Turkey's first real estate investment trust, MHR Gayrimenkul Yatırım Ortaklığı A.Ş. (MHR GYO), which is a subsidiary of insurance companies, started to be traded under the code 'MHRGY.E‘ in Yıldız Pazar with the gong ceremony held today (18 October 2023, Wednesday) in Borsa Istanbul.

The gong ceremony of MHR GYO, which is a subsidiary of Quick Sigorta and Corpus Sigorta within Maher Yatırım Holding and operates in the office and commercial real estate segment, was held with the participation of Mr. Korkmaz Ergun, General Manager of Borsa İstanbul A.Ş., Mr. Levent Uluçeçen, Vice Chairman of Maher Holding, Mr. Gökay Erdemoğlu, Board Member of Maher Holding, Mr. Ahmet Yaşar, Group President of Maher Holding Insurance, Mr. Nurkan Kaçmaz, General Manager of MHR GYO, Mr. Eyüp Özsoy, General Manager of Quick Sigorta, Mr. Murat Şişli, General Manager of Corpus Insurance, Group managers, representatives of Yapı Kredi Investment and various other guests.

Speaking at the ceremony, Mr. Korkmaz Ergun, General Manager of Borsa İstanbul A.Ş., said: “Welcome to the public offering ceremony held due to the start of trading of MHR Gayrimenkul Yatırım Ortaklığı on our Stock Exchange. Maher Holding is a valuable company that stands out with its innovative applications especially in the field of real estate and insurance. MHR Gayrimenkul Yatırım Ortaklığı provides a sustainable income opportunity to its investors with its expertise in these sectors. In this new period, when MHR Gayrimenkul Yatırım Ortaklığı started to be traded on the Stock Exchange today, it will reflect its experience in this field to its new projects with the income generated from the public offering and carry its goals further. I would like to thank everyone who contributed to this public offering, as well as all the employees of the company and the brokerage company. I hope that the public offering would be beneficial to our capital markets. I would like to welcome MHR GYO to our Stock Exchange family."

WE SUCCESSFULLY COMPLETED THE IPO OF MHR GYO

Speaking at the gong ceremony, Mr. Levent Uluçeçen, Vice Chairman of the Board of Maher Holding, said, "The reason we gathered here today is that we have successfully realized the public offering of MHR GYO, the real estate development company of our group, by ensuring the trust of 3.3 million investors. As GYO, which has reached the highest number of investors in GYO IPOs held in Borsa Istanbul so far, we would like to thank our investors who have enables us to achieve a record in this field."

Underlining that the investors participating in the public offering and who will buy their shares from the stock exchange in the future will make these investments by believing in MHR GYO, Mr. Uluçeçen said, "We will always remember this in the projects to be executed by MHR GYO. We will put the rights and interests of small investors first. We will do our utmost to ensure that their investments grow exponentially." Reminding the vision of becoming a financial group set in the inception of Maher Yatırım Holding and Quick Sigorta in 2015, Mr. Levent Uluçeçen said: "The concept of financial group can have several meanings. I will not talk about products, figures, and data. We believe that the indispensable factor of a financial group is its becoming a ‘trust center’. I am talking about the trust of millions of people. We served and continue to serve millions of customers since the day we started operations. With Quick Sigorta and Corpus Sigorta, 11.5 million insured are covered by our companies. We work with this vision in all companies we establish under the Maher Group. We will continue to be the companies in which millions of people trust and entrust their assets in our insurance companies, financing company, electronic money company and all other investments."

Stating that the public offering of MHR GYO is only the beginning for the Maher Group, Mr. Levent Uluçeçen said that their target is to make all companies go public when the time comes. Mr. Uluçeçen added that they will first initiate the process for the public offering of Quick Sigorta, and then Quick Finansman, Corpus Sigorta, QCar Mobilite will go public.

WE WILL DEVELOP NEW MODELS IN THE FIELD OF REAL ESTATE

Mr. Nurkan Kaçmaz, General Manager of MHR GYO, stated that as one of the companies under the roof of Maher Holding, they completed the first public offering of the group and said: “As one of the leading companies in this structure with the fast-growing structure of our group, we will be an innovative GYO with the power we will get from our investors. We will develop new models in the field of real estate with the support of insurance and finance. MHR GYO will be in the focus of these models with its strong equity. In this structure, where we will benefit from group synergy, the building completion insurance offered by Quick Sigorta will be a key instrument. We will also use capital market tools in the developed real estate projects.”

Noting that urban transformation projects will be one of the areas they attach importance to, Mr. Nurkan Kaçmaz said that this structure, which they will support with building completion insurance, will give assurance to flat owners and will be effective in taking part in large urban transformation projects. Mr. Nurkan Kaçmaz concluded his words as follows: “With our vision of being the GYO of firsts, we will continue to move forward with confident steps by feeling the power we have received from our investors and producing projects that add value to the future.”