26 about to complete whole commercial & office building for sale. Great location reasonable price! 4,908 building Bursa Nilüfer -

25 invest and operate as shopping center or convert it to health center or private college, university 15,105 building Kütahya Vefa

23 A property which land is now more valuable than the existing building! 2,200 land & building residential & commercial İstanbul Ataşehir Türkiş

28 retail/office/shop space in a newly built elite district. $50-60K rental income potential! Invest, rent, earn! 572 shops Bursa Balat -

28 retail/office/shop space in a newly built elite district. $50-60K rental income potential! Invest, rent, earn! 496 shops Bursa Balat -

27 retail/office/shop space in a newly built elite district. $50-60K rental income potential! Invest, rent, earn! 640 shops Bursa Balat -

27 retail/office/shop space in a newly built elite district. $50-60K rental income potential! Invest, rent, earn! 499 shops Bursa Balat -27 retail/office/shop space in a newly built elite district. $50-60K rental income potential! Invest, rent, earn! 525 shops Bursa Balat -

PROPERTIES LIST

residential

residential & commercial

commercial & tourism

shops

commercial

residential expected

farming & agricultural

office & commercial

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RESIDENTIAL - Lands & Building

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Id Headlines Area (m2) Type Classification City Town/District District

3 SOLD 225,090 land İstanbul Büyükçekmece Akçaburgaz

1 attractive location for residential develoment with short/mid-term return potential 21,264 land İstanbul Büyükçekmece Güzelce

2 very high return potential subject to further land development in a perfect location 45,420 land İstanbul Büyükçekmece Fatih

7 midterm high return opportunity in a high potential location 26,256 land İstanbul Silivri Gümüşyaka

5 short/mid-term return opportunity in a high potential perfect location 27,160 land İstanbul Silivri Kavaklı

4 short/mid-term return opportunity in a high potential perfect location 19,504 land İstanbul Silivri Kavaklı

6 short/mid-term return opportunity in a high potential perfect location 10,532 land İstanbul Silivri Çanta

10 4 separate lots next to each other, one with a villa perfect location for upscale development 10,874 land Kocaeli Darıca Bayramoğlu

8 a valuable piece of land in an industrial town in a very good location 9,495 land Tekirdağ Çerkezköy Veliköy

9 short/mid-term return opportunity in a high potential perfect location 499,887 land Tekirdağ Çorlu Yenice

11 best for low rise luxurious apartment or private enclave of 12 villas High return potential in short/midterm 8,065 land Bursa Mudanya106 A perfect Villa / Estate for multiple choice! Either invest and enjoy as it is or develop it for further gain 8,800 land & building residential villa Kocaeli Darıca -

residential

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106. Building - Residential - Exclusive Villa / Estate ~600m2 building on 8,800m2 Land @Kocaeli-Dar ca

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Features of Property • 8,800m2 Land comprises of 3 lots and a ~600m2 farmhouse/estate/villa on it • ~900m to shoreline • ~5km to Eskihisar –Topçular Ferry Terminal • ~15km to Izmit Bay Crossing Bridge • Very close to Istanbul border (~3km) 40mins to Istanbul Centre • Estate has a big size of land with featured landscaping including various fruit and

pine trees, tennis court, indoor sauna with pool & outdoor swimming pool (22mx6m heated) , horse barn, poultry barn and a small barn for sheep / goats for hobby farming, a servant house.

• Direct sea view with ecstatic sunset! • Entrance (1st ) floor: 1x huge living & gathering (majlis) room, 1x dining room, 2x

bedroom, 1x bathroom, 1x guest toilet, 1xmaid room with own bathroom • 2nd floor: 1 living & gathering (majlis) room, 1 master en-suite bedroom, 2

bedroom, 1 Bathroom, 1 sauna with Area is well known by having major businessmen summer villas, estates, farmhouses

• Basement floor: 1 heating system room, 1 water tank room, 1 storage room , 1 MEP Systems room

• Estate has permit and its own 2x artesian wells for clean water supply • Asking Price $2,235,000 ($254/m2 of land size or $3,725/m2 of villa size)

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Why should You invest in this property? • According to existing zoning plan land is categorized as agricultural/farm land

with 10% construction permit. Nevertheless, in 1-2 years time it is highly expected zone planning will upgrade status of region to residential with 40% construction permit. That means land will get total nett 3,520m2 building permit allowing on each

• Major Resort, Summer Villas, Estates Area for Upscale residents, • At one of the best junction of Northern Marmara-Istanbul and Southern region-

Yalova & Bursa, • Close to heavenly Sapanca Lake Area, • ~1.5-2hrs distance to Uluda Ski Center & Resort Area • This province is attracting more attention thanks to the yacht marina, highway

connections, Izmit Bay Bridge and Marmaray connected railway lines. It is estimated that the population of will increase from 160 thousand to 300 thousand. In order to ensure that, Zeytinlik agricultural zone will be opened to low-density construction.

• Rumors says that either himself or first degree relatives of United Arab Emirates Ruler has bought a 100,000m2 land in Darica in 1984.

• Turkey’s one of the biggest marinas, with a capacity of 2500 yachts, will be built in -Darica, Istanbul’s old summer resort area.

• Elit Group has begun the construction of a 5-star hotel on shore with an investment of 60 million dollars.

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Vision… Invest … • OPTION 1-Have your own superb mansion with ~200m2

extension and first grade restoration & renovation, enjoy it with your loved ones in a great location!

• OPTION 2-Wait 1-2 years till residential zoning received. Then, build 2-4 more luxurious residential villas (680m2-1360m2 each on 1,750-2,900m2 land) on other 2 parcels and sell $2,500- $3,000/m2 each with up to ~175%-275% ROI for sale option. In avg. 3 years duration with total investment and return that means avg. 20-40% capital appreciation per year! + You have your own villa free!

• OPTION 3-Do nothing. Keep the land. Enjoy avg. ~15 % capital gain annually for next 5 years! Sell double price after max. 5 years. ~200% ROI in 5 years.

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3. Land - Residential – 225,090m2 @Istanbul-Buyukçekmece-Akçaburgaz

• This single lot 225,090 m2 size of land In Büyükçekmece with the full view of Büyükçekmece lake and partly overlooking the Marmara Sea over an inclined hill

• a ‘not to miss’ opportunity for a potential luxurious/exclusive villa real estate investment project.

• Existing zoning plan of the land has ~27,000m2 residential ~3,000m2 commercial development permit.

• just ~1km far from E-80 motorway. Multiple connection roads of the area to the motorway is currently under construction to be complete in 2015.

• Mentioned land plot is surrounded by branded luxury exclusive villas and townhouse development projects each consists of high standards dwellings with ~5,000-10,000m2 land size and a ~1250-1500m2 GLA (Gross Buildable Area), exceedingly attracting local High Nett Income Individuals, European and Arab Investors from Gulf Region

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• Average Age of Properties on Sale in this neighborhood is ~6.2 years old,

• average size of the villas is around ~6.3+1.7 room, 621m2 with 2,242m2 garden size

• Average Sale Price is ~$1.498.023 which is ~$2,500/m2 • Actual Projects launching in the area currently like EMAAR

Toscana Orrizzonte, , Valle Lacus are demanding $3,500-$4,000/m2 turnkey sale price from prospective clients for bigger size exclusive villas

• There are very few single lot land available like this in Istanbul which easily might attract big developers

• Asking price $29,500,000 ($131/m2) • For such location, price is very cheap in comparison to other

equivalent (in terms of location and size) available lands

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Vision • OPTION 1 -You like class! Exclusivity! We believe a signature architecture

for ~750m2 size exclusive villas on ~5000m2 land supplied to market around $5000-$6000 /m2 can easily have demand. ~160% ROI in 2-3 years-avg. ! (~60% CAGR!)

• OPTION 2- You are an entrepreneur. You need high return in reasonable time. A project -similar to statistical average of existing developments- with 90 x luxurious 3 storey villas with ~350m2 nett size on ~2500m2 land can easily earn ~80% ROI in 2-3 years-avg. ! (~34% CAGR!)

• OPTION 3- You don’t like construction. It is messy.. Divide & conquer! You need reasonable return in short time. Buy land (~$131/m2 current rate) develop it partially in ~4000-5000/m2 lots and sell with ~$200/m2 current market rate . ~40% ROI in ~2 years (~19% CAGR)!

• OPTION 4- You are an environmentalist and go green! buy land ($131/m2 current rate), let someone cultivate it for you with beautiful sunflowers! It will be shelter for birds, animals sell it after 3-5 years with min. ~$400-$500/m2. ~85% ROI in ~5 years (~13% CAGR)!

Currently there is no another such size land available in such location with that price

Since no political instability is expected after all elections over, This property attracts major investors nowadays

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1. Land - Residential - 21,264m2@Istanbul-Büyükçekmece-Güzelce

• ~1300m from seaside• ~1000 m from E-5 (D-100) highway, located near

Villas.• Located in a district with high Infrastructure standards• away from the crowd and noise of the city.• Nice environment and mild climate• Possibility of sea view from upper floors• New transportation projects like Güzelce and Büyükçekmece

Marinas and subway line crossing to reach Silivri.• Enticing region for low rise mid to upper grade real estate

investment• Asking Price $9,750,000 ($375.2/m2)

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An architectural concept study for the best use of land like that ….

is estimated to have ~40% ROI for development of the project (in addition to capital gain of the land) of around ~13-15m$ total investment

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2. Land - Residential – 45,420m2 @Istanbul-Büyükçekmece-Fatih

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• Direct Seaview on an inclined hill, • Right next to E-5 Highway and metrobus station, • Istanbul Ataturk Airport is 15 minutes away, • TÜYAP Exhibition Center, shopping malls,

hospitals, schools, universities are within walking distance.

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• Land with a huge capital gain potential in mid-term,

• Possibility to further develop by working with local government, city planning department

• After further geotechnical investigation and proof of good geotechnical conditions or in condition of ground improvement permitted construction area might significantly increase and value shall increase

• Asking Price $22,500,000 ($495.4/m2)

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7. Land - Residential - 26,256m2 @Istanbul-Silivri-Gumusyaka

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• In one of the most demanded and high capital gain region of Silivri/Istanbul,

• Right next to D-100 highway • Close to the entrance of the Northern Marmara

Motorway connecting to 3rd Bosphorus Bridge, • 15 min. to Silivri downtown, • 1hr. -100 and TEM

highways, • At a distance of 40 min. to the 3rd airport under

construction

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Why you should invest in this property?

being • Just at the beginning of European side Northern Marmara

Motorway via 3rd Bosphorus bridge, • At the proximity to Istanbul Grand Airport, Istanbul’s 3rd

international Airport • far from hassle of the city Makes this land attractive to mid to long term investors • Asking Price $2,284,272 ($87/m2) Our advice invest now either build your own house or wait, price will get doubled in ~4 years max. that means 15-20% avg. annual capital gain.

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5. Land - Residential - 27,160m2 @Istanbul-Silivri-Kavakl

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• At a distance of 15 min. to Silivri downtown, • At a distance of 35 min. to (Atatürk Airport)

via D-100 and TEM highways, • At a distance of 30 min. to the 3rd airport under

construction, • Lot is nearby to Kavakli Town center • Neighborhood is covered by villas, farmhouses,

cottages, mansions by upper mid and upper class residents

• Asking Price $2,607,360 ($96/m2) • Invest now

– build your own summer house – Or keep the land maximum 3-5 years price will get doubled

that means 15-20% annual average capital gain.

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4- Land - Residential - 19,504m2 @Istanbul-Silivri-Kavakl

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about Silivri…

• Silivri District, on the European side, is located in the western part of the Istanbul peninsula. Neighbor with Büyükçekmece and Catalca in the east, and with Tekirdag at the West.

• one of Istanbul's first cottage areas with an easy access to North and Western Istanbul.

• A State Hospital, few Private University Campuses, and all major primary government institutions are located in the County,

• rare arable lands of Istanbul is abundant in Silivri and sounds very attractive to the ones who are interested in organic farming in the close proximity to central Istanbul

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• At a distance of 15 min. to Silivri downtown, • At a distance of 35 min. to (Atatürk Airport)

via D-100 and TEM highways, • At a distance of 30 min. to the 3rd airport under

construction, • Lot is nearby to Kavakli Town center • Neighborhood is covered by villas, farmhouses,

cottages, mansions by upper mid and upper class residents

• Asking Price 2,184,448 ($112/m2) • Invest now

– build your own summer house – Or keep the land maximum 3-5 years price will get doubled

that means 15-20% annual average capital gain.

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A view from parcel toward Kavakli town center..

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6. Land - Residential - 10,532m2 @Istanbul-Silivri-Çanta

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• In one of the most demanded and profitable region of Silivri/Istanbul,

• In the middle of 2 different state highways and at the entrance of the Northern Marmara Motorway connecting to 3rd Bosphorus Bridge,

• Property located on 2 parcels within the residential zoning area,

• At a distance of 15 min. to Silivri downtown, • At a distance of 45 min. to (Atatürk Airport)

via D-100 and TEM highways, • At a distance of 35 min. to the 3rd airport under

construction

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about Silivri…

• Silivri District, on the European side, is located in the western part of the Istanbul peninsula. Neighbor with Büyükçekmece and Catalca in the east, and with Tekirdag at the West.

• one of Istanbul's first cottage areas with an easy access to North and Western Istanbul.

• A State Hospital, few Private University Campuses, and all major primary government institutions are located in the County,

• rare arable lands of Istanbul is abundant in Silivri and sounds very attractive to the ones who are interested in organic farming in the close proximity to central Istanbul

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Why you should invest in this property?

being • Just at the beginning of European side Northern Marmara

Motorway via 3rd Bosphorus bridge, • At the proximity to Istanbul Grand Airport, Istanbul’s 3rd

international Airport • far from hassle of the city Makes this land attractive to mid to long term investors • Asking Price $2,232,784 ($212/m2) Our advice invest now build your own house or wait, price will get doubled maximum in 3-5 years that means 15-25% annual average capital gain.

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10. Land - Residential - 10,874m2 @Kocaeli-Dar ca-Bayramo lu

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• Land comprises of 4 separate lots • Lot 114/2 has an estate including two

buildings on it • Area is well known by having major

businessmen summer villas, estates, farmhouses

• Very close to Istanbul border (~3km) 40mins to Istanbul Centre

• ~5km to Eskihisar –Topçular Ferry Terminal • ~15km to Izmit Bay Crossing Bridge • This province is attracting more attention

thanks to the yacht marina, highway connections, Izmit Bay Bridge and Marmaray connected railway lines. It is estimated that the population of will increase from 160 thousand to 300 thousand. In order to ensure that, Zeytinlik agricultural zone will be opened to low-density construction.

• Rumors says that either himself or first degree relatives of United Arab Emirates Ruler has bought a 100,000m2 land in Darica in 1984.

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Turkey’s one of the biggest marinas, with a capacity of 2500 yachts, will be built in -Darica, Istanbul’s old summer resort area.

Elit Group has begun the construction of a 5-star hotel on shore with an investment of 60 million dollars.

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Why should You invest in this land? • Major Resort, Summer Villas, Estates Area for Upscale

residents, • At one of the best junction of Nothern Marmara-Istanbul

and Southern region-Yalova & Bursa, • Close to heavenly Sapanca Lake Area, • ~1.5-2hrs distance to Uluda • A land with upto 8,500-9,000m2 building permit! • Asking Price $5,000,000 ($460/m2) • Invest

– Build your own mansion – Build luxurious residential villas with up to ~90% ROI for sale

option – Do nothing. Keep the land. Enjoy avg. ~20-30% capital gain

annually for next 5 years!

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8. Land - Residential – 9,495m2 @Tekirda -Çerkezköy-Veliköy

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• To Organized Industrial Zone 4 km. • To Çorlu -Çerkezkoy Highway 2 km. • Çerkezköy - Istanbul Access Road 2.2 km • To Çerkezköy City center 7 km. • To Çorlu Center 18km • • To Istanbul Center 110km • Edirne - Istanbul high-speed train project, will improve

transportation to the district and increase land values. • Asking Price $3,562,500 ($375.2/m2)

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9. Land - Residential – 499,887m2 @Tekirda -Çorlu-Yenice

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• 1,5 km. to the Sea, • 1 km to Main Highway (E-5), • ~5 km to planned K - freeway (golden ring), • 1-1.5 hour to Airport, • 15 minutes to and Çorlu Town Center • Land is capable of 640 pieces of blocks which has

dimensions between 300m2-1,000m2 according to 1/1,000 scale Zoning Plan (1,600 m2 is reserved for social facility area, 1,600 m2 for commercial area and 2,500 m2 for religious facilities.)

• Proximity to main Highways (E-5 and TEM), Çorlu Airport, High-speed rail line extending to Europe

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Noteworthy Features of the Region..

• The Izmit Bay and Dardanelles Strait crossings will create a golden ring for the region. Connecting the top cities of the region within four (4 hours) at most. Part of the ring connecting -Çanakkale- section via Dardanelles Strait Crossing will positively affect land prices up on the region within next 3-5 years

• Plans for the decentralization of industrial zones in Istanbul and level it through Northern Marmara along a segment between around Tekirdag-Çorlu- -Gebze – Kocaeli even extending to Yalova (after completion of Bay Crossing) will result more accelerated change in the region. Çorlu will gain more importance and increased level of interaction with other cities around the sea of Marmara like Bursa, Yalova and Çanakkale.

• Being a connection gate between Trakya and in terms of location, logistics opportunities and economic relations makes Çorlu the most strategic and operationally important town in Trakya. The Project Golden Ring which will be performed around the Marmara Sea has the scale of 1/100.000 and will connect Çorlu to with the help of proposed connection routes between and Marmara .

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Vision:

• Asking Price $28,700,000 ($57.4/m2)• Invest now In 3-5 years time, price will increase min

100%. That means min. 15-20% avg. annual capitalgain potential.

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RESIDENTIAL&COMMERCIAL - Lands

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Id Headlines Area (m2) Type Classification City Town/District District

107 most demanded area, highest returns, opportunity to expand for a brandmark mix-use development 3,600 land İstanbul Ataşehir Küçükbakkalköy

12 one of the best location for a mixed use development project! 22,870 land İstanbul Büyükçekmece Mimarsinan

13 one of the best location for a mixed use development project! 19,008 land İstanbul Esenyurt Zafer

31 a land with high mid-to-longterm return opportunity! 2,737 land İstanbul Pendik Kurna

31 a land with high mid-to-longterm return opportunity! 15,000 land İstanbul Pendik Kurna30 short/mid-term return opportunity in a high potential perfect location 28,554 land İstanbul Tuzla Tepeören

residential & commercial

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107. Land-Mixed Use Residential & Commercial @Istanbul-Ata -Küçükbakkalköy 3,600m2

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Features of Property • Located on a very popular street in rising property star

• At the intersection of Merdivenköy Yolu and Tevfik Fikretstreets,

• ~400m to O-2 Freeway connection road, 1km to D-100(E-5)highway

• Just 2km to International Financial Center!• ~400m to Carrefour Shopping Mall, ~700m to Allianze

Tower, ~500m to Marriott Hotel, many upscale privatehospitals, gourmet restaurants around

• Possibility to buy nearby lots 2086 & 2088 to increase landsize upto 14,000m2

• Perfect spot for mixed use development project includingshopping center at ground and high rise residentialapartments

• Asking price $13.25 million ($3,690/m2)Investment Properties @Turkey 354/357

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Vision •Option 1- buy lot (3,600m2) develop 8000 m2 boutique residential project 4 units (500m2)/floor 16 storey apartment consisting of 40 units with 2,000m2 commercial space

Total Cost: $19 Million ($13.25m land + $5.6m construction) Sales:2,000m2x$7000+6,000m2x$1500=$25 million

ROI= ~30% (in 2 years) (14% CAGR / annual return) •Option 2- buy neighbor lots, total 14,000 m2 land. develop a brandmark mixed use project ~ 30,000 m2

Total Cost: $76.5 Million ($52m land + $24.5m construction) Sales:7,500m2x$10,000+22,750m2x$1,500=$109 million

ROI= ~42% (in 2 years) (19% CAGR / annual return) •Option 3- buy, wait 3-5 years, sell appreciated price

ROI= ~70% (in 5 years) (8-10% CAGR / annual return)

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About Ata stanbul International Financial Centre • International Financial Centre is a macro scale finance themed

Property Development Project directly orchestrated by Turkish Government via Major Contractors to attract major public and private finance and banking players providing support and direction to major Turkish commercial institutions & organizations together with international players which provides consultancy to International & Local Investors, Business owners. Purpose is to create synergy by bringing physically scattered those major institutions together. Central Bank, Regulatory Authority of Banking and other Major banks ( such as ZiraatBank, HalkBank, Vak fBank) which majority owned by public and EmlakGYO (REIT) are some of well-known tenants of the projects

• Project is going to conclude a whopping 4.2 million sqm. Office, residential, commercial, conference, hotel and carpark space to be occupied by above mentioned customers.

• Developing such project is not accidental; it is strategically aligned with the period when Turkey is rising amongst the ranks of countries attracting most foreign investment and FDIs . Project targets to create finance & banking hub or neighborhood to result more synergies.

• Construction of the Financial Center/District has started in 2009 and it is targeted to complete construction by late 2016.

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12. Land - Residential & Commercial 22,870m2 @Istanbul-Büyükçekmece-Mimarsinan

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remarkable features… • 250m from the beach, • very close to D100 highway, • Many prestigious branded residential housing projects around, • Shopping malls, markets, cafes, banks, schools and restaurants

in this area, • Unoccupied clear land for the construction, mildly sloped land

toward sea • Easy access to & from region by public transportation, • Direct sea view starting from ~1st floor, • Many higher education institutions in the region like Fatih

University, Beykent University, Arel University and Kadir Has University,

• A hospital right at next

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Vision…. • Site characteristics, volume and mix of pedestrian

traffic, population density is perfect for a profitable mixed use development project

• Current Zoning Plan allows 53,000m2 mixed use (42,000m2 residential & 4,000m2 commercial) area construction

• Attached concept foresees ~90% profit with current market rates and ~$72m total investment! (~49.5m land + ~$22.5m construction and other)

• Invest to earn ~90% ROI by developing it! • Asking Price $49,350,000 ($2,157.85/m2)

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13. Land - Residential & Commercial 19,008m2 @Istanbul-Esenyurt-Zafer

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Background Analysis… Istanbul’s growing population, mass migration from rural areas, scarcity of large single piece of lands in central parts have forced federal and local governments to act decisively to decentralize population and urban growth. In the past 15 years, satellite towns and major sites outside of central Istanbul have been formed for growth areas. In the late 1980s, Esenyurt has become an attractive location for real estate investment and development projects. The demand for the region has reached the highest level with the launch of the TEM link road. In this context, Beylikdüzü and Esenyurt Districts have become gravity centers where residential projects blossomed such as; Regnum Astrum Towers , Solar Kent , Emlak Bizimkent Evleri, Isthanbul Evleri, Ihlas Marmara Evleri, Modernist Fi –Tower and Innovia as well educational institutions such as; Okyanus Koleji, Fatih University, Beykent University and shopping malls such as; Migros , Real , Carrefour, Beylicium and Marmara Park took place.

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Outstanding features of the property..

• 2 km from E-5 (D 100) Highway. • 6.5 km from . • 7 km from Büyükçekmece. • Ataturk Airport is 17 km away. • TEM highway is 3 km and the Bosphorus Bridge is 49 km away. • Fatih Sultan Mehmet Bridge is 44 km away. • Zoning plan allows 10 to 12-storey residential apartments in the

vicinity of the property. It is a perfect location for a modern architecture mixed use residential & commercial condominium development project targeting upper-middle & upper income customer segment with all social, sporting and welfare facilities rising on a fantastic infrastructure.

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Investment Properties @Turkey 93/357

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A concept like above reflecting permitted construction area by zoning plan….

• Allows – ~42,500m2 residential area ( ~420 units) – ~15,200m2 leasable commercial area in total ~65,000m2 construction area

• By investing ~$41m for Land + ~$26m for construction etc. you gain potential to make a galloping ~$105m profit ~150% ROI with current market rates! Assuming 3 years time between overall investing and getting returns; 37% capital annual growth rate! If exist, it is rare in the world!!!

• Asking Price $40,950,000 ($2,154.36/m2)

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30. Land – Residential - 28,554m2 @ Istanbul-Tuzla-Tepeören

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Education

Residential

Commercial

Latest Zoning Plan

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Features of the Property • Land is located in Istanbul-Tuzla-Tepeören District. • Right next to Old Ankara Highway • ~2km to E-80 Highway, Sabiha Gökçen Int. Airport is just ~9km away • Approved Land Zoning Plan allows to develop Educational,

Residential and commercial facilities on the land • ~3-5% of the land should be allocated to the road passing through • Rising demand from the areas Gebze, for small and large

scale industries taking place in the immediate surroundings of the related parcel makes property value increasing.

• The development of Small & Medium Size Manufacturing Industry Coperation , -Turkish Electricity Distribution JSC and many other important industrial companies in the immediate vicinity of the plot are the positive factors driving property price up

• Asking Price for the property is $10,500,000 ($367.7/m2) Investment Properties @Turkey 238/357

Why should you invest in this property? • One of ‘Two Cities for and Europeaon side’ announced by President, Recep

Tayyip will be set up in Tuzla. This new city that will be built in the zone of Tuzla- - will be the center of attraction.

• Life, work, social life, education and health activities being designed together in an integrated way through the new city project which will be built on the area covering 2 million square meters including residences, apartments, hotel, home office, retail stores, office buildings, arts and cultural facilities, education campuses, hospitals and shopping centers. the inclusion of environmental friendly engineering and green architecture concepts such as reuse of rainwater by collectors and treated to be use for day to day use are important features of this new city

• Nearby (~9km away) Sabiha Gökçen Airport being made to serve 45 million passengers per year after the new runway is so put into service.

• The town of Tuzla, where 7 Universities currently operate in, the number will rise up to 11 with the addition of 4 more Universities that are pending approval from Higher Education Board.

• One of the Northern Marmara Motorway -linked to 3rd Bosphorus bridge- connection is ~2km away

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NewCity@Tuzla • Istanbul Growth Plan (2009) foresees horizontal growth.

That’s why several eastern and western districts were identified as growth centers,

• Tuzla NewCity planned to be set up on 2 million sqm is one of those growth centers,

• 1st stage of NewCity was kicked of on an area nearby to Sabiha Gökçen Airport on a piece of land sized ~260,000 m2 with a mixed use development project,

• Project will be connected Istanbul Metro Network, • Urban plan of area is complete. Architectural plans

developed by a german architectural firm ASP won the competition for the development,

• Apart from local contractors & investors, there are many international investors interested in investing the project

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Proximity of Tuzla NEWCITY Stage-1 to Airport

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About Tuzla.. • Tuzla, the town located far south side of Istanbul, is one of the

moderately populous towns of Turkey. Turkey’s largest shipyard and the only Formula 1 track are located in Tuzla. With a surface area of 86 km2 area, the town has 13 km length of coastline in the Marmara Sea.

• A large number of residential building projects are happening especially in south of the railway and so called the main Tuzla district. Where a portion of the construction was completed and opened to settlement, a large portion of residential construction is still ongoing. Currently, the empty plots in the form of field and land are the candidates for the same future.

• Drinking water, sewer system and a large part of other infrastructure of the town is complete. Large-scale treatment facilities takes place in Tuzla. Tuzla’s coastal side is fully developed. Many restaurants are located in the coastline of Tuzla. Especially, the visits of the enthusiasts in the summer times lead to a social vitality in the area. On the contrary to southern part, coastline of Tuzla, Northern side of it where our properties located will be the areas are expected to reach same level of growth and development in near future. This is another reason to invest in the area now.

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31. Land – Commercial & Residential Expected – 17,737m2 @Istanbul –Pendik – Kurna

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Features of the Property… • Location…Location…Location…. • Located in Pendik, one of the growth centers in Istanbul • Right next to E-80 Freeway • On the Opposite to Viaport Outlet Center • ~4km to Sabiha Gökçen Int. Airport • In ~7 km distance there are several 5-Star Hotels (Crowne

Plaza, GreenPark, Miracle, Radisson Blu, Double Tree by Hilton)

• There are many branded residential projects in the region and many ongoing projects by well known contractors Such as Dumankaya, FiYapi, Teknik Yapi,DAP Yapi

• Asking Price for this Property is $3,000/m2 – Parcel 1-2,737m2- $8,211,000 – Parcel 2-15,000m2 - $45,000,000

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TOURISM & COMMERCIAL - Lands

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Id Headlines Area (m2) Type Classification City Town/District District

14 Perfect Location for a 5 Star Hotel Development! 46,322 land İstanbul Büyükçekmece Mimarsinan

15 Perfect Location for a Luxurious Resort Hotel Development! 54,360 land İstanbul Silivri Mimarsinan

16 a wonderful spot for health tourism facility! Sea,mountains,oxygen,hotsprings! 17,641 land Yalova Çınarcık

105 A hidden touristic gem! price & perfection all together! 225,000 land İzmir Karaburun Çatalkaya

104 SOLD 102,911 land İzmir Dikili Bademli

20 Good location for a Hotel with Convention & Exhibition Center 152,375 land Tekirdağ Çorlu Seymen

17 a key property with huge potential for a developer! Perfect location! 2,150 land & building İstanbul Kartal Soğanlık

18 for big players / developers! Located at one of the Europe's busiest financial & business district 2,664 land İstanbul Şişli Mecidiyeköy19 best commercial location for logistics center, retail trade or shopping center development 23,145 land Kocaeli Kartepe Uzunbey

commercial & tourism

commercial

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14. Land -Tourism – 46,322m2 @Istanbul-Büyükçekmece-Mimarsinan

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Outstanding features of the property..

• 4 km from E-5 (D 100) Highway. • 7 km from Büyükçekmece town centre • Ataturk International Airport is ~30mins away. • 50 km to Bosphorus Bridge • Current state of property is in its basic condition, naked land and open to

develop to carry out geotechnical investigations and liaise with local government and authorities to extract more value and increase investment potential of the land.

• Existing zoning plan states property as tourism zone which allows to build hotel, resort, holiday village etc.

• Under current conditions size (Gross Building Area) of any touristic hotel would be around ~14,000m2.

• Asking Price $46,322,000 ($1000/m2)

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A concept in its simplest way…..

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Vision…. • Option 1: Develop

Site characteristics, size and location is perfect for a profitable mixed use development project similar to Madinat Jumeirah in Dubai including a marina with 200-300 berths, a 5-6 star resort hotel (one&only?..), a world class spa (Henri Chenot ?...), boutique restaurants (Celler de Can Roca, Osteria Francescana, The Ledbury?..) cafes. Bringing class and high value brands will automatically extract more and more value from the property and increase ROI on cost of investment on property

• A property in a perfect location with high potential of more and more appreciation and annual capital gain.

• A complicated property to make a calculation of ROI… It all depends on your vision and imagination..

• Invest $1000/m2 to have all the potential! • Option 2: invest & do nothing! Min. avg. 15% capital gain due to market

appreciation • Option 3: invest, develop the land, extract more value (geotechnical

investigation, ground improvement –if required, increase buildable area) increase value of your property and sell it with a premium!

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15. Land -Tourism – 54,360m2 @Istanbul-Silivri-Mimarsinan

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Site Features

• ~5 mins drive to Silivri Town Center • ~500m away from D100 (E-5) Highway • ~9km from Northern Motorway (under construction) connection • 25 km to Çorlu Airport • 35 km to 3rd Istanbul Grand Airport • 60 km to Atatürk Int. Airport • 76km to Istanbul Old City • An exclusive location surrounded with elite development projects such

as beach villas, estates, residences

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Outstanding Features of the Property...

• 54,363m2 nett land size for development classified as Tourism Zone

• allowed ~10,000 m2 building footprint area, up to ~50,000m2 area buildable area permit for max. 5 storey for a 5-Star Hotel Building

• All infrastructure is at the property border • ~400m shore line with natural beach • Perfect location for Marina • Perfect location for water sports

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About Silivri… • Istanbul’s second largest town in terms of its land size with current

population around 170,000 • Owns one of the Istanbul’s longest shoreline, ~49km • close to major land, sea and air transport centers, • Very convenient for organic farming / agriculture with big size high grade

arable land and a very convenient climate and rainfall statistics, • very close to highly industrialized zones of Çorlu, Çerkezköy, Lüleburgaz, • It is on the way of all year round fresh, full oxygen air currents sourcing

from ~300 km long Istranca Mountains parallel to Black Sea, • In terms of abundancy of oxygen in the air, One of the best location for

Asthma and other Respiratory System Patients together with Yalova--Armutlu region,

• High education rate (5-6 university campuses in the region) • High Infrastructure standards, • Well established & executed urban development standards, • Chosen as a high quality living residential area by high net income

individuals seeking exclusivity, • Well established hospitality culture, availability of resources for Tourism

industry

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Why should you invest in Silivri Region?.. • Proximity to all major motorways transport routes airports, seaports • Nearby connection to Northern Marmara Motorway under construction, • It is on Golden Motorway Ring of Marmara region (Istanbul-Tekirda -Çanakkale-

-Bursa-Yalova –Kocaeli-Istanbul)– max. travelling time 4hrs on the ring • Planned as one of the major growth centers in Istanbul Urban Development Plan

(1/100 000) published in 2009 targeting 2023 (100th Year anniversary of establishing Republic of Modern Turkey)

• It was identified and planned as the highest growing region of Istanbul, reaching a population of total 1.5m by 2023! (550,000 is estimated to be working population by then),

• New cities, residential districts shall be built, • Istanbul’s 4th airport is planned to be built in the region somewhere near to one

of Silivri’s provinces, Kad ~20km • Planned seaport, lightweight railway system for public transport and 2x logistics

centers, 1x racecourse are some important features of Istanbul Urban Development Plan

• There are many demand supporting factors in the region such as increasing population, high level of education, branded developments, quality residences, high nett income settlers, readiness of infrastructure, growth supported by local & federal government, suitable land etc.

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Sunflower Villas

Land -Tourism – 54,360m2 @Istanbul-Silivri-Mimarsinan

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Klasis Resort Hotel

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Vision… • Option 1: Invest in Land Property and Develop a 5-Star Hotel!

Site characteristics, size and location is perfect for a lucrative 5-Star destination Resort Hotel (Aman Resorts, Fairmont Resorts, Belmond, Banyan Tree, Mandarin Oriental, Jumeirah, Taj Hotel & Resorts, ?..) development project positioning in Luxurious Leisure, Congress & Meeting Hotels Segment including a marina with ~200 berths, a 5 star hotel, a world class spa (Dior Institut, Joëlle Ciocco, Givenchy Spa, Daniela Steiner Beauty Spa, Spa by Clarins, Guerlain Spa?...), boutique restaurants (Celler de Can Roca, Osteria Francescana, The Ledbury?..) cafes. Bringing class and high value brands will automatically extract more and more value from the property and increase ROI on cost of investment on property

• A property in a perfect location with high potential of more and more appreciation and annual capital gain.

• A complicated property to make a calculation of ROI… It all depends on your vision and imagination..

• Invest to have all the potential! • Option 2: Invest & do nothing! Minimum avg. 15% annual capital gain due to

market appreciation. Doubled Market Value in max. 5 years time. Possibility to hit Market Value ~ $1500-$2000/m2 in ~8-10 years time

• Asking Price $48,518,977.5 ($892.5/m2)

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Why should you invest in this property? • Huge appreciation and high average annual capital gain (15-20%)

potential, • Located in such an region which is going to be a rising star of Istanbul

Property Market – already signs of take off visible-and preferred location for all year round living for high net worth individuals who looks for class and exclusivity

• conditions of value appreciation exists such as complete infrastructure, living region of choice, nearby major shopping mall, proximity to major transportation arteries, planned seaport and 4th airport–ease of moving!- one of Turkey’s biggest racecourse –fun!- mild climate, clean air with high level of oxygen, opportunity of living organic & healthy, beautiful environment and surrounding area

• Announced to be a growth center by Istanbul Urban Development Plan and supported by all means

• Expected residents population to increase to 1.5 million from existing ~160 thousands , tourist population expected to increase to ~3-3.5 million from existing ~1 million during summer season

• New planned major residential areas are now at early stages of development

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Why should you invest this property to develop a 5-Star Hotel & Resort?

• Best seaside location for such Hotel & Resort concept development,

• Shortage of similar 5 Star hotels when considering increasing record number of local & international tourists visiting Istanbul ,

• Increasing number of tourists visiting Silivri, • Increasing upscale image and brand of Silivri as a

destination for living and vacation

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16. Land -Tourism – 17,641m2 @Yalova-Ç narc k

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-Yalova, Bursa Region… • The fastest growing region in terms of attracting foreign investment for

property: – property sales to foreign investors grown ~5.5 times to ~2000 transaction

/year combined with Bursa since January 2013 – Total share in overall property sales in Turkey to foreign investors has tripled

to 15% • Typical mild Mediterranean climate features; not very hot summer,

moderate winter • Fascinating nature and flora ( one of the richest endemic region in the

world due to size and variety) • One of the richest oxygen producing spots on the world thanks to rich &

unique flora of Kaz Mountains and unique air currents. International recognition and recommendation to asthma and other respiratory disease patients,

• World famous hot springs areas (Termal & Armutlu) for treatment of many illnesses ; nerve system to skin, rheumatism , gastro-intestinal system, gynaecological, heart & artery diseases ,and obesity. Chemistry & Physical Properties of Hot springs are superior to the ones existing in Europe.

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About -Yalova, Bursa Region… • around ~210-240 days long health tourism season. • A region with historical significance for the one who are

interested in Ottoman History and Islamic Culture as Bursa was once the first capital of Ottoman Empire before Istanbul .

• Proximity to other major touristic destinations such as Ski & Resort Center, Aegean shoreline packed with numerous B.C. Ancient Greek and Roman sites

• Availability of both Land & Sea transportation means to Istanbul. • Daily Ferries to istanbul • ~1-1.5hr reduced travelling time to Istanbul after opening of

Bay Crossing Bridge in March 2016, . • Relatively lower property price availing in comparison to

Istanbul

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Remarkable features of the Property • ~2km to sea, 7km to Termal Hot Springs, 14km to Yalova,

75km to Istanbul Sabiha Gokçen Int. Airport, 78km to Bursa Town Center, 120km to Ski Center

• Having both sea & wonderful mountain view • Possibility to bring hot springs via pipeline • Tourism zoned Land allowing any kind of touristic facility

such as hotel, timeshared apartments with current total buildable area permit up to ~34,000m2 with possibility to increase up to expected ~50,000m2 (due to ongoing zoning upgrade study at the region)

• A tranquil location for recuperation at one side beautiful sea view at the other side majestic mountain view close to all centers of attraction such as Termal, Yalova, Bursa, Istanbul

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Vision • Invest in land $7.1m (~$402.5/m2) • Option 1: Develop a 5-Star Hotel serviced by specialized Doctors,

Dieticians, healthcare personnel specialized in Beauty & Health Tourism with hot springs spa pools, zen gardens targeting segment who are after staying young, beautiful, maintaining better health, in need of supportive & natural treatment of diseases

• Option 2: Develop a timeshared apartment complex – 160 no.s of 1+1 ~85m2 Units for time shared (30 yrs) sale ~$12,000 /

2-weeks in a year each and 90 no.s of 2+1- ~110m2 Units for time shared sale ~14,000/2-weeks in a year.

Avg. Total Investment Period:~1 yr, Avg. Total return period:~3yrs . Expected ROI: ~120% Avg. Annual Return: ~30%

• Option 3: invest in land, do nothing. Enjoy min. avg ~15% annual capital gain (i.e. price will get doubled in 5 yrs time) resulting from market appreciation

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An Architectural Concept for Option 1 or 2 might look like..

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105. Land - Tourism & Residential & Commercial – 225,000m2 @ Izmir-Karaburun-Çatalkaya

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features of property - I • Property is located on Karaburun Peninsula near to

district of Karaburun in Izmir close to very popular tourist destinations such as (~45km), (~40km).

• 75km to Town Center, 82 km to Int. Airport • Area is one of the hidden treasures in Turkish Riviera not

much discovered by masses but very much known amongst locals by it is beauty

• Property has special zoning permit divided land into – Tourism preferred residential zone (72,658m2), – Touristic Facility Zone (94,548m2), – Excursion Tourism Facility Zone (46,425m2) – Commercial Facility Zone (6,446m2), – Administrative Facility Zone (4,476m2)

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Features of Property - II • According to zoning plan Total 46,304.85m2

construction area allowed in following way:

TYPE of ZONE LAND AREA (m2)

Permitted Construction Ratio

(KAKS), hmax

Construction Area (m2) -Allowed NETT

Residential 72,658 m2 0.30 ; hmax= 6.5m 21,797 m2

Tourism Facility 94,548 m2 0.20 ; hmax= 6.5m 18,910 m2

Excursion Tourism Facility 46,425 m2 0.05 ; hmax= 4.5m 2,321 m2

Commercial Facility 6,446 m2 0.30 ; hmax= 6.5m 1,934 m2

Administrative & Infrastructure 4,476 m2 0.30 ; hmax= 6.5m 1,343 m2

TOTAL 224,553 m2 46,305 m2

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Proposed Concept

• Residential & Touristic (Resort Hotel) Facilities 39,465 m2

• Administrative Buildings 1,400m2 • Commercial Shops, Retail Stores 2,000m2 • Spa 550m2 • Restaurant 600m2 • Diving Center & Sailing Club 200m2 • Kids Club & Game Garden • Swimming Pools

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Vision… • Asking Price €16,875,000 (€75/m2) Invest in Land • OPTION 1: develop a 5-Star Resort Hotel!

Site characteristics, size and location is perfect for a world class 5-Star destination Resort Hotel (Aman Resorts, Fairmont Resorts, Belmond, Banyan Tree, Mandarin Oriental, Jumeirah, Taj Hotel & Resorts, ?..) development project positioning in Luxurious Leisure Hotel Segment including a descent size marina with ~200 berths, a 5 star hotel, a world class spa (Dior Institut, Joëlle Ciocco, Givenchy Spa, Daniela Steiner Beauty Spa, Spa by Clarins, Guerlain Spa?...), boutique restaurants (Celler de Can Roca, Osteria Francescana, The Ledbury?..) cafes. Bringing class and high value brands will automatically extract more and more value from the property and increase ROI on cost of investment on property

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Vision…

• A complicated property to make a calculation of ROI… It all depends on your vision and imagination..

• Invest to have all the potential!

• OPTION 2: Invest in Land & do nothing! Izmir is planned to be second istanbul in order to maintain economic growth of Turkey. Current – freeway which

Bay Crossing Bridge is part of that vision. Expected Minimum avg. 10% annual capital gain due to market appreciation. Doubled Market Value in max. 7-8 years time.

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Option 1-Feasibility…

• In Touristic Facility Zone; either for Time-Shared or for Managed Hotel Apartments – 36 Apartments (60 - 90m2 sizes) – 168 Villas (70-240m2)

In total area of 25,600m2 • In Residential zone;

Either for sale or for rent – 100 Apartments (60-90m2) – 173 Villas (70-240m2)

Makes total 477 independent sellable/leasable units with 54,209m2

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Option 1-Feasibility…

Costs= Land + Construction & all costs (net present value) Income= Sales & Lease(net present value)

Costs = €16.875m+54,209m2x$1,000/m2 (all costs) = $18.5m+$54.5m=$73m

Income =54,209mx $2500/m2 = $135.5 • ROI=Income/Cost ROI=86% over ~5 years time between average

total investment made and average total income received • average annual return 13% per year

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18. Land - Commercial – 2,664m2 @Istanbul- i li-Mecidiyeköy

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Features of Property • Located in the commercial & financial heart of Istanbul • ~1.5km to Levent-Maslak Business Center Zone, ~3km to

Bosphorus Bridge, ~5km to Taksim, ~6km to Fatih Sultan Mehmet Bridge, ~9km to Old-City , 22 km to Atatürk Int. Airport

• Zoned as Commercial Land, with current permits land allows upto 10,000 m2. There are existing low rise buildings on land.

• It worths to develop a high rise building, considering the location and value of the land

• It is on sale for $85million ($31,906/m2) • An architectural concept study developed for the land looks

like as following

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17. Land - Commercial – 2,150m2 @Istanbul-Kartal-So anl k

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This is the key to open ~30,000m2 Area of Attractive Real Estate Possibilities…

• Lots offered are total 2,150m2 part of whole ~30,000m2 island consists of old commercial buildings in varying sizes, storeys with various owners… However They are willing to be part of a transformation project ending up with modern buildings, commercial spaces, possibly residential towers

• Location..Location…Location..At the intersection of D-100(E-5) Highway Samandira-Kartal Connection, on very popular E-5 highway corridor in Kartal which is chosen one of the growth centers in latest Istanbul Urban Development Plan-2009

• Valuable location with huge potential to develop for almost guaranteed growth

• 2150 m2 Land comes with a 2200m2 two storey commercial building with a modest rental income

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Vision… • ~30,000m2 land after combining all lots owned by various

users in condition to have a Construction Agreement on ‘Flat for Land’ basis -without paying for cost of land but paying for cost of construction- a total estimated building area of 120,000m2 area can be developed. Current prevailing market rates for sale of such mixed use development project in this area is ~$3500/m2. An expected ROI would be around ~105% with ~27% avg. annual development project return rate in 3-5 years development & sale cycle

• Start investing whole world of possibilities in this valuable ~30,000m2 island by investing $6m (~$2800/m2) for this 2,145m2 size piece of land

• Let us support you in such development process!

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19. Land - Commercial - 23,145m2 @Kocaeli-Kartepe-Uzunbey

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Features of Property… • Land is on same parcel with Metro Grossmarket -right behind of

it- next to D-100 (E-5) Highway • Direct ingress & egress from D-100 Highway • Perfectly located on a commercial & industrial zone with

important commercial & industrial facilities nearby • ~5km to Izmit Town Center • Izmit is located in the Eastern part of Marmara region and

Marmara Sea, on the connection hub of Asia to Europe. It is surrounded by Black Sea in the north, Sakarya in the east; Bursa in the south and Yalova and Istanbul in the West.

• Izmit region is one of the most advanced commercial & industrial zone in Turkey with rich access to highway, railway, seaway and airway connections.

• It is a strategic location for marine transportation with 5 state ports and 43 private docks.

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Vision • Upto 68,000 Buildable Area Permit on 23,145m2

land • Perfect location for a logistics center, Retail Trade

or a shopping center • Invest in Land $22 million ($950.5/m2) • Option 1: develop a logistics center, Retail Trade or

a shopping center • Option 2: do nothing, current market trends and

property appreciation in 2-3 years will bring you 30-45% income in case of sale. That means 9-13% compounded annual growth rate.

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20. Land - Social & Cultural Facilities – 152,375m2 @Tekirda -Çorlu-Seymen

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About Çorlu... • In last 15-20 years Çorlu become one of the major industrialized region in Turkey.

Plans for the decentralization of industrial zones in Istanbul and level it through Northern Marmara along a segment between around Tekirdag-Çorlu- -Gebze – Kocaeli even extending to Yalova (after completion of Bay Crossing) are currently resulting more accelerated change in Çorlu. Inevitably, Çorlu has gained more importance and increased level of interaction with other cities around the sea of Marmara like Bursa, Yalova and Çanakkale.

• Being a connection gate between Trakya and in terms of location, logistics opportunities and economic relations makes Çorlu the most strategic and operationally important town in Trakya. The Project of Golden Ring which will be around the Marmara Sea will improve Çorlu- connection in a faster route than existing D-100 highway.

• The Izmit Bay and Dardanelles Strait crossings will create a golden ring for the region. Connecting the top cities of the region within four (4 hours) at most. Part of the ring connecting -Çanakkale- section via Dardanelles Strait Crossing will positively affect land prices up on the region within next 3-5 years

• Due to high industrialization level, region received high migration from rural areas and increasing working population fueled the growth and made Çorlu one of the highest growing region in Turkey.

• Çorlu International Airport has capacity to handle major cargo planes and International flights. That’s way It is expected, Çorlu Airport will take some of Atatürk International Airport heavy air traffic load

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Features of the Property... • 3km to Çorlu International & Cargo Airport, • 10km to Çorlu Town Center, 36 km to Tek town center, 106 km to

Istanbul, 130 km to Edirne and 115 km to . • It is closer to Istanbul compared to other provinces. Corlu is located

opposite the airport. Being close to the airport is an important factor for international exhibitions particularly. This is the most important advantage compared to and locations in neighboring provinces.

• Proximity of Land to International Çorlu Airport which is planned to serve as an airline cargo base for and proximity to 5-star Silverside Hotel located right next to the land makes this piece of land valuable and worth for investment.

• Existing Urban Zoning Plan classifies land as “ Social & Cultural Facility Zone” which might make investors to consider land to be developed as a ‘Congress & Exhibition Centre’

• Existing permit allows to 110,000m2 total buildable are • Asking price for the land is around $150/m2 or ~$22.85million for whole

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FARMING/AGRICULTURAL (Residential Expected)- Lands

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Id Headlines Area (m2) Type Classification City Town/District District

29 midterm return opportunity in a high potential location 125,000 land İstanbul Tuzla Tepeören

29 midterm return opportunity in a high potential location 79,800 land İstanbul Tuzla Tepeören

32 midterm return opportunity in a high potential location 16,700 land İstanbul Silivri Fenerköy

33 short/mid-term return opportunity in a high potential location 45,000 land Kocaeli İzmit Akmeşe

34 midterm return opportunity in a high potential location 93,024 land Tekirdağ Çorlu Ahimehmet

103 short/mid-term return opportunity in a high potential perfect location 3,141,346 land Yalova Çiftlikköy -

102 a big piece of land in a high demand area expected to be zoned as residential soon! 86,000 land İstanbul Pendik Göçbeyli

101 SOLD 7,604 land Kocaeli Darıca -

35 perfect location for farming & agriculture. Huge mid-to-long term return potential 52,625 land Tekirdağ Çerkezköy Kızılpınar35 perfect location for farming & agriculture. Huge mid-to-long term return potential 111,750 land Tekirdağ Çerkezköy Kızılpınar

residential expected

farming & agricultural

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29. Land – Residential - 205,000m2 @ Istanbul-Tuzla-Tepeören

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Features of the Property • Land is located in Istanbul-Tuzla-Tepeören District. • very close to the Istanbul Park Formula track. • ~6km to E-80 Highway, Sabiha Gökçen Int. Airport is just ~10km

away • Rising demand from the areas Gebze, for small and

large scale industries taking place in the immediate surroundings of the related parcel makes property value increasing.

• The development of Small & Medium Size Manufacturing Industry Coperation , -Turkish Electricity Distribution JSC and many other important industrial companies in the immediate vicinity of the plot are the positive factors driving property price up

• Asking Price for those two big plots of land is $150/m2. Namely, – Parcel 1238 (125,000m2) $18,750,000 – Parcel 1232 (79,800m2) $11,970,000

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Why should you invest in this property? • One of ‘Two Cities for and Europeaon side’ announced by President,

Recep Tayyip will be set up in Tuzla. This new city that will be built in the zone of Tuzla- - will be the center of attraction.

• Life, work, social life, education and health activities being designed together in an integrated way through the new city project which will be built on the area covering 2 million square meters including residences, apartments, hotel, home office, retail stores, office buildings, arts and cultural facilities, education campuses, hospitals and shopping centers. the inclusion of environmental friendly engineering and green architecture concepts such as reuse of rainwater by collectors and treated to be use for day to day use are important features of this new city

• Nearby (~10km away) Sabiha Gökçen Airport being made to serve 45 million passengers per year after the new runway is so put into service.

• The town of Tuzla, where 7 Universities currently operate in, the number will rise up to 11 with the addition of 4 more Universities that are pending approval from Higher Education Board.

• One of the Northern Marmara Motorway -linked to 3rd Bosphorus bridge- connection is ~3km away

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NewCity@Tuzla • Istanbul Growth Plan (2009) foresees horizontal growth.

That’s why several eastern and western districts were identified as growth centers,

• Tuzla NewCity planned to be set up on 2 million sqm is one of those growth centers,

• 1st stage of NewCity was kicked of on an area nearby to Sabiha Gökçen Airport on a piece of land sized ~260,000 m2 with a mixed use development project,

• Project will be connected Istanbul Metro Network, • Urban plan of area is complete. Architectural plans

developed by a german architectural firm ASP won the competition for the development,

• Apart from local contractors & investors, there are many international investors interested in investing the project

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About Tuzla.. • Tuzla, the town located far south side of Istanbul, is one of the

moderately populous towns of Turkey. Turkey’s largest shipyard and the only Formula 1 track are located in Tuzla. With a surface area of 86 km2 area, the town has 13 km length of coastline in the Marmara Sea.

• A large number of residential building projects are happening especially in south of the railway line and so called the main Tuzla district. Where a portion of them are complete and opened to settlement, rest is still ongoing. Currently, the empty plots in the form of field and land are the candidates for the same future.

• Drinking water, sewer system and a large part of other infrastructure of the town is complete. Large-scale treatment facilities takes place in Tuzla. Tuzla’s coastal side is fully developed. Many restaurants are located in the coastline of Tuzla. Especially, the visits of the enthusiasts in the summer times lead to a social vitality in the area. On the contrary to southern part, coastline of Tuzla, Northern side of it where our properties located will be the areas are expected to reach same level of growth and development in near future. This is another reason to invest in the area now.

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32. Land – Farming & Agricultural & Limited Residential 16,700m2 @ Istanbul – Silivri- Fenerköy

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About Silivri… • Istanbul’s second largest town in terms of its land size with current

population around 170,000 • Owns one of the Istanbul’s longest shoreline, ~49km • close to major land, sea and air transport centers, • Very convenient for organic farming / agriculture with big size high grade

arable land and a very convenient climate and rainfall statistics, • very close to highly industrialized zones of Çorlu, Çerkezköy, Lüleburgaz, • It is on the way of all year round fresh, full oxygen air currents sourcing

from ~300 km long Istranca Mountains parallel to Black Sea, • In terms of abundancy of oxygen in the air, One of the best location for

Asthma and other Respiratory System Patients together with Yalova--Armutlu region,

• High education rate (5-6 university campuses in the region) • High Infrastructure standards, • Well established & executed urban development standards, • Chosen as a high quality living residential area by high net income

individuals seeking exclusivity, • Well established hospitality culture, availability of resources for Tourism

industry

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Why should you invest in Silivri Region?-I

• Proximity to all major motorways transport routes airports, seaports

• Nearby connection to Northern Marmara Motorway under construction,

• It is on Golden Motorway Ring of Marmara region (Istanbul-Tekirda -Çanakkale- -Bursa-Yalova–Kocaeli-Istanbul) – max. travelling time 4hrs on the ring

• Planned as one of the major growth centers in Istanbul Urban Development Plan (1/100 000) published in 2009 targeting 2023 (100th Year anniversary of establishing Republic of Modern Turkey)

• It was identified and planned as the highest growing region of Istanbul, reaching a population of total 1.5m by 2023! (550,000 is estimated to be working population by then),

• New cities, residential districts shall be built,

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Why should you invest in Silivri Region?-II

• Istanbul’s 4th airport is planned to be built in the region somewhere near to one of Silivri’s provinces, ! ~20km

• Planned seaport, lightweight railway system for public transport and 2x logistics centers, 1x racecourse are some important features of Istanbul Urban Development Plan

• There are many demand supporting factors in the region such as increasing population, high level of education, branded developments, quality residences, high nett income settlers, readiness of infrastructure, growth supported by local & federal government, suitable land etc.

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Why should you invest in this property?

• ~8km to the planned 4th Airport Site around -Silivri district, ~10km to Silivri Town Center, ~40km to 3rd Int. Airport Istanbul Grand Airport currently under construction planned to open by 2016, ~70km to Atatürk Int. Airport,

• Land is just ~1km close to the planned Northern Marmara Motorway of which early stage segments’ are being constructed as 3rd ring road on/around the Istanbul

• Although, Actual zoning of the land is Land for farming & agriculture, Surrounding Area including the property has been shown area for potential residential for chosen growth center

• Asking Price $479,000 ($29/m2) • It is obvious zoning of the land will be changed to min. residential status

due to above mentioned. But critical question is when? We estimate this period around ~4-5years. Nevertheless when change happens price of the land will be min. ~$100/m2

• That means 345% ROI in 5 years with average annual 28% return rate.

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33. Land – Farming & Agricultural & Limited Residential – 45,000m2 @ Kocaeli – zmit – Akme e

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features of the property…

• This property is a piece of natural beauty amidst lush greenery, small hills, small lakes, farmlands conquered by wild flowers and bees..

• It is 13-15 km far from Sakarya, Adapazari Town Centers and almost same distance to Sapanca Lake, and ~100km to Istanbul border, ~28-32km to both Marmara Sea on the west and Black Sea on the north..

• In ~4km radius there are 7 villages as the nearest one is Korucuk ~800m away which was opened to several summer house residential project

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why should you invest in this property? • Land Zoning is primarily for farming & agricultural use with

limited residential building allowed. It is a perfect spot for a farmhouse either for organic farming or horse farming

• 414km long Northern Marmara Freeway goes parallel with D-100 Freeway way starting from 3rd Bosphorus bridge location and emerges with D-100 somehere in Kizilcikorman Village, ~10km Before Hendek Town. While gettting that direction freeway passes around ~1km distance from our property in the south

• Additionally, Due to its proximity to Korucuk, and having 5 storey apartments in ~500m to the property, in mid-future (3-5 years time) it is very likely this land might have residential zoning and permit and its value doubled minimum (tripled expected). In worst case scenario, That means ROI in 5 years 200% and average annual return will be min. ~15% and in best case scenario, it might go up to 25% for 5 years duration!

• Asking price for the property is $2,250,000 ($50/m2)

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34. Land – Farming & Agricultural – 93,024m2 @Tekirda -Çorlu-Ahimehmet

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features of the property • Located almost in the gravity center of three major industrial

towns Çorlu (~23km) and Lüleburgaz(~30km) and Çerkezköy(~30km) Surrounded by D-100 highway (~1.5km) , E-80 Freeway (~7km), Çerkezköy-Çorlu highway (~1km) and High Speed Railway line (~2km)

• Property consists of 13 separate parcels existing on the area bounded by above mentioned highways

• ~8km to nearest High Speew Railway Station at B . ~130km to Istanbul.

• There are many major manufacturing/production facilities around mainly on D-100 highway. Thats why in, high potential for residential buildings are expected in the region!

• Proximity to above mentioned major transportation axis and near feature (~2-3 years) increased pressure for residential housing land in the area make those parcels valuable

• Asking Price is $50/m2

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About the region.. • The Izmit Bay and Dardanelles Strait crossings will create a golden ring

for the region. Connecting the top cities of the region within four (4 hours) at most. Part of the ring connecting -Çanakkale-

section via Dardanelles Strait Crossing will positively affect land prices up on the region within next 3-5 years

• Plans for the decentralization of industrial zones in Istanbul and level it through Northern Marmara along a segment between around Tekirdag-Çorlu- -Gebze – Kocaeli even extending to Yalova (after completion of Bay Crossing) will result more accelerated change in the region. Çorlu will gain more importance and increased level of interaction with other cities around the sea of Marmara like Bursa, Yalova and Çanakkale.

• Being a connection gate between Trakya and in terms of location, logistics opportunities and economic relations makes Çorlu the most strategic and operationally important town in Trakya. The Project Golden Ring which will be performed around the Marmara Sea has the scale of 1/100.000 and will connect Çorlu to with the help of proposed connection routes between and Marmara .

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103. Land - Residential Expected – 3,237,000m2 @ Yalova-Çiftlikköy

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features of the property • Property is located at Yalova’s Çiftlikköy district in two major lots for sale

namely parcel No:1599 (529,105m2) and No:1600 (2,612,241m2) • 7km to Yalova Town Center, 7km to Ferry Terminal to other side of the

Izmit Bay namely Kocaeli & Istanbul • 15km to the new Izmit Bay Crossing Bridge under construction • The property is opposite to the Yalova Airport • Parcel No:1599 is right next to D-575main road Parcel No:1600 is at

behind covering hill behind • Other side of the D-575 Higway on the beach side along the shore is a

popular location full with summer beach front houses, Country Clubs, resorts and Hotels

• Both parcels have full sea view almost from any location on it, • Those parcels are currently zoned as Agricultural & Farm Land with

limited residential allowed. Nevertheless upcoming 1/100,000 scale Zoning Plan of the region is expected to change status of the property to favorable residential due to being at the down stream of Izmit Bay Bridge which is quite close.

• Asking price for the property is $123/m2 namely Parcel 1599 price would be ~$65million and Parcel 1600 would be ~$320million

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Why should you invest in this property ? • At the opposite side i.e. Kocaeli-Istanbul side of Izmit Bay

Bridge similar properties in similar features are priced around $200-250/m2 once connected with bridge price of the land at Yalova Side is quite naturally expected to be in that range that makes those two parcels are valuable

• Expected new zoning arrangement toward completion of Izmit Bay Bridge Crossing will upgrade status of this land from farming & agricultural to Residential

• People who works in Istanbul -at Anatolian side- but doesn’t want to be part of stressful city life will be very much attracted to live at this side of the Bay after completion of Bridge

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Vision…

• Invest in Property ($123/m2) – Option 1- Keep the land for 2-3 years until expected

price reaches $200-$250 /m2 and sell it with expected 60% ROI with 17.5% average annual return for 3 years return

– Option 2- Develop Land partially for quality residential housing and sell in the market, divide remaining in lots ranging 750m2-3,000m2 build the infrastructure for family housing and sell ~$400/m2 in the market

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102. Land - Residential Expected 86,000m2 land @ Istanbul-Pendik-Göçbeyli

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Features of the Property • Land is located in Göçbeyli district within Pendik Town Municiopality, • currently zoned as agricultural land with limited residential permit.

Nevertheless in 2016 it is expected to have residential zoning status due to high demand for residential in the area

• In very close neighbourhood of the land there are many single storey stylish family houses with swimming pools.

• It is ~5km to F1 Racetrack ~10km to E-80 Highway, Sabiha Gökçen Int. Airport is just ~16km away

• One of the most prestigious university of Turkey; University Main Campus and one of the biggest Industrial Zones; Gebze Organized Industrial Zone are important areas keep strong quality housing demand in the area where our property located

• The development of Small & Medium Size Manufacturing Industry Cooperation , -Turkish Electricity Distribution JSC and many other important industrial companies in the immediate vicinity of the plot are the positive factors driving property price up

• Asking Price for this big size plot of land is just $47/m2 which makes total price around $4million. When land zoned as residential price will be minimum $100/m2.

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Why should you invest in this property? • One of ‘Two Cities for and European side’ announced by President,

Recep Tayyip will be set up in Tuzla. This new city that will be built in the zone of Tuzla- - will be the center of attraction.

• Life, work, social life, education and health activities being designed together in an integrated way through the new city project which will be built on the area covering 2 million square meters including residences, apartments, hotel, home office, retail stores, office buildings, arts and cultural facilities, education campuses, hospitals and shopping centers. the inclusion of environmental friendly engineering and green architecture concepts such as reuse of rainwater by collectors and treated to be use for day to day use are important features of this new city

• Nearby (~16km away) Sabiha Gökçen Airport being made to serve 45 million passengers per year after the new runway is so put into service.

• The town of Tuzla & Pendik, where 7 Universities currently operate in, the number will rise up to 11 with the addition of 4 more Universities that are pending approval from Higher Education Board.

• One of the Northern Marmara Motorway -linked to 3rd Bosphorus bridge- connection is ~10km away

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Vision…. • Invest in land ($47/m2) now -as it is zoned as

agricultural and cheap!- and wait! • Within max. 2 years time land will receive residential

status and price will be doubled. That means 100% profit in 2 years, 40% return per year!

• After max 2 years , – Option 1 – Develop a Country Club Project develop quality

2 storey single family housing. sell each~$3500/m2on ~750-1000m2 land

– Option 2- Divide big lot into small size parcels starting from 500m2 upto 4,000m2 and sell min. $200/m2

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101. Land – Residential – 7,629 m2 @ Kocaeli-Dar ca

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About Dar • Area is well known by having major businessmen summer villas, estates,

farmhouses • Very close to Istanbul border (~3km) 40mins to Istanbul Centre • ~5km to Eskihisar –Topçular Ferry Terminal • ~15km to Izmit Bay Crossing Bridge • This province is attracting more attention thanks to the yacht marina,

highway connections, Izmit Bay Bridge and Marmaray connected railway lines. It is estimated that the population of will increase from 160 thousand to 300 thousand. In order to accommodate this planned growth currently zoned agricultural lands nearby to town centers will be opened to low-density construction.

• Rumors says that either himself or first degree relatives of United Arab Emirates Ruler has bought a 100,000m2 land in Darica in 1984.

• Turkey’s one of the biggest marinas, with a capacity of 2500 yachts, will be built in -Darica, Istanbul’s old summer resort area.

• Elit Group has begun the construction of a 5-star hotel on shore with an investment of 60 million dollars.

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Why should You invest in this land? • Located right next to main road, 1.3km to the beach • Major Resort, Summer Villas, Estates Area for Upscale residents, • At one of the best junction of Nothern Marmara-Istanbul and Southern

region-Yalova & Bursa, • Close to heavenly Sapanca Lake Area, • ~1.5-2hrs distance to Uluda • Despite of that land currently has 10% construction area (~950m2)

permit, it is expected having same permit as 40% (~3815m2) like in adjacent lots in a year time if zoned residential

• Asking Price $1,672,880 ($220/m2) • Invest ;

– Build your own mansion on a big piece of land – Build luxurious residential villas ($520/m2; land + Construction cost,

$900/m2; sales price. Up to ~73% ROI , ~31% annual return rate for average2 years return period)

– Do nothing. Keep the land. Enjoy avg. ~15-20% capital gain annually for next 5 years!

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35. Land – Farming & Agricultural – 164,375m2 @ Tekirda -Cerkezköy-K z lp nar

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Features of the Property • Property Located right next to E-80 Highway,

~11km to Çorlu, ~9km to Çerkezköy and ~25km to Silivri, 90km to Istanbul

• Çorlu Airport is just ~9km away • Within 4-10km distance there are many highly

industrialized areas, manufacturing/production facilities

• Asking price $70/m2. Parcel No.2649 $7,822,500 (111,750m2) . Parcel No.2644 $3,683,750 (52,625m2)

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About Çerkezköy... • General economic structure of the district is based on industry. 800

hectares in the Organized Industrial Zone was combined with the Organized Industrial Zone in 1990. Thus, with 1250 hectares of land it has been one of Turkey's largest organized industrial zones.

• General characteristics of the industrial facility located in the industrial establishments in the region are primarily based on textiles as well as rubber-plastic, metal products, metal paint, medication and auto industry.

• Transportation to Çerkezköy is accessible by highway and railway. TEM Highway which is highly important for Çerkezköy, strengthens the relationship with the district of Istanbul. Railway links in Çerkezköy is provided by Istanbul - Edirne - European railways. Çerkezköy station is one of the most important export stations. Water connections in the county is related to Tekirdag harbor. Also a high-speed train project is designed to reduce the distance between Istanbul Halkali station and Çerkezköy down to 20 minutes.

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COMMERCIAL&OFFICE / SHOPS - Buildings

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Id Headlines Area (m2) Type Classification City Town/District District21 You wish this should be your office in istanbul! Locatıon, elegance, quality. In high demand. 1,698 building İstanbul Bakırköy Florya

22 for the ones who want to be in the game at rising Ataşehir district nearby to IFC 3,385 building İstanbul Ataşehir Küçükbakkalköy

36 Perfect beachfront location for midsize businesses! 720 building İstanbul Bakırköy -

24 positioned well next to hıghway good for company headquarter, suitable to convert private hospital or school 8,438 building İstanbul Sancaktepe Samandıra

26 about to complete whole commercial & office building for sale. Great location reasonable price! 4,908 building Bursa Nilüfer -

25 invest and operate as shopping center or convert it to health center or private college, university 15,105 building Kütahya Vefa

23 A property which land is now more valuable than the existing building! 2,200 land & building residential & commercial İstanbul Ataşehir Türkiş

28 retail/office/shop space in a newly built elite district. $50-60K rental income potential! Invest, rent, earn! 572 shops Bursa Balat -

28 retail/office/shop space in a newly built elite district. $50-60K rental income potential! Invest, rent, earn! 496 shops Bursa Balat -

27 retail/office/shop space in a newly built elite district. $50-60K rental income potential! Invest, rent, earn! 640 shops Bursa Balat -

27 retail/office/shop space in a newly built elite district. $50-60K rental income potential! Invest, rent, earn! 499 shops Bursa Balat -27 retail/office/shop space in a newly built elite district. $50-60K rental income potential! Invest, rent, earn! 525 shops Bursa Balat -

shops

office & commercial

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21. Building -Commercial & Office - FLOROFIS – 1,698m2

@Istanbul-Bak rköy-Florya

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Location! Location! Location!..... Best of both world!

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• At the European Side of Istanbul, at the heart of Bak Business District

• Next to Atatürk International Airport 7km (~10mins) to International arrivals/departures

• A premium location positioned in Florya where High Net Income Individuals choose to be

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Grade A Interior, Exterior, Back Up Utility (Water, Electricity) Infrastructure

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• 20km (~30 mins) to Old City of

• Easy Access to D100(E-5) Highway 1.5km (~4 mins)

• Easy Acess to Sea Terminal 5km (~10 mins)

• 10 Mins (850m) walking distance to the sea side / Private Marinas On

popular Florya Avenue where lively cafes, restaurants, shops exists

• Next to Atatürk Reserve for a midday walk amidst bird songs, flowers,

tranquil pine trees while seabreeze touches your skin

• Premium Business District! A-Class Office/Commercial Building

• Private Car Park Floor 581 sqm ( for 20-25 Vehicles Parking)

• 5 independent Office Space :

• 1 x Basement & Ground floor Dublex (2 Storey) Commercial Space 382 sqm.

• 2 x 1st Floor Office with 128.5 sqm & 143.5 sqm. each

• 2x Top Floor Dublex Offices with 218.5 sqm & 244.5sqm each

• Total 1117 sqm. leasable area

• Asking Price $10.5m ($6183.8/m2)

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22. Building – Commercial & Office - Zirve Plaza3,385m2 @ Istanbul-Ata ehir-Küçükbakkalköy

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Features of the Property • 6 km to Kadikoy, 7.5 km to The Bosphorus Bridge , 11-12 km to

FSM Bridge & Maslak Business District, 20km to Sabiha Gokcen Int. Airport, 25km to Ataturk Int. Airport,

• Positioned right next to major connection artery between D-100 and O-4 Highways,

• surrounded by prestigious branded projects such as; Kentplus Housing, Varyap Meridian – mixed use project including

offices, residences, Hotel and commercial units-, Agaoglu My City, Palladium Mall, Optimum Outlet Mall, Uphill Court and also Fenerbahce Ulker Sports Arena,

• located in the Western District, just ~2kms away from Istanbul Int. Financial Center,

• Ground Floor + 9 upper floors+ 3 basement floors; Total 13 floors • Built on a land size of 974m2 • 3385m2, total built area with 2149m2 net area • Typical floor net area ~154m2 • High Ceilings (~4.1m floor to floor ) height

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About Ata stanbul International Financial Centre • International Financial Centre is a macro scale finance themed

Property Development Project directly orchestrated by Turkish Government via Major Contractors to attract major public and private finance and banking players providing support and direction to major Turkish commercial institutions & organizations together with international players which provides consultancy to International & Local Investors, Business owners. Purpose is to create synergy by bringing physically scattered those major institutions together. Central Bank, Regulatory Authority of Banking and other Major banks ( such as ZiraatBank, HalkBank, Vak fBank) which majority owned by public and EmlakGYO (REIT) are some of well-known tenants of the projects

• Project is going to conclude a whopping 4.2 million sqm. Office, residential, commercial, conference, hotel and carpark space to be occupied by above mentioned customers.

• Developing such project is not accidental; it is strategically aligned with the period when Turkey is rising amongst the ranks of countries attracting most foreign investment and FDIs . Project targets to create finance & banking hub or neighborhood to result more synergies.

• Construction of the Financial Center/District has started 2009 and it is targeted to complete construction by late 2016.

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Vision… • Invest in Property for $25million (~$7,386/m2)

– To have elite customers renting soon with premium price in order to be close to Finance Center,

– Or having a close office to their premium residences in Ata very popular branded projects,

– Rent to a major Education Organization who are after space – Not much available land left in the area to develop such

building, already increasing prices will skyrocket soon – Expected value of the building will be ~$10,000/m2 (~30%

ROI) when Finance center complete by end of 2016, ~$12,500/m2 (~60% ROI) by 2018

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23. Land / Building – Commercial & Residential 2,200m2 on 1,675m2 land @ Istanbul-Ata ehir

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Features of the property… • Located in one of the highest growing and getting increased

value -non stop in last 15-20 years in a row- district Ata • Nearby to Int. Financial Center, • Right opposite to

including low rise and high rise up to ~35 floor buildings establishing high standard living in the area and driving prices up.

• Similar construction area ration p can be expected for the property

• Ongoing rental income $7500/month for existing 2 storey 2200m2 FIAT Service Center

• Property is valuable due to lessening land stock in the area and having an allowed high construction ratio expected as in Trendist Project.

• Asking Price $10million

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24. Building – Commercial & Office Plaza 8,438m2 @Istanbul-Sancaktepe-Samand ra

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About Sancaktepe.. • one of the fastest developing districts on the Asian side of . • 20km long subway line construction on Üsküdar-Ümraniye-Çekmeköy whose

construction began in 2012 and is due to be completed in 2016 will make a significant contribution to transportation in Sancaktepe and is expected to affect investments in the region positively. Being in the junction of two major highway i.e. Existing O-4(E-80) and new Northern Marmara Highway linked to 3rd Bosphorus Crossing Bridge makes Sancaktepe in one of the more demanded areas.

• Together with on going transportation projects and other infrastructure projects, many branded residential housing projects such as Aydos Country, Resim Istanbul, Dumankaya Mozaik, Mahal Sancaktepe adds value to the region and makes it one of the rising stars of real estate market in Istanbul.

• In addition to the 400 bed Sancaktepe Training and Research Hospital whose construction continues in an area 40.000 m2, the largest city hospital of Turkey and Europe with 4.100 beds which is expected to serve job opportunities to 15.000 citizens, will attract attention residential and commercial areas in the region. Preparations continue for the hospital that will rise in the 3.150 acres of land located between - .

• Along with planned Turkey's largest city hospital and subway coming into service by 2016, flurry of quality residential projects, region property prices are expected to double within ~2 years time.

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Features of The Property… • 1 ground floor, 5 upper floors and 2 basement floors

total 8 floors 8,438m2 building area on 4,897m2 land, • Located in one the high growth districts Sancaktepe

right next to E-80 Highway with very convenient access,

• Convenient Building can be operated as Commercial (Office Building), Health (Hospital), Educational (school building) or as student housing building

• Asking Price $20 million ($2,370/m2)

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25. Building – Commercial & Office @Kütahya DEMPark Mall-15,105m2 on 25,787m2 land

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Features of the Property… • ~2km to Kütahya Town Center, 350km to 180km to Bursa, 310km

to Ankara, 340km to • Located right next junction of D650 and D230 highways, • Our shopping mall in Kütahya which has an ottoman architectural design

is located on the route of Ankara, E , Antalya, zmir is constructed in 2 storeys in a leasable area of 12.000 m2 and a total closed area of 16.560 m2.

• The mall consists of 2 large stores of 700 m2, another store of 550 m2, a grocery store of 2.290 m2 and 46 other stores in general (6 stores are rented and there are 4 wedding and entertainment halls in the shopping mall) and 750 vehicle parking lot. A Caravansaray and Artesian (ceramists) shops of 100.000 m2 is available next to our shopping mall. Kütahya is famous with its ceramics and porcelain products.

• It’s the resting area for passengers travelling on the route of Antalya, zmir, Ankara, E and stanbul. Our mall is in the center of the

caravansaray and the fairground. Due to the width of common areas and that it is not multi-storey, it can also be considered as a space for private school and hospital.

• Asking Price is $25 million ($1,655/m2)

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26. Building – Commercial & Office Bali Business Center – 4,908m2 @Bursa-Nilüfer

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Features of Property.. • Located at the entrance of industry district of the west central area

of Bursa. A valuable property which is concentrated in the area of both residential and commercial real estate... ~10 km to Bursa Town Center

• 2 Basement, 1 Ground, 4 Upper and 1 terrace floor total 4908m2. Average Floor 525m2

• Double Lift (10 persons), Indoor Parking (854m²) also open car parking, Warehouse at the height of 4 meters (854 m²), Aluminum composite and silicone glass façade, Aluminum joinery windows, Central heating and cooling system (if necessary, station counter application), Sprinkler spring system for fire facilities of all floors, Security camera systems for front and rear facades,120 ton fire water tank etc.

• Elevation and staircase tower where necessary could be a heliport (140m²)

• Proximity to metro station • Available for bank credit • Asking Price is $8.5m (~$1,732/m2)

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27. Building–Commercial & Office NeoFLATS Retail Space x 3 – Total1,664m2 @ Bursa-Balat

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Features of The Property • Built on a piece of land plot 2418 m2, just ~300m far from the Bursa Freeway

and ~100m from the nearest main road D575 , NEO FLATS location, poised to become one of the most popular investment project in Balat.

• NEOFLATS project which is total 7,000m2 has 6 numbers 3 storey commercial space. Properties we are offering are 3 commercial spaces / stores / shops located in NEOFLATS project namely No.32 (525m2), No.33 (499m2), No.36 (640m2) A total of 7000 m2 of construction consists of 6 pieces of 3-storey store.

• Nearby Özdilek Shopping Center

• Asking price for those properties namely are – No.32 (525m2) $1,200,000 ($2,286/m2) – No.33 (499m2) $1,125,000 ($2,255/m2) – No.36 (640m2) $1,425,000 ($2,227/m2)

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about Bursa & Balat Region.... • Bursa is located Southern Marmara region. It is Turkey's 4. largest city after

Istanbul, Ankara and Izmir. is next to Marmara sea• Bursa was established at the skirts of . Bursa province, by population

growth above the average is one of the fastest-growing city. CurrentPopulation is estimated around 2 million. This rapid population growth isresult of constant migration due to high rate of industrialization &commerce and accordingly more job supply in the market . Bursa is mainbase for production of Renault and Fiat Brand automobiles in Turkey andthere comes many subsidiary automotive manufacturing companies in theregion.

• Bursa ranked 4th in Turkey in terms of added value to the national economyafter Istanbul, Kocaeli and Izmir.

• The area where the properties offered are located namely Balat is thefastest growing district of Bursa preferred by whom are High Net WorthIndividuals and looking for quality residential housing, shops, cafes,entertainment facilities so they can have quality time with their loved ones.In the region, supply of luxury residential housing increased dramatically inlast few years and that’s why such socio-economic change inevitablyapplies upward pressure to the value of any property in the area

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28. Building – Commercial & Office – RiTiM-Retail Space x 4 – Total 1,952m2 @ Bursa-Balat

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Features of The Property • just ~300m far from the Bursa Freeway and right on one of the main roads ,

those shop can be one of the most popular investment in Balat region if opportunity taken on time.

• There are many existing and about to complete branded residential housing projects around

• Properties we are offering are 4 commercial spaces can be used stores / shops

• Asking price for those properties are Namely • B BLOCK : 572 M2 ($4200/month rental income potential) $993,750 ($1,737/m2) • C BLOCK : 496 M2 ($3650/month rental income potential) $937,500 ($1,890/m2) • F BLOCK : 404 M2 ($3000/month rental income potential) • G BLOCK : 480 M2 ($3650/month, existing tenant paid rent)

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about Bursa & Balat Region.... • Bursa is located Southern Marmara region. It is Turkey's 4. largest city after

Istanbul, Ankara and Izmir. Bursa is next to Marmara sea via to the Mar • Bursa was established at the skirts of . Bursa province, by population

growth above the average is one of the fastest-growing city. Current Population is estimated around 2 million. This rapid population growth is result of constant migration due to high rate of industrialization & commerce and accordingly more job supply in the market . Bursa is main base for production of Renault and Fiat Brand automobiles in Turkey and there comes many subsidiary automotive manufacturing companies in the region.

• Bursa ranked 4th in Turkey in terms of added value to the national economy after Istanbul, Kocaeli and Izmir.

• The area where the properties offered are located namely Balat is the fastest growing district of Bursa preferred by whom are High Net Worth Individuals and looking for quality residential housing, shops, cafes, entertainment facilities so they can have quality time with their loved ones. In the region, supply of luxury residential housing increased dramatically in last few years and that’s why such socio-economic change inevitably applies upward pressure to the value of any property in the area

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36. Building – Commercial & Office 2xRetail Shops total 720m2 @ Istanbul-

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Features of the Property • Property is a small building consisting of 2 shops; 1x310m2,

1x410m2 each has separate entrance from different side of the building. Due to the elevation difference entrance of one shop from another street is from upper floor entrance

• On very popular Ebuzziya Street with 8-10m frontage, very close to the beach & marina.

• A High pedestrian traffic and high visibility location • Shop with the entrance from Ebuzziya St. is 225m2 with 85m2

mezzanine floor, total 310m2. Other shop with entrance from the side street overlooking lungo mare (beach walk promenade) and used to be a sisha café with ~450m2 covered area

• On this popular street there are many cafés and small boutique retail shops for gents & ladies clothing, hair stylists

• A perfect high rental income property • Asking Price $4.3m ($5,972/m2)

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