December 11, 2018, İstanbul
Hürriyet Emlak, a subsidiary of Doğan Holding that provides an industry leading advertising platform, data-driven insights and an innovative technology platform for the real estate industry, today announced that it has partnered with Goldman Sachs, one of the world’s leading investment banks. Accordingly, the world’s leading bank became a minority stake holder of Hürriyet Emlak through capital investment.
Hürriyet Emlak, which supports the national economy by reviving the real estate industry, leverages its ecosystem of business partners, technology platform, advertising opportunities and data to create a superb customer experience. This new partnership, demonstrates the trust the global investment community has in Turkey, and will allow Hürriyet Emlak to continue to expand its innovative and data-driven services through its customer focused approach.
Additionally, the capital investment will allow Hürriyet Emlak to grow and strengthen its position in the market, bringing benefits for all stakeholders. Hürriyet Emlak will remain as one of the largest, most trustworthy and innovative real estate companies in Europe and the Middle East, affirming its commitment to information-based transparency.
Vuslat Doğan Sabancı: "We will keep improving and developing our ecosystem."
Vuslat Doğan Sabancı, Chairperson of the Board of Hürriyet Emlak and a Board Member of Doğan Holding, emphasizes that Hürriyet Emlak s partnership with Goldman Sachs not only shows the strong position of the company, but also the trust and interest that foreign investors have in Turkey.
"We have been the leader of the real estate industry since establishment, and today, we have taken another important step for our company and the broader industry,” said Vuslat Doğan Sabancı, Chairperson of the Board of Hürriyet Emlak and Board Member of Doğan Holding “Investments from global financial institutions like Goldman Sachs are vital for the nation s economy, as well as for the development of the industry. As one of the leading brands in our country, Hürriyet Emlak has laid the foundation of this partnership with its financial strength, innovative products and services, country-wide service network, superior technological infrastructure and trustworthiness.”
Hürriyet Emlak is determined to adopt new capabilities by investing in innovative products and services. The company will continue to provide its customers with a wide range of options suitable for all budgets and needs, providing a fast, transparent and practical experience.
Hürriyet Emlak has created a trust-based and transparent real estate ecosystem in Turkey by bringing buyers, sellers, homeowners, agents, real estate firms, construction firms and professionals together. Hürriyet Emlak will keep on taking firm steps towards shaping the industry, while expanding its property and customer portfolio.
The transaction will be considered complete upon approval from Competition Board.
About Hürriyet Emlak:
Hürriyet Emlak offers high-quality service by preparing up-to-date and detailed ads with an aim to unify the industry,. Hürriyet Emlak platform was launched in 2006 by a truly professional team, and has provided its individual customers and corporate business partners with an excellent service ever since. Company has introduced many "firsts" in Turkish real estate industry, which made life easier for its individual and corporate customers. Company not only facilitates the customer s search for the right estate, but also improves the journey of purchasing one.
About Goldman Sachs:
The Goldman Sachs Group, Inc. is a leading global investment banking, securities and investment management firm that provides a wide range of financial services to a substantial and diversified client base that includes corporations, financial institutions, governments and individuals. Founded in 1869, the firm is headquartered in New York and maintains offices in all major financial centers around the world.
About Doğan Holding:
Doğan Group has been adding significant value to the Turkish economy for nearly 60 years. The foundation of Doğan Şirketler Grubu Holding A.Ş. (“Doğan Holding,” “Doğan Group,” “Holding,” “Company” or “Group”) was laid when Honorary Chairman Aydın Doğan registered with the Mecidiyeköy Tax Office in 1959 and established his first automotive company in 1961. Today, Doğan Group companies, with their innovative approach and forward-looking vision, play a pioneering role in a wide range of sectors, which include energy, industry, automotive marketing, financial services as well as media and tourism. Doğan Holding and all Group companies put into practice corporate and ethical values, which set an example for other companies in the business world.