Home Recent News Turkey’s First Real Estate Investment Fund

Turkey’s First Real Estate Investment Fund

371
0
Turkey's First Real Estate Investment Fund
Nova Property

Following the publication of the communiqué on Real Estate Investment Funds (REIF) by the CMB, the first real estate fund of Turkey has been established by Ak Portföy. With the REIFs brought to life by Ak Portföy, a bridge has been established between the Real Estate and the Finance Sectors.

Following the publication of the communiqué on Real Estate Investment Funds (REIF) by the CMB, the first real estate fund of Turkey has been established by Ak Portföy. With the REIFs brought to life by Ak Portföy, a bridge has been established between the Real Estate and the Finance Sectors.

real estate funds

REIFs can reach 10 billion TL in size

Alp Keler, the Managing Director of Ak Portföy, said, “While a brand new vehicle of investment has been brought to life for the corporate and individual holders of savings with this new class of asset, very important resources will also be provided to the real estate sector, and therefore the economy of Turkey. With AK Portföy REIF, corporate and individual investors will be able to invest in a high quality real estate portfolio, which has passed through the detailed investment processes of a deep-rooted and institutional portfolio management system, with ease. As well as the increases in value in the real estate market, investors in particular will be able to benefit from the opportunity of the relatively high rental returns in commercial estate in this way. We believe it is possible for REIFs to grow at pace, and reach 10 billion TL within a few years.”

REIFs are an important opportunity from investors’ point of view

Alp Keler, the Managing Director of Ak Portföy
Alp Keler, the Managing Director of Ak Portföy

Dr. Alp Keler, the Managing Director of Ak Portföy, pointed out that despite the fact that real estate sees a considerable amount of demand in Turkey, as a class of asset, the financial products in this area are insufficient, and that the REIFs would be filling an important void. Keler said, “Just like gold, real estate is an important part of our investment traditions. The developments in the real estate market and the increases in prices in the last 10 years are encouraging the holders of savings to evaluate their investments in this field. However, just as in every other instrument, investing in real estate also requires a serious amount of expertise. REIFs are a brand new instrument which bring together the investment experience of Portfolio Management companies and the opportunities of the real estate sector.

While the fund allows corporate and individual holders of savings the possibility of investing in a real estate portfolio, which has been selected by experts and has a high potential for increases in value and rents with a single transaction, it is also aiming to provide a serious amount of resources to the economy of Turkey. Keler made a reminder that Ak Portföy is a company which manages 16 billion TL of assets, and said, “We are expecting our Real Estate Investment Fund to reach a size of 100 million dollars within a short period of time.”

This site uses Akismet to reduce spam. Learn how your comment data is processed.