DOĞUŞ-GE REIT

History

Real Estate Investment Trust (REIT) companies, for which first legal arrangements were made by the Capital Markets Board in 1995, started being accepted for trading on the Stock Exchange by going public as of 1997.

Our Company started being accepted for trading on the Stock Exchange by going public on 25th July 1997 and listed in Istanbul Stock Exchange 100 Index, as the third REIT Company on the Stock Exchange under the commercial title Ottoman REIT with an authorized capital of 5 million TL and a paid-up capital of 250,000 TL.

The Company, 51% of capital share of which was transferred to Garanti Bank as a result of a merging of Ottoman Bank and Garanti Bank, both of which belonged to Dogus Group at the end of 2001, became a financial affiliate of Garanti Bank. Its commercial title was changed to Garanti, and its authorized capital was increased to 500 million TL and its paid-up capital to 93.78 million TL as of the end of 2005 respectively.

As a result of the fact that Garanti Bank sold 50% of its shares to GE Real Estate Europe and 50% of its shares to Dogus Holding A.S., the shareholding of Doğuş-GE GYO A.Ş.was changed to 25.5% to Dogus Holding A.S., 25.5% to GE Real Estate Europe, and 49% was to open to the public as 01st December 2006.

Its shares are still included in ISE-National 100 and ISE-REIT sector index, and traded in the national market under the code “DGGYO”.

Vision

Based on its new shareholding structure, Doğuş-GE GYO A.Ş aims to be one of the leading investor and developer companies in Turkey thanks to the synergy created by means of combining global experiences and strong capital of GE Real Estate with experiences of Dogus Group in finance, construction and real estates.

Mission

The mission of Dogus-GE GYO A.Ş. is to increase the value of its investment portfolio by means of achieving a stable growth, and thus, to provide its partners with the greatest interest in their shares in respect of increases in both dividends and market value, and also to provide its customer group with great satisfaction by means of developing projects focused on their needs.

Focal point of our investment strategy: Original and affordable residential units

Doğuş-GE REIT's strategic target is to invest in architecturally original, and financially reasonable, housing development projects with a certain conceptual approach, appealing to middle and upper-middle income groups in metropolitan areas such as Istanbul, and in commercial real estate and development projects, with regular, low risk and high lease returns.

Modern quality policies

In the competitive conditions of today, product and service quality are gradually getting more important. Thus, in order to guarantee product and service quality, ISO-9000 series quality system standards are established by ISO (International Organization for Standardization). The quality systems used by the companies are certificated under supervision of independent institutions.

Highlights from properties portfolio

Doğuş GE REIT has a large portfolio of properties with Doğuş Power Center in Maslak, İstanbul and a shopping mall, Antalya 2000 Plaza, in Antalya.

Antalya / Centrum, Shopping Center, “Antalya 2000 Plaza”

Antalya 2000 Plaza is an office and shopping center building located in Recep Peker Street, where urban rents have the most value and vehicle and pedestrian traffic is very dense, which offers 92 independent sections and other sections of 9000 m² for offices, shopping area, bazaars, cinemas and fast food restaurants. 56.8% of the building was included in the Company’s portfolio in 2000.

Value of building having 3,3% share in company portfolio is 5,490,000 TL current value in accordance to 2009 expertise report prepared by Taksim Kurumsal Gayrimenkul Değerleme ve Danışmanlık A.Ş.

Istanbul / Maslak, Shopping Center Project, “Dogus Power Center”

Dogus Power Center broke new ground in Turkey by exclusively hosting large stores and offering a unique store mix. This mix includes car showrooms and service areas, supermarkets, music stores, and retailers of home furniture, home textiles and sports equipment, and food courts. Located in Istanbul’s main business center Maslak and exclusively featuring big stores known as “big boxes”, Dogus Power Center offers a high-quality of interior design and equipment unlike its foreign counterparts. The main reason behind this choice is that Maslak-Levent area is Turkey’s banking and finance center where educated white-collar personnel are working. The center is also easily accessible: It is quite close to the coast road, TEM and E5 highway, the junctions of both bridges that cross the Bosphorus, and the new underground station (Metro Station).

Dogus Power Center also offers significant benefits to the brands included in its store mix. Such brands are usually unable to find adequately large and cost-effective spaces in downtown malls and forced to move to outskirts of the city, which results in an inability to attract their target audience. Dogus Power Center offers such stores the opportunity to occupy large spaces in Maslak in the heart of the city. Total covered space of the center is 58.000 m², with stores occupying 32.830 m². Closed parking space with total 634 vehicle capacity and it has an open auto park area. Construction of Doğuş Power Center Project was completed in November -2006 and opened for us. Value of building having 87% share in company portfolio is 147,060,000 TL in accordance with expertise report prepared at the end of 2009 year by Taksim Kurumsal Değerleme ve Danışmanlık A.Ş. with Capital Market Board (SPK) license.

In accordance with Portfolio table as per 31 December 2009, portfolio value of the company is 168,8 Millions. TL and asset value is 167,4 Millions TL respectively.