Sinpaş Holding in Brief

Sinpaş Holding, representing foremost industrial and finance companies, is a group of affiliates owned by the Çelik family.

The forming Sinpaş Holding has founded by the founding of Sinpaş Yapı Endüstrisi ve Ticaret A.Ş. in 1974 by Mr. Avni Çelik, Civil Engineer. As of the 1990's Sinpaş has been one of the leading developers in the real estate sector in Turkiye.

Sinpaş Holding consists of more than 23 companies, almost all of which are the leader in their respective fields. Primary activity fields of Sinpaş Holding are property and luxury housing projects, residences and commercial real estate production and management, financial services, granite-ceramic production, calcite production, wooden furniture manufacturing, real estate brokerage and leasing services. In addition to its affiliates, the group also has stakes in many companies with many domestic and foreign partners.

As a respected brand, Sinpaş Holding with its strong collaborations along with its knowledge and experience in the Turkish market has grown in its primary fields of activity and had extended into world markets.

Sinpaş GYO is the only listed company in Sinpaş Holding. 51% of the Sinpaş GYO is owned again by Çelik family and the remaining 49% is the free float in ISE.

With the founding of Sinpaş GYO under the Real Estate Company Conversation project, Sinpaş Holding has aimed to combine the group’s estate activities under one roof. The aim of the second stage of this project is to execute public offering of 49% of Sinpaş GYO shares to strengthen the financial structure. Through the procurement of new properties for housing development, creating financial resource for existing housing projects and also for developing now housing projects in other cities such as Ankara, Muğla, İzmir and Adana. Following the public offering if its shares, Sinpaş GYO has strengthened its position by increasing its competitive strength and by developing its corporate profile with the addition of respected corporate investors to its shareholders; it has combined its high brand strength with its developing corporate structure.
Sinpaş Gayrimenkul Yatırım Ortaklığı A.Ş.
Boasting a 40-year background and expertise in the real estate market, the Sinpaş reshaped their organization at the end of 2006 upon which it started to implement its activities for developing housing projects under the umbrella of Sinpaş REIT (GYO). Ranked second among top-demanded companies of the industry according to a research conducted by Capital in 2010, Sinpaş REIT(GYO) is a public real estate investment trust established pursuant to the relevant regulations of the Capital Market Board. Sinpaş REIT (GYO) is traded at the Istanbul Stock Exchange with a public share of 49% and a market value of 594 million TL.

Thanks to a strong workforce, a secure financial framework and sound management Sinpaş REIT(GYO) continues to create value for its shareholders and partners with 37% of shares representing Sinpaş REIT(GYO) capital actually circulating in the market. With its portfolio size of 1.85 billion TL, Sinpaş REIT(GYO) is ranked third among 21 real estate investment trusts currently traded in ISE.

Maintaining the mission of the Sinpaş Holding that contributes to the urban transformation process of Turkey by appealing to an extensive customer audience and taking the lead in the development of prestigious residential areas in various regions, Sinpaş REIT(GYO) carries on its operations across the same service and responsibility approach. While offering a favourable living space and profitable investment with its prestigious and exquisite projects on one side, Sinpaş REIT(GYO) contributes to developing and enhancing the areas within its investment scope on the other side.

Sinpaş REIT’s(GYO) prospect is to convey to future its deep-rooted expertise in land development, project design, marketing and sales with its highly qualified and experienced staff, and to turn out to be the leader company of Turkey in the housing market.
Servet Gayrimenkul Yatırım Ortaklığı A.Ş.
SERVET GYO was established with the aim of gathering all commercial real estate projects that are in the portfolio of Sinpaş Holding and all of the accumulated experience and knowledge under the same roof. Commercial Real Estates, Shoping Malls, Industrial Service buildings,etc.. are managed by SERVETGYO in the Holding.

Servet Real Estate Investment Company was incorporated in May 2009 with the consent of Capital Markets Board in order to gather all commercial and industrial real estate such as shopping malls, office buildings, business and industrial centers, warehouses and logistics centers which are already under the portfolio of Sinpaş Group and will be constructed in the future under a single roof.It is aimed to achieve fixed rent income instead of sales income.

Servet Real Estate Investment Company is currently maintaining its studies for forming a portfolio and plans to go public in as immediate as possible and to take part amongst the top ranked three real estate investment companies of Turkey.
Sinpaş Yapı Endüstrisi ve Ticaret A.Ş.
Established in 1974 as a construction company in Ankara and moved to Istanbul in 1985. The company was responsible from the sales and marketing of the real estate projects developed within the Group. Sinpaş Yapı has completed 11 projects with 740.000 sqm construction area consisting of approx. 4.500 housing units to date. As of today the company undertakes the construction activities and continues to develop commercial properties.
Seranit Granit Seramik San. Tic. A.Ş.
As being the first ceramic producer of Turkey, Seranit produces flooring and sidings by the transfer of glass into ceramic under the world renowned “Seranit” brand in the largest integrated facilities in Europe. The company has yearly 8,5 million sqm production capacity and its sales network includes 258 point of sales in Turkey with more than 50 showrooms and 82 point of sales in 21 foreign countries. The company exports the most of its products to the foreign markets.
Prodek Yapı Dekorasyonu San. Tic. A.Ş.
Until 2004 the company, which produces high quality wooden furniture for kitchens and bathrooms under the “Vanucci” brand, only furnished its services to Sinpaş, however since 2005 it has expanded its operations to the domestic market.