Istanbul, February 24 – Emlak Konut Gayrimenkul Yatırım Ortaklığı A.Ş. (EKGYO) has announced the official site delivery for its Istanbul Ataşehir Kayışdağı Revenue Sharing Project. The handover to the contractor, Pekerler İnşaat Enerji Taşımacılık Turizm Sanayi ve Ticaret Ltd. Şti., occurred on Monday, February 23, 2026, signifying a crucial step forward for the development.
Project Overview and Collaborations
The Istanbul Ataşehir Kayışdağı project is being developed under a cooperation protocol signed between Emlak Konut, Fenerbahçe Sports Club, and Akfin Gayrimenkul Değerlendirme A.Ş. This collaboration aims to transform the Kayışdağı area in Ataşehir, a district on the Asian side of Istanbul, into a significant new development.
Emlak Konut, a leading real estate investment trust in Turkey, is known for its large-scale urban transformation and housing projects. The partnership with Fenerbahçe Sports Club, one of Turkey’s largest sports clubs, and Akfin Gayrimenkul, a real estate valuation company, indicates a multifaceted approach to the project, potentially involving residential, commercial, or mixed-use developments.
Details of the Site Delivery
The site delivery was formally completed yesterday, February 23, 2026. This action enables Pekerler İnşaat, the appointed contractor, to commence construction activities on the designated land. Site deliveries are standard procedures in large construction projects, officially transferring responsibility for the construction area from the developer to the contractor.
The announcement was made via a Public Disclosure Platform (KAP) statement, ensuring transparency and informing investors and the public about the project’s progress. Such disclosures are mandatory for publicly traded companies in Turkey, providing essential information to the financial markets.
The Significance of the Ataşehir District
Ataşehir is a rapidly developing district in Istanbul, known for its modern infrastructure, business centers, and residential complexes. Its strategic location and ongoing urban development projects make it an attractive area for real estate investments. The Kayışdağı region within Ataşehir is expected to benefit significantly from this new development, potentially leading to increased property values and new opportunities for residents and businesses.
The project’s advancement is also noteworthy given the current economic climate and the ongoing demand for quality housing and urban infrastructure in Istanbul. Emlak Konut’s continued investment in such large-scale projects underscores its commitment to contributing to Turkey’s urban development and economic growth.
Future Prospects and Economic Impact
The commencement of construction activities for the Istanbul Ataşehir Kayışdağı project is anticipated to generate employment opportunities and stimulate economic activity in the region. Large construction projects typically involve a wide range of suppliers, subcontractors, and service providers, creating a ripple effect throughout the local economy.
While specific details regarding the project’s scope, such as the number of residential units, commercial spaces, or public amenities, were not immediately available in the announcement, the involvement of Emlak Konut and its partners suggests a comprehensive and impactful development.
Investors will likely monitor the progress of this project closely, as Emlak Konut’s developments often have a significant influence on the real estate market. The successful completion of the site delivery is a positive indicator for the project’s timeline and overall execution.
The collaboration between a public real estate company, a major sports club, and a real estate valuation firm for such a significant urban development project highlights a growing trend of strategic partnerships aimed at maximizing project potential and delivering comprehensive urban solutions in Turkey.
The next phases of the project will involve detailed planning, groundbreaking ceremonies, and the commencement of actual construction, all of which will be closely watched by stakeholders and the public.
