QFlats, developed by MHR GYO in Kurtköy, Istanbul's rising residential district, was launched at a press conference in Feriye, Istanbul. The project ushers in an era of secure housing in real estate. The QFlats Real Estate Project will be fully covered by Building Completion Insurance.

Located just one minute from the TEM highway and eight minutes from Sabiha Gökçen Airport, QFlats Kurtköy stands out with its stylish and comfortable design. The project, scheduled for completion in December 2027, comprises a total of 347 residences: 70 one-bedroom apartments and 277 two-bedroom apartments. QFlats is also bringing the "insurance-backed secure housing" model to life in the real estate sector.

BUILDING COMPLETION INSURANCE

Ahmet Yaşar, President of Maher Holding Insurance Group, shared the details of the insurance-backed safe housing model. Ahmet Yaşar stated that increasing public resilience against disasters, accelerating urban transformation, and implementing insurance mechanisms are not just public policy. He said, “It is an indispensable necessity for our country’s future. As Maher Holding Insurance Group, we are at the very heart of this vision, in line with our long-held mission of preventive insurance. Building Completion Insurance, which we have implemented for the first time in Turkey under the leadership of Quick Sigorta, is a critical tool in securing urban transformation and new housing projects.”

Yaşar emphasized that thanks to Building Completion Insurance, citizens not only own homes but also have the absolute assurance that their homes will be completed. He continued:

Building Completion Insurance is not just a financial policy; it's a mechanism that safeguards the future of society, the safety of our cities, and the sustainability of our economy. Turkey faces a significant urban transformation need. Expanding building completion insurance is essential for this transformation to occur in a healthy and safe manner. With our strong capital structure, international reinsurance connections, and innovative approach, we will continue our pioneering role in this field.

INSURANCE INTEGRATED INTO REAL ESTATE PROCESSES

In his speech at the launch, MHR GYO General Manager Nurkan Kaçmaz stated that the QFlats project, which was among the investment plans during the IPO process two years ago, will add value to both investors and the future of urban living. Kaçmaz noted that MHR GYO's capital reached 1.24 billion Turkish Lira with the capital increase completed this year. He said, "With our strong equity structure and sustainable growth strategy, we are taking firm steps toward our vision of becoming an insured project developer that integrates insurance security into real estate development processes."

Kaçmaz emphasized that the QFlats project, developed by MHR GYO, was implemented with a next-generation business model that brings together strong and reliable stakeholders in the sector. He said, "The project offers investors a safe and sustainable investment opportunity while promising users a modern and comfortable living space backed by insurance."

A TRIPLE-TREE MODEL HAS BEEN DEVELOPED

MHR GYO Real Estate Investments and Project Development Committee Member Emin Murat Kan stated that they are pioneering a new era in the real estate sector with their first housing project, QFlats. He said, "Thanks to our corporate model, supported by building completion insurance, we are implementing a new housing production approach in Türkiye based on trust, transparency, and sustainability."

Kan noted that Tago Architecture is responsible for the real estate development of the QFlats project, while Tepe İnşaat is the main contractor. He continued:

"Earthquake performance analyses for the project are being conducted by Allianz Teknik, building completion insurance is provided by Quick Sigorta, and all risk and liability insurance is provided by Corpus Sigorta. Our auditing services are being handled by Entegre Project Management. With this strong collaboration, we have created a consortium focused on trust, quality, and technical excellence." Allianz Teknik, Türkiye's only accredited earthquake laboratory, conducts performance analyses of the structures within the project, eliminating all concerns about the seismic safety of our buildings. Tepe İnşaat, one of Türkiye's most respected construction companies, brings its expertise and experience to our QFlats project, raising our construction quality to international standards.

Kan emphasized that this structure enables the implementation of a three-pillar model where the contractor, contractor, and inspection mechanisms are positioned independently, creating a system that exceeds Turkish standards. He continued: "Furthermore, thanks to the authorized insurance companies behind us, we offer a 100% completion guarantee, creating an environment of trust unparalleled in the industry. As MHR GYO, with the QFlats project, we aim to create a new, trust-based, and insurance-backed model for real estate development in Türkiye. Adhering to the highest quality standards from design to construction and fully complying with all legal regulations, particularly earthquake and fire safety, this project sets a new standard in the real estate sector with its insurance-backed structure and 100% completion guarantee."

ABOUT MHR GYO, part of Maher Investment Holding, is the first REIT affiliated with an insurance company. MHR REIT began trading on Borsa Istanbul with 25% of its capital on October 18, 2023. Quick Sigorta holds 64.98% of its capital, Corpus Sigorta 12.59%, and the remaining shares are traded on Borsa Istanbul. MHR REIT's capital has reached 1.24 billion Turkish Lira, its assets 8.26 billion Turkish Lira, and its equity capital 6.9 billion Turkish Lira.

ABOUT QFLATS KURTKÖY

QFlats is rising in Kurtköy, one of Istanbul's rapidly appreciating neighborhoods.

👉 Cash prices start from 5,865,401 TL

👉 1+1 apartments start from 58 m², 2+1 apartments start from 80 m²

👉 Term options up to 48 months

👉 Building Completion Insurance with Quick Sigorta

📍 Location: Istanbul's Anatolian Side, just minutes from Pendik - Sabiha Gökçen Airport, Teknopark, and Viaport.

🏗️ Project Details:

• A total of 347 residences (70 1+1 and 277 2+1) on a 10,795 m² plot

• Land Owner: QC İnşaat

• Developer: MHR GYO

• Contractor: Tepe İnşaat

• Architectural Design: Tago Architects

• Earthquake Performance Analysis: Allianz Teknik

• Building Completion Insurance: Quick Sigorta

• All Risks Insurance: Corpus Sigorta

• Supervision: Entegre Project Management

📅Programs:

• Groundbreaking ceremony: May 28, 2025

• Completion date: December 2027

⏰ Sales Office Hours:

• Monday - Saturday: 9:00 - 18:00

• Sunday: 10:30 - 18:00