[CONSOLIDATION_METHOD_TITLE] [CONSOLIDATION_METHOD]
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English
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Material Event Disclosure General
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Hayır (No)
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Explanations
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In response to our information request from Sarıyer Municipality dated April 25, 2022 with no. 6320514-62126, we have been informed that a zoning implementation under Article 18 of the Zoning Law No. 3194 has been started and is ongoing in the area including our immovables registered in Istanbul Province, Sarıyer District, K. Ayazağa Neighbourhood, under Map section no 2, Parcel numbers 36, 41, 398, 399, 400, 401, 403 with an approximate area of 75,000 m2.

Following the plot and land arrangement works to be carried out in accordance with Article 18 of the Zoning Law, it is expected that the parcels where our immovables are located will become suitable for housing. For the process to be completed, the parceling plan to be prepared by Sarıyer Municipality should be suspended for 1 month, possible objections must be resolved, parceling plan should be finalized, approved by the cadastre directorate and the title deeds should be obtained following the registration by the land registry directorate.

The public will be informed of additional developments upon their finalization.

This statement has been translated into English for informational purposes. In case of a discrepancy between the Turkish and the English versions of this disclosure statement, the Turkish version shall prevail.