Turkey's largest real estate investment trust (REIT), Emlak Konut, has posted record-high sales of more than TL 3.8 billion ($1.05 billion) in the first half of 2017.
It sold an approximate 613,535 square meters in 3,528 independent sections in the first six months of this year, which Emlak Konut REIT General Manager Murat Kurum called very successful by. "The figures we achieved exceeded our expectations," he said.
The company had aimed to reach TL 3.3 billion in sales figures by selling 518,917 square meters of property and 3,965 independent sections.
Claiming that they have created values worth TL 9 billion with five megaprojects, contracted before the end of June, Kurum said: "Real estate firms are greatly interested in our bids, as a result of the positive effect the second quarter of 2017 had on markets.
"The interest and figures we have achieved are the indicators of confidence in our country and company. At Emlak Konut REIT, we support the growth and development of Turkey. We are continuously working for a stronger Turkey with our expanding vision."
The company had announced that it would bid on TL 1.5 billion worth of lands this year and that it would see trade worth more than TL 10 billion as a result of these tenders.
As far as the current bidding schedule of the company is concerned, it aims to reach total project revenue of TL 15 billion with some new tenders by the end of the year.
Stressing that they believe in the country's future, Kurum said: "In addition to the five projects that have been tendered so far, we recently offered lands in Istanbul's Şile and Antalya's Muratpaşa districts. We also plan to tender lands in Istanbul's Florya, Teşvikiye and Küçükçekmece districts in the second half of the year."