Turkey
· Delayed Price · Currency is TRY Sinpas Gayrimenkul Yatirim Ortakligi A.S. Company Description
Sinpaş İnşaat Anonim Şirketi (“Sinpaş İnşaat”), which was established on 22 December 2006 with the aim of transforming into a Real Estate Investment Partnership (“REIT”), applied to the Capital Markets Board (“CMB”) with the request to transform into a REIT and following the approval of the relevant request, it was transformed into a REIT by being registered in the trade registry on 3 May 2007 and its title was changed to Sinpaş Gayrimenkul Yatırım Ortaklığı A.Ş.
(“Sinpaş GYO”). The main operation of the Group is to develop residential and sales real estate projects.
The Group is under the roof of Sinpaş Group Companies, one of the leading real estate investment and development groups in the sector.
The Group was established in Türkiye and operates in Türkiye. The main shareholder of the Group is Avni Çelik.
Considering the advantages and synergy that the merger of Sinpaş GYO and Sinpaş Yapı, which operate in the same sector, will create in terms of economic, operational and competitive power, and the benefits that the opportunities and possibilities that will arise from the company size after the merger will provide to all Capital Market stakeholders, it was decided to merge Sinpaş GYO and Sinpaş Yapı based on the balance sheets of 30.06.2017, within the framework of the relevant legislation, with the decision of the Board of Directors taken on 21.11.2017 by the Board of Directors of Sinpaş GYO.
At the Extraordinary General Assembly meeting held on 29.12.2017, it was decided by majority vote that Sinpaş Yapı would be taken over by Sinpaş GYO and merged within Sinpaş GYO.
The Extraordinary General Assembly meeting was registered on 28.02.2018. Due to the merger transaction, the issued capital of Sinpaş GYO was increased by 600,000,000 TL to 873,193,432 TL.
The merger was realized within the Group and the merger transaction was evaluated within the framework of the provisions of TFRS standards and a combined group balance sheet was created as required by the standard.
Sinpaş Yapı's net assets underlying the merger were determined by valuing investment properties and stocks at fair value.
As of 31 March 2025, the Group has 188 employees. (31 December 2024: 205 employees.) The Group's registered address is Sinpaş Plaza, Dikilitaş Mahallesi Yenidoğan Sokak.
No:36 34349 Beşiktaş, İstanbul.
| Country | Turkey |
| Founded | 2006 |
| Industry | REIT - Residential |
| Sector | Real Estate |
| Employees | 205 |
| CEO | Seba Gacemer |
Contact Details
Address: Sinpas Plaza, Dikilitas Mahallesi Besiktas, 34349 Turkey | |
| Phone | 90 212 310 27 00 |
| Website | sinpas.com.tr |
Stock Details
| Ticker Symbol | SNGYO |
| Exchange | Istanbul Stock Exchange |
| Fiscal Year | January - December |
| Reporting Currency | TRY |
| ISIN Number | TRESNGY00019 |
| SIC Code | 6798 |
Key Executives
| Name | Position |
|---|---|
| Dr. Avni Celik | Chairman of the Board |
| Seba Gacemer | GM and Director |
| Dursun Yasar Camurali | Chief Financial Officer and Director |
| Baris Ekinci | Deputy General Manager of Corporate Communication and Marketing |
| Berna Akpinar | Deputy General Manager of Real Estate Development and Project Management |
| Özkan Öztürk | Deputy General Manager of Sales and Customer Relationship Management |
| Fatih Yilmazoglu | Deputy General Manager of Production and Control |
| Emre Cizmeci | Investment Relations Manager |