Fenercioğlu Inc., which has projects in many locations both within the country and abroad, especially in Antalya and Alanya, collaborated with Neo Portfolio Management Inc. on land and mixed real estate investment funds. Aycan Fenercioğlu, the Chairman of the Board of Directors of Fenercioğlu Inc., announced that they achieved a turnover of 50 million euros in 2021, 75 million euros in 2022, and projected a turnover of 85 million euros in 2023. He further disclosed that their turnover target for 2024 is 150 million euros.
Bekir Yener Yıldırım, the Chairman of the Board of Directors of Neo Portfolio Management, stated that with 55 investment funds they manage, the total assets under management have reached the limit of 750 million dollars.
In a joint statement, Aycan Fenercioğlu, the Chairman of the Board of Directors of Fenercioğlu Inc., and Bekir Yener Yıldırım, the Chairman of the Board of Directors of Neo Portfolio Management, explained that through the collaboration, they aim to invest in immovable properties that will not succumb to inflation and will appreciate against foreign currency, using funds established for this purpose. They emphasized that the size target for each fund is 500,000,000 Turkish Lira.
The collaboration between Fenercioğlu and Neo Portfolio involved land and mixed real estate investment funds.
Speaking at a press conference at Wyndham Grand Istanbul Levent on December 6th, Aycan Fenercioğlu, the Chairman of the Board of Directors of Fenercioğlu Inc., announced the collaboration with Neo Portfolio, a corporate investor that invests in various types of real estate in 10 different cities. Fenercioğlu Land and Mixed Real Estate Investment Funds allow investors to collectively invest in supervised and transparent land and income-generating real estate. The funds aim for investments that will resist inflation and appreciate against foreign currency.
Fenercioğlu mentioned that they have ongoing large-scale projects in 20 different locations throughout Turkey. He highlighted the success of Fenercioğlu Inc., which has completed about 500,000 square meters of projects since 2014.
As part of Fenercioğlu Companies Group, they are involved in the largest urban transformation project in the city.
Besides their base in Antalya, Fenercioğlu Companies Group continues its investments in Bodrum Gümüşlük and İzmir Göztepe in Turkey. They are also part of the largest urban transformation project in İzmir Göztepe, which includes a shopping mall, mosque, health center, kindergarten, and various living spaces.
In addition to domestic projects, Fenercioğlu Inc. is actively engaged in construction activities on a total area of 94,418 square meters in Northern Cyprus and has an ongoing project in Spain, maintaining its international presence.
The turnover target for Fenercioğlu Companies Group in 2024 is set at 150 million euros.
Fenercioğlu Companies Group achieved a turnover of 50 million euros in 2021, 75 million euros in 2022, and 85 million euros in 2023. They aim to reach a turnover of 150 million euros in 2024.
They are contributing value to the sector by actively operating in various areas within the industry.
Fenercioğlu is involved not only in residential projects but also in commercial real estate, infrastructure projects, and urban renewal areas within the construction sector. This comprehensive approach demonstrates our ability to provide a wide range of solutions to our customers. In addition to our construction activities, we contribute value to the sector in areas such as real estate investment funds, structural control, construction materials and excavation, machinery, and agriculture.
We have undertaken the construction of 7 shopping malls covering an area of 75,000 square meters and consisting of a total of 800 commercial units in the Mediterranean region where our company originated. Over 200 projects were drawn in our project office last year, and approximately 5,000 constructions were inspected for compliance with regulations by our four affiliated structural control firms. In the agriculture sector, we engage in the production of avocados and tropical fruits on an area of over 100 acres.
Our investments will impact the lives of approximately 15,000 people.
Through our residential projects, urban renewal projects, commitments, signed agreements, and investments under construction, we are working every day to become a part of the lives of approximately 15,000 people. Behind our success are 400 colleagues, each an expert in their field. Additionally, with a team of 100 architects and engineers, we operate with expertise and foresight at every stage of a project from initiation to completion.
Our values include honesty, customer focus, and continuous improvement.
As the Fenercioğlu Companies Group, our vision is to solidify our leadership in the sector by realizing creative and sustainable projects at international standards, contributing economically to our country. In line with this vision, we prioritize customer satisfaction by adopting the best practices in the sector. Our values include honesty, customer focus, and continuous improvement.
This collaboration will provide solutions that meet investors’ expectations.
In addition to our collaboration with Neo Portfolio, our real estate investment funds offer our customers the opportunity to diversify their portfolios with investment opportunities. These funds provide solutions that meet investors’ expectations with professional management, liquidity advantages, and a low entry threshold. As the Fenercioğlu Companies Group, we not only lead the industry but also carry the responsibility of adding value to the community. In this context, we strictly adhere to principles of business ethics, sustainability, and social responsibility.
Both real estate investment funds will focus on coastal areas, especially the Mediterranean.
With our Fenercioğlu Land and Mixed Real Estate Investment Funds, we aim to invest in immovable properties that will resist inflation and appreciate against foreign currency. The main strategy of our Land Fund is to include the right lands for future real estate projects in the fund portfolio and sell these lands when the time is right. The main strategy of our Mixed Real Estate Fund is to invest in properties with rental and value appreciation potential using innovative investment strategies. Both of our funds will focus on coastal areas, especially the Mediterranean.
Investing in properties with high potential is our main goal.
Our primary goal is to invest in zoned lands in rapidly developing regions along the coastline and in properties with high potential. The Land Fund will sell the lands it includes in its portfolio when their value appreciates. The Mixed Fund will generate rental income from properties such as residential units, shops, and offices in its portfolio and will also sell these properties when their value appreciates.
The duration of our fund is 5+5 years.
“As a rule,” fund investors can only exit the fund at the end of the fund period. Our fund duration is 5+5 years. However, if the acquired lands and real estate reach their value and are sold before the fund period, investors may be given the opportunity for profit distribution or exit during the term.
Who Can Invest in GYF?
Investments of at least 1,000,000 TL or multiples thereof can be made in our funds. The size target for each of our funds is 500,000,000 TL. Qualified investors, individuals, or legal entities with at least 1,000,000 TL in cash or equivalent assets can invest in the fund. Those who meet these criteria will have entry to the fund by opening a special account at Neo Portföy Yönetim A.Ş., which has been licensed by the Capital Markets Board in the field of portfolio management.
While speaking in this manner, mentioning, “We manage 55 investment funds and total assets exceeding 750 million dollars.”
Bekir Yener Yıldırım, Chairman of the Board of Neo Portföy Management, also stated, “Today, we are proud and happy to take an exciting step into the investment world. As Neo Portföy, with 55 investment funds and total assets exceeding 750 million dollars, managed by diversifying real estate, securities, private equity, and technology investments, we are a prominent institution in the financial world. Our commitment to providing unique solutions to our investors continues, and Neo Portföy is growing with strategic partnerships in this regard. We are delighted to introduce two Real Estate Investment Funds, which we co-founded with a visionary and successful construction company.”
“The total size of the assets we manage has reached 2,500,000 m².”
“As Neo Portföy, we manage nearly a thousand real estate assets in 18 Real Estate Investment Funds. With our Real Estate Investment Funds, we have invested in almost all types of real estate and strengthened our experience. The total size of the assets we manage has reached 2,500,000 m². By introducing Neo Portföy Fenercioğlu Real Estate Investment Funds, we will further diversify our extensive real estate investment portfolio.”
“We expect the total size of the two funds to reach 40 million dollars.”
“The Neo Fenercioğlu funds aim to focus on sustainable investments, especially in the Mediterranean region, with a reliable and transparent structure, targeting Turkey’s historically attractive region. The Mediterranean region has always been a center of attraction for investors with its cultural richness, unique natural beauties, and economic potential throughout history. Our Real Estate Investment Funds in this region will stand out as a transparent structure and a reliable investment vehicle, focusing on carefully selected lands and income-generating properties. With these two funds, which we expect to reach a total size of 40 million dollars, our investors will not only participate in the historical beauties of the region but also achieve sustainable returns based on our expertise in the sector.”
“We continue our mission to provide more effective solutions to our investors.”
“We had previously collaborated with Fenercioğlu on real estate technology venture capital investments. This time, by integrating innovative technologies and business models with sustainable practices into real estate investments, we continue our mission to provide more effective solutions to our investors. Innovation is one of the fundamental values of Neo Portföy, and by implementing these values, we are excited to open the doors to a new era in the real estate investment world. We are very determined to bring together the dynamics of the real estate sector and capital markets most efficiently and to grow in this field.”
About Fenercioğlu Inc.: Fenercioğlu Inc. has been active in multiple sectors such as urban transformation, construction, and agriculture for many years in Antalya. Established in 2014 by Construction Engineer Aycan Fenercioğlu, the company has become a leading firm in its sector, continuing its successful projects in Spain, Bodrum, and Cyprus. Fenercioğlu Inc. provides comprehensive services for all sizes of projects, including initial cost estimates, development proposals, design and cost planning, project management, and construction delivery.