[CONSOLIDATION_METHOD_TITLE] [CONSOLIDATION_METHOD]
Related Companies
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English
oda_NoncurrentAssetPurchaseAbstract|
Non-Current Asset Purchase
oda_UpdateAnnouncementFlag|
Update Notification Flag
Hayır (No)
oda_CorrectionAnnouncementFlag|
Correction Notification Flag
Hayır (No)
oda_DateOfThePreviousNotificationAboutTheSameSubject|
Date Of The Previous Notification About The Same Subject
-
oda_DelayedAnnouncementFlag|
Postponed Notification Flag
Hayır (No)
oda_AnnouncementContentSection|
Announcement Content
oda_NatureOfNonCurrentAssetBought|
Nature of Non Current Asset Bought
Independent Units in "Cubes Ankara" Project
oda_LocationAndAreaofNoncurrentAssetBought|
Location and Area of Non-current Asset Bought
Ankara Province, Çankaya District, Çukurambar Neighborhood, Independent Section No. B1-404 in the nature of Hotel - 6.613,84 m² and Independent Section No. B2-30 in the nature of Multi-Purpose Hall 2.187,91 m²
oda_BoardDecisionDateforPurchase|
Board Decision Date for Purchase
23.12.2024
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
628.075.000 -TL+KDV
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 (%)
10,06%
oda_RationofPurchasePriceToPaidInCapitalOfCompany|
Ratio of Purchase Price to Paid-in Capital of Company (%)
18,21%
oda_RatioOfPurchasingValueToTotalAssetsinLatestDisclosedFinancialStatementsOfCompany|
Ratio of Purchasing Value to Total Assets in Latest Disclosed Financial Statements of Company (%)
3,24%
oda_RatioOfPurchasingValueToTotalNetNoncurrentAssetsInLatestDisclosedFinancialStatementsOfCompany|
Ratio of Purchasing Value to Total Net Non-current Assets in Latest Disclosed Financial Statements of Company (%)
4674%
oda_RatioOfTransactionValueToSalesInLatestAnnualFinancialStatementsOfCompany|
Ratio of Transaction Value to Sales in Latest Annual Financial Statements of Company (%)
44,29%
oda_PurchasingConditions|
Purchasing Conditions
It is included in the Description field.
oda_DateOnWhichTheTransactionWasWillBeCompleted|
Date on which the Transaction was/will be Completed
31.12.2024
oda_AimOfPurchaseAndEffectsOnCompanyOperations|
Aim of Purchase and Effects on Company Operations
positive
oda_CounterParty|
Counter Party
Totem İş Güvenliği Ekipmanları İnş.Taah.San. ve Tic. LTD. ŞTİ
oda_IsCounterPartyARelatedPartyAccordingToCMBRegulations|
Is Counter Party a Related Party According to CMB Regulations?
Hayır (No)
oda_NatureofRelationWithCounterParty|
Nature of Relation with Counter Party
Commercial
oda_AgreementSigningDateIfExists|
Agreement Signing Date if Exists
oda_ExercisePriceOfRetirementRightRelatingToSignificantTransaction|
Exercise Price of Retirement Right Relating to Significant Transaction
-
oda_ValueDeterminationMethodOfNoncurrentAsset|
Value Determination Method of Non-Current Asset
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
23.12.2024/2024-42 - 23.12.2024/2024-2
oda_TitleOfValuationCompanyPreparedReport|
Title of Valuation Company Prepared Report
ARGE Gayrimenkul Değerleme ve Danışmanlık AŞ - ETİK Gayrimenkul Değerleme ve Danışmanlık AŞ
oda_ValueDeterminedInValuationReportIfExists|
Value Determined in Valuation Report if Exists
740.818.350,00-TL - 738.000.000,00-TL (Ortalama Değer: 739.409.175-TL)
oda_ReasonsIfTransactionWasntWillNotBePerformedInAccordanceWithValuationReport|
Reasons if Transaction wasn't/will not be performed in Accordance with Valuation Report
Suitable
oda_ExplanationSection|
Explanations
oda_ExplanationTextBlock|
In our Cubes Ankara Project, with the decision of the Board of Directors dated 12.03.2024, the independent sections numbered B1-404 with Hotel qualification and numbered B2-30 with Multi-Purpose Hall qualification, totaling 8.801,75 m², were sold as Shell&Core to Totem İş Güvenliği Ekipmanları İnşaat Taahhüt San. ve Tic. Ltd. Şti. for 628.075.000, -TL + VAT and the sale of tangible fixed assets was announced to the public on 29.03.2024.
However, with the decision of the Board of Directors of our Company dated 23.12.2024; Totem İş Güvenliği Ekipmanları İnşaat Taahhüt San. ve Tic. Ltd. Şti's application for difficulty in performance and default in its deferred payments, our Company's right to withdraw from the sale of the relevant immovables for just cause shall be exercised, and all expenses related to the canceled sales transaction and the take-back of our Company shall be borne by Totem İş Güvenliği Ekipmanları İnşaat Taahhüt San. ve Tic. Ltd. Şti. for the return of the immovable properties to our Company at the sales price (628.075.000,-TL+VAT), provided that all expenses related to the canceled sales transaction and the take-back of the immovable properties are covered by Totem İş Güvenliği Ekipmanları İnşaat Taahhüt San. Taah. San. and Tic. Ltd. Şti. for the return of the immovables to our Company.

In this context, the title deed transactions for the relevant independent sections were realized on 31.12.2024 and the real estates were included in our portfolio.  ARGE Gayrimenkul Değerleme ve Danışmanlık AŞ appraised the market value of the returned independent sections as TL 740.818.350,00 and ETİK Gayrimenkul Değerleme ve Danışmanlık AŞ appraised the market value as TL 738.000.000,00. The average value of the related valuation reports is TL 739,409,175 and the reports are attached hereto.

It is respectfully announced to the public.


In accordance with the Turkish capital markets regulations, in case of any discrepency between the Turkish and English   versions of  disclosures, the Turkish language version which is published on the Public  Disclosure Platform (KAP) shall   prevail.