Emlak Konut

EMLAK KONUT GAYRİMENKUL YATIRIM ORTAKLIĞI A.Ş.
Traded as BİST: EKGYO
Industry Real estate
Founded 1987
Headquarters Turkey
Parent The Housing Development Administration of Turkey (TOKI)
Website www.emlakkonut.com.tr/default

Emlak Konut is a Turkish real estate developer, belonging to TOKI the Housing Development Administration of Turkey, an arm of the Turkish state.[1][2]

History

Emlak Konut was formed in 1987 as a subsidiary of Emlak Bank, from property developer Ankara İmar Ltd, which had been founded in 1953. The company specialised in housing projects throughout Turkey. In 2002, with the liquidation of the failed Emlak Bank, ownership of the property company passed to TOKI, but Emlak Konut has remained profitable without need of further subsidy from TOKI. In 2010 shares in Emlak Konut were offered on the Istanbul Stock Exchange.[3]

References

  1. ↑ http://www.emlakkonut.com.tr/Page/59/about_us.html
  2. ↑ http://www.toki.gov.tr/english/affiliates.asp
  3. ↑ http://www.emlakkonut.com.tr/Projeler/tr_profil.aspx
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