TOURISM

İlke Turistik Yatırımlar A.Ş.

Kandilli Gayrimenkul Yatırımları Yönetim İnşaat ve Ticaret A.Ş.

Kandilli Gayrimenkul Yatırımları Yönetim İnşaat ve Ticaret A.Ş. was founded on November 02, 2012 as a joint venture company with Milta Turizm İşletmeleri A.Ş. and Rönesans Gayrimenkul Yatırım A.Ş., with each holding a 50% share. Kandilli Gayrimenkul purchased a 23,685 m2 land in Ümraniye, Istanbul to develop real estate projects.

M-INVESTMENT 1 LLC

On April 14, 2014, Milta Turizm İşletmeleri A.Ş. established M-Investment 1 LLC in the United States to invest in real estate projects. As of December 31, 2017, M-Investment 1 LLC’s capital totaled USD 14,580,000. M-Investment 1 LLC's long-term investments include Lexin Nassau L.P. The said investment is accounted as a financial asset held-for-sale, and as of December 31, 2017 its fair value is recorded as TL 96,080 thousand (USD 25,473 thousand)

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