TSKB Real Estate Investment Trust Inc. (TSKB REIT) has signed a cooperation protocol with the Alzheimer’s Association of Türkiye (TAD) to support Alzheimer’s patients and their families. The cooperation aims to provide support to individuals living with Alzheimer’s disease and their families, while also raising awareness and strengthening public consciousness on the issue.
TSKB REIT has signed a cooperation protocol with the Alzheimer’s Association of Türkiye. The signing ceremony, held at Türkiye’s first Alzheimer Day Care Center, took place with the participation of Dilek Şahinöz, Chair of the Board of the Alzheimer’s Association of Türkiye, and Cengaver Yıldızgöz, General Manager of TSKB REIT. The cooperation marks a new step in the fields of social benefit and corporate social responsibility. Within this scope, the parties aim to support Alzheimer’s patients and their families, and to increase public awareness and consciousness.
Speaking at the signing ceremony, Cengaver Yıldızgöz, General Manager of TSKB REIT, stated that TSKB REIT is celebrating its 20th anniversary this year and emphasized that the company contributes to economic development through its operations and to cultural development through its social responsibility projects. Yıldızgöz said: “We believe that this cooperation with the Alzheimer’s Association of Türkiye goes beyond being a social responsibility project and represents an important step that will strengthen educational and awareness-raising efforts aimed at creating social awareness. As TSKB REIT, we attach great importance to investing in sustainable and impactful social projects and consider this among our priorities.”
Within the scope of the cooperation, TSKB REIT and TAD will carry out joint projects to raise public awareness on Alzheimer’s disease and caregiving, organize training programs, and support TAD’s activities. While the Alzheimer’s Association of Türkiye prioritizes improving the quality of life of individuals affected by the disease and their families, it continues its activities in close cooperation with ministries, universities, healthcare institutions, and local authorities.
The Association also contributes to policymaking on Alzheimer’s disease and elderly health by serving on the advisory board affiliated with the General Directorate of Elderly Health under the Ministry of Family and Social Policies.
About TSKB REIT
Founded in 2006, TSKB Real Estate Investment Trust Inc. (TSKB REIT) is a portfolio management company that draws strength from the 75-year deep-rooted corporate heritage of TSKB, Türkiye’s first privately owned development and investment bank. Pursuing an investment strategy focused on sustainability, transparency, and innovation, the company focuses on qualified commercial real estate projects, primarily including offices, shopping centers, and tourism facilities, in line with its vision of “Partnering for the Future.” Continuously expanding its portfolio through projects that generate regular rental income and high added value, TSKB REIT is listed on Borsa Istanbul under the ticker symbol TSGYO. For detailed information: https://www.tskbgyo.com.tr/en
About the Alzheimer’s Association of Türkiye
The Alzheimer’s Association of Türkiye is a non-governmental organization founded in 1997 by relatives of patients and physicians specialized in Alzheimer’s disease. The Association provides services across Türkiye through 21 branches and representative offices. With a total of 1,500 members, it operates in its headquarters as well as in Istanbul Kadıköy, Istanbul Marmara, Ankara, Izmir, Mersin, Tunceli, Eskişehir, Denizli, Samsun, Kayseri, Bursa, Karabük, Adana, Konya, Manisa, Antalya, TRNC, Fethiye, and Van. For detailed information: https://www.alzheimerdernegi.org.tr/english/
TSKB Real Estate Investment Trust Inc. (TSKB REIT) has earned the internationally recognized Great Place To Work® Certification following a comprehensive assessment process conducted in more than 60 countries. Achieving an outstanding 94% Trust Index™ score, TSKB REIT demonstrated its strong corporate culture, high employee engagement, and management approach focused on fostering a high-trust workplace and long-term cultural sustainability. The Great Place To Work® Certification, which recognizes organizations that cultivate a culture of trust and employee well-being, also helps companies identify development areas while strengthening a positive workplace experience. Commenting on the achievement, Cengaver Yıldızgöz, General Manager of TSKB REIT, said: “Receiving the Great Place To Work® Certification with outstanding scores across the core dimensions of trust, respect, fairness, pride, and camaraderie is a strong reflection of our loyalty-driven corporate culture and collaborative team spirit. As we prepare to celebrate our 20th anniversary, we will continue to strengthen our culture of shared success and further advance our strategic vision with the support of TSKB’s strong institutional heritage.”
TSKB REIT has been awarded the internationally recognized Great Place To Work® Certification in recognition of its people-centered management approach that places employee well-being at the heart of its corporate culture. With this achievement, TSKB REIT ranks among the pioneering organizations in Türkiye to receive the certification.
Recognized as one of the world’s most respected authorities on workplace culture, Great Place To Work® is a global organization operating in more than 60 countries, providing internationally recognized workplace culture assessments and certifications.
The certification, awarded to TSKB REIT, a subsidiary of the Industrial Development Bank of Türkiye (TSKB), validates the company’s management approach that prioritizes not only economic performance but also cultural sustainability. Achieving a 94% Trust Index™ score further reinforces the company’s reputation among both internal and external stakeholders.
Throughout the assessment process measuring employee engagement and workplace culture, TSKB REIT demonstrated outstanding performance in leadership, collaboration, authenticity, fairness, innovation, and employees’ sense of belonging.
Building a High-Trust and Highly Engaged Workplace
Guided by a culture of belonging, inclusiveness, and inspiring leadership, TSKB REIT considers employee experience a strategic priority. Through its equitable workplace practices, employees are encouraged to be themselves, openly share their ideas, and communicate directly with management. This strong organizational culture has enabled the company to build a workplace characterized by high levels of trust and employee engagement, distinguishing TSKB REIT within its sector.
In addition to enhancing employee motivation and engagement, the certification process provides valuable employee feedback that helps identify opportunities for continuous improvement. As a result, it contributes to stronger internal communication and supports the ongoing development of a sustainable, trust-based workplace culture.
Cengaver Yıldızgöz: “We Have Built a Strong Corporate Culture Based on Belonging and Trust”
Commenting on the certification, Cengaver Yıldızgöz, General Manager of TSKB REIT, said:
“Receiving the Great Place To Work® Certification with exceptionally high scores across the core dimensions of trust, respect, fairness, pride, and camaraderie is a powerful endorsement of the culture of trust we have built and the strong team spirit shaped around our shared values. We regard employee satisfaction not simply as an objective, but as a fundamental driver of sustainable success. The corporate culture we have built around belonging, trust, and fairness enables our employees to express themselves freely within a sincere, inclusive, and impartial working environment. We embrace an inspiring and inclusive leadership approach and believe in growing together. While the Great Place To Work® Certification validates the values that have long been embedded in our culture, it has also provided valuable insights through employee feedback, helping us clearly identify areas for continuous improvement. As we prepare to celebrate our 20th anniversary in 2026, we will continue to grow through our culture of shared success. This achievement, supported by the strong institutional values of TSKB, will further strengthen our strategic vision for the future.”
In its disclosure to the Public Disclosure Platform (KAP) dated December 31, 2024, TSKB Real Estate Investment Trust Inc. (TSKB REIT) announced:
“Ms. Nurlan Erol, General Manager of our Company, has submitted his request to retire effective December 31, 2024. Accordingly, the Board of Directors has resolved to appoint Mr. Cengaver Yıldızgöz as General Manager of the Company, effective January 1, 2025.”
Cengaver Yıldızgöz graduated from the Department of Business Administration (English) at Yeditepe University. While continuing his professional career, he completed his MBA with concentrations in Finance and Management at the same university. During his undergraduate studies, he also served as a Research Assistant.
Yıldızgöz began his professional career at the headquarters of Doğan Şirketler Grubu Holding Inc., where he held various managerial positions for ten years in the areas of finance, portfolio management, financial affairs, and investor relations.
He joined TSKB REIT in 2010 and has since served in several key leadership roles, including Deputy General Manager, Member of the Corporate Governance Committee, and Member of the Board of Directors of Anavarza Otelcilik Inc. (Divan Adana Hotel).
Effective January 1, 2025, Cengaver Yıldızgöz has been appointed as General Manager of TSKB Real Estate Investment Trust Inc.
Industrial Development Bank of Türkiye (TSKB) has obtained the required approval from the Capital Markets Board of Türkiye (CMB) to establish a Real Estate Investment Trust (REIT). Through its newly established REIT, TSKB will extend its extensive expertise in real estate valuation to the investment management field.
In addition to being Türkiye’s first privately owned development and investment bank, TSKB is also one of the country’s leading licensed real estate valuation institutions. The Capital Markets Board of Türkiye approved the incorporation of TSKB Gayrimenkul Yatırım Ortaklığı A.Ş. (TSKB REIT) at its meeting held on December 21, 2005. The company was approved with a registered capital ceiling of YTL 100 million and an initial paid-in capital of YTL 10 million.
Since establishing TSKB Real Estate Appraisal Co. in 2003, TSKB has become one of Türkiye’s leading licensed real estate valuation companies. Having been named “Best Real Estate Adviser in Türkiye” by Euromoney magazine in 2005, TSKB will now leverage this significant expertise through its newly established REIT, offering investors access to its extensive know-how in the real estate sector.
With its in-depth knowledge of Türkiye’s real estate market, TSKB aims to build an attractive and well-balanced investment portfolio consisting of efficient, liquid, and high-yield real estate assets through TSKB REIT. Combining the 55 years of investment and development banking experience of its founding institution with its expertise in real estate valuation, TSKB REIT aims to become a leading and trusted company in the sector. The establishment of the REIT is also expected to contribute to the growth of TSKB’s total assets while maintaining a strong focus on operational efficiency and profitability.
As the next step, TSKB will commence the incorporation, organizational structuring, and portfolio development activities of the REIT. Subject to the applicable Capital Markets Board regulations and prevailing market conditions, the company is expected to complete its initial public offering (IPO) in due course.
Industrial Development Bank of Türkiye (TSKB), Türkiye’s first privately owned development and investment bank, is extending its expertise in the real estate sector through the establishment of TSKB Real Estate Investment Trust Inc. (TSKB REIT). With a sound and profitable portfolio, the newly established company aims to offer investors an attractive real estate investment vehicle.
Combining its expertise in investment banking and real estate, TSKB has established TSKB Real Estate Investment Trust Inc. (TSKB REIT). The company was officially introduced at a launch event held at Çırağan Palace on Tuesday, December 5, and commenced operations with an initial paid-in capital of YTL 10 million.
Speaking at the event, Korkut Ün, General Manager of TSKB REIT, expressed his confidence that the company, supported by TSKB’s long-standing expertise and experience, would soon establish itself as a leading and trusted player in the sector. He stated:
“Through TSKB Real Estate Investment Trust Inc., we aim to build an attractive and well-balanced investment portfolio consisting of efficient, liquid, and high-yield real estate assets. In line with this objective, we are continuing our efforts to establish a sound and profitable real estate portfolio for our investors.”
TSKB General Manager Halil Eroğlu also addressed the audience at the launch ceremony, stating:
“Drawing on TSKB’s more than half a century of experience in investment and development banking, TSKB REIT aims to become a key player in real estate investments, particularly in the commercial and industrial sectors. Backed by the strength and support of TSKB, the company is committed to delivering sustainable and attractive returns to its shareholders.”
TSKB Real Estate Investment Trust Inc. (TSKB REIT) officially launched the Pendorya Shopping Center project, to be developed in Pendik, at an event held at Esma Sultan Mansion on May 29. The launch brought together senior executives from leading retail chains and members of the press, while the evening featured a live performance by the renowned music group Dolapdere Big Gang.
Planned for completion in 2009, Pendorya Shopping Center was introduced to invited guests and the media during the launch event. Located in Pendik on Istanbul’s Asian side, at the Pendik–Kaynarca junction with direct frontage on the D-100 (E-5) Highway, the project enjoys close proximity to Pendik town center, the coastal road, and Sabiha Gökçen International Airport.
Pendorya is expected to bring a new dimension to Pendik, one of the fastest-growing districts on Istanbul’s eastern side, benefiting from ongoing investments including new residential developments, a marina, a university, a technology park, and exhibition facilities.
Ataman Group is one of the project’s development partners and is also providing project development consultancy services.
Pendorya: A Colorful Stop for Shopping and Leisure
Pendorya is designed to become more than just a shopping destination for residents of Pendik and the surrounding area. Positioned along one of Istanbul’s busiest transportation corridors, it aims to serve everyone traveling along the D-100 (E-5) Highway by offering a convenient and enjoyable stop where visitors can meet all of their shopping and leisure needs. The shopping center will feature 130 retail units, including a hypermarket, an electronics retailer, and a cinema complex, together with a food and beverage area accommodating approximately 1,000 guests. Combining convenience, spacious design, and comfort, Pendorya will also include the region’s largest electronics store and complimentary parking for 1,000 vehicles. Its distinctive architectural concept, featuring upper and lower plazas seamlessly connected through open and enclosed spaces, is designed to create a unique shopping experience.
Pendorya’s catchment area extends from Maltepe in the west to Gebze in the east, and northward to the Tuzla–Akfırat region, benefiting from excellent accessibility via major highways and convenient connections to sea transportation.
Why Pendik?
Since its establishment, TSKB REIT has focused on building a profitable and sustainable real estate portfolio. The Pendorya project was selected following a comprehensive evaluation of Pendik’s long-term growth potential. Key factors supporting the investment include the district’s proximity to Sabiha Gökçen International Airport and Istanbul Park, its planned Exhibition and Congress Center, its future marina development, its potential to become a major business and financial hub as well as an important education center, and its well-planned urban infrastructure supported by high-quality residential developments. Excellent transportation links through Türkiye’s major highway network and convenient access to maritime transportation further enhance the strategic attractiveness of the project’s location.
About TSKB REIT
TSKB Real Estate Investment Trust Inc. (TSKB REIT) was established in early 2006 by Türkiye Sınai Kalkınma Bankası A.Ş. (TSKB), Türkiye’s first privately owned development and investment bank. Since its establishment, the company has focused on building a profitable and sustainable real estate portfolio, with particular emphasis on commercial real estate investments. Drawing on TSKB’s more than fifty years of experience in development and investment banking, TSKB REIT aims to become a leading investor in commercial and industrial real estate. Its investment focus includes office buildings, shopping centers, tourism facilities, hospitals, and logistics warehouses. While Istanbul and its surrounding regions remain key investment markets, the company also evaluates opportunities in emerging cities across Türkiye. In addition to commercial real estate, selected residential development projects are also considered where they offer attractive investment potential.
Pendorya Shopping and Lifestyle Center, developed by TSKB REIT in Pendik, is scheduled to open in the fourth quarter of 2009.
TSKB REIT Signs Lease Agreement with Kipa for Pendorya Shopping and Lifestyle Center
TSKB Real Estate Investment Trust Inc. (TSKB REIT) has signed a lease agreement with Kipa for the 8,500-square-meter hypermarket space at Pendorya Shopping and Lifestyle Center, which is currently under development in Pendik, one of Istanbul's rapidly growing districts.
The lease agreement was signed between TSKB REIT and Kipa Kitle Pazarlama A.Ş.
Speaking at the signing ceremony, Korkut Ün, General Manager of TSKB REIT, stated that the company has adopted the principle of developing commercially and socially sustainable projects as "a reliable business partner" and "an investor that values expertise," drawing on the nearly 60-year institutional heritage of its founding shareholder, TSKB.
Recalling that construction of Pendorya Shopping and Lifestyle Center began in Pendik last year, Ün said:
"Pendorya is progressing rapidly toward becoming a shopping destination where not only the residents of Pendik and the surrounding area, but also everyone traveling along the D-100 (E-5) Highway, can conveniently meet all their shopping and lifestyle needs under one roof. Despite the global economic crisis affecting both Türkiye and international markets, we have remained fully committed to our investment and continue construction as planned. As promised, we are on track to open our doors in the fourth quarter of 2009. The confidence shown in our project by one of the retail sector's leading companies, Kipa, further reinforces our belief in the project's success."
Ün continued:
"Pendorya will offer comfort and convenience through its 80,000 square meters of gross built area, 31,000 square meters of gross leasable area (GLA), an 8,500-square-meter hypermarket, a 5,500-square-meter electronics store, 135 retail units, a food and beverage area with seating for approximately 1,000 guests, and complimentary parking for 1,000 vehicles. Featuring upper and lower plazas connected through seamless indoor and outdoor spaces, Pendorya is designed to become an enjoyable destination for visitors. Beyond its distinctive architecture, the project will also differentiate itself through a carefully curated retail mix and a professionally managed operating concept, offering an attractive alternative within the retail sector."
Korkut Ün also announced that TSKB REIT had selected TESCO Kipa, one of Türkiye's leading fast-moving consumer goods (FMCG) retailers, to operate the hypermarket within Pendorya Shopping and Lifestyle Center. He added:
"We are delighted to bring Kipa's trusted retail experience and high service standards to Pendorya's visitors."
Pendorya Shopping and Lifestyle Center
Gross Built Area 80,000 sqm
Gross Leasable Area (GLA) 31,000 sqm
Number of Retail Units 135
Food & Beverage Seating Capacity 1,000
Parking Capacity 1,000 vehicles
Hypermarket 8,500 sqm
Electronics Store 5,500 sqm
Planned Opening Fourth Quarter of 2009
A Strong Retail Mix
With its distinctive architecture, strategic location and innovative service approach, Pendorya Shopping Center stands out as a retail destination reflecting the dynamic transformation of Pendik and its surrounding region. The project also attracts attention with its unique features and market-leading offerings.
Tesco Kipa, one of the world’s and Türkiye’s leading retail chains, is welcoming customers in Pendik through its third Istanbul store, occupying an area of 8,500 square meters at Pendorya Shopping Center. In addition, MediaMarkt, one of Europe’s largest consumer electronics retailers, has opened the largest electronics store on Istanbul’s Asian side, covering 5,500 square meters. The eight-screen AFM Cinema complex, with a seating capacity of 1,000, further enhances the project’s appeal as the first cinema complex located on the Maltepe–İzmit corridor.
Pendorya offers a total gross built area of 80,000 square meters and a gross leasable area (GLA) of 31,000 square meters. Its architectural concept was designed by taking into consideration the needs of both retailers and visitors. The shopping center features 105 retail units, a food and beverage area with seating capacity for 1,000 guests, and complimentary parking for 1,000 vehicles.
Speaking at the launch, REA Chairman of the Board Levent Küçüklerli stated that Pendorya has been designed as more than a shopping center, offering an enjoyable social destination for visitors of all ages. He noted that Pendorya distinguishes itself from both its surroundings and comparable developments through its architectural design.
Emphasizing that Pendorya represents a successful example of a third-generation shopping center, with interior spaces designed to maximize natural daylight and outdoor common areas that allow visitors to enjoy open-air experiences, Küçüklerli said:
“Developed in line with the expectations of the retail sector and the needs of the region, Pendorya is set to become the leading shopping center in the area thanks to its location on the D-100 (E-5) Highway, carefully curated retail mix and distinctive architectural design.” Küçüklerli also noted that the project was developed under the slogan “A World Full of Gifts” and announced the launch of PendoryaCard, a unique customer loyalty program.
PendoryaCard: The Key to a World of Rewards
Through PendoryaCard, visitors will earn reward points every time they enter the shopping center and with every purchase they make. Accumulated points can be redeemed for priority access to Pendorya’s events as well as a wide range of rewards, including dining experiences, hotel stays, concert and sports event tickets, educational courses, seminars and holiday packages.
In addition, PendoryaCard is planned to be integrated with participating restaurants within the shopping center as well as selected restaurants, fuel stations and other partner businesses outside Pendorya through cross-promotional partnerships.
Opening Celebration with Cem Ceminay on December 19
As part of its grand opening celebrations between December 17–20, Pendorya Shopping Center will welcome visitors with a wide variety of entertainment and family activities, including karaoke, children’s disco performances, marching bands and caricature artists. On December 19, the official opening party will be hosted by renowned DJ Cem Ceminay.
Stores at Pendorya Shopping Center
AFM Cinemas, MediaMarkt, Tesco Kipa, Mango, LC Waikiki, Koton, Adil Işık, FLO, Kemal Tanca, Sevil Parfümeri, D&R, Damat, Adidas, Yataş, Eser, Ten, Magiss Accessories, Euromoda, Giya Jewellery, Bohem Silver, Turkish Airlines (THY), Selena Optik, Özlem Saat, Efor, Batik, Deep Box, Dost Saat, Mavi, Gratis, English Home, Bücürük, Polaris, Gümüşiştan, Gül Optik, Playland, Cafe Crown, Turkcell, Avea, Simge Modaevi, Marmariz Büfe, Simit Sarayı, Ceren Baharat, Pendorya Pharmacy, Juice & Chocolate, Dr. Fresh, Çokk Şeker, Telekom, Burger King, Sbarro, Popeyes, Sultanahmet Köfte, Islama Adapazarı Köftecisi, Halfezade Lahmacun, Mantı Keyfi, Aras Bey, Bereket Döner, Tobacco Shop, Atom Tost, Kayseri Mutfağı, Değirmen, Beyzade, Kuru Mekan, Kırmızı Şato, Alpedo, Lescon, Tox Car Wash, Samatlı Toys and Hatay Ekol Künefe.
Pendorya Shopping Center at a Glance
Why Pendik?
Pendik has undergone significant transformation through ongoing residential developments, the expansion of the airport, marina investments and other tourism projects, making it one of the fastest-growing districts on Istanbul’s Asian side. Although the majority of the population in Pendik and its surrounding area currently belongs to the middle- and lower-middle-income segments, the district’s demographic profile has been evolving through planned residential developments and new investments, resulting in increasing demand from middle- and upper-income households. The Coastal Road and the Akfırat–Tepeören area also stand out as locations with strong disposable income and significant consumer potential. More than two million people live within a 20-kilometre radius of Pendik. The catchment area extends across Maltepe, Kartal, Pendik, Tuzla, Akfırat, Kurtköy, Samandıra, Darıca, Bayramoğlu and Sultanbeyli, while also serving a large student population attending Sabancı University, Okan University and Maltepe University. In addition to serving as one of Istanbul’s primary gateways between Anatolia and Europe, Pendik is expected to become an even more prominent residential and commercial hub in the coming years, supported by the continued expansion of Sabiha Gökçen International Airport and the planned Silicon Valley technology development zone.
Pendorya Shopping Center Continues Its Opening Celebrations on December 26–27
Pendorya Shopping Center, which is bringing a new shopping and lifestyle experience to Pendik, one of the fastest-growing districts on Istanbul’s Asian side, will continue its grand opening celebrations and special promotions on December 26–27.
Pendorya Shopping Center, the first investment of TSKB Real Estate Investment Trust Inc. (TSKB REIT), officially opened its doors to visitors on December 17, 2009. Following the strong interest shown during its opening week, the shopping center will continue to welcome visitors with a variety of entertaining activities throughout the weekend.
Offering 80,000 sqm of gross built area and 31,000 sqm of gross leasable area (GLA), Pendorya Shopping Center has prepared a wide range of surprises and activities for children, parents and young visitors on December 26–27.
Children’s entertainment, balloon artists, clowns and face-painting activities are among the attractions awaiting visitors looking to enjoy a fun-filled weekend at Pendorya Shopping Center.
Pendorya Shopping Center’s “Prize Wheel” Keeps the Surprises Coming
Following its successful launch weekend, Pendorya Shopping Center—promoted under the slogan “A World Full of Gifts” will continue rewarding visitors through its Prize Wheel promotion on December 26–27.
In addition, shoppers at Pendorya Shopping Center will have the opportunity to win hundreds of cinema tickets for AFM Cinemas, thousands of complimentary cups of coffee from Cafe Crown, and hundreds of TRY 10 gift vouchers from D&R.
“A World Full of Gifts” Continues Throughout the Year
Home to MediaMarkt, the largest consumer electronics store on Istanbul’s Asian side, the region’s largest eight-screen AFM Cinema, and an 8,500 sqm Kipa Hypermarket, Pendorya Shopping Center offers a spacious and comfortable shopping experience with 105 retail units and a food and beverage area accommodating 1,000 guests.
Recognized as one of Türkiye’s finest examples of a third-generation shopping center, Pendorya is located at the Pendik–Kaynarca junction on Istanbul’s Asian side, with direct frontage on the D-100 (E-5) Highway.
With its distinctive architecture and contemporary design, Pendorya has introduced a new dimension to Pendik, one of the emerging commercial and lifestyle destinations on Istanbul’s Asian side.
Pendorya Shopping Center Welcomes 2010 with 2,010 Gifts
Operating under the slogan “A World Full of Gifts,” Pendorya Shopping Center is celebrating the New Year by offering visitors a wide range of surprise gifts.
Having opened its doors on December 17, 2009, in Pendik one of the fastest-growing districts on Istanbul’s Asian side Pendorya Shopping Center continues to welcome visitors under its “A World Full of Gifts” concept, offering exciting opportunities to win special prizes as the New Year approaches.
To celebrate the arrival of 2010, Pendorya Shopping Center will distribute 2,010 gifts to its visitors between December 30 and January 3, creating a memorable New Year shopping experience.
Operating under the “A World Full of Gifts” concept, Pendorya Shopping Center will continue to surprise visitors with special promotions and gifts throughout the year.
About Pendorya Shopping Center
Pendorya Shopping Center offers visitors a spacious and comfortable shopping experience with 105 retail units and a food and beverage area accommodating 1,000 guests. The center is home to MediaMarkt, the largest consumer electronics store on Istanbul’s Asian side, the region’s largest eight-screen AFM Cinema, and an 8,500 sqm Kipa Hypermarket.
Recognized as one of Türkiye’s leading examples of a third-generation shopping center, Pendorya is strategically located at the Pendik–Kaynarca junction on Istanbul’s Asian side, with direct frontage on the D-100 (E-5) Highway.
Distinguished by its contemporary architecture, Pendorya has introduced a new dimension to Pendik, which has become one of the emerging commercial and lifestyle destinations on Istanbul’s Asian side.
Pendorya Shopping Center Brings a Giant Planetarium to Children During the Semester Break
Pendorya Shopping Center, which has brought a new shopping and lifestyle experience to Pendik one of the fastest-growing districts on Istanbul’s Asian side has prepared a colorful programme of activities to offer its young visitors an enjoyable semester break.
Pendorya Shopping Center, the first investment of TSKB Real Estate Investment Trust Inc. (TSKB REIT), has planned a different activity for each day of the semester holiday beginning on January 22. From Pafin, Türkiye’s first and only mobile children’s bookstore, to the Planetarium Space Dome, sculpture workshops and children’s entertainment, “A World Full of Gifts” at Pendorya offers a wide range of fun-filled activities for families and children. In addition, the first 1,000 children visiting Pendorya Shopping Center with their report cards during the semester break will receive a complimentary cinema ticket.
Free Cinema Tickets for the First 1,000 Children Bringing Their Report Cards
Remaining true to its “A World Full of Gifts” concept through ongoing surprises and thousands of gifts distributed to its visitors, Pendorya Shopping Center will reward the first 1,000 children who visit the shopping center with their report cards during the semester break with complimentary cinema tickets.
The tickets will be valid for three new children’s movies to be screened at AFM Cinemas, located within Pendorya Shopping Center, offering young visitors a special semester holiday gift.
Children Will Experience the Space Age at Pendorya
Among the special attractions prepared for children during the semester break is the Planetarium Space Dome.
Between February 3–6, children visiting Pendorya Shopping Center will be able to participate free of charge in 20-minute space simulation sessions inside a specially designed 40-square-meter inflatable planetarium dome. Through this unique experience, young visitors will have the opportunity to explore the wonders of space.
A Colorful Semester Holiday Programme at Pendorya
Pafin Mobile Children’s Bookstore
Children visiting the Pafin Mobile Children’s Bookstore at Pendorya Shopping Center will receive professional guidance in selecting books appropriate for their age and interests. They will be able to choose from more than 4,000 carefully selected titles from Turkish and international children’s literature to build their own personal libraries.
January 23–24, 2010 (Saturday–Sunday)
Animation Shows with Erkan Çubukçu
Erkan Çubukçu and his animation team will entertain children throughout the day with lively stage performances and interactive activities.
January 27, 2010 (Wednesday)
“Before You Know It, You’ve Shrunk!”
A creative workshop where children transform their own drawings on magical plastic sheets into personalized necklaces.
January 28, 2010 (Thursday)
“Even Stones Bloom When Touched with Love!” – Family Art Workshop
Children, together with their parents, will paint stones in a creative family art activity that encourages imagination and shared experiences.
January 29, 2010 (Friday)
“Cute Monsters” Workshop
Children will design and create their own friendly monster characters.
January 30, 2010 (Saturday)
“Pendorya is Full of Superheroes!” T-Shirt Workshop
Each child will create a personalized T-shirt featuring themselves as the superhero of their imagination.
January 31, 2010 (Sunday)
Crazy and Colorful Hats!
A creative foam sculpture workshop where colorful foam materials are transformed into imaginative hats designed by children.
February 3–6, 2010
Planetarium Space Dome
The 40-square-meter Planetarium Space Dome at Pendorya Shopping Center will offer children an immersive 20-minute space simulation experience throughout the event.
“A World Full of Gifts” Continues Throughout the Year
Pendorya Shopping Center will continue to surprise its visitors with special gifts, campaigns and promotional activities throughout the year.
About Pendorya Shopping Center
Pendorya Shopping Center offers a spacious and comfortable shopping experience with 105 retail units and a food and beverage area accommodating 1,000 guests. The center is home to MediaMarkt, the largest consumer electronics store on Istanbul’s Asian side, the region’s largest eight-screen AFM Cinema, and an 8,500 sqm Kipa Hypermarket.
Recognized as one of Türkiye’s leading examples of a third-generation shopping center, Pendorya is strategically located at the Pendik–Kaynarca junction on Istanbul’s Asian side, with direct frontage on the D-100 (E-5) Highway.
Distinguished by its contemporary architecture, Pendorya has introduced a new dimension to Pendik, one of the emerging commercial and lifestyle destinations on Istanbul’s Asian side.
Pendorya Shopping Center Celebrates Valentine’s Day with Surprise Gifts and Complimentary Demet Akalın Concert Tickets.
Operating under the slogan “A World Full of Gifts,” Pendorya Shopping Center is celebrating Valentine’s Day by offering visitors the chance to win complimentary tickets to Demet Akalın’s Valentine’s Day concert, along with thousands of surprise gifts.
Since opening its doors on December 17 under the concept of “A World Full of Gifts,” Pendorya Shopping Center has brought a new shopping and lifestyle experience to Pendik while continuing to delight its visitors with a variety of surprise gifts and promotional campaigns.
Following successful campaigns during its grand opening featuring the Prize Wheel, the “2,010 Gifts for 2010” New Year promotion, and the Semester Break Report Card Campaign for children, Pendorya Shopping Center is once again offering visitors the opportunity to win special prizes for Valentine’s Day.
On February 14, couples visiting Pendorya Shopping Center will have the chance to win complimentary tickets to Demet Akalın’s concert. Visitors will also have the opportunity to receive a variety of additional gifts, including cinema tickets and other surprise prizes.
The Dance of Love: Tango at Pendorya on Valentine’s Day
Pendorya Shopping Center will complement its Valentine’s Day celebrations with Tango and Flamenco performances, creating a memorable atmosphere for visitors.
Recognized around the world as the dance of love and passion, Tango will take center stage on Valentine’s Day as professional dancers perform a spectacular live show at Pendorya Shopping Center.
Pendorya Shopping Center will continue to surprise its visitors with special gifts, campaigns and promotional activities throughout the year.
About Pendorya Shopping Center
Pendorya Shopping Center offers a spacious and comfortable shopping experience with 105 retail units and a food and beverage area accommodating 1,000 guests. The center is home to MediaMarkt, the largest consumer electronics store on Istanbul’s Asian side, the region’s largest eight-screen AFM Cinema, and an 8,500 sqm Kipa Hypermarket.
Recognized as one of Türkiye’s leading examples of a third-generation shopping center, Pendorya is strategically located at the Pendik–Kaynarca junction on Istanbul’s Asian side, with direct frontage on the D-100 (E-5) Highway.
Distinguished by its contemporary architecture, Pendorya has introduced a new dimension to Pendik, one of the emerging commercial and lifestyle destinations on Istanbul’s Asian side.
TSKB REIT to start to book building for public offering
The first REIT public offering of 2010 is going to be realized by TSKB REIT. TSKB REIT, the subsidiary of TSKB, which is the first private capital development and investment bank of Turkey goes public.
Final stage has been reached for the public offering works started to increase the existing paid capital within the upper limit of the registered capital of TL 200 million of TSKB REIT from TL 100 million to 150 million. The TSKB REIT shares to be offered publicly through book building during April 1-2, will be sold at the price range of TL 1,05 – 1,16. With the public offering# a capital increase of TL 50 m will have been realized by the restriction of privilege rights.
Next week, right after the public offering, 33,33% shares of TSKB REIT will start to be quoted on the ISE. Income expected between TL 52,5 m and TL 58 m from public offering will be used in new projects of TSKB REIT being initially the hotel investment in Adana.
While TSKB will act as the leader of the consortium during the public offering, Yatırım Finansman Menkul Değerler will co-lead. There are further 21 broker companies in the consortium established.
The first REIT to go public in 2010 within the frame of public offering
The press conference hold on the occasion of the public offering of TSKB REIT has been attended by Korkut Ün, CEO of TSKB REIT, Hakan Aygen, the Corporate Finance Manager of TSKB and Murat Tanrıöver, the Assistant General Director of Yatırım Finansman Menkul Değerler. Ün holding a speech at the press conference stated, that after the economical shrinking experienced in 2008 and 2009 in throughout the world, they were proud of being the first REIT to publicly open in 2010.
Ün expressed, that as TSKB REIT, they had time until February 2011 for public offering and added: “ However, backed up by the trust of having completed and launched an important project, we have decided to go to public primarily with the hotel project, of which the development works are ongoing and to evaluate all other investment alternatives. The income from public offering will be entirely kept at the company to be used in future investments. We think, that the general economic conjuncture offers an appropriate environment for public offering. As a matter of fact, the interest of domestic and foreign investors seen during our discussions is a prove of.'
Korkut Ün highlighting, that Turkey has become an attractive country not only for domestic investors but also for foreign investors in 2010 after experiencing fast falls in 2008 and 2009 in the real estate industry: 'According to investors, who evaluate the real estate industry today, Istanbul ranks 7th in the ranking of all existing real estate performance among 27 European metropoles. It ranks 5th in the opportunities of purchasing and 1st in terms of project development opportunities. Although not very fast, a regular recovery is expected in the industry. 2010 is being evaluated as a positive year in terms of REITs. Investors indicated that REITS would be preferred to their transparent and corporate management principles they have.
TSKB REIT to focus on commercial real estate
Ün, highlighting, that TSKB REIT keeping a growth-oriented business strategy at the forefront, is present at the strategically emerging real estates of Turkey stated as follows: “The investments of TSKB REIT focus mainly on commercial real estates. Investment opportunities, which may arise in residences and similar fields may become a current issue from time to time.”
Ün explained that the current portfolio of TSKB REIT consisted of the office buildings in Fındıklı in the size of about 20.000 m2 and the Tahir Han building in Karaköy bringing in rental income; the 80.000 m2 construction area in Pendik and the Pendorya shopping center located on a rent able area of 30.000 m2 and the land in the city center of Adana in the size of 3.600 m2 on which the development works of a city hotel are ongoing. He further stated, that the value of the subject real estate portfolio was at about TL 279 million.
According to information given by Ün, the volume of assets of TSKB REIT, which were recorded at TL 12 million at the end of 2006 increased to TL 298 million as of end of 2009, whereas the size of the equity capital increased from TL 12 million to TL 164 million. TSKB REIT”s net profit of TL 3 million in 2008 reached TL 55 million as of end of 2009 along with the completion and launch of the shopping center Pendorya.
Income obtained from the public offering to be used in new projects
Ün explaining, that the investment strategy of TSKB REIT was divided into four main headlines: focus on growth, vision of project development, sustainability and diversification of the portfolio, summarized the main targets of the projects within the coming period as follows: “As TSKB REIT, we focus on growth targets, which will be sustainable in our portfolio and which will provide on the long term. In this context, we plan to launch minimum one new project every year. We aim to enhance our portfolio with new projects, which will create value and bring highest income. Within the frame of such strategies, we take care that our investments are commercially and socially long term projects, integrated in their environment through appropriate positioning, projecting and management. We aim a wide range of portfolio consisting of mainly commercial real estates on accurate geographies. Especially with reference to commercial real estates, we move based on the principle of becoming one of the leading players of the industry.'
Major interest from foreigners
Murat Tanrıöver, the Assistant General Manager of Yatırım Finansman A.Ş. responding to the questions at the meeting, stated, that they have met 26 investors at 4 important finance centers being London, Frankfurt, Helsinki and Stockholm in Europe during the road show organized and that the interest in TSKB REIT shares was very high.
And Hakan Aygen, the Corporate Finance Manager of TSKB answered to the question, that there will be many REITs to be in the process of public offering and whether the demand will fall or not as follows: 'It is not important to be first or last in public offering. It is important, that the company and the public offering has a sound structure to determine the demand.'
Profile of Public Offering:
The shares of TSKB REIT, having succeeded in collecting a fourfold demand for shares during the process of public offering, have started to be quoted on the stock exchange with a "Bell Ceremony" organized at the ISE.
TSKB REIT, the first REIT offered publicly in 2010 and collecting about four times demand during the process of public offering during April 1-2, has started to be quoted on the Corporate Products Market under the symbol "TSREIT" at ISE.
The opening bell ceremony organized at the ISE on the occasion of the quotation of the TSKB REIT shares was attended by Vedat Akgiray, the President of the CMB, Hüseyin Erkan, the President of ISE, Halil Eroğlu, the CEO of TSKB, Orhan Beşkök, the Chairman of the Board of the Directors of TSKB REIT and Korkut Ün, the CEO of TSKB REIT.
Korkut Ün, the CEO of TSKB holding a speech on the ceremony said: "We are proud to join to the REITs quoted at ISE. The increase of the number of REITs quoted on the stock exchange and of the volume will deepen the market and help to convert investment into real estates into a liquid investment tool. With the public offering of TSKB REIT, we believed that we also contribute to this process."
At the end of the book-building, at which the final sales price per share was determined to be TL 1,05 and by the use of additional sales right, the free-float rate of the company has been 38,33. During the public offering of TSKB REIT, 48% of the shares were sold to foreign corporate investors, 50% to domestic individual investors and 2% to domestic corporate investors.
At the end of the book-building, 22 foreign corporate investors demanded in total 61 million 441 thousand 361 lots; 4 thousand 575 domestic individual investors demanded in total 144 million 972 thousand 807 lots; 25 corporate domestic investors demanded 1 million 752 thousand 400 lots. 22 foreign investors, who had demanded 61 million 411 thousand 361 lots were distributed 27 million 600 thousand lots; from 4 thousand 575 domestic individual investors, who had demanded 144 million 972 thousand 807, 4 thousand 379 were distributed 28 million 750 thousand lots and 25 domestic corporate investors demanding 1 million 752 thousand 400 lots were distributed 1 million 150 thousand lots. While the free floating rate of TSKB REIT reached 38,33 upon intensive demand and by the use of the additional sales right, the volume of the public offering was recorded TL 60,4 as of the sales price determined.
Results of the public offering of TSKB REIT:
