İHLAS CONSTRUCTION GROUP: RELIABLE INVESTMENTS FOR SUSTAINABLE SUCCESS

İhlas Construction Group began its operations in 1990 with the İhlas Yuva Houses project and has continued to grow steadily under the umbrella of İhlas Holding Co. and its subsidiaries, guided by a visionary perspective and unwavering determination. Over the past 35 years, the Group has gone beyond constructing buildings, delivering projects shaped by architectural aesthetics, engineering excellence, and people-focused planning principles, making value generation and sustainable success core corporate tenets.

Investing in the Future Through Steady Growth

İhlas Construction Group steadfastly maintains its pioneering position in the construction and tourism sectors, backed by a reliable corporate structure and deeply rooted principles. With strategies centered on continuous development and innovation, the Group consistently puts forward a vision that shapes the sector with every new project.

As one of Türkiye’s pioneers of the timeshare holiday concept, the Group offers unique holiday experiences to around 350,000 guests each year. Its landmark projects in the Kuzuluk region of Sakarya — nestled in nature — and Armutlu, Yalova — famed for its thermal springs — include a total of 3,606 apartments, a 65-room hotel, and 87,032 timeshare units.

United Strength, Visionary Projects, and Enduring Sector Leadership

İhlas Holding, one of Türkiye’s most established and respected companies, demonstrates a distinctive vision in the construction sector through projects built on quality, trust, and sustainability. Each project combines robust engineering, environmentally conscious practices, and aesthetically pleasing architectural solutions, focusing not merely on constructing buildings but on shaping meaningful living spaces.

Since making a strong entry into the sector in 1990 with the İhlas Yuva Houses project, İhlas Construction Group has gone beyond housing, delivering projects defined by expansive green areas, community-oriented amenities, and people-centered planning, offering not just homes, but a lifestyle.

Today, with a track record of sustainable success that strengthens investor confidence, İhlas Construction Group continues to reinforce its pioneering role in the sector and stands as a forward-looking contributor to urban development through its visionary, future-focused projects.

İhlas Construction Group continues to reinforce its strong position in the sector through flagship projects such as İhlas Marmara Houses 1–2–3–4 and the Bizim Houses (1–11), all designed to deliver high living standards.

These projects stand out not only for their architectural excellence but also for the value they add to modern urban living.

In 2010, İhlas Holding consolidated its construction companies under İhlas Construction Holding Co., a strategic move that paved the way for larger, more visionary, high-value projects.

Through this step, İhlas Construction Project Contracting and Tourism Co., İhlas Construction, Tourism and Health Co., Armutlu Vacation and Tourism Enterprises Inc., and Kuzuluk Spa Construction, Tourism, Health, and Petroleum Products Trade Co. came together, ushering in a new era for the Group’s construction and tourism operations. This consolidation marked a significant transformation, strengthening strategic alignment, financial resilience, and operational efficiency.

However, İhlas Real Estate did not limit its ambitions to the scale advantages of this consolidation alone. Reflecting its broader vision, the company decided to expand its scope in 2017, moving deeper into real estate development, investment, and project management.

Adopting a multidisciplinary growth strategy, it broadened its operations to cover mining, contracting, engineering, marketing, energy, and real estate development.

Aligned with this expanded vision, the company was renamed İhlas Real Estate Project Development and Trade Co., taking on a more comprehensive and integrated structure.

In 2019, a further strategic merger brought İhlas Construction Holding Co. and İhlas Real Estate Project Development and Trade Co. together under a single entity. This move aimed to ensure more efficient resource use, unlock greater operational synergies, and build a stronger capital base. This merger marked a significant milestone, reinforcing İhlas Group’s sector leadership and further strengthening investor confidence.

İhlas Construction Group stands out with pioneering projects that set the standards for living today and tomorrow, charting a course for the entire sector.

The Group has remained committed to delivering sustainable happiness in every project it develops — from villas and residential complexes to business centers, holiday resorts, television studios, and educational campuses. By combining its people- and quality-centered approach with a strong sense of social responsibility, the Group continuously adds long-term value for future generations.

To date, İhlas Construction Group has strengthened its position as a major player in the sector by successfully completing a total of 4,257,258 square meters of construction and delivering 24,651 independent units, including apartments, villas, timeshares, offices, and commercial spaces.

İhlas Yuva Houses: A First Step Crowned with Success

İhlas Yuva Houses, launched in 1990, marked the Group’s first major milestone in the construction sector. Built on a 44,000-square-meter plot, the project delivered 996 apartments and 37 offices. With its innovative design and timely completion, it stands out as an early success story for the Group.

Marmara Houses 1

Marmara Houses 1 was developed on a 700,000-square-meter plot that once formed the historic Reşit Paşa Farm, commanding views of Ambarlı Bay in Beylikdüzü, Istanbul. Completed and handed over to residents in 1997, the project comprises 2,856 apartments, 100 offices, an elementary school, and social facilities, making it one of the largest and most comprehensive residential developments in the region.

Marmara Villas

İhlas Marmara Villas were built on 200,000 square meters of land within the historic Reşit Paşa Farm area in Beylikdüzü, Istanbul. Completed and delivered to owners in 1999, the project comprises 134 villas and offers a modern, prestigious living environment set amidst nature.

Marmara Houses 2

Marmara Houses 2 was constructed on a 170,000-square-meter plot in Istanbul’s Beylikdüzü district, with a total construction area of 256,000 square meters. All infrastructure and landscaping were completed in August 2001, and the development was opened to residents the same year. Comprising 2,186 apartments and 96 offices, the project delivers high living standards in Beylikdüzü, one of Istanbul’s fastest-growing and most desirable districts.

Güzelşehir Villas

The sea-view Güzelşehir Villas, completed and delivered in 2008 by İhlas Construction Project Contracting and Tourism Co., are located at the junction of Kumburgaz and Güzelce, just 1 kilometer from the D-100 (E-5) highway. The project spans a 550,210-square-meter plot and comprises 675 villas and 46 commercial units, with a total construction area of 147,992 square meters.

Bizim Houses 1

Bizim Houses 1 was developed by a joint venture between İhlas Holding Co. and İhlas Construction Project Contracting and Tourism Co. in collaboration with the Housing Development Administration
of Türkiye (TOKİ). Located in one of the most sought-after areas of Ispartakule, Istanbul, this prestigious residential project comprises 720 apartments and three commercial units. Residents were able to move in as of July 2009, enjoying a modern living environment enriched with social amenities designed to meet the needs of contemporary life.

Bizim Houses 2

Bizim Houses 2 was developed by a joint venture between İhlas Holding Co. and İhlas Construction Project Contracting and Tourism Co. and tendered by Emlak Konut Real Estate Investment Trust Co. through a revenue-sharing model in exchange for land sale. Also located in Ispartakule, Istanbul, this landmark project comprises 522 apartments and nine retail units, along with a mosque, outdoor sports facilities, and communal leisure areas that enhance community life. Residents were able to move in as of December 2010, enjoying a modern living environment enriched with social amenities designed to meet the needs of contemporary life.

Bizim Houses 3

Bizim Houses 3 was built by a joint venture between İhlas Holding, İhlas Media Holding, and İhlas Marketing Co. and was tendered by Emlak Konut Real Estate Investment Trust through a revenue-sharing agreement in exchange for the sale of land. Located in Ispartakule, Avcılar, Istanbul, the project covers 129,631 square meters and comprises 680 apartments, one office, outdoor sports areas, a swimming pool, and other leisure facilities.

Residents were able to move in as of December 2011, enjoying a living space that seamlessly combines modern comforts with luxury and meets the diverse needs of the community.

Bizim Houses 4

Bizim Houses 4 was developed by a joint venture between İhlas Holding Co. and İhlas Construction Project Contracting and Tourism Co. and was tendered by Emlak Konut Real Estate Investment Trust through a revenue-sharing model in exchange for the sale of land. Located in Istanbul’s Ispartakule district, Bizim Houses 4 stands out as one of the area’s landmark developments with 762 apartments and 100 offices.

Residents were able to move in eight months ahead of schedule in December 2012, as the project elevated standards of comfort and aesthetic design. The commercial blocks, completed and handed over in 2013, further contributed to revitalizing the local business landscape.

Marmara Houses 3

Marmara Houses 3 was built by İhlas Construction Project Contracting and Tourism Co. in Beylikdüzü, Istanbul, covering a total construction area of 122,655 square meters. Completed in October 2013, the project delivered 396 apartments and 38 offices to their owners. With its expansive landscaped areas, social facilities, and commercial spaces, Marmara Houses 3 offers residents a high standard of living.

Bizim Houses 5

Bizim Houses 5 is located in Ispartakule, Avcılar, Istanbul, and was developed by İhlas Construction Project Contracting and Tourism Co. on a 106,741-square-meter plot. This prestigious residential development comprises 710 apartments. Completed six months ahead of schedule, residents were able to move in as of July 2014.

Bizim Houses Güzelce

Bizim Houses Güzelce, situated in the Güzelce neighborhood of Büyükçekmece, spans a 92,293-square-meter site. The project comprises 709 apartments and 111 offices across 17 blocks, each ranging from eight to 10 stories. Units were delivered to homeowners in the final quarter of 2021.

Armutlu Holiday Resort Panorama

Armutlu Holiday Resort Panorama is conveniently located near Istanbul and stands out with its expansive natural setting, with 85 percent of the site dedicated to green space. Spanning 62,000 square meters of land, this unique development comprises 450 apartments across six blocks, ranging from three to five stories. The project features 150 one-bedroom and 300 two-bedroom units, offering residents a lifestyle immersed in nature.

Güzelşehir Fatih Villa Complex

Güzelşehir Fatih Villa Complex, completed by İhlas Construction Co. in 2011, was built on an expansive 67,713-square-meter plot and consists of 172 luxury villas designed to modern living standards. The project offers residents a prestigious, family-friendly living environment surrounded by nature.

Marmara Houses 4

Marmara Houses 4, developed by the İhlas Marmara Houses Joint Venture in Beylikdüzü, stands out as one of the district’s most prestigious projects, offering comfortable living spaces, expansive landscaping, and a range of rich social amenities.

Covering a total construction area of 174,433 square meters, the project comprises 640 apartments and 44 offices. Designed to meet every aspect of modern living, the development was delivered to residents in 2021.

Kristalşehir

Kristalşehir, built by İhlas Holding Construction Group, is located on a 143,000-square-meter plot near the Beylikdüzü Metrobus terminal and the Tüyap junction. Featuring 16 residential blocks and two residential towers with direct access from the E-5 Highway, the project integrates modern living into the heart of the city. Spanning a total construction area of 770,142 square meters and comprising 4,655 independent units, Kristalşehir stands out as one of the area’s most prestigious developments, offering strong lifestyle and investment value through its prime location and extensive social amenities.

Bizim Houses 6 Metro

Bizim Houses 6 Metro, completed and opened to residents in 2016, is situated in the heart of Ispartakule, one of Istanbul’s up-and-coming residential and investment hubs, and plays a pivotal role in shaping the area’s development. The project comprises 454 apartments and 45 commercial units, standing out for its elegant architecture and functional design.

Bizim Houses 6 Gökkuşağı

Bizim Houses 6 Gökkuşağı, one of Ispartakule’s most comprehensive and prestigious residential developments, has transformed the district with its 1,207 apartments and 113 commercial units. Completed and delivered to owners in 2016, Bizim Houses 6 Gökkuşağı presents a vision for living and the future with its wide range of apartments and shops appealing to all segments, expansive landscaped areas, surroundings enhanced with water features, and superior construction quality.

Bizim Houses 7

Bizim Houses 7, comprising 532 apartments and 48 commercial units, adds value to Ispartakule’s transforming urban landscape by combining aesthetics with functionality.

Delivered to residents in 2017, the project stands out with its modern architecture, spacious social areas, and convenient proximity to transportation networks.

Bizim Houses 8

Bizim Houses 8, developed under the assurance of İhlas Real Estate, stands out as a distinguished residential project in the Ispartakule district, combining quality, aesthetics, and functionality. Built on a 19,739-square-meter plot with a total construction area of 62,058 square meters, the project features 236 apartments and 29 commercial units. With unit options starting at 129 square meters and offering 2+1, 3+1, and 4+1 layouts, Bizim Houses 8 provides a spacious residential offering thoughtfully designed with modern architecture for family living.

Bizim Houses 9

Bizim Houses 9, the latest addition to İhlas Construction Group’s portfolio of quality- and reliability-driven projects, is located in Ispartakule, one of Istanbul’s up-and-coming residential centers. Spanning a construction area of 39,285 square meters, the project comprises 145 apartments and 16 commercial units. Contracted in 2021 under a revenue-sharing model in exchange for land sale, the project broke ground in 2022 and was completed and opened to residents in December 2023.

Bizim Houses 10

Bizim Houses 10, rising in Ispartakule—one of Istanbul’s fastest-growing investment and residential hubs—reflects the true İhlas vision. Spanning a total construction area of 194,804 square meters, the project features a robust mixed-use concept, comprising 641 apartments and 58 commercial units. Following the signing of a revenue-sharing agreement in 2021 and the groundbreaking in early 2022, Bizim Houses 10 was completed and delivered to owners in December 2023.

Bahçelievler Education Campus

Bahçelievler Education Campus, with an indoor area of 30,000 square meters, provides a model educational infrastructure in terms of both capacity and amenities. The campus features 78 classrooms, a modern dormitory accommodating 600 students, an indoor sports hall, a 450-seat conference hall, two soccer fields, and a dining hall that can accommodate 750 people. Completed and opened in 1997, this comprehensive project reflects İhlas Construction Group’s commitment to nurturing future generations.

Marmara Houses Education Campus

Marmara Houses Education Campus serves as a high-capacity academic center.

Spanning an indoor area of 17,350 square meters, the campus comprises 96 classrooms, a 450-seat conference hall, and a dining hall accommodating 750 people, providing comprehensive solutions for both academic and social needs.

Opened in 1996, the facility stands as a concrete example of İhlas Construction Group’s commitment not only to building living spaces but also to delivering projects that help shape the future.

ONGOING PROJECTS

Kristalkule

Kristalkule offers strong investment potential to the business world with its contemporary architecture and premium infrastructure, rising within the prestigious Kristalşehir project by İhlas Construction Group. This iconic structure spans a total construction area of 39,433 square meters and is designed as a 35-story building above ground, comprising 315 independent units. Scheduled for completion in the final quarter of 2025, the project enjoys a strategic location along one of Istanbul’s key development corridors, providing an advantageous position for investors.

Bizim Houses 11

Bizim Houses 11 is the latest addition to the Bizim Houses series, located in Istanbul’s Ispartakule district, spanning a construction area of 174,441 square meters. Construction of this prestigious project, which includes 582 apartments and 55 commercial units, began in early 2023. Standing out as one of the region’s most significant residential and commercial developments, the project offers forward-looking opportunities for both lifestyle and investment and is scheduled for completion and delivery by the end of 2025.