AKFGY and AKFEN's Real Estate Partnership: Exit of Turkey's Largest Investments

Turkey's leading real estate development companies, AKFGY and AKFEN, have signed a new strategic partnership agreement. The partnership will focus on real estate projects worth $2.7 billion. This collaboration has the potential to build 30,000+ new housing units to meet Turkey's housing needs.

AKFGY and AKFEN's Strategic Partnership: A Rising Star in Turkey's Real Estate Market### Key Points of the Partnership- AKFGY holds 51%, AKFEN holds 49% in the joint venture- A 5-year strategic collaboration plan has been created- Projects will be developed in Ankara, Istanbul, and Izmir- Financing will be provided with loans at interest rates between 12-15%### Market Impact- The BIST Real Estate Index will show short-term growth- Housing sales are expected to increase by 15-20%- Foreign investor interest is expected to rise- The government's real estate policy will be strengthened by this agreement> The partnership between AKFGY and AKFEN signals a new era in Turkey's housing market. These projects will help mitigate risks such as rising interest rates and slowing economic growth. Future analyses on new construction projects and valuation strategies will be crucial.