Announcement Regarding the Letter of Intent


Our Company's indirect subsidiary D-Yapi Real Estate Investment and Construction S.A. (D-Yapı) and Koray Gayrimenkul Yatırım Ortaklığı A.Ş. have signed an unbinding letter of intent for the development of a revenue-sharing based real estate project on D-Yapı's land of 55,167 m2 located in Pipera region of Bucharest, Romania.


Following a detailed preliminary research, a binding contract is planned to be signed should the two parties agree. 

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