The company was registered to Istanbul Trade Registry on May 5, 1995 with the trade name “Deniz Yatırım Ortaklığı A.Ş.” (“the Company”) to realize capital market activities in accordance with the Capital Markets Law and related legislation, and its establishment was announced in Turkish Trade Registry Gazette dated May 16, 1995 and Nr. 3786.
The shares representing the capital of Denizbank A.Ş., the main shareholder of the Company having the control of Deniz Yatırım Menkul Kıymetler A.Ş., shareholder of the company, belong to the final partner of the Company, Emirates NBD Bank PJSC (Emirates NBD).
In the extraordinary general assembly of the Company held on December 20, 2013, the below decisions were taken to become real estate investment trust in line with the permissions of the Capital Markets Board and Ministry.
The decisions of the general assembly were registered to Istanbul Trade Registry on December 26, 2013 and they were announced in Turkish Trade Registry Gazette dated January 2, 2014 and Nr. 8477.
The company is a publicly held corporation, with registered capital, established to issue shares for managing real estates, real estate projects, rights based on real estate, capital market instruments and other assets and rights to be defined by the Capital Markets Board and featured as a capital market institution carrying out other activities permitted by the capital markets legislation.
It acquired 100% of Pupa Gayrimenkul Kiralama ve Yönetim Hizmetleri A.Ş. on December 31, 2013 and disclosed this to public through the announcement dated December 31, 2013.
In the meeting of the Board of Directors of the Company held on 06/02/2014, it was decided to merge with PUPA Gayrimenkul Kiralama ve Yönetim Hizmetleri A.Ş. (“PUPA”), subsidiary of which the Company possesses all of the shares representing the capital and voting rights, through a simplified merge method provided that the Company took over all assets and liabilities within the framework of Turkish Commercial Code, Corporate Tax Code, Capital Markets Law and the Communique of the Capital Markets Board Nr. II- 23.2 on Merger and Demerger. It was applied to the Capital Markets Board on 11/02/2014, and the merger was approved with the letter of the Capital Markets Board dated 20/05/2014 and Nr. 394/5150.
In line with these approvals, the merger was registered to Istanbul Trade Registry Directorate on 11/06/2014 and the merger of the companies through takeover was finalized.
It continues to carry out its activities in accordance with the Communique on Principles Regarding Real Estate Investment Trusts of the Capital Markets Board (“CMB”) Nr. III- 48.1.
The address of the company is registered as Büyükdere Cad. No:141 K:22 34394 Esentepe- Şişli/İstanbul.
It is registered to Capital Markets Board (“CMB”) and its shares have been traded in Borsa Istanbul (“BIST”) since 1995.