Please click here for all public disclosures of the company.
The title deed transfer procedures regarding the sale of Block 21, Plot 110 (on which Marmarapark Shopping Center is located) together with plots 102 and 103 which was announced on 23.10.2024, have been concluded and the transaction of the total sales amount, including VAT, has been completed as of today.
Within the scope of Board of Directors' resolution dated on 23.10.2024, regarding the sale of Block 21, Plot 110 (on which Marmarapark Shopping Center is located) and adjacent plots 102 and 103 of which all belongs to our Company in Istanbul Province, Esenyurt District, a written notification has been made our Company by the pre-emption right holder that it will not exercise its pre-emption right regarding the plot no.110.
Following to such notification, it has been decided to sell all abovementioned Plots to Kuzey Marmara Perakende Gıda San. ve Tic. A.Ş. for a total price of 2.727.273.000 TL + VAT and be collected in cash (VAT Included Total Price 3.000.000.300 TL) in advance, on the date of title deed transfer.
The 1st coupon payment was made for the bill with a nominal value of TL 350,000,000, 269 days maturity, quarterly coupon payments and TRFISGY42513 ISIN code.
The 1st coupon payment was made for the bill with a nominal value of TL 500,000,000, 364 days maturity, quarterly coupon payments and TRFISGY72510 ISIN code.
The 1st coupon payment will be made on 11.10.2024 for the bill with a nominal value of TL 350,000,000, 269 days maturity, 3-month coupon payments, floating interest, with ISIN code TRFISGY42513, which was sold on 12.07.2024. The interest rate for the 1st coupon payment determined as 12.9197%.
The 1st coupon payment will be made on 10.10.2024 for the bill with a nominal value of TL 500,000,000, 364 days maturity, 3-month coupon payments, floating interest, with ISIN code TRFISGY72510, which was sold on 11.07.2024. The interest rate for the 1st coupon payment determined as 13.5470%.
Coupon and redemption payments were made for the financing bill with a nominal value of 200,000,000 TL, a maturity of 179 days, coupon payment at the end of maturity, and ISIN code TRFISGYE2413.
Following to negotiations for the sale of the Block 21, plots numbered 110 (on which Marmarapark Shopping Center is located) and the adjacent plots numbered 102 and 103, of which all are owned by our Company, a purchase offer for all of the plots has been made. Prior the sale of the plots to the bidder under the said purchase offer the followings has been decided at the Board of Directos' meeting held on 23/09/2024;
To submit a proposal for the sale of the plot no. 110 to Istanbul 1 Gayrimenkul Yönetimi A.Ş. with a sales price of TL 2,711,908,000 + VAT within the framework of the pre-emption right held by Istanbul 1 Gayrimenkul Yönetimi A.Ş.
To submit a proposal for the sale of plots no. 102 and 103, which are adjacent to the relevant plot 110, to the said company for a total price of TL 15,365,000 + VAT within the scope of the sale proposal of the said plot no. 110
And to sell plot 110 together with plots 102 and 103 to Istanbul 1 Gayrimenkul Yönetim A.Ş.in case the offer is accepted.
At the meeting of the Board of Directors held on 16 September 2024, it has been decided to authorize the General Directorate of the Company to conduct negotiations regarding the purchase offers from potential buyers and to collect purchase offers within the scope of the sale of parcel 110 where Marmarapark Shopping Mall is located and adjacent parcels 102 and 103 and Maslak Office Building located in Sarıyer district, Istanbul.
In contradiction between the Turkish and English versions of this public disclosure, the Turkish version shall prevail.
The 1st coupon payment was made for the bill with a nominal value of TL 400,000,000, 364 days maturity, quarterly coupon payments and TRFISGY62511 ISIN code.
The 1st coupon payment was made for the bill with a nominal value of TL 400,000,000, 364 days maturity, quarterly coupon payments and TRFISGY62511 ISIN code.
The 1st coupon payment will be made on 12.09.2024 for the bill with a nominal value of TL 400,000,000, 364 days maturity, 3-month coupon payments, floating interest, with ISIN code TRFISGY62511, which was sold on 13.06.2024. The interest rate for the 1st coupon payment determined as 13.6845%.
The 1st coupon payment will be made on 12.09.2024 for the bill with a nominal value of TL 400,000,000, 364 days maturity, 3-month coupon payments, floating interest, with ISIN code TRFISGY62511, which was sold on 13.06.2024. The interest rate for the 1st coupon payment determined as 13.6845%.
Our company has completed the issuance of the corporate bill with a nominal value of 150,000,000 TL a maturity of 364 days and a every 3 months payment at the end of maturity, which has been offered for sale to qualified investors. The maturity start date of the corporate bill is 20.08.2024 and maturity date 19 August 2025. The interest rate is set at TLREF + %1.
Our company has completed the issuance of the corporate bill with a nominal value of 150,000,000 TL a maturity of 364 days and a every 3 months payment at the end of maturity, which has been offered for sale to qualified investors. The maturity start date of the corporate bill is 20.08.2024 and maturity date 19 August 2025. The interest rate is set at TLREF + %1.
The 1st coupon payment will be made today for the bill with a nominal value of TL 200,000,000, 364 days maturity, 3-month coupon payments, floating interest, with ISIN code TRFISGY52512, which was sold on 16.05.2024. The interest rate for the 1st coupon payment determined as 13.7640%.
3rd Coupon Payment of Corporate Bond TRSISGY82512 has been made
The 1st coupon payment was made for the bill with a nominal value of TL 200,000,000, 364 days maturity, quarterly coupon payments and TRFISGY52512 ISIN code.
The 1st coupon payment will be made today for the bill with a nominal value of TL 200,000,000, 364 days maturity, 3-month coupon payments, floating interest, with ISIN code TRFISGY52512, which was sold on 16.05.2024. The interest rate for the 1st coupon payment determined as 13.7640%.
3rd Coupon Payment of Corporate Bond TRSISGY82512 has been made
The 1st coupon payment was made for the bill with a nominal value of TL 200,000,000, 364 days maturity, quarterly coupon payments and TRFISGY52512 ISIN code.
2nd coupon payment of Corporate Bond TRSISGY12519 has been made.
2nd coupon payment of Corporate Bond TRSISGY12519 has been made.
Our company has completed the issuance of the corporate bill with a nominal value of 350.000.000 TL a maturity of 269 days and a every 3 months payment at the end of maturity, which has been offered for sale to qualified investors. The maturity start date of the corporate bill is 16.07.2024 and the interest rate is set at TLREF + %1.
Our company has completed the issuance of the corporate bill with a nominal value of 350.000.000 TL a maturity of 269 days and a every 3 months payment at the end of maturity, which has been offered for sale to qualified investors. The maturity start date of the corporate bill is 16.07.2024 and the interest rate is set at TLREF + %1.
Our company has completed the issuance of the corporate bill with a nominal value of 500.000.000 TL a maturity of 364 days and a every 3 months payment at the end of maturity, which has been offered for sale to qualified investors. The maturity start date of the corporate bill is 11.07.2024 and the interest rate is set at TLREF + %1.
Coupon and redemption payments were made for the financing bill with a nominal value of 200,000,000 TL, a maturity of 119 days, coupon payment at the end of maturity, and ISIN code TRFISGY62412.
Our company has completed the issuance of the corporate bill with a nominal value of 200.000.000 TL a maturity of 364 days and a every 3 months payment at the end of maturity, which has been offered for sale to qualified investors. The maturity start date of the corporate bill is 17.05.2024 and the interest rate is set at TLREF + %1,5.
Our company has completed the issuance of the corporate bill with a nominal value of 400.000.000 TL a maturity of 364 days and a every 3 months payment at the end of maturity, which has been offered for sale to qualified investors. The maturity start date of the corporate bill is 13.06.2024 and the interest rate is set at TLREF + %1.
2nd Coupon Payment of Corporate Bond TRSISGY82512 has been made.
1st Coupon Payment of Corporate Bond TRSISGYK2519 has been made.
Our company has completed the issuance of the corporate bill with a nominal value of 200,000,000 TL a maturity of 179 days and a single coupon payment at the end of maturity, which has been offered for sale to qualified investors. The maturity start date of the corporate bill is 05.04.2024 and the coupon interest rate is set at %29,4247
In accordance with the Corporate Governance Communiqué of the Capital Markets Board No. II-17.1, in order to work within the framework of the working principles of the Company's Board of Directors Committees, it was decided;
Ordinary General Assembly Meeting regarding 2023,was held on 26 March, 2024, at 10:00, in İş Sanat Kültür Merkezi İş Kuleleri Levent–Beşiktaş/İstanbul. In the general assembly meeting;
At our Company's Ordinary General Assembly Meeting for the year 2023 held on 26.03.2024, it was decided to;
At the Ordinary General Assembly meeting held on March 26, 2024, it was resolved to appoint PwC Bağımsız Denetim ve Serbest Muhasebeci Mali Müşavirlik A.Ş. as the independent audit institution for the fiscal year 2024.
The amendments to articles 3, 5, 6, 7, 9, 14 and 31 of the Company's Articles of Association were approved in the Ordinary General Assembly Meeting that was held on 26 March, 2024.
At the meeting of Board of Directors held on March 26, 2024; Mr. Can Yücel was elected as the Chairman of the Board of Directors and Mr. Murat Karluk Çetinkaya was elected as the Deputy Chairman of the Board of Directors.
At the meeting of Board of Directors which was held on March 25, 2024, it was decided to authorize Levent Varlık Kiralama Anonim Şirketi as "Issuer Asset Leasing Company" and İş Yatırım Menkul Değerler A.Ş. as intermediary and financial consultant in issuing transactions within the scope of issuing Sukuk based on management contract worth up to TL 5 billion tobe sold within 1 year from CMB approval of the issuance document and to authorize the General Directorate for the execution of the related transactions. The issued instruments will besold through private placement to qualified investors in domestic market without being offered to the public.
The amendment text prepared for the amendment of articles numbered 3, 5, 6, 7, 9, 14 and 31 of our Company's Articles of Association, was approved by the Ministry of Commerce letter dated 20.03.2024 and numbered E-50035491-431.02-00095132858. The amended articles of the Company's Articles of Association will be submitted to the approval of the shareholders at the Ordinary General Assembly meeting dated 26.03.2024.
It was unanimously decided to authorize the Head Office regarding the issuance of debt instruments worth up to TL 8,000,000,000 TL with a maturity up to 1.200 days. The issued instruments will be sold to qualified investors or sold through private placement without being offered to the public. Within this resolution scope, necessary approval application has been made to the Capital Markets Board today.
The list of independent board of directors candidates to be submitted for approval at our company's Ordinary General Assembly meeting to be held on 26.03.2024 consists of Prof. Oğuz Cem Çelik, Mr. İlkay Arıkan and Mr. Mehmet Gökpınar. An application was made to the Capital Markets Board for independent Board Member candidates in accordance with principle number 4.3.7 of the Corporate Governance Communiqué, and the Board did not express a negative opinion about our independent board member candidates in its letter dated 12.03.2024 and numbered E-12233903-110.07.07-51043. The résumés and independence statements of the Independent Board Member candidates are included in the annex of our statement.
The attached amendment text prepared for the amendment of articles numbered 3, 5, 6, 7, 9, 14 and 31 of our Company's Articles of Association, was approved by the Capital Markets Board's letter dated 11.03.2024 and numbered E-12233903-340.17-51008. The amended articles of the Company's Articles of Association will be submitted to the approval of the shareholders at the Ordinary General Assembly meeting dated 26.03.2024, following the approval of the Ministry of Commerce.
It was unanimously decided to authorize the Head Office regarding the issuance of debt instruments worth up to TL 8,000,000,000 TL with a maturity up to 1.200 days. The issued instruments will be sold to qualified investors or sold through private placement without being offered to the public.
ISGYO’s Ordinary General Assembly Meeting for the accounting period 2023 will be held at the address of İş Sanat Kültür Merkezi İş Kuleleri Levent-Beşiktaş/Istanbul at 10:00 on Wednesday, 26 March 2024.
1st coupon payment of Corporate Bond TRSISGY82512 has been made.
Our company has completed the issuance of the corporate bill with a nominal value of 200,000,000 TL a maturity of 119 days and a single coupon payment at the end of maturity, which has been offered for sale to qualified investors. The maturity start date of the corporate bill is 16.02.2024 and the coupon interest rate is set at 15,3233%.
“At İş REIC, we believe in the importance of women's place in economic life and we support women's empowerment. We aim to improve the participation of women in work life and additionally we provide women with equal access to senior management and participation in decision-making processes. By signing the Women’s Empowerment Principles, we demonstrate all our stakeholders that we are committed to pursue gender equality in all of our operations and contribute to increasing gender equality practices and awareness.”
Ömer Barlas Ülkü
Chief Executive Officer
This is the statement made in accordance with Article 37/2 of the Capital Markets Board's Communiqué on Principles Concerning Real Estate Investment Trusts.
By the end of 2023, comparing the annual appraisal rental income corresponding to the average occupancy on an annual basis, the rental income of Ege Perla Shopping Center in our portfolio, has been realized below the appraisal rent due to the failure to reach the predicted turnover levels. The rental appraisal fee of Ege Perla Shopping Center for 2023 is TL 22.3 million, excluding VAT and the rental income obtained from the asset for 2023 is TL 19.8 million, excluding VAT. In addition, the rental income of Paşabahçe store in Ege Perla Shopping Center, which was rented to a related party through a turnover based rental agreement, has been realized below the appraisal rental value.
The relevant issue will be included in the agenda of the first general assembly meeting and shareholders will be informed.
At the meeting of our Board of Directors held on January 31, 2024, in accordance with Article 35 titled Selection of the real estate appraisal company of the Capital Markets Board's Communiqué on the Principles of Real Estate Investment Trusts numbered (III–48.1) it was decided;
1st coupon payment of Corporate Bond TRSISGY12519 has been made.
Our company has completed the issuance of the corporate bill with a nominal value of 450.000.000 TL a maturity of 175 days and a single coupon payment at the end of maturity, which has been offered for sale to qualified investors. The maturity start date of the corporate bill is 24.01.2024 and the coupon interest rate is set at 21,5753%.
In accordance with the Article 40 (40/3/ç) of the Capital Markets Board's Communiqué on Principles of Real Estate Investment Companies, within the framework of the collective disclosure of purchases, sales or leasing transactions not exceeding 2% of the total assets contained in our last publicly disclosed financial statements; in 2023 our Company carried out sales transactions amounting to approximately TL 951.4 million + VAT from the units sales in our real estate projects. Also, regarding the real estate portfolio, the amount of rental transactions realized in 2023, including renewed contracts, is approximately TL 236.3 million + VAT.