KUYAŞ REAL ESTATE DELIVERS PRECIOUS METALS AND PRECIOUS STONES MARKET BUILDING TO THE STOCK EXCHANGE OF ISTANBUL

The only 100% publicly traded real estate developer of Turkey that is set off to develop housing and commercial projects, Kuyaş Real Estate, for the first time in Turkey, constructed and delivered to the Stock Exchange of Istanbul, the “Stock Exchange Istanbul Precious Metals and Precious Stones Market Storage Building” and the “Gold Storage Center”.

The President Recep Tayyip Erdoğan inaugurated the new service buildings of the stock exchange on the Foundation Anniversary of the Stock Exchange of Istanbul as well as the Stock Exchange Istanbul Precious Metals and Precious Stones Market Storage Building built on Kuyaş Real Estate’s land and also developed by Kuyaş Real Estate.

On January 14, 2017, President Recep Tayyip Erdoğan inaugurated the new service buildings of the stock exchange on the Foundation Anniversary of the Stock Exchange of Istanbul. One of those buildings is the campus of Kuyumcukent, which also includes the Precious Metals and Precious Stones Market. During the ceremony held at the Central Building of the Stock Exchange of Istanbul, President Recep Tayyip Erdoğan connected to the Stock Exchange Istanbul Precious Metals and Precious Stones Market Storage Building through teleconference and inaugurated the place. Thus, the “Gold Storage Center” developed by Kuyaş Real Estate on the land of Kuyaş Real Estate was also delivered to the Stock Exchange of Istanbul.

Sait Erdal Metiner , the Chairman of the Executive Board of Kuyaş Real Estate stated that they are honored that Mr. President Recep Tayyip Erdoğan has inaugurated such a prominent center and added as follows: “With this project implemented on construction area of 7524 square meters, we have concluded another significant stage in the transformation of Kuyumcukent location into the finance center of Istanbul’s European Side. The construction of the “Stock Exchange Istanbul Precious Metals and Precious Stones Market Storage Building” and the “Gold Storage Center” was initiated in 2014 as a novelty in Turkey on the land of Kuyaş Real Estate and today, we are happy to deliver this building to the Stock Exchange of Istanbul with the participation of our Esteemed President. The phase of planning has taken a long time as this building has no precedent in Turkey. The centers in India, Dubai and Switzerland have been examined on the site. The center will be accessible by large scale trucks and gold will be delivered on palettes. The Stock Exchange of Istanbul / Gold Storage Center is a building where the gold traded in the stock market can be stored with special bank vaults. This center will enable the storage of gold from Switzerland and precious stones from the Middle East within the borders of our country. The gold storage center has been constructed in compliance with the highest level security scenarios and with its special parametric façade and architectural aesthetics, it has won the “Best Office Architecture Award” at the European Property Awards section of International Property Awards. I hereby present my thankfulness to everyone who made efforts in the deliverance of this center, which is crucial for Turkey, to the finance world.”