- CEO
- Erol Arman
- Full Time Employees
- 43
- Sector
- Finance
- Industry
- Real estate investment trusts
- Address
- Istanbul Turkey
- IPO Date
- Dec 15, 1999
- Business
- Nurol Gayrimenkul Yatirim Ortakligi A.S. is a Turkey-based real estate investment trust engaged in the investment, development, construction management, marketing, and leasing of high-end residential, commercial, and mixed-use properties, as well as the administration of real estate-backed securities. Founded in 1997 and headquartered in Istanbul, Turkey, the company operates as a publicly listed subsidiary of industrial conglomerate Nurol Holding A.S. The company segments its primary portfolio and service activities into: luxury residential developments, comprising high-rise residences, branded apartment towers, lofts, and suburban villa communities, such as Nurol Life Seyrantepe and Zekeriyakoy Evleri; commercial office properties, encompassing grade-A office spaces, LEED Gold-certified office towers, and flexible home-office units, such as Nurol Tower Mecidiyekoy and Nurol Plaza Maslak; retail and mixed-use complexes, encompassing master-planned urban life centers, shopping complexes, and cultural assets, such as Nurol Park Gunesli, Oasis Shopping and Culture Center in Bodrum, and Karum Business and Shopping Center in Ankara; and property management and leasing services, including tenant administration, asset valuation, and real estate portfolio optimization. In recent operational developments, Nurol Gayrimenkul Yatirim Ortakligi A.S. has executed key strategic growth and portfolio monetization initiatives. The company initiated the development of the Urla 77 luxury villa project in Izmir via its fifty percent-owned NP Joint Venture, securing a construction contracting agreement with Nurol Insaat and entering into a revenue-sharing agreement with Is Portfoy Rinnova Fund. Furthermore, the company signed a memorandum of understanding to develop a 100-decar mixed property in Buyukcekmece, Istanbul, executed multi-unit commercial real estate divestments within Nurol Tower to monetize completed inventory, and reaffirmed its long-term strategic focus on agile, high-margin, value-added residential and commercial projects across Turkey.