İhlas Construction Holding

Since its establishment, İhlas Construction Holding has undertaken more than 21 thousand residential units, including completed and ongoing projects.

Since 1989, İhlas Group has completed a number of high-quality housing projects. İhlas Construction Group, a leading company in its sector, has undertaken a total of 20,000 housing projects to date (including completed and ongoing projects). In addition to timeshare resorts, business centers and schools, the Company also builds high-quality residential compounds on lands acquired through purchase or flat-for-land arrangements.

Housing Projects Aimed at Upper-middle Income Groups
Although the Group primarily targets the upper middle-class income group, it has expanded into an upper middle-class income group. For mass-housing projects, the customer portfolio consists of people who desire to escape from the hustle and bustle of Istanbul, while still enjoying the comforts and pleasures of urban life. All of the designed and built residential units and holiday resorts include elements that respond to social needs such as educational institutions, shopping centers, healthcare facilities, and sports and leisure areas.

Production and Capacity Growth with Synergy
For the purpose of gathering all of the construction companies under a single roof, an umbrella company was established on January 29, 2010, with the title İhlas Construction Holding. Under a holding structure, İhlas Construction Holding consists of all construction companies, including İhlas İnşaat Proje Taahhüt Turizm A.Ş., İhlas Yapı Turizm ve Sağlık A.Ş., Armutlu Tatil ve Turizm İşletmeleri A.Ş. and Kuzuluk Kaplıca İnşaat Turizm Sağlık ve Petrol Ürünleri Ticaret A.Ş.

IHLAS CONSTRUCTION HOLDING SHAREHOLDING STRUCTURE

COMPANY PARTNERS SHARE AMOUNT
İhlas Holding A.Ş. %95,00 66.500.000,00
Ahmet Mücahid Ören %5,00 3.500.000,00
TOPLAM %100,00 70.000.000,00

 

COMPLETED PROJECETS
Ihlas Construction Group has built the following projects; Ihlas Yuva Houses (996 apartments), Marmara Evleri 1 (2,856 apartments), Marmara Evleri 2 (2,186 apartments), Marmara Evleri 3 (396 apartments), Bizim Evler 1 (720 apartments), Bizim Evler 2 (522 apartments), Bizim Evler 3 (680 apartments), Bizim Evler 4 (762 apartments), Bizim Evler 5 (710 apartments) Bizim Evler 6 / Gökkuşağı (1,207 apartments), Bizim Evler 6 Metro (454 apartments), Bizim Evler 7 (532 apartments) Kristal Şehir (2.519 apartments), Güzelşehir Villas (810), Marmara Villas (134 villas), Kuzuluk Kaplıca Evleri (1.470 daire) ve Armutlu Devremülk Tatil Köyü (1.686 daire) with a total of 17.696 apartments, 944 villas, 480 commercial units and 3.156 timeshare units 18.540 units have been constructed. 13.309 of these units were constructed by İhlas Yapı.

Bizim Evler 7
In the last quarter of 2014, İhlas Yapı Turizm ve Sağlık A.Ş. commenced construction on the Bizim Evler 7 Housing Project on 38,000 m2 of land in Avcılar, Firuzköy. Bizim Evler 7 was completed in September 2017.

Bizim Evler 6/Metro
Developed by İhlas Yapı Turizm ve Sağlık A.Ş. on 28,400 m2 of its own land, the Bizim Evler 6  Metro Housing Project consists of 454 apartments and 45 offices. The project was completed in June 2016.

Bizim Evler 6/Gökkuşağı
Consisting of 1,207 apartments and 113 offices, and developed under the Revenue Sharing Model, the Bizim Evler 6/Gökkuşağı Housing Project is being built by İhlas Yapı Turizm ve Sağlık A.Ş. in Avcılar-Ispartakule. Construction began in October 2013, and the project was completed in June 2016.

Bizim Evler 5
Consisting of 710 apartments and developed under the Revenue Sharing Model, the Bizim Evler 5 Housing Project was built by İhlas Yapı Turizm ve Sağlık A.Ş. on 100,789 m2 of land in Avcılar-Ispartakule. Construction was completed in July 2014, six months earlier than planned, and the apartments were handed over to their owners.

Bizim Evler 4
With a Revenue Sharing in Exchange for Land Purchase (Revenue Sharing Model) agreement with Emlak Konut Gayrimenkul Yatırım Ortaklığı A.Ş., Bizim Evler 4 Housing Project was constructed by İhlas Holding A.Ş. – İhlas Yapı Turizm ve Sağlık A.Ş. Joint Venture. The project, consisting of 762 apartments and 100 office spaces, was completed at the end of December 2012 and opened for occupancy, eight months prior to the planned date. The construction of the commercial units was also completed in 2013 and all of these were handed over to the owners.

Bizim Evler 3
With a Revenue Sharing in Exchange for Land Purchase (Revenue Sharing Model) agreement with Emlak Konut Gayrimenkul Yatırım Ortaklığı A.Ş., Bizim Evler 4 Housing Project was constructed by İhlas Holding A.Ş. – İhlas Yapı Turizm ve Sağlık A.Ş. Joint Venture.  Constructed in Ispartakule, Bahçeşehir in İstanbul over an area of 85,700 m2, the project includes 680 apartments, an office space, shopping center, outdoor sports facilities, a swimming pool and other leisure areas. The project was completed in December 2011.

Bizim Evler 2
With a Revenue Sharing in Exchange for Land Purchase (Revenue Sharing Model) agreement with Emlak Konut Gayrimenkul Yatırım Ortaklığı A.Ş., Bizim Evler 2 Housing Project Phase IV was constructed by İhlas Holding A.Ş. – İhlas Yapı Turizm ve Sağlık A.Ş. Joint Venture. Phase II, constructed in Ispartakule, Istanbul next to the Bizim Evler Housing Project Phase I, consists of 522 apartments, a shopping center, a mosque, outdoor sports facilities and other leisure areas. The Bizim Evler 2 Housing Project, which was constructed during 2009, was ready for occupancy in December 2010.

Bizim Evler 1
Built by İhlas Holding in collaboration with TOKİ (The Housing Development Administration of Turkey), the Bizim Evler 1 Housing Project consists of 17 apartment blocks, 720 apartments and three commercial units. The project, which is located in the most beautiful section of Bahçeşehir, was completed in July 2009.

Güzelşehir Villas
Güzelşehir is located at the intersection of Kumburgaz and Güzelce, along the D-100 (E-5) highway (for one kilometer), and on a hill with uninterrupted sea views. Commissioned by İhlas Holding and built by a contractor, Güzelce Villas consist of 675 villas and 83 commercial units on 249,169 m2 of land. The units were completed and handed over to their owners in 2005. The second phase of the project, which consists of 135 villas and one school building, was completed by İhlas Pazarlama A.Ş. (“İhlas Marketing”) in 2010.

Marmara Evleri 3
The project was constructed by İhlas Yapı Tur. ve Sağlık A.Ş. The MarmaraEvleri Housing Project, which is located in Beylikdüzü, Yakuplu district, included a residential construction site of 69,338 m2 and a commercial construction site covering 5,895m2. The project, consisting of 396 residences and 38 commercial units, was completed and handed over to owners in October 2013.

Marmara Evleri 2
The project is built on a total construction area of 256,630 m2 and includes 2,186 apartments. Built on a 170,000 m2 plot, all environmental regulations, social facilities and infrastructure in the project were completed and opened for occupancy in August 2001.

Marmara Evleri 1
Marmara Evleri Housing Project, the largest and most comprehensive housing project in the region, is situated on a 700,000-m2 plot of land on the historical Reşitpaşa Farm, on Ambarlı Bay in Haramidere, İstanbul. The project consists of 2,856 apartments and a shopping center, an elementary school, a polyclinic and social facilities on a 27,500- m2 plot. The project was completed and handed over to its owners in 1997.

Marmara Villas
The Marmara Villas, which were constructed by İhlas Holding Construction Group, are located on the historic Reşitpaşa Farm area in Yakuplu district. The neighborhood covers 300,000 m2 of land, and consists of 134 villas. The project was completed and handed over to the owners in 1998.

İhlas Yuva Evleri
İhlas Yuva Evleri Housing Project, which began construction in 1989 and were handed over to their new owners within just two years, was the first housing project undertaken by İhlas Holding. The project consists of 23 apartment blocks with a total of 996 apartments on 44,000 m2 of land.

OTHER COMPLETED PROJECTS 
The Bahçelievler Educational Campus (30,000 m2) and the Marmara Houses Educational Campus (17,500 m2), both owned by İhlas Holding Education Group; and the İhlas Holding Headquarters, built on 16..517 m2 of land with a total of 73.000 m2 construction area, are other projects completed by the Construction Group in addition to housing projects.

İhlas Holding Headquarters
Built on 16,517 m2 of land, the İhlas Holding Head Office Building includes 73,000 m2 of enclosed space, a helicopter pad and a helicopter hangar, and a parking garage for 400 vehicles. In addition, the facility houses a 500-capacity conference hall, a 2000-capacity cafeteria, a fitness center and a sauna.

Bahçelievler Education Campus
The Bahçelievler Education Campus has 30,000 m2 of enclosed space, with 78 classrooms, a dormitory for 600 students, a gymnasium, a conference hall for 450 people and a cafeteria capable of seating 750. In addition, there are two medium-sized football pitches. The campus was completed and put into service in 1997.

Marmara Evleri Education Campus
The Marmara Evleri Education Campus has an enclosed space of 17,500 m2 with 96 classrooms, a conference hall for 450 people and a cafeteria seating 750. The campus was completed and handed over in 1996.

Timeshare Thermal Resorts
Kuzuluk and Armutlu Timeshare Resorts constitute the first examples of thermal timeshare resorts in our country. İhlas Group has the largest market share in the thermal timeshare industry with 32,340 units in Kuzuluk Evleri and 37,092 units in Armutlu Timeshare Resort – a total capacity of 69,432 units/year.

ONGOING PROJECTS
Bizim Evler Güzelce, Marmara Evleri 4, Kristal Şehir and İhlas Armutlu Panorama are the projects currently being built by İhlas İnşaat Holding A.Ş. Currently 4,362 residential and 227 commercial units are under construction.

Kristal Şehir 
The Kristalşehir Project, which is located within the boundaries of Istanbul’s Esenyurt district, on a site with a total area of 142,797 m2, has been developed with one of the Group companies, İhlas İnşaat Proje Taahhüt Turizm ve Ticaret A.Ş. The project consists of 18 apartment blocks, 4,655 apartments, 82 commercial units and social facilities. covering a total of 638,454.48 m2 of land and 770.142 m2 of construction area. As of December 31, 2015, the first phase of the project was completed which consists of 2.062 apartmens and 40 commercial units. The second phase which includes 2.136 apartments and 42 commercial units is currently under construction which is %88 complete. 2.938 units were sold in advance payment which is corresponding to 91,5% of the apartments. 2,612 apartments were sold. Invoicing for the sold apartments will take place at the time of delivery, following the project’s completion.

İhlas Armutlu Holiday Village / Panorama
In 2015, İhlas Holding purchased the land with an area of 66.000 m2 adjacent to İhlas Armutlu Holiday Village and started constructing the “Panorama Homes”. The project, which will have a common use of social facilities of Armutlu Holiday Village, will consist of 450 apartments consisting of 6 blocks with 150 units 1 + 1 and 300 units 2 + 1 and will increase the holiday village’s bedroom capacity from 9 thousand to 11 thousand with the Panorama project. Unlike the first part of the Armutlu Holiday Village, the project is offered as a full ownership apartment instead of timeshare. It is planned to be delivered at the end of 2017.

Bizim Evler Güzelce
With the Revenue Sharing model, Ihlas Yapi Turizm ve Sağlık A.Ş. and İhlas Pazarlama A.Ş. joint venture the project is being constructed on 92.293 m2 land in the district of Istanbul, Büyükçekmece, Güzelce. The project has begun in August 2017 and will consist of 688 residential units and 111 commercial units when finished. The project is planned to be delivered in October 2020.