- CEO
- Murat Altai
- Full Time Employees
- 61
- Sector
- Consumer durables
- Industry
- Homebuilding
- Address
- Basaksehir Turkey
- IPO Date
- Jul 28, 2023
- Business
- Fuzul Gayrimenkul Yatirim Ortakligi A.S. is a Turkey-based real estate investment trust engaged in property investment, real estate development, portfolio management, and project execution. Founded in 2000 as part of Fuzul Holding and headquartered in Istanbul, Turkey, the company focuses on the development, marketing, and management of residential, commercial, and mixed-use real estate assets across major metropolitan areas in Turkey, with operations concentrated in Istanbul. The company operates through several core business segments and provides a comprehensive portfolio of real estate products and services, including: residential property development, comprising master-planned communities, luxury condominiums, branded residences, and multi-family residential complexes such as Barbaros 48, Basaksehir Avrasya, Basakport, Tem Avrasya, and Evila; commercial real estate development, including shopping centers, retail strip malls, and corporate office properties, anchored by assets such as the Olimpa Shopping Mall; land banking and property portfolio management, encompassing the acquisition, zoning, appraisal, and strategic development of urban land plots; leasing and asset management operations, generating recurring rental income from retail storefronts, office units, and social infrastructure spaces; and project development partnerships, structured primarily through revenue-sharing models and public-private collaborations with institutional entities including Emlak Konut GYO and TOKI. In recent developments, the company completed its initial public offering on Borsa Istanbul under the ticker symbol FZLGY, allocating capital proceeds toward project financing and strategic land acquisitions. Fuzul Gayrimenkul Yatirim Ortakligi has also accelerated its development pipeline through high-value urban residential launches in central Istanbul districts including Besiktas and Topkapi, secured new revenue-sharing and public tender partnerships, and expanded its focus on sustainable, energy-efficient building standards across its portfolio.