[CONSOLIDATION_METHOD_TITLE] [CONSOLIDATION_METHOD]
Related Companies
[]
Related Funds
[]
English
oda_NoncurrentAssetPurchaseAbstract|
Non-Current Asset Purchase
oda_UpdateAnnouncementFlag|
Update Notification Flag
Evet (Yes)
oda_CorrectionAnnouncementFlag|
Correction Notification Flag
Hayır (No)
oda_DateOfThePreviousNotificationAboutTheSameSubject|
Date Of The Previous Notification About The Same Subject
05.05.2023
oda_DelayedAnnouncementFlag|
Postponed Notification Flag
Hayır (No)
oda_AnnouncementContentSection|
Announcement Content
oda_NatureOfNonCurrentAssetBought|
Nature of Non Current Asset Bought
Factory Building and Land
oda_LocationAndAreaofNoncurrentAssetBought|
Location and Area of Non-current Asset Bought
16,119 m² closed area on 7,027 m² of land located on block 267, parcel 5, Ömerli Neighborhood, Arnavutköy District, Istanbul Province
oda_BoardDecisionDateforPurchase|
Board Decision Date for Purchase
05.05.2023
oda_WereMajorityOfIndependentBoardMembersApprovedTheBoardDecisionForPurchase|
Were Majority of Independent Board Members' Approved the Board Decision for Purchase
Yes
oda_TotalPurchasingValue|http://www.xbrl.org/2003/role/verboseLabel
Total Purchasing Value
EUR 3.140.651,59 equivalent to TL 67.749.654,22 (EUR 1.056.410,26 equivalent to TL 22.660.000 real estate fee, EUR 2.005.411 equivalent to TL 43.515.837 right of interest fee and EUR 55.510,33 equivalent to TL 1.573.817,77 other fee)
oda_RatioOfTransactionAmountToValueOfCompanyBasedOnTheMathematicalWeightedAverageOnADailyBasisSixMonthsPriorToDateOfBoardDecision|
Ratio of Transaction Amount to Value of Company Based on the Mathematical Weighted Average on a Daily Basis, Six Months Prior to Date of Board Decision (%)
1.36% (Transaction value/Akfen REIT Company Value)
oda_RationofPurchasePriceToPaidInCapitalOfCompany|
Ratio of Purchase Price to Paid-in Capital of Company (%)
5.21% (Purchase price/Akfen GYO Paid-in Capital)
oda_RatioOfPurchasingValueToTotalAssetsinLatestDisclosedFinancialStatementsOfCompany|
Ratio of Purchasing Value to Total Assets in Latest Disclosed Financial Statements of Company (%)
0.56% (Purchase price/Akfen REIT Consolidated Total Assets)
oda_RatioOfPurchasingValueToTotalNetNoncurrentAssetsInLatestDisclosedFinancialStatementsOfCompany|
Ratio of Purchasing Value to Total Net Non-current Assets in Latest Disclosed Financial Statements of Company (%)
0.64% Purchase price/Akfen GYO Consolidated MDV Total)
oda_RatioOfTransactionValueToSalesInLatestAnnualFinancialStatementsOfCompany|
Ratio of Transaction Value to Sales in Latest Annual Financial Statements of Company (%)
13.24% (Transaction price / Akfen REIT 2022 Cons. Revenue Total)
oda_PurchasingConditions|
Purchasing Conditions
Cash
oda_DateOnWhichTheTransactionWasWillBeCompleted|
Date on which the Transaction was/will be Completed
26.07.2023
oda_AimOfPurchaseAndEffectsOnCompanyOperations|
Aim of Purchase and Effects on Company Operations
The rental income from the property is expected to contribute positively to the revenues and profitability of our subsidiary Akfen Karaköy.
oda_CounterParty|
Counter Party
Odea Bank A.S.
oda_IsCounterPartyARelatedPartyAccordingToCMBRegulations|
Is Counter Party a Related Party According to CMB Regulations?
Hayır (No)
oda_NatureofRelationWithCounterParty|
Nature of Relation with Counter Party
-
oda_AgreementSigningDateIfExists|
Agreement Signing Date if Exists
05/05/2023
oda_ExercisePriceOfRetirementRightRelatingToSignificantTransaction|
Exercise Price of Retirement Right Relating to Significant Transaction
Not a significant transaction.
oda_ValueDeterminationMethodOfNoncurrentAsset|
Value Determination Method of Non-Current Asset
Cost approach method
oda_DidValuationReportBePrepared|
Did Valuation Report be Prepared?
Düzenlendi (Prepared)
oda_ReasonForNotPreparingValuationReportIfItWasNotPrepared|
Reason for not Preparing Valuation Report if it was not Prepared
Düzenlendi/(Prepared)
oda_DateAndNumberOfValuationReport|
Date and Number of Valuation Report
05.05.2023/ Özel 2023-380
oda_TitleOfValuationCompanyPreparedReport|
Title of Valuation Company Prepared Report
Net Kurumsal Gayrimenkul Değerleme ve Danışmanlık A.Ş.
oda_ValueDeterminedInValuationReportIfExists|
Value Determined in Valuation Report if Exists
TRY 290,000,000
oda_ReasonsIfTransactionWasntWillNotBePerformedInAccordanceWithValuationReport|
Reasons if Transaction wasn't/will not be performed in Accordance with Valuation Report
The transaction has been realized within the framework of the Contract of Transfer of Right of Interest and Promise of Sale of Real Estate signed between Akfen Karaköy and Eraysan companies on 05.05.2023 and within the scope of the right of interest in this contract.
oda_ExplanationSection|
Explanations
oda_ExplanationTextBlock|
Our subsidiary Akfen Karaköy Gayrimenkul Yatırım ve İnşaat A.Ş. "Akfen Karaköy" has purchased the right of redemption of 77,80% of the factory building and land (the remaining part belongs to TCDD) on 5.5.2023 and today (26.7.2023) the transaction has been completed by transferring the real estate to Akfen Karaköy. Akfen Karaköy has rented the factory building and land to Eraysan company operating in the factory. The factory building and land will be rented at a rate of 10% of the total transfer price stated above, amounting to 314 thousand Eur equivalent TL per annum, and the Seller has a 3-year repurchase right from the same transfer price.