KUYAŞ REAL ESTATE AND ERA JOIN FORCES

The US-based global real estate consultancy company ERA Real Estate, and KUYAŞ Real estate have joined forces. With their cooperation, ERA Real Estate is not entitled to sell the real estates of KUYAŞ. Turkey Director of ERA Real Estate Ufuk Şevki said that they will be contributing in the promotion of Turkey, being involved in “a rally of fairs” by attending numerous real estate fairs with the projects they are now entitled to sell. ERA Real Estate Turkey, the youngest global real estate consultancy company in Turkey and Kuyaş Real Estate, one of the leading construction companies of the sector signed an agreement. According to the agreement, ERA will be able to sell the real estate within the portfolio of Kuyaş. Kuyaş Real Estate will be able to use the franchise sale offices of ERA located in 13 cities and 47 locations. In a statement about the subject, ERA Real Estate Turkey Director Ufuk Şevki noted that their long-term target will be to contribute into the promotion of Turkey by internationalizing the “fair rally”. Şevki added that ERA Turkey will sign further agreements with brand projects like KUYAŞ and supply the ERA Turkey franchise offices with ready portfolios and salable products, saying, “our aim is to include a new project into our system on a monthly basis throughout 2017”. A pool of projects is to be created…

A global real estate brand with more than 3 thousand offices, 38 thousand officers and real estate consultants worldwide, ERA will be providing portfolio support for the franchise offices with the recent agreement signed with Kuyaş Real Estate. In all cities of ERA franchise offices, the projects of KUYAŞ Real Estate will be sold and therefore even though a franchise office is new in business, it will have a built portfolio.

ERA will thus be able to make agreements with brand projects and offer square meter, price and location alternatives for the visiting investors of its franchise offices. Additionally, the brand projects will be able to be promoted and marketed in remote areas. Expressing that they are planning to create a pool of projects including the ones that vary in terms of price, square meter and location and that could be alternatives to each other, ERA Real Estate Turkey Director Ufuk Şevki added as follows: “By creating a pool of projects, we will be supplying our franchise offices with alternatives to offer to the investors in their regions, with ready and high quality portfolios. Additionally, with this pool of projects, our offices will be more comfortable about taking over and marketing the local high quality projects”. Noting that the cooperation will highly benefit both parties, Kuyaş Real Estate Vice General Manager Zafer Yurtsever briefed as follows: “Era is a company with a high brand value and thus they will be supporting us as we will be supporting them. The business energy of Era is combining with our targets of growth. We give great importance to such forms of cooperation. The synergy from such an organization as Era will also have a positive influence upon us. Era is a company with large and long-established relations that is also very favorable for our corporate principles. I believe that this cooperation will add a different vision and depth to the sector. The agreement between ERA Real Estate and Kuyaş Real Estate initially involves the sale of real estate constructed in the Asian Side of Istanbul. However, although this agreement covers the Asian Side for the time being, we are planning to make a similar agreement also for the commercial real estate on the European Side.”

The only 100% public construction company…

Kuyaş Real Estate adapted its practice of trading precious metals that began 600 years ago in the Grand Bazaar to the market conditions of our day and contributed into making Basın Ekspres Road area into a financial center and the company is also the only 100% publicly traded real estate company in Turkey. In the field of commerce Kuyaş has its signature under prominent projects including Borsa Tower, Istanbul Vizyon Park Plaza, Istanbul Vizyon Park Central Plaza, Kuyumcu Kent Workshops, Kuyumcu Kent Office Plazas, Wedding World Shopping Center etc. Kuyaş’s housing projects include Palmiye Houses, Akalın Apartment Building, Hatipoğlu Apartment Building and other similar luxury housing projects.