Ağaoğlu Real Estate Investment Trust to Go Public

Forex - Burak Kutluğ, CEO of Ağaoğlu Group, announced that the group's real estate company will transition into Ağaoğlu REIT and go public. Kutluğ stated, "If everything goes well, we aim to conduct the public offering of Ağaoğlu REIT in the first half of 2025. It will be our second publicly traded company." According to Hamide Hangül's report, Ağaoğlu, which operates in real estate, energy, and tourism and went public with Tatlıpınar Energy last year, is now taking its real estate sector public as well. Burak Kutluğ, CEO of Ağaoğlu Group, also announced that they have applied to the Capital Markets Board for the transformation into Ağaoğlu Real Estate Investment Trust, and the public offering is planned for the first half of 2025. Discussing the group's investment plans, goals, and developments in the real estate sector, Kutluğ mentioned that they have produced approximately 50,000 housing units in Turkey to date.