Turker Project Real Estate

Turker Proje Gayrimenkul ve Yatirim Gelistirme A.S. is a real estate development company headquartered in Uskudar, Istanbul. The company was established under the name Mutlu Yatirim Proje ve Gayrimenkul Gelistirme through the partial demerger of certain properties on the balance sheet of the listed Mutlu Aku ve Malzemeleri Sanayii A.S., and took its current name in 2015. Its shares trade on Borsa Istanbul under the ticker TURGG.

The company's purpose is to develop projects on the properties it owns, make use of its land and advance existing projects. Although its articles of association allow for different building types, such as housing, offices, shopping malls, healthcare and tourism facilities, according to the portfolio information on its corporate website its only investment asset is a plot of land in Kartal, Istanbul. This land lies within the Kartal urban regeneration area, and the zoning process is ongoing. The company's main shareholder is Turker Yatirim Holding.

Because of this structure, material event disclosures on zoning and urban regeneration processes in Kartal, land valuation reports and possible project partnerships are the decisive topics for TURGG shares. On the Lzzo.com page, you can calculate the stock's historical return, check daily price statistics and reach similar stocks in the real estate sector.