Limak established its Real Estate Investment Department to grow its half-century of experience gained in various geographies in the real estate sector with a more focused and corporate structure. With the new structure, the company aims to strengthen its existing portfolio and develop high value-added real estate projects both domestically and internationally.
Limak, which operates in various sectors from construction to tourism, infrastructure to mixed-use superstructure projects across a wide geography stretching from Turkey to Europe, the Middle East, and Africa, established its Real Estate Investment Department to grow its real estate investments with a more focused and corporate structure. The company, aiming to advance its experience gained in 14 countries across three continents with this new structure, will focus on strengthening its existing portfolio as well as developing high value-added real estate projects both domestically and internationally.
Engineering expertise is being transferred to real estate investments
One of Limak's most significant achievements, which has substantially strengthened its technical competence and project development experience with projects implemented in recent years, was the Central Bank of the Republic of Turkey campus built within the scope of the Istanbul International Finance Center. The building, one of the tallest structures in Turkey and Europe, has provided significant knowledge in high-rise engineering and serves as a strong international reference in advanced technology and superstructure development projects. This engineering expertise provides a significant competitive advantage in high-quality real estate and financial center projects.
Another significant step that combined Limak's technical expertise with international real estate development experience was the Diamond of Skopje project implemented in North Macedonia. This project, Limak's first large-scale real estate investment abroad, stands out as an important milestone for its identity as an international real estate developer, with its mixed-use model bringing together a hotel, residences, offices, and a shopping center. The project, which contributes to the social and commercial transformation of Skopje, is also considered one of the concrete examples demonstrating the experience gained in investment development, project financing, and real estate management on an international scale.
Ozan Kolcuoğlu, who has 20 years of experience in real estate valuation, investment development, and project financing, has been appointed as the General Manager of the new structure at Limak. Emphasizing that this accumulation of experience, ranging from engineering to investment development, opens the door to a new era in Limak's vision, Limak Real Estate Investment General Manager Ozan Kolcuoğlu stated: "Today, the factor determining success in the real estate sector is not just developing the right project; it is being able to act at the right time, in the right market, and with the right business partners. We are launching Limak Real Estate Investment with this perspective. By correctly interpreting regions with investment potential, we will focus on developing projects that meet different usage needs, adhere to global standards, and create long-term value in every market we operate in. Our goal is to create a strong real estate investment brand that adds value to the geographies it operates in with internationally developed projects and stands out with its long-term investment approach." - ISTANBUL