İhlas Real Estate Project Development
İhlas Real Estate Project Development and Trading Co., which has been operating under the title of İhlas Mining, has been working in the mining sector for many years but due to major work accidents in the sector, long-term bureaucratic operations, difficulties in applying the determined policies on mining, difficulties in applying the Mining Law and Regulations, lack of infrastructure in the mining area and fluctuating price movements in the commodity markets, it has been presented to the approval of the General Assembly meeting held on 14.04.2017, the endorsement of the approval of the shareholders has been amended and has started working on the new and expanded field of activity. The existing mine sites are being transferred to Mir Maden İşletmeciliği Enerji ve Kimya Sanayi Ticaret Ltd. Şti.
İhlas Real Estate Project Development and Trading Co. to do all kinds of construction, contracting and engineering, architectural services and construction, construction and repair, restoration and decoration works belonging to all kinds of official private and legal persons, to enter into contracts, to enter into tenders and to receive and receive all kind of construction materials, To make production of materials, to establish facilities to produce them, to purchase, sell, import, export, market and trade all these works and services domestically and abroad. Subcontracting services.
The company may also engage in energy market activities by making export, import, marketing and production of all types of agricultural, industrial and commercial, raw, semi-finished and finished goods and materials either alone or with other companies.
Currently our company, has signed a land share and revenue sharing agreement project to construct residential and business buildings on an area of approximately 25.347 m2 registered in İstanbul, Esenyurt Province, Çınar District within the scope of Real Estate Project Development activities, The Company has a 10% share in the Bizim Evler Ardıçlı Joint Venture project. It is planned to have approximately 270 independent units within the scope of this project to be developed.
On May 3rd 2017 our company has signed another land share and revenue sharing agreement project to construct residential and business buildings on 2 areas of approximately 31.309 m2 and 30.396 m2 registered in İstanbul, Beylikdüzü Province, Yakuplu District within the scope of Real Estate Project Development activities, The Company has a 10% share in the Marmara Evleri Joint Venture project. It is planned to start in 2017 and be completed in 40 months from the day of agreement and to have approximately 1200 apartments and 60 commercial units.
Beginning in 2019 İhlas Gayrimenkul, a new but fast developing company has merged its power with the 30 year experience of İhlas Construction Holding in order to continue its construction and holiday tourism business under one roof. It is planned that the growth process will accelerate further, its profitability will increase and thus a more valuable company will emerge.
As of 02.01.2018, İhlas Real Estate Project Development and Trade Inc. is included in the BIST 100 index.