Boasting a 38-year background and expertise in the real estate market, the Sinpaş Group underwent a reorganization at the end of 2006 upon which it started to implement its activities for developing housing projects under the umbrella of Sinpaş REIC. Ranked second among top-demanded companies of the industry according to a research conducted by Capital in 2010, Sinpaş REIC is a public real estate investment trust established pursuant to the relevant regulations of the Capital Market Board.
Sinpaş REIC is traded at the Istanbul Stock Exchange with a public share of 49% and a market value of
594 million TL.
Thanks to a strong workforce, a secure financial framework and sound management Sinpaş REIC continues to create value for its shareholders and partners with 37% of shares representing Sinpaş REIC capital actually circulating in the market. With its portfolio size of 1.85 billion TL, Sinpaş REIC is ranked third among 21 real estate investment trusts currently traded in ISE.
Maintaining the mission of the Sinpaş Group that contributes to the urban transformation process of Turkey by appealing to an extensive customer audience and taking the lead in the development of prestigious residential areas in various regions, Sinpaş REIC carries on its operations across the same service and responsibility approach. While offering a favourable living space and profitable investment with its prestigious and exquisite projects on one side, Sinpaş REIC contributes to developing and enhancing the areas within its investment scope on the other side.
Sinpaş REIC's prospect is to convey to future its deep-rooted expertise in land development, project design, marketing and sales with its highly qualified and experienced staff, and to turn out to be the leader company of Turkey in the housing market.