History

Doğuş REIT launched operations on July 25, 1997, under the title of Osmanlı REIT and held its IPO on March 25, 1999, as the third real estate investment trust to be traded on the Istanbul Stock Exchange.

By the end of 2001, two Doğuş Group companies, Osmanlı Bank and Garanti Bank merged and, with this transaction, 51 percent of the Osmanlı REIT shares were transferred to Garanti Bank and the company became a subsidiary of Garanti Bank under the title Garanti REIT.

Garanti REIT laid the foundations of its first residential project, Evidea, in November 2004. Developed on a land of 34,000 m² in total, the Project EVIDEA consists of a construction area of 101,000 m² in total including a residence area of 73,000 m² and, a social facility area of 24.500 m². All the houses within the Project EVIDEA developed with the combination of the experiences of Garanti REIT and, Yapı Kredi Koray in the fields of real estate development and financing have been delivered to the respective owners as of the end of 2007.

All the houses within the Project EVIDEA developed with the combination of the experiences of Garanti REIT and, Yapı Kredi Koray in the fields of real estate development and financing have been delivered to the respective owners as of the end of 2007.

Garanti REIT started the construction of the project Dogus Center Maslak in Maslak, Istanbul in June, 2005. Doğuş Center Maslak that has a total area of 63,202 square meters, of which 47,398 square meters is rentable space was opened on November 9, 2006.

Upon the sales of the Garanti REIT shares held by Garanti Bank to General Electric (GE) Capital Corporation and Dogus Holding, the shareholding structure of our company changed as of December 1, 2006 to 25.5% held by Dogus Holding, 25.5% held by GE and, 49% by the public, and the corporate name changed to Dogus-GE GYO A.Ş. as of the same date.

In January 2011, General Electric (GE) Capital Corporation sold all of its shares in Doğuş-GE REIT to Doğuş Group and the company’s shareholder structure became 51 percent Doğuş Group and 49 percent publicly-traded. On the same date, the company’s trade name was changed to Doğuş REIT.

As a result of the partial demerger completed on December 26, 2013, the Gebze Center Shopping Center was included into the real estate portfolio of Dogus REIT. The Gebze Center Shopping Center started to be constructed by Dogus Gayrimenkul Yatırım ve İşletme A.Ş. in August, 2008 came into operation on September 3, 2010 with a rentable area of 59,054 m² and, about 130 stores and an investment budget of USD 180 million.

After the inclusion of the Gebze Center Shopping Center into the real estate portfolio of Dogus REIT, the development efforts started to be carried out to create a mixed life center by means of extending the existing Shopping Center to include additional buildings and a hotel project. The project started to be constructed with the respective building license obtained on February 20, 2015. There is a 158-room hotel and, various commercial areas in the project consisting of a construction area of 47,045 thousand m².

As a result of the partial demerger completed on September 6, 2016, the Dogus Center Etiler was included into the real estate portfolio of Dogus REIT. The total land area of the Dogus Center Etiler is 36,440.80 m², consisting of 45 detached sections and, the total rentable area is 9,827 m². The Dogus Center Etiler is considered to be one of the most important business centers in the region due to its office and social areas and, the opportunities to use it provides.

The project Gebze Center Hotel and Additional Buildings, the investment of which started in 2015, was completed in 2017 and, the hotel opened under the brand “Hyatt House Gebze”. The rental procedures for the automotive showroom and the service area as well as additional Shopping Center units have been completed.

The sales procedures for Antalya 2000 Plaza were completed in June, 2018 and, it has been removed from our portfolio of real estate investments.

In December, 2018, the D-Office Maslak office building located in Maslak that is one of the most important business and trade centers in Istanbul and, the Gym Center that consists of the independent centers no. 16 and 17 located within the Doğuş Center Etiler complex within our portfolio. D-Office Maslak is considered a valuable office building since it is located in a prestigious location where there are offices, shopping centers and luxury houses and residences and, its useable area is 40,438 m². And the Gym Center within the Doğuş Center Etiler complex is operated by D-Gym, one of the most prestigious gym centers in Istanbul and, it consists of a leasable area of 6,745 m².

As of the end of 2018, the real estate portfolio of Doğuş REIT consists of Doğuş Center Maslak, D-Office Maslak, Doğuş Center Etiler – Office Building, Doğuş Center Etiler – Gym, Gebze Center – Shopping Center, Gebze Center – Hotel (Hyatt House Gebze), Gebze Center – Automotive Showroom and Service (Doğuş Oto Gebze) and, the value of the investment real estate portfolio of Doğuş REIT has reached an amount of TL 1.77 billion.

Headquarter Address         Doğuş Center Maslak, Maslak Mahallesi Ahi Evran Caddesi, No:4/7 Maslak/Sarıyer 34398 İstanbul
Telephone No  +90 212 335 28 50
Fax No +90 212 335 28 99
Trade Registration No   373764
Mersis No 0648-0081-4890-0019
Website       www.dogusgyo.com.tr
E-Mail info@dogusgyo.com.tr