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MHR Gayrimenkul Yatırım Ortaklığı A.Ş. (MHR GYO)

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MHR Gayrimenkul, which has obtained the license for Real Estate Investment Trust from the Capital Markets Board for the first company in Maher Holding's public offering process and will also be the first REIT subsidiary on the Istanbul Stock Exchange, which is a part of the group's business areas. The company, which has Quick Tower on the Anatolian side in its portfolio, has decided to restructure its real estate development activity, which is one of the group's business areas, and go public as a strategic decision. It is planned to complete the work for the public offering of MHR Gayrimenkul soon after obtaining the transformation permit to real estate investment trust from the Capital Markets Board, which is one of the most important steps in the public offering process. Levent Ulucen, the CEO of Maher Holding, evaluating the subject, stated that MHR REIT aims to provide building completion insurance for the first time in Turkey to real estate investors in the real estate projects it will develop after going public

Gayrimenkul Yatırım Ortaklığı için Sermaye Piyasası Kurulu’ndan izin alan MHR Gayrimenkul, Maher Holding’in halka arz sürecindeki ilk şirketi ve aynı zamanda <a href="https://uzmanpara.milliyet.com.tr/canli-borsa/">Borsa İstanbul</a>’da sigorta şirketi iştiraki olan ilk GYO olacak. Anadolu Yakası’ndaki&nbsp;Quick Tower’ı portföyünde bulunduran şirket, stratejik bir karar alarak grubun faaliyet alanlarından biri olan gayrimenkul geliştirme faaliyetini yeniden yapılandırarak halka açılma kararı aldı. Halka arz sürecinde en önemli adımlardan biri olarak SPK`dan gayrimenkul yatırım ortaklığına dönüşüm iznini alan MHR Gayrimenkul’ün halka arzı için çalışmaların kısa süre içerisinde tamamlanması planlanıyor. Konuyu değerlendiren Maher Holding CEO’su Levent Uluçeçen, MHR GYO’nun halka arz sonrası geliştireceği gayrimenkul projelerinde, gayrimenkul yatırımcılarına Türkiye’de ilk defa bina tamamlama sigortası teminatı sağlamayı hedeflediğini belirtti. &nbsp;&nbsp;

Maher Holding Sigorta Grubu’nu oluşturan Quick Sigorta ve Corpus Sigorta’nın %100 hissedarı olduğu MHR Gayrimenkul Yatırımları, halka açılma yolunda ilk aşamayı tamamlayarak Sermaye Piyasası Kurulu’ndan Gayrimenkul Yatırım Ortaklığı iznini aldı.


MHR Gayrimenkul halka açılma yolunda

MHR Gayrimenkul, which is the 100% shareholder of Quick Insurance and Corpus Insurance, which make up the Maher Holding Insurance Group, completed the first stage in going public and obtained the Investment Trust license from the Capital Markets Board

MHR Gayrimenkul is on the way to going public

Chairman of Maher Holding Insurance Group Ahmet Yaşar and MHR GYO General Manager Nurkan Kaçmaz announced that building completion insurance will come to the fore in urban transformation projects. Chairman of Maher Holding Insurance Group Ahmet Yaşar and MHR GYO General Manager Nurkan Kaçmaz explained urban transformation and building completion insurance in a program broadcast on a TV channel. Ahmet Yaşar, Maher Holding Insurance Group, stated that they have an unusual structure in the field of finance in the journey they started with Quick Sigorta and said, "In our day, we are actually creating a structure that can be a model for Turkey. We are interested in urban transformation and real estate projects with the fund-raising capacity of our insurance companies and our financial ecosystem. We need a real estate investment trust company and the projects it will develop to use instruments such as building completion insurance together".&nbsp; MHR GYO, THE FIRST INSURANCE COMPANY SUBSIDIARY REIT MHR GYO General Manager Nurkan Kaçmaz stated that MHR GYO is the first REIT to have an insurance company subsidiary and said, “It is our advantage to have the support of insurance companies behind us. We greatly care about this. Because building completion insurance is important. We will actively use building completion insurance to eliminate the company-based problems experienced in urban transformation in the past. 39 REIT companies are traded on the stock exchange. We aspire to be the 40th after them. We started our Capital Markets Board and stock exchange processes. We are currently in the approval phase. REITs may not carry out construction, but only can develop projects. Our project-based works continue in order for us to become an active REIT. We will develop urban transformation projects. Because we also see urban transformation as an area of social responsibility. We will carry out projects that meet the need for people to live in strong and solid buildings, especially after earthquakes. In our day, people want to live in strong buildings. Urban transformation projects need to be actively used, especially for the next five years. As a company that wants to take part in urban transformation projects, we think that the public will also prioritise this. Because the support of the state is needed”.&nbsp; ALL RISKS MUST BE ELIMINATED Ahmet Yaşar, the Chairman of Maher Holding Insurance Group said, "In case of the public offering MHR GYO, projects, especially urban transformation, will be developed with both the capital invested by our insurance companies and the funds to be obtained after the public offering of the REIT. We need to eliminate any risks regarding the delivery of these projects to those who want to own a house. One of the most important instruments for this is building completion insurance. “So far, building completion insurance has been used in nearly 100 houses and the beneficiaries have received their houses. Therefore, it is not difficult for this to evolve into 1000s or 10,000s. Together with MHR GYO, we will be paving the way for supporting these projects", and added: "Building completion must not be considered separately from insurance. When building completion insurance is engaged, preventive insurance comes to the fore as well as using the risk-compensating structure of insurance.&nbsp; If the insurer gives building completion insurance there by examining thoroughly whether the ground surveys of these projects are correct, whether it is an appropriate project, and even if everything is appropriate, whether that project is a profitable and sustainable project for the contractor in terms of its financial results, the&nbsp; buyers of the buildings will also feel comfortable. Therefore, a person who will buy a house has only one thing to do. That is to say, 'Hey, give me a place in a project that has building completion insurance". Stating that some legislative deficiencies in this regard are about to be completed, Yaşar said, "The Ministry of Environment and Urbanisation has a request for regulation regarding general conditions and also wants a standard building completion guarantee bond to be published. At the same time, they want this to be announced by SEDDK with a communiqué.&nbsp; These studies have been completed together with the Ministry of Environment and Urbanisation, Turkish Insurance Association and SEDDK. We expect it to be published in a short time and the obstacles to building completion insurance to be removed."

Ahmet Yaşar, Maher Holding Insurance Group, stated that they have an unusual structure in the field of finance in the journey they started with Quick Sigorta and said, "In our day, we are actually creating a structure that can be a model for Turkey. We are interested in urban transformation and real estate projects with the fund-raising capacity of our insurance companies and our financial ecosystem. We need a real estate investment trust company and the projects it will develop to use instruments such as building completion insurance together".

MHR GYO and QUICK SİGORTA will focus on urban renewal together

With the completion of the share transfer process, which has been going on for a while, Mr. Tuncay Özilhan, Chairman of the Board of Directors of Anadolu Group, and Mr. Mahmut Erdemoğlu, Chairman of the Board of Directors of Maher Holding, have come together.100% of the shares of AND Anadolu Gayrimenkul Yatırımları A.Ş., the active assets of which include the AND Kozyatağı building, were transferred to Quick Sigorta A.Ş and Corpus Sigorta A.Ş companies, which are the subsidiaries of Maher Yatırım Holding A.Ş.&nbsp;After this transfer, the ownership and building management of AND Kozyatağı building, which is one of the assets of AND Anadolu Gayrimenkul Yatırımları A.Ş., passed to Quick Sigorta A.Ş and Corpus Sigorta A.Ş. companies.&nbsp;&nbsp;<figure class="image"><img src="https://cdn.quicksigorta.com/mhrg/q1_b1d2908e0f.png"></figure>&nbsp;&nbsp;After the completion of the share transfer process, Mr. Tuncay Özilhan, Chairman of the Board of Directors of Anadolu Group, and Mr. Mahmut Erdemoğlu, Chairman of the Board of Directors of Maher Holding, have come together at the Anadolu Group headquarters, and expressed their wishes that the said agreement would be beneficial for both parties. Maher Holding CEO Mr. Levent Uluçeçen and Quick Sigorta General Manager Mr. Ahmet Yaşar also attended the meeting.&nbsp;&nbsp;<figure class="image"><img src="https://cdn.quicksigorta.com/mhrg/q2_664f6a53b4.png"></figure>&nbsp;&nbsp;&nbsp;The AND Kozyatağı building, which has won many national and international awards, consists of a 25-storey A+ office building and retail shops with a construction area of approximately 72 thousand square meters and a leasable area of approximately 36 thousand square meters.&nbsp;In addition, AND Kozyatağı, built with the theme of “balance” by the world-renowned German architectural firm HPP Architects; With its modern and timeless design, spacious office and lobby areas, large meeting rooms, high parking lot and fresh air capacity, it is an A+ project with the LEED Platinum Certificate given by the American Green Building Council (USGBC).&nbsp;AND Kozyatağı building has 6 meeting rooms and a conference hall with a capacity for 200 people, as common areas. In the building which has become operation in beginning of 2016, there are management offices of many national and international companies from different sectors such as pharmaceutical, petro-chemistry, informatics, banking, food and market research.

With the completion of the share transfer process, which has been going on for a while, Mr. Tuncay Özilhan, Chairman of the Board of Directors of Anadolu Group, and Mr. Mahmut Erdemoğlu, Chairman of the Board of Directors of Maher Holding, have come together.