[CONSOLIDATION_METHOD_TITLE] [CONSOLIDATION_METHOD]
Related Companies
[VKGYO]
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
07.04.2022
oda_DelayedAnnouncementFlag|
Postponed Notification Flag
Hayır (No)
oda_AnnouncementContentSection|
Announcement Content
oda_NatureOfNonCurrentAssetBought|
Nature of Non Current Asset Bought
İstanbul International Finance Center (IIFC) Project
oda_LocationAndAreaofNoncurrentAssetBought|
Location and Area of Non-current Asset Bought
25.718 m2
oda_BoardDecisionDateforPurchase|
Board Decision Date for Purchase
07.04.2022
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
TL 930 million + VAT
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 (%)
-
oda_RationofPurchasePriceToPaidInCapitalOfCompany|
Ratio of Purchase Price to Paid-in Capital of Company (%)
13,1%
oda_RatioOfPurchasingValueToTotalAssetsinLatestDisclosedFinancialStatementsOfCompany|
Ratio of Purchasing Value to Total Assets in Latest Disclosed Financial Statements of Company (%)
0,0923%
oda_RatioOfPurchasingValueToTotalNetNoncurrentAssetsInLatestDisclosedFinancialStatementsOfCompany|
Ratio of Purchasing Value to Total Net Non-current Assets in Latest Disclosed Financial Statements of Company (%)
18.12%
oda_RatioOfTransactionValueToSalesInLatestAnnualFinancialStatementsOfCompany|
Ratio of Transaction Value to Sales in Latest Annual Financial Statements of Company (%)
-
oda_PurchasingConditions|
Purchasing Conditions
-
oda_DateOnWhichTheTransactionWasWillBeCompleted|
Date on which the Transaction was/will be Completed
-
oda_AimOfPurchaseAndEffectsOnCompanyOperations|
Aim of Purchase and Effects on Company Operations
-
oda_CounterParty|
Counter Party
Vakıf REIT
oda_IsCounterPartyARelatedPartyAccordingToCMBRegulations|
Is Counter Party a Related Party According to CMB Regulations?
Evet (Yes)
oda_NatureofRelationWithCounterParty|
Nature of Relation with Counter Party
Subsidary
oda_AgreementSigningDateIfExists|
Agreement Signing Date if Exists
-
oda_ExercisePriceOfRetirementRightRelatingToSignificantTransaction|
Exercise Price of Retirement Right Relating to Significant Transaction
Nonsignificant transaction
oda_ValueDeterminationMethodOfNoncurrentAsset|
Value Determination Method of Non-Current Asset
Real Estate Valuation Report
oda_DidValuationReportBePrepared|
Did Valuation Report be Prepared?
Düzenlendi (Prepared)
oda_ReasonForNotPreparingValuationReportIfItWasNotPrepared|
Reason for not Preparing Valuation Report if it was not Prepared
-
oda_DateAndNumberOfValuationReport|
Date and Number of Valuation Report
16.03.2022-16.03.2022
oda_TitleOfValuationCompanyPreparedReport|
Title of Valuation Company Prepared Report
Denge Gayrimenkul Değerleme ve Danışmanlık A.Ş. ve Etik Gayrimenkul Değerleme ve Danışmanlık A.Ş.
oda_ValueDeterminedInValuationReportIfExists|
Value Determined in Valuation Report if Exists
-
oda_ReasonsIfTransactionWasntWillNotBePerformedInAccordanceWithValuationReport|
Reasons if Transaction wasn't/will not be performed in Accordance with Valuation Report
-
oda_ExplanationSection|
Explanations
oda_ExplanationTextBlock|

Reference: VakıfBank Public Disclosure dated April 7, 2022.

It was announced with the referred disclosure that with the decision of the Bank's Board of Directors dated 07.04.2022 the Head Office had been  authorised to make sales contract between VakıfBank and Vakıf REIT for the purchase 25,718 m2 field within the 52-floor building, owned by Vakıf REIT, to the amount of TL  930 million + VAT. The building is planned to be the Head Office premises of VakıfBank within the area of ongoing Istanbul International Finance Center (IIFC) project.

In this context; sales contract was signed between VakıfBank and Vakıf REIT for the purchase 25.718 m 2 field within the 52-floor building, which  is planned to be the Head Office premises of VakıfBank.

According to CMB legislation, in case of a contradiction between the Turkish and English versions of this public disclosure, the Turkish version shall prevail.