A lien had been placed on the land located in İstanbul, Beykoz district, Paşabahçe neighbourhood at the Bosphorus with map section: 32/38/39, city block: 195, plot: 7, against USD 375 million for the benefit of the creditor bank, Akbank. The aforementioned lien has been removed on 05.11.2021.
In accordance with the decision dated 06.09.2021 and no. 2021/23, the Board of Directors agreed to raise a medium-term working capital loan of TRY 750 million from T. Halk Bank A.Ş. A second degree lien is placed on the property, Torun Tower located in İstanbul / Şişli, against TRY 2,000,000,000 for the benefit of the creditor bank. The aforementioned lien procedure is completed on 09.09.2021.
Remzi Aydın, who was serving as Assistant General Manager in charge of Construction and Project Management Affairs within our Company, resigned from his position as of 30.06.2021. With the decision of the Board of Directors of our Company dated 04.06.2021 and numbered 2021/19, it was unanimously resolved to appoint Osman Ataş as Assistant General Manager in charge of Construction and Project Management and Metin Karakoç as Assistant General Manager in charge of Financial and Administrative Affairs.
In the material event disclosure announcement published by our company on 28.06.2013: Torunlar REIC submitted the highest bid in the revenue sharing project tendered out by Kiptaş (İstanbul Residence Development Plan Industry and Trade Inc.), a subsidiary owned by İstanbul Metropolitan Municipality for a landplot of 515.977,11 m2 situated in İstanbul, Eyüp borough, Güzeltepe (Alibeyköy) district, Çobançeşme vicinity for the second phase of Kiptaş Finanskent where residential, retail units, religious, university and social facilities as well as common areas, infrastructural and environmental settlements, open-air and closed parking lots, recreational and greenery areas will be constructed. With the approval of the tender, Torunlar REIC and Kiptaş signed the contract to construct the second phase of Kiptaş Finanskent in return for asset-sharing, According to the contract, 45,72% of the construction area will be owned by Kiptaş with 54,28% by Torunlar REIC. If there’s a hike in the construction area, the latter will be shared according to the same ratios. The works within the scope of the aforementioned "Asset-Share Method" contract have been completed and on 16.06.2021, 2484745/434056 shares of the land with a size of 43,405.61 m2 (5.Levent Phase 2 residential project) located in İstanbul, Eyüpsultan, 858 Island, Parcel no: 2 were acquired by our company from the Silahtar Abdullahağa Foundation. As of today, our company's share of the said land has reached the level of 2588245/4340561 and its total size is 25,882.45 m2. As the obligations of our company have been completed within the scope of the same contract, 1752316/4340561 shares belonging to Kiptaş İstanbul Residence Development Plan Industry and Trade Inc., the other owner of parcel 858/2, are expected to be acquired free of charge by our company following the completion of the administrative procedures.
The Board of Directors decided in its meeting dated 08.06.20201 and no 2021/20 that by virtue of the Corporate Governance Principles of the Capital Markets Board of Turkey, 1. Mehmet Emre Çamlıbel, Habibe Didem Hömek and Pelin Örsel to be appointed to the Corporate Governance Committee until the first ordinary general assembly meeting, with the member, Mehmet Emre Çamlıbel to act as the Chairman of the Committee, 2. Mehmet Emre Çamlıbel, Ramadan Kumova and Kenan Yavuz to be appointed to the Nomination Committee until the first ordinary general assembly meeting, with the member, Ramadan Kumova to act as the Chairman of the Committee, 3. Ramadan Kumova, Mehmet Emre Çamlıbel, A. Vahit Kaplan and İsmail Kazanç, Chief Financial Officer, to be appointed to the Early Risk Detection Committee until the first ordinary general assembly meeting, with the member, Ramadan Kumova to act as the Chairman of the Committee, 4. Ramadan Kumova, Kenan Yavuz, Mehmet Emre Çamlıbel to be appointed to the Remuneration Committee until the first ordinary general assembly meeting, with the member, Ramadan Kumova to act as the Chairman of the Committee. 5. Kenan Yavuz, Mehmet Emre Çamlıbel and Ramadan Kumova to be appointed to the Audit Committee until the first ordinary general meeting, with the member Kenan Yavuz to act as the Chairman of the Committee. It was decided unanimously.
In our material event disclosure dated 14.04.2021, It was announced to the public that Aziz Torun, one of our Founding Partners and Chairman of the Board of Directors, has decided to sell all or part of the Group C shares with a nominal value of TL 125,000,000, representing 12.50% of the capital of Torunlar Gayrimenkul Yatırım Ortaklığı A.Ş., at the price to be formed in the Secondary Market or the Market and that it has been submitted to the approval of the Capital Markets Board (Board). The share sale information form approved by the Board at its meeting dated 29.04.2021 and numbered 23/710 regarding the conversion of Aziz Torun's shares into shares traded on the stock exchange is attached hereto and the relevant shares will be converted into shares traded on the stock exchange at the Central Registry Agency. The proceeds from the sale of the shares of Torunlar Gayrimenkul Yatırım Ortaklığı A.Ş. will be used in the capital increase planned by Torunlar in the future and in the payment of the capital contribution debt arising from the exercise of Aziz Torun's new share purchase rights.
In our material event disclosure dated 14.04.2021, It was announced to the public that Mehmet Torun, one of our Founding Shareholders and Deputy Chairman of the Board of Directors, decided to sell all or part of the Group C shares with a nominal value of TL 125,000,000, representing 12.50% of the capital of Torunlar Gayrimenkul Yatırım Ortaklığı A.Ş., at the price to be formed in the Secondary Market or the Market and submitted to the approval of the Capital Markets Board (Board). The share sale information form approved by the Board at its meeting dated 29.04.2021 and numbered 23/710 regarding the conversion of Mehmet Torun's shares into shares traded on the stock exchange is attached hereto and the relevant shares will be converted into shares traded on the stock exchange at the Central Registry Agency. The proceeds from the sale of the shares of Torunlar Gayrimenkul Yatırım Ortaklığı A.Ş. will be used in the capital increase planned by Torunlar in the future and in the payment of the capital contribution debt arising from the exercise of Mehmet Torun's new share purchase rights.
Aziz Torun, one of our Founding Partners and Chairman of the Board of Directors, has decided to sell all or part of the Group C shares with a nominal value of TL 125,000,000, representing 12.50% of the capital of Torunlar Gayrimenkul Yatırım Ortaklığı A.Ş., at the price to be formed in the Secondary Market or the Market. Pursuant to Article 27 of the Capital Markets Board (Board) Equity Communiqué No. VII-128.1, the Share Sale Information Form prepared for the conversion of non-listed shares exceeding 10% of the capital into listed shares has been submitted for the Board's approval. If the share sale information form is approved by the Board, the shares will be converted into shares traded on the stock exchange at the Central Registry Agency and then all or some of the shares in question will be sold on Borsa Istanbul. The proceeds from the sale of the shares of Torunlar Gayrimenkul Yatırım Ortaklığı A.Ş. will be used in the capital increase planned by Torunlar in the future and in the payment of the capital contribution debt arising from the exercise of Aziz Torun's new share purchase rights. Sincerely,
Mehmet Torun, one of our Founding Shareholders and Deputy Chairman of the Board of Directors, has decided to sell all or part of the Group C shares with a nominal value of TL 125,000,000 representing 12.50% of the capital of Torunlar Gayrimenkul Yatırım Ortaklığı A.Ş. at the price to be formed in the Secondary Market or the Market. Pursuant to Article 27 of the Capital Markets Board (Board) Equity Communiqué No. VII-128.1, the Share Sale Information Form prepared for the conversion of non-listed shares exceeding 10% of the capital into listed shares has been submitted for the Board's approval. If the share sale information form is approved by the Board, the shares will be converted into shares traded on the stock exchange at the Central Registry Agency and then all or some of the shares in question will be sold on Borsa Istanbul. The proceeds from the sale of the shares of Torunlar Gayrimenkul Yatırım Ortaklığı A.Ş. will be used for the payment of the capital contribution debt arising from the exercise of Mehmet Torun's rights to purchase new shares in the capital increase that Torunlar plans to realize in the future. Sincerely...
In recent days, there have been various allegations in some media outlets and news platforms that put Torunlar REIC and our Chairman of the Board of Directors, Mr. Aziz Torun, under suspicion. None of these news reports reflect the facts. Neither Mr. Aziz Torun, our Chairman of the Board of Directors, nor our company Torunlar REIC owns any land directly on the Canal Istanbul route. Three separate lands totaling 60,832 m2 in the region called Başakşehir Kayabaşı were purchased by Torunlar REIC in 2008 when the Canal Istanbul project was not yet on the agenda. Moreover, these lands have no direct proximity to the Canal Istanbul route. Information about these lands in Kayabaşı has been publicly available in Torunlar REIC's Annual Reports for 10 years. We have requested a correction through the same channel of the news, which puts our Chairman of the Board of Directors, Mr. Aziz Torun, and our company, which is traded on Borsa Istanbul and operates with a transparent communication approach in the light of corporate governance principles, under suspicion and misleads our investors. We would like to inform the public and our investors,
In accordance with the decision dated 23.03.2021 and no. 2021/07, the Board of Directors proposes to sign an independent external auditing agreement with PwC Independent Auditing and Certified Public Accounting Inc. for the fiscal year 01.01.2021 - 31.12.2021 on the basis of the recommendation of the Audit Committee and to get it approved in the upcoming General Meeting. Sincerely,
Pursuant to subparagraph ç of paragraph 3 of Article 40 of the Capital Markets Board's Communique on Principles Regarding Real Estate Investment Trusts numbered III-48.1; Within the scope of sales and leasing transactions that do not exceed 2 percent of the total assets in our last publicly disclosed financial statements; Regarding the immovable properties in the Company's portfolio, a total of 31,732,164 TL (excluding VAT) leasing and 517,239,611 TL (excluding VAT) sales transactions were realized in 2020.
In its meeting dated 26 January 2021, The Board of Directors decided to appoint Invest Property Valuation and Consulting JSC as the sole appraiser for each asset to be valued in our portfolio and forthe assets to be purchased and to be valued in 2021 according to Article 35 entitled “Selection of the Real Estate Appraisal Company” of the Communiqué Serial: III and No: 48-1 on the principles of the REICs.