TSKB Real Estate Investment Trust (TSKB REIT) is a portfolio management company investing in real estate and real estate projects. The Company, which was established at the beginning of 2006 aims at the development and management of a profitable real estate portfolio to provide high returns to its shareholders. TSKB REIT which is a subsidiary of Türkiye Sınai Kalkınma Bankası A.Ş. (TSKB), the first private investment and development bank of Turkey, also benefits from the Bank’s corporate governance principles and unique expertise that goes back to more than 60 years.
As a capital markets institution, TSKB REIT can invest into real estate, capital market instruments backed by real estate, real estate development projects, and other capital market instruments; establish partnerships to realize certain projects and is allowed to get into further activities within the framework of the relevant Communiqué of the CMB.
Basic elements of the corporate strategy of TSKB REIT are consistency, transparency, quality, customer orientation and teamwork. The Company’s investment strategy relies on a sustainable portfolio growth through project development with the implementation of the key elements of risk management.
The paid in capital of TSKB REIT was increased to TL 100 m as of end of 2008 in cash for the financing of the investment projects. Accordingly, the size of the assets of TSKB REIT which had an initial paid in capital of TL 10 m has reached TL 364 m and the gross leasable area (GLA) under management upped to 50 k from 3 k as of end of 2012 due to the investments added to the portfolio throughout the years.
The upper limit of the registered capital of TSKB REIT has been increased to TL 200 m at the beginning of 2010 and the Company applied at the CMB for the approval to raise the paid in capital to TL 150 m in cash, with the additional shares representing the capital increase to be listed at the Istanbul Stock Exchange. Together wih the “green shoe option” exercised by the existing shareholders, the shares representing TL 57.500.000 have been listed and started to be traded at Istanbul Stock Exchange (ISE) as of April 9th, 2010 under the symbol of "TSGYO".