and sell real estate certificates, securities on property which are
issued in consideration of real property loan, and such securities
which the CMB has deemed being similar to the aforesaid ones.
and sell offices, residences, office buildings, shopping malls, hospitals,
hotels, warehouses, commercial parks and similar real properties to
earn sale profit or rent.
and sell lands and lots to earn sale profit by buying the ownership
or to develop building projects by creating independent sections.
sell any real property on which a superior real right in the form
of an independent and permanent right is created after obtaining the
ownership thereon in order for development of a building project on
such property by public or private entities or real persons on behalf
of the REIC, in order to earn a profit.
in any real property development project for which all licenses required
by the law have been obtained, of which the designs have been prepared
and ratified, and in respect of which the existence, completeness
and accuracy of all documents required by the law for commencement
of the construction have been certified by an independent expertise
firm, at any stage of the project by obtaining the title or creating
a superior right on such real property in order to earn real property
development profit or rent.
and use usufruct on any real property, create time share servitude
on any real property, become superior right holder on a land they
own in order to earn profit.
development projects by Build-Operate-Transfer method by creating
a superior real right on the underlying real property, providing that
the specific requirements have been fulfilled and as subject to special
invest in real property backed projects which meet the specific requirements
without aiming at obtaining the title or creating independent section
usufruct thereon in accordance with the terms of the contract with
a view of earning a share in the future rents, providing that securities
deemed appropriate by the CMB are in place.
jointly in projects based on real estate which meet the specific requirements
by creating independent section usufruct without limiting the disposition
of the joint owners on the section allocated to the REIC on the contract
buy and sell real estates abroad by obtaining the title thereon and
invest in foreign securities, providing that they are based on real
real properties from third persons and re-lease them to earn rent,
providing that the special contract terms allow this.
swap and forward transactions in order to hedge the exchange rate
risk arising from transactions in foreign currencies and the interest
rate risk arising from debts, write options, and purchase futures
other than those based on commodities.
ALARKO REAL ESTATE
Muallim Naci Cad. No : 69 34347 Ortaköy-ISTANBUL-TURKEY
Phone : (212) 227 52 00 Fax : (212) 261 84 31,
227 04 27 e-mail: