Turkey. İSTANBUL OCAK ISTANBUL JANUARY Ceylan Intercontinental

Transcription

1 REAL ESTATE INVESTORS & DEVELOPERS IN TURKEY TÜRKİYE DE GAYRİMENKUL GELİŞTİRME VE YATIRIMI Turkey TürkiyeGRI 2012 İSTANBUL OCAK ISTANBUL JANUARY Ceylan Intercontinental İngilizce ve Türkçe Program English & Turkish Program

2 TIPS 2012 Aşağıda GRI dan en iyi şekilde faydalanmak için tavsiyelerimizi bulabilirsiniz. GRI oturumları panel şeklinde değildir. Oturum başkanının rehberliği eşliğinde kendi evinizde arkadaşlarınızla sohbet edermiş gibi konuşmalar ve tartışmalar şeklindedir. Sadece (eş)başkanlar değil, her katılımcı eşit olarak katılım sağlar. Oturum (eş)başkanının görevi, HERKEZİ konuşmaya ve katılmaya teşvik etmektir. (Eş)başkanlar odanın farklı yerlerinde oturur ve oturuma diğer katıılımcılarla eşit oranda katılım yapar, ne daha az, ne daha fazla. Eğer yeni ortaklarla iletişime geçmek faydalı olabilirse, sizi dilediğiniz kadar faal ve vocal olmaya davet ediyoruz. Bu, diğerlerinin sizi, sizin de diğerlerini daha iyi tanımanızı sağlayacaktır. Oturum Başkanı, sorularını, genelde sessizlikle sonuçlanacağından, odadaki herkese genel olarak sormayacaktır; isim vererek, işaret ederek belli bir kişiye yönelterek soracaktır. Ama herkesi yorum yapmaya, soru sormaya ve farklı fikir beyan etmeye teşvik ediyoruz. Lütfen oturum saati geldiğinde tercih ettiğiniz oturumun odasına gidiniz. Odalar oturumlar başladıktan sonra dolduğundan, boş oda sizi yanıltmasın. Hızlı bir şekilde dolacaktır. Bazı katılımcılar kimsenin duyamayacağı şekilde alçak sesle konuşmaktadırlar. Lütfen sesinizi yükseltiniz ve eğer duyamıyorsanız diğerlerini de seslerini yükseltmeye teşvik ediniz. Konuşmayı tekelinize almaktan, satış konuşması haline getirmekten kaçınınız. Oturum başkanı bu şekildeki konuşmaları sonlandıracaktır. GRI formatı, sektörün önde gelen üst düzey yöneticilerini, mümkün olduğu kadar doğal ve spontane bir ortamda, paylaşmaya, öğrenmeye ve arkadaşlıklar edinmeye teşvik edecek şekilde tasarlanmıştır. GRI toplantılarını nasıl daha iyi yapabileceğimiz konusunda tavsiyelere açığız. Here are a few tips that may be helpful in getting the most out of the GRI. GRI discussions are NOT panels. They are like after-dinner conversations in one s own living room with a few good friends under the guidance of the moderating Chair. Everyone participates equally, not just the Discussion (co-)chairs. The job of the moderating Chair is to make EVERYBODY talk and engage. Discussion co-chairs sit scattered about the room and participate no more, no less than anyone else in the room. If connecting with new partners can be useful, we encourage you to ENGAGE as vocally and actively as you might enjoy. This will enable others to get to know you and you to get to know them. The Moderating Chair will be addressing questions DIRECTLY to particular participants, by name or by pointing at them, not just to anyone unspecified in the room at-large, as that is usually greeted with pregnant silence. Even so, you are encouraged to comment, question, dissent or otherwise interject. As no one will prompt you, please join the discussion room of your choice in time. Rooms only fill in AFTER a discussion starts and you need not be alarmed by a near empty room. It will quickly get crowded. Some participants speak so softly as to be unheard by most. SPEAK UP and remind others to do so if you can t hear them. AVOID monopolizing conversation, self-promotion or commercial pitches as the Moderating Chair has been urged to cut them off. The GRI format was designed to enable senior industry leaders to share, learn and make friends in as natural, spontaneous and collegial a setting as possible. We welcome your suggestions as to how we can do better.

3 WELCOME 2012 HOŞGELDİNİZ The job of Discussion Chairs at the GRI is not to talk. It is to make others talk, engage and connect. Ongoing updates at Türkiye GRI 2012 ye hoşgeldiniz. Bütün GRI konferanslarında olduğu gibi, Türkiye GRI 2012 de, bugün burada bulunan, sektörün farklı alanlarında deneyimlere sahip bir çok kişi tarafından günümüzün sıcak konularını tartışmak üzere yaratıldı. Onlara ne kadar teşekkür etsek az. We are delighted to welcome you to the Turkey GRI As with all GRI get-togethers, the Turkey GRI 2012 was created by many present here today who have contributed front-line expertise, intellectual brilliance, financial resources and more, to reach out to fellow leading lights and create a program to discuss today s issues. We can t thank them enough. All material throughout this program is subject to change without notice deki GRI toplantılarının herhangi birinde bir oturumda (eş)başkanlık yapmayı faydalı bulursanız, size programda en iyi şekilde yer verebilmek için, sizi bizimle kontağa geçmeye davet ediyoruz. Farklı bir şekilde katılımı da tercih edebilirsiniz. Lütfen oturum sırasında söz alın, aktif olarak katılın, çünkü GRI da her şey sizinle, sizin işinizle, sizin fırsatlarınızla ilgili. GRI deneyiminizin çok faydalı olmasını dileriz. Bizimle olduğunuz için teşekkürler. Emrah Şenel Director, Turkey/MENA GRI/British GRI Global Real Estate Institute If (co-)chairing one or more discussions could be useful to you at any forthcoming GRI event, we invite you to contact us and discuss how best to put them on the program. If any other type of involvement could be useful, it is similarly welcome. In the meantime, please join in the fray and engage in the discussions as if this was about you, your business, your opportunities. Because it is. We wish you a great GRI. Thanks for being with us. Henri Alster Chairman, GRI Global Real Estate Institute INQUIRIES AND FURTHER INFORMATION [email protected] UK Tel: UK Fax:

4 NOT FINAL at time of press. Please check handout update TUESDAY TALKSHOW INVESTING IN TURKEY safe haven in a dangerous world? DOLMABAHÇE 3 GLENN AARONSON chairman FORUM TURKEY FUND turkey DR. FRITHJOF FUCHS managing partner ERIAPARTNERS REAL ESTATE turkey KORAY ÖZGÜL ceo CORIO TÜRKİYE turkey BURHANETTİN YURTSEVEN general manager PRAMERICA REAL ESTATE INVESTORS turkey KANUNİ DOLMABAHÇE 3 DOLMABAHÇE 2 DOLMABAHÇE 1 AFFORDABLE HOUSING still emerging or have yields compressed too much already? GHADA HOWAIDY SELÇUK ÖZDIL SAHAR NASR OFİS YATIRIMLARINDA YENİ MİA BÖLGELER her zamankinden daha mı çekici? OFFICE DEVELOPMENTS IN NEW CENTRAL BUSINESS DISTRICTS more attractive than ever? ÖMER EGESEL MEHMET ERKTİN MEHMET EVEN HAKAN GÜMÜŞ EVRİM KARAYEL GÖKÇE MERİÇTEN TAŞKIN TARI SHARON TURNER BURHANETTİN YURTSEVEN PRIVATE EQUITY REAL ESTATE IN TURKEY more opportunities, new trends? ANTHONY KHOI ERTAN DAL GÜVENÇ KETENCİ HAKAN KODAL FRANK ROCCOGRANDE CÜNEYT CAN TAŞAN STELIOS ZAVVOS SHOPPING MALL DEVELOPMENT all done or what s really new? GLENN AARONSON BARLAS BALCIOĞLU ZAFER BAYSAL ELİF GERMİRLİ ANDREAS HOHLMANN CÜNEYT KANDEMİR İREM KAYACIK JASON LUCAS PHILIPP VON WILMOWSKY YAĞMUR YAŞAR BREAK H00 HEALTHCARE INVESTMENTS IN TURKEY preferred choice of savvy investors? TOBIAS LEVEY PHILIP HYNARD CEM ÖREKLİ MARCUS WILKINS RESIDENTIAL IN TURKEY survive or thrive? TÜRKİYE DE KONUT büyüyor mu ayakta mı kalıyor? NEŞECAN CEKİCİ MEHPARE EVRENOL ERDEN TİMUR DAVID TUFTS DİLAN ÜRÜN IPO S IN REAL ESTATE opportunities risks and challenges? CENK ARSON HALUK BİLGİC HAKAN TURUNÇ SECİL YILDIZ B. KAĞAN CEYLAN EGYPTIAN REAL ESTATE have new opportunities arisen after the country s rebirth? HISHAM AKRAM HESHAM SHOUKRI AYMAN SOLIMAN GHADA HOWAIDY MERT YILDIZ DRINKS RECEPTION TURKEY GRI2012 All material throughout this brochure is subject to change without notice.

5 WEDNESDAY FLOORPLAN YAVUZ NOT FINAL at time of press. Please check handout update KANUNI FATIH DOLMABAHÇE 1 DOLMABAHÇE 2 DOLMABAHÇE 3 DOLMABAHÇE FOYER KEYNOTE TURKEY: MAPPING THE FUTURE IN A NEW WORLD ORDER DOLMABAHÇE 3 MERT YILDIZ economist - emerging europe and middle east RENAISSANCE CAPITAL uk 10H30-11H30 12H15-13H15 14H30-15H45 HOTEL DEVELOPMENT innovative strategies required? SECOND HOMES developers trouble or next big thing? FINANCING bleak future or new opportunities? KANUNİ ÖMER İSVAN ELİF EGELİ-NİŞANCI ÇAĞRI EROLSUN ORHAN MAVİOĞLU ÖZGÜR MERİÇTEN TUĞRUL TEMEL ÖZLEM GÖKÇE MURAT MERTOĞLU AYNUR ÖNDER ALPCAN YAZICI MUSTAFA TİFTİKÇIOĞLU BERTİ BRUDO YULIA STEPANOVA DOLMABAHÇE 3 DOLMABAHÇE 2 KEYNOTE 09H00-10H00 TURKISH REAL ESTATE outlook & opportunities for 2012 TÜRKİYE DE GAYRİMENKUL 2012 nin görünümü ve fırsatları WULF MEINEL ANDREA ATTISANI MERT KURT OLEG PAVLOV PATRICK VAN DOOYEWEERT DAMIAN VON STAUFFENBERG ANDREAS HOHLMANN RETAIL REAL ESTATE INVESTMENTS AND EXPANSION the toughest game of all? NEŞE MERDİNLER ALISON REHILL-ERGÜVEN ERTAN SEVİNÇ SERHAN SÜZER CANSEL TURGUT YAZICI MARCUS WILKINS NURİ ŞAPKACI LOJİSTİK YATIRIMLARI VE GELİŞTİRME zamanlama doğru mu? LOGISTICS INVESTMENTS & DEVELOPMENTS is the timing right for either? MURAT ERGİN ALTUĞ İNAN TANER KENAR SUSTAINABILITY IN REAL ESTATE is it economically viable? TAVİT KÖLETAVİTOĞLU ŞENAY AZAK-MATT B. KAĞAN CEYLAN RAZA JAFAR MEHMET ERKTİN MARKUS LEHTO LUNCH 13H15-14H30 MIXED-USE REAL ESTATE how to make it successful? KARMA KULLANIMLI GAYRİMENKUL PROJELERI Başarının sırrı nedir? AYBARS KIZILSENCER MUSTAFA ABADAN WADAD AL SUWAYEH ALAN FELTOON FRITHJOF FUCHS BUKET HAYRETÇİ İNANÇ KABADAYI GÖKHAN ÖZBER KUBİLAY ÖZBİSİKLETÇİ TONY PHILLIPSON SHOPPING MALL MANAGEMENT can we still do it on an Excel sheet? NİHAT SANDIKÇIOĞLU TONY DE GRAAF NURİ ŞAPKACI ZAFER BAYSAL CLOSING DRINKS 15H45-16H45 ISTANBUL S CHANGING SKYLINE more landmark projects in pipeline? MIDDLE EASTERN INVESTORS is Turkey becoming a new magnet? FOREIGN INVESTMENT where to put the money and will you get it back? DOLMABAHÇE 1 MATTHEW WARNER MUSA AYKAÇ AYLA HEYFEGİL MARKUS LEHTO ERDEN TİMUR RIZA KADILAR SALEH ALSUBEAEI JOSEPH BONNER MAHMOUD EL BURAI HAKAN FERHATOĞLU BADER SAEDAN MOHAMAD SOTOUDEH PATRICK WALSHE TOBIAS LEVEY MUSTAFA ÖZDEMIR ZEYNEP FETVACI GÖKSAN GÜREL DOĞAN ÖKSÜM ULF PETTERSSON PETER VERMEER All material throughout this brochure is subject to change without notice.

6 TUESDAY SALI INVESTING IN TURKEY safe haven in a dangerous world? DOLMABAHÇE TALKSHOW GLENN AARONSON chairman FORUM TURKEY FUND turkey DR. FRITHJOF FUCHS managing partner ERIAPARTNERS REAL ESTATE turkey KORAY ÖZGÜL ceo CORIO TÜRKİYE turkey BURHANETTİN YURTSEVEN general manager PRAMERICA REAL ESTATE INVESTORS turkey Glenn Aaronson Dr. Frithjof Fuchs Koray Özgül Burhanettin Yurtseven TUESDAY SALI AFFORDABLE HOUSING still emerging or have yields compressed too much already? KANUNİ GHADA HOWAIDY director of institutional development and international executive education institute, ieei AMERICAN UNIVERSITY IN CAIRO egypt Ghada Howaidy Selçuk Özdil Sahar Nasr SELÇUK ÖZDİL executive sales manager ARCELORMITTAL turkey SAHAR NASR lead financial economist THE WORLD BANK egypt OFİS YATIRIMLARINDA YENİ MİA BÖLGELER her zamankinden daha mı çekici? OFFICE DEVELOPMENTS IN NEW CENTRAL BUSINESS DISTRICTS more attractive than ever? DOLMABAHÇE 3 ÖMER EGESEL general manager TEKFEN REAL ESTATE DEVELOPMENT turkey MEHMET ERKTİN chairman OMURGA REAL ESTATE INVESTMENTS CO. turkey MEHMET EVEN assistant general manager ZORLU GAYRİMENKUL GELİŞTİRME VE YATIRIM turkey HAKAN GÜMÜŞ board member - general manager EA REAL ESTATE DEVELOPMENT & CONSTRUCTION turkey EVRİM KARAYEL general manager GÜRALLAR YAPI turkey GÖKÇE MERİÇTEN board member FERKO turkey TAŞKIN TARI founder partner / board member TMD PROCONS REAL ESTATE DEVELOPMENT CONSTRUCTION INVESTMENT turkey SHARON TURNER principal - workplace consulting SWANKE HAYDEN CONNELL ARCHITECTS uk BURHANETTİN YURTSEVEN general manager PRAMERICA REAL ESTATE INVESTORS turkey Ömer Egesel Mehmet Erktin Mehmet Even Hakan Gümüş Evrim Karayel Gökçe Meriçten Taşkın Tarı Sharon Turner Burhanettin Yurtseven with English Translation

7 DISCUSSIONS PRIVATE EQUITY REAL ESTATE IN TURKEY more opportunities, new trends? DOLMABAHÇE 2 ANTHONY KHOI president CENOR GROUP france ERTAN DAL general manager TAURUS EURASIA GAYRİMENKUL PROJE GELİŞTİRME turkey GÜVENÇ KETENCİ managing partner KETENCI&KETENCI LAW FIRM turkey HAKAN KODAL president & ceo KREA REAL ESTATE turkey FRANK ROCCOGRANDE principal BLG CAPITAL turkey CÜNEYT CAN TAŞAN business development manager - turkey GLOBE INTERNATIONAL germany STELIOS ZAVVOS ceo ZEUS CAPITAL PARTNERS greece Anthony Khoi Ertan Dal Güvenç KETENCİ Hakan Kodal Frank Roccogrande Cüneyt Can Taşan Stelios Zavvos SHOPPING MALL DEVELOPMENT all done or what s really new? DOLMABAHÇE 1 GLENN AARONSON chairman FORUM TURKEY FUND turkey BARLAS BALCIOĞLU partner BALCIOĞLU SELÇUK AKMAN AVUKATLIK BÜROSU turkey ZAFER BAYSAL member of the board RÖNESANS REAL ESTATE INVESTMENT turkey ELİF GERMİRLİ cfo TAHİNCİOĞLU GAYRİMENKUL turkey ANDREAS HOHLMANN general manager ECE TÜRKİYE PROJE YÖNETİMİ turkey CÜNEYT KANDEMİR general coordinator NATA GROUP turkey İREM KAYACIK business development director ODAK GROUP turkey JASON LUCAS president AMSTAR GLOBAL usa DR. PHILIPP VON WILMOWSKY co-founder PRIME DEVELOPMENT PROJE GELİŞTİRME turkey YAĞMUR YAŞAR cfo RETFUND turkey Glenn Aaronson Barlas Balcıoğlu Zafer Baysal Elif Germirli Andreas Hohlmann Cüneyt Kandemir İrem Kayacık Jason Lucas Dr. Philipp Von Wilmowsky Yağmur Yaşar

8 TUESDAY SALI HEALTHCARE INVESTMENTS IN TURKEY preferred choice of savvy investors? KANUNİ TOBIAS LEVEY chief executive officer BIO CITY DEVELOPMENT COMPANY netherlands PHILIP HYNARD director AECOM turkey CEM ÖREKLİ financial advisor ALOHA GROUP turkey MARCUS WILKINS studio director AEDAS ARCHITECTS uk Tobias Levey Cem Örekli Philip Hynard Marcus Wilkins RESIDENTIAL IN TURKEY survive or thrive? TÜRKİYE DE KONUT büyüyor mu ayakta mı kalıyor? DOLMABAHÇE 3 NEŞECAN ÇEKİCİ managing partner EPOS PROPERTY CONSULTING & VALUATION turkey MEHPARE EVRENOL partner - ms. architect MİMARLAR-WORKSHOP turkey ERDEN TİMUR board member TİMUR GAYRİMENKUL GELİŞTİRME YAPI VE YATIRIM NEF turkey DİLAN ÜRÜN vice president TANSEV & ASSOCIATES usa DAVID TUFTS president / principal THE MARKETING DIRECTORS usa Neşecan Çekici Mehpare Evrenol Erden Timur Dilan Ürün David Tufts with Turkish Translation

9 DISCUSSIONS IPO S IN REAL ESTATE opportunities, risks & challenges DOLMABAHÇE 2 HALUK BİLGİÇ partner GIDE LOYRETTE NOUEL turkey CENK ARSON chief executive officer RÖNESANS REAL ESTATE INVESTMENT turkey Haluk Bilgiç Cenk Arson Dr. Kağan Ceylan DR. B. KAĞAN CEYLAN assistant general manager HALK REAL ESTATE INVESTMENT TRUST, INC. turkey HAKAN TURUNÇ ceo FORUM TURKEY FUND turkey Hakan Turunç Seçil Yıldız SEÇİL YILDIZ director, capital markets UNICREDIT MENKUL DEĞERLER turkey EGYPTIAN REAL ESTATE have new opportunities arisen after the country s rebirth? DOLMABAHÇE 1 GHADA HOWAIDY director of institutional development and international executive education institute, ieei AMERICAN UNIVERSITY IN CAIRO egypt HISHAM AKRAM vice chairman & md MADINET NASR FOR HOUSING AND DEVELOPMENT egypt HESHAM SHOUKRI ceo & executive president ROOYA GROUP egypt AYMAN SOLIMAN chairman DMG - MOUNTAIN VIEW egypt MERT YILDIZ economist - emerging europe and middle east RENAISSANCE CAPITAL uk Ghada Howaidy Hisham Akram Hesham Shoukri Ayman Soliman Mert Yıldız

10 WEDNESDAY ÇARŞAMBA TURKEY: MAPPING THE FUTURE IN A NEW WORLD ORDER DOLMABAHÇE KEYNOTE MERT YILDIZ economist - emerging europe and middle east RENAISSANCE CAPITAL uk WEDNESDAY ÇARŞAMBA HOTEL DEVELOPMENT innovative strategies required? KANUNİ ÖMER İSVAN president SERVOTEL CORPORATION turkey ELİF EGELİ-NİŞANCI senior vice president business development - turkey JONES LANG LASALLE HOTELS uk DR. ÇAĞRI EROLSUN project management and development director DEDEMAN REAL ESTATE DEVELOPMENT COMPANY turkey ORHAN MAVİOĞLU managing partner ADMD LAW OFFICE turkey ÖZGÜR MERİÇTEN board member FERKO turkey TUĞRUL TEMEL development director, turkey HILTON WORLDWIDE turkey Ömer İsvan Elif Egeli-Nişancı Dr. Çağrı Erolsun Orhan Mavioğlu Özgür Meriçten Tuğrul Temel TURKISH REAL ESTATE outlook & opportunities for 2012 TÜRKİYE DE GAYRİMENKUL 2012 nin görünümü ve fırsatları DOLMABAHÇE 3 DR. WULF MEINEL managing director - real estate CARLYLE GROUP switzerland ANDREA ATTISANI senior portfolio manager APG ASSET MANAGEMENT netherlands ANDREAS HOHLMANN general manager ECE TÜRKİYE PROJE YÖNETİMİ turkey MERT KURT deputy general manager / business development IMS PROJECT MANAGEMENT turkey OLEG PAVLOV partner CUBE CAPITAL uk PATRICK VAN DOOYEWEERT managing director REDEVCO TURKEY turkey DAMIAN VON STAUFFENBERG managing director STAUFFENBERG CAPITAL uk Dr. Wulf Meinel Andrea Attisani Andreas Hohlmann Mert Kurt Oleg Pavlov Patrick Van Dooyeweert Damian Von Stauffenberg with Turkish Translation

11 DISCUSSIONS RETAIL REAL ESTATE INVESTMENTS AND EXPANSION the toughest game of all? DOLMABAHÇE 2 NEŞE MERDİNLER business development manager KOMŞUFIRIN turkey ALISON REHILL-ERGÜVEN head of turkey PRADERA MANAGEMENT TURKEY turkey NURİ ŞAPKACI deputy general manager ECE TÜRKİYE PROJE YÖNETİMİ turkey ERTAN SEVİNÇ managing partner ATA REAL ESTATE DEVELOPMENT turkey SERHAN SÜZER vp & group president, non-financial SÜZER GROUP turkey CANSEL TURGUT YAZICI managing director - associate partner EVA REAL ESTATE APPRAISAL CONSULTANCY turkey MARCUS WILKINS studio director AEDAS ARCHITECTS uk Neşe Merdinler Alison Rehill-Ergüven Nuri Şapkacı Ertan Sevinç Serhan Süzer Cansel Turgut Yazıcı Marcus Wilkins ISTANBUL S CHANGING SKYLINE more landmark projects in pipeline? DOLMABAHÇE 1 MATTHEW WARNER business development coordinator real estate division ASTAŞ HOLDİNG turkey MUSA AYKAÇ general manager NUROL GYO turkey AYLA HEYFEGİL managing partner SERVOTEL CORPORATION turkey MARKUS LEHTO managing partner URBANISTA INTERNATIONAL uk ERDEN TİMUR board member TİMUR GAYRİMENKUL GELİŞTİRME YAPI VE YATIRIM NEF turkey Matthew Warner Musa Aykaç Ayla Heyfegil Markus Lehto Erden Timur

12 WEDNESDAY ÇARŞAMBA SECOND HOMES developers trouble or next big thing? KANUNİ ÖZLEM GÖKÇE general manager EXTENSA ISTANBUL turkey MURAT MERTOĞLU deputy chairman TULIP REAL ESTATE turkey AYNUR ÖNDER executive board member ÖNDERLER İNŞAAT turkey ALPCAN YAZICI managing partner BODREAM turkey Özlem Gökçe Murat Mertoğlu Aynur Önder LOJİSTİK YATIRIMLARI VE GELİŞTİRME zamanlama doğru mu? LOGISTICS INVESTMENTS & DEVELOPMENTS is the timing right for either? DOLMABAHÇE 3 MURAT ERGİN managing director KUZEYBATI turkey ALTUĞ İNAN cfo/board member ACCESSTURKEY CAPITAL GROUP turkey TANER KENAR comercial asset manager EROĞLU YAPI CONSTRUCTION & REAL ESTATE DEVELOPMENT turkey Murat Ergin Altuğ Inan Taner Kenar with English Translation

13 DISCUSSIONS SUSTAINABILITY IN REAL ESTATE is it economically viable? DOLMABAHÇE 2 TAVİT KÖLETAVİTOĞLU founder & president ATLAS PROJECT & LAND DEVELOPMENT turkey ŞENAY AZAK-MATT general manager turkey AAREAL BANK AG, ISTANBUL REPRESENTATIVE OFFICE turkey DR. B. KAĞAN CEYLAN assistant general manager HALK REAL ESTATE INVESTMENT TRUST, INC. turkey MEHMET ERKTİN chairman OMURGA REAL ESTATE INVESTMENTS CO. turkey RAZA JAFAR managing director ENSHAA PSC uae MARKUS LEHTO managing partner URBANISTA INTERNATIONAL uk Tavit Köletavitoğlu Şenay Azak-Matt Dr. Kağan Ceylan Mehmet Erktin Raza Jafar Markus Lehto MIDDLE EASTERN INVESTORS is Turkey becoming a new magnet? DOLMABAHÇE 1 DR. RIZA KADILAR country representative PRAMEX INTERNATIONAL turkey SALEH ALSUBEAEI owner & board member AL SUBEAEI GROUP OF COMPANIES saudi arabia JOSEPH BONNER chief investment officer MUBADALA PRAMERICA REAL ESTATE INVESTORS uae MAHMOUD EL BURAI manager DUBAI RERA uae HAKAN FERHATOĞLU partner & board member ATA REAL ESTATE DEVELOPMENT turkey TOBIAS LEVEY chief executive officer BIO CITY DEVELOPMENT COMPANY netherlands DR. BADER SAEDAN general manager AL SAEDAN REAL ESTATE COMPANY saudi arabia MOHAMAD SOTOUDEH chief executive officer ESSDAR CAPITAL uae PATRICK WALSHE vice president/managing director-middle east HDR INC uae Dr. Rıza Kadılar Saleh Alsubeaei Joseph Bonner Mahmoud El Burai Hakan Ferhatoğlu Tobias Levey Dr. Bader Saedan Mohamad Sotoudeh Patrick Walshe

14 WEDNESDAY ÇARŞAMBA FINANCING bleak future or new opportunities? KANUNİ MUSTAFA TİFTİKÇİOĞLU senior vice president - project & acquisition finance GARANTİ BANK turkey BERTI BRUDO ceo GAIA REAL ESTATE INVESTMENTS turkey YULIA STEPANOVA senior banker EBRD turkey Mustafa Tiftikçioğlu Berti Brudo MIXED-USE REAL ESTATE how to make it successful? KARMA KULLANIMLI GAYRİMENKUL PROJELERI Başarının sırrı nedir? DOLMABAHÇE 3 AYBARS KIZILSENCER sales & marketing director EROĞLU YAPI CONSTRUCTION & REAL ESTATE DEVELOPMENT turkey MUSTAFA ABADAN design partner SKIDMORE, OWINGS & MERRILL LLP usa DR. WADAD AL SUWAYEH chief executive officer OQYANA kuwait ALAN FELTOON vice president & managing principal LEO A DALY usa DR. FRITHJOF FUCHS managing partner ERIAPARTNERS REAL ESTATE turkey BUKET HAYRETÇİ first vice president turkey AAREAL BANK AG, ISTANBUL REPRESENTATIVE OFFICE turkey İNANÇ KABADAYI president EGE YAPI GROUP turkey GÖKHAN ÖZBER president of the board PROPLAN PROJECT MANAGEMENT & CONSULTANCY turkey KUBİLAY ÖZBİSİKLETÇİ investment manager, turkey / greece / romania UNION INVESTMENT REAL ESTATE germany TONY PHILLIPSON founder and principal FYP PROJECT DEVELOPMENT MARKETING SALES turkey Aybars Kızılsencer Mustafa Abadan Alan Feltoon Dr. Frithjof Fuchs Buket Hayretçi İnanç Kabadayı Gökhan Özber Kubilay Özbisikletçi Tony Phillipson with Turkish Translation

15 DISCUSSIONS SHOPPING MALL MANAGEMENT can we still do it on an Excel sheet? DOLMABAHÇE 2 NİHAT SANDIKÇIOĞLU secretary general TURKISH COUNCIL OF SHOPPING CENTERS turkey ZAFER BAYSAL member of the board RÖNESANS REAL ESTATE INVESTMENT turkey TONY DE GRAAF director of mall management REDEVCO TURKEY turkey NURİ ŞAPKACI deputy general manager ECE TÜRKİYE PROJE YÖNETİMİ turkey Nihat Sandıkçıoğlu Tony De Graaf Zafer Baysal Nuri Şapkacı FOREIGN INVESTMENT where to put the money and will you get it back? DOLMABAHÇE 1 MUSTAFA ÖZDEMİR managing director FAF INTERNATIONAL TURKEY turkey ZEYNEP FETVACI head of business development PEAKSIDE CAPITAL uk GÖKSAN GÜREL partner SALANS turkey DOĞAN ÖKSÜM ceo GENEL YAPI turkey ULF PETTERSSON director of development and construction AMSTAR GLOBAL usa PETER VERMEER vice president development benelux & eastern europe IHG - INTERCONTINENTAL HOTELS GROUP uk Mustafa Özdemir Zeynep Fetvacı Göksan Gürel Doğan Öksüm Ulf Pettersson Peter Vermeer

16 REAL ESTATE INVESTORS & DEVELOPERS IN MIDDLE EAST & NORTH AFRICA MENA GRI2012 DOHA SEPTEMBER

17 GENERAL SPONSOR HALK REAL ESTATE INVESTMENT TRUST INC. Hasan Cebeci Kazım Şimşek Halk Real Estate Investment Trust (REIT) Inc. was established at the end of 2010 by Halk Bank, one of the oldest and largest state banks in Turkey, with a total net asset value of 532 million Turkish Liras. Its diverse portfolio constitutes office space (39%), land (55%) and cash (6%). Its real assets generate sustainable rent revenues, while various land plots on its portfolio located in the fastest growing development zones in Istanbul and nationwide provide a significant growth potential. A landmark project of Halk REIT is the development of a high end business hotel on Buyukdere Street in Levent, the most prestigious business district of Istanbul. In the heart of this premier business district of Istanbul at the intersection of TEM and both bridges connecting European and Asian sides of the city with easy access to Beşiktaş, Gayrettepe and Maslak business districts, construction of this business hotel is expected to commence in early 2012 with the expected completion date of January B. Kağan Ceylan Şeref Akgül Hasan Cebeci Chairman of the Board Kazım Şimşek General Manager [email protected] B. Kağan Ceylan Assistant General Manager [email protected] Şeref Akgül Internal Audit and Risk Management Director [email protected] Another high profile project of Halk REIT is the development of a high end residential complex in Osmaniye-Zeytinburnu district of Istanbul, an area that is fast transforming into a premier residential district. The development process has started with the tender that is held in January 2012 to select a development partner that will bring the project into life in 24 months. Among others, Halk REIT s participation in the Istanbul Finance Center in Atasehir, which will bring the leading financial institutions of the country together, while making Istanbul a global financial hub, as a major project stakeholder will be a cornerstone in our long term growth strategy in the fast growing real estate industry of Turkey. Halk REIT plans to develop Class A commercial office space in this high profile project with a total development area of some 150,000 square meters as part of Istanbul Finance Center. In addition to the above high profile projects in Istanbul, Halk REIT continues to plan various other projects in other cities beyond Istanbul and continues to expand its land bank for this purpose in line with its growth strategy. Since its foundation in October 2010, Halk REIT has established a management structure with a strong emphasis on business ethics and transparency in line with its mission to become a trusted institution focusing on protecting its shareholder interests, its very foundation vision. It continues to develop projects that will add sustainable value for its shareholders as a young and dynamic REIT.

18 CREATORS MERT YILDIZ economist - emerging europe and middle east RENAISSANCE CAPITAL GLENN AARONSON chairman FORUM TURKEY FUND INVESTMENT BANKING Renaissance Capital is a leading investment bank focused on emerging and frontier markets DEVELOPER/ INVESTOR Shopping Center Fund Renaissance Capital is a leading investment bank focused on Central and Eastern Europe, Africa, Central Asia and other high-opportunity emerging markets. The Firm also offers its clients access to these markets through the financial centres of London, Hong Kong and New York. Mert Yildiz joined Renaissance Capital in 2011 as Economist for Emerging Europe and Middle East. Prior to joining Renaissance Capital, Mert worked as an economist at Kuwait China Investment Company covering Middle East and Asia and at ING Bank covering Turkey. Before that, he worked as an analyst at the Economic Policy Research Insititute in Ankara, Turkey. FORUMTURKEYFUND Glenn is the Chairman of Forum Turkey Fund. He acted as the CEO of Multi Corporation between 2007 and Before that he was MD of Morgan Stanley Real Estate,where he headed European asset management and was directly responsible for Morgan Stanley s investment in Multi Corporation.From he completed the restructuring of Credit Suisse First Boston RE operations in Europe,overseeing the disposition of $2.0 bn portfolio of earlier investments.he started his professional RE career in 1978 acquiring and operating multifamily residential throughout the southeast U.S. He also spent a number of years working for the U.S. government in their effort to address RE coming out of the domestic savings and loan crisis in the early 1990 s. MUSTAFA K. ABADAN design partner SKIDMORE, OWINGS & MERRILL LLP CENK ARSON chief executive officer RÖNESANS REAL ESTATE INVESTMENT ARCHITECTURE, ENGINEERING SOM is world renowned for its Mixed Use projects such as Time Warner Center in NY REAL ESTATE INVESTMENT Was founded in Ankara in 2006, its subsidiaries and JVs are to develop land,residances,office buildings,shopping malls and hotels. SOM is one of the leading architecture firms in the world with an international reputation for excellence, and has received more than 1,400 awards. Mustafa Abadan joined SOM in 1983 and quickly established himself as a design force, becoming the youngest partner in As one of three design partners in the New York office charged with setting the design direction of the firm, Mr. Abadan has designed a diverse group of complex, large-scale buildings that exemplify his unique sensitivity to urban conditions, an inclusiveness of cultural context, and a multifaceted definition of modern architecture. Arson (43), who was previously Head of Structured Finance at AKBANK ( ), has taken over the management of the representative office of Eurohypo. He is tasked with establishing Eurohypo in the Turkish market and quickly developing a sizeable portfolio as a Country Manager ( ). Now, Mr.Arson has been working at RONESANS Real Estate Investment A.S. as CEO since July Cenk Arson holds an MBA (Warwick) and CFA certificate and is fluent in English. ANDREA ATTISANI senior portfolio manager APG ASSET MANAGEMENT MUSA AYKAÇ general manager NUROL GYO GLOBAL INVESTOR APG AM manages about EUR 280 bln of assets on behalf of Dutch pension Funds. 9% of the AUM is invested in Global Real Estate Markets INVESTOR- DEVELOPER Nurol Real Estate Investment Trust, a major player in RE investment & development in commercial & residential markets. Mr. Attisani is based in Amsterdam and works since 2005 as senior portfolio Manager on European Real Estate Investments by APG Asset Management. It currently manages a portfolio of investments of about Eur 1.0 bln. In its career within APG AM, he has closed new investments for a total amount of Eur 700 mln. Current responsibilities include the broadening of equity allocation into new European markets. Previously he worked as Fund strategist at Aareal Asset Management (now Schroder) and before that experience he worked as equity analyst in London and Milan with different brokerage firms. Musa Aykaç manages real estate development projects over 15 years. Nurol Group has demonstrated high performance in Luxurious Housing, Mass Housing & Social Centre Projects, Hotel & Resort Projects, Office Buildings & Shopping Malls. Nurol Real Estate Investment Co. manages a rich portfolio of real estate and related capital market instruments and invests in profitable real estate projects. Nurol REIT s ever-expanding and well-diversified portfolio consists of the following income-producing real estate properties: Nurol Tower- Istanbul Nurol Residence - Ankara Nurol Plaza - Istanbul Oasis Shopping Mall, Cultural and Entertainment Center - Mugla/ Bodrum

19 TURKEY GRI 2012 ŞENAY AZAK-MATT general manager turkey AAREAL BANK AG, ISTANBUL REPRESENTATIVE OFFICE BARLAS BALCIOĞLU partner BALCIOĞLU SELÇUK AKMAN AVUKATLIK BÜROSU PROPERTY FINANCE international property finance expertise. across three continents. europe, north america, asia/pacific. tailormade financing solutions real estate, shopping centers, hotels, bank finance, M&A, restructuring, Turkey, development, construction Senay Azak-Matt is the General Manager of Aareal Bank AG/Istanbul Representative Office, Turkey, graduate from Business Administration of the University of Applied Science in Konstanz/Germany and Coventry University/England. During her years at Aareal Bank, she worked for and later managed the Turkish Credit Department and the Turkish Market. Aareal Bank is one of the leading international property banks with a world-wide network of offices in 19 countries serving more than 25 countries across three continents. In Turkey, Aareal Bank was the first European bank expanding into the commercial real estate market in 1999 and enjoys an excelent market position in Turkish property lending business. Barlas Balcioglu has been a real estate and corporate finance lawyer for about 10 years. His work has included representing banks in drafting and negotiating loan agreements; and representing owners, developers, and investors in connection with the development and sale of commercial real estate. He also specializes in M&As, joint ventures, and restructuring. He negotiated and drafted shareholders, share purchase, consortium, distribution, and asset transfer agreements. ZAFER BAYSAL member of the board RÖNESANS REAL ESTATE INVESTMENT HALUK BİLGİÇ partner GIDE LOYRETTE NOUEL INVESTOR, DEVELOPER 2.876,000 m2 (existing and under development) - Shopping centers, offices, residential - Turkey, Russia, Libya, Saudi Arabia, Qatar, Turkmenistan, İran LAW FIRM Gide Loyrette Nouel is a leading international law firm in Turkey giving advice on mainly M&A s,banking and finance,intellectual property&real estate. Born in Ankara in Graduated from TED Ankara College in Completed his B.Sc. and M.Sc. in METU Civil Engineering Department, also holds and MBA from Bilkent University. Started his banking career in Interbank in 1990 and joined Bayındırbank as EVP - Financial Institutions in Joined Renaissance Development in All the real estate investments and developments of Renaissance Group in Turkey are under the balance sheet of Renaissance Real Estate Investment(Rönesans Gayrimenkul Yatırım-RGY) which over exceeds USD 1 billion. Haluk is a graduate of and holds a Master s Degree from the Law School of Istanbul. Prior to joining Gide, Haluk has worked at one of the leading domestic law firms in Turkey. He is leading the Banking and Finance practice of Gide Istanbul. Please refer to the attached CV for further information. JOSEPH BONNER chief investment officer MUBADALA PRAMERICA REAL ESTATE INVESTORS BERTİ BRUDO ceo GAIA REAL ESTATE INVESTMENTS INSTITUTIONAL INVESTOR MPREI offers real estate investment management products to institutional investors across the globe REAL ESTATE International Real Estate Investors Joe is the Chief Investment Officer of MPREI, the Abu Dhabi based joint venture between Mubadala, the strategic investment arm of the Abu Dhabi government and Pramerica, the real estate investment management business of Prudential Financial. Joe has over 20 years of experience in structuring acquisitions and real estate joint ventures and has invested over $10 billion on behalf of the firm s clients. Joe sits on MPREI s Allocation and Investment Committees. He is a member of ULI and the Advisory Board of NYU s Real Estate Institute. Joe is a graduate of Harvard Business School, MIT and the Cooper Union. Berti Brudo is the CEO of GAIA Real Estate Investments.

20 CREATORS NEŞECAN ÇEKİCİ managing partner EPOS PROPERTY CONSULTING & VALUATION DR. B. KAĞAN CEYLAN assistant general manager HALK REAL ESTATE INVESTMENT TRUST, INC. CONSULTANT COMPANY Epos Property Consulting and Valuation Inc. offers valuation, development and value management services across Turkey and worldwide. REIT REIT / office, hotel and residential property development in Istanbul / green field projects development ÇEKİCİ acts as a solution partner to various companies in Turkey and abroad in the fields of Valuation, Property Development and Investment. She plays active role in the occupational NGO s and additionally she is a lecturer at the Real Estate Departments of several universities. She is currently the Chairman of LideBİR (The Association of Licenced Appraisal Companies) and a board member of GYODER(The Association of Real Estate Investment Companies). In January 2009, ÇEKİCİ was deemed worhty of Real Estate Consultant of the Year one of the Traditional Service Awards of Ekonometri, monthly magazine about Business World and Economics. Dr. B. Kağan Ceylan, PMP, MRICS, LEED AP+, BREEAM Int. Assessor Kağan joined Halk REIT in 2011 and is in charge of project development, project governance and construction control in this young and dynamic REIT. Prior to joining Halk REIT, Kağan worked as the Head of Project Management Group in Ernst & Young s Moscow office in charge of Russia and CIS. His previous professional experience also includes various positions in international contractor and development firms. Kağan obtained his M.Sc. and Doctor of Engineering degrees from Texas A&M University in the U.S. in Civil Engineering. He obtained his B.Sc. degree also in Civil Engineering from Middle East Technical University in Turkey. ERTAN DAL general manager TAURUS EURASIA GAYRİMENKUL PROJE GELİŞTİRME TONY DE GRAAF director of mall management REDEVCO TURKEY PROJECT DEVELOPMENT REAL ESTATE PROJECT DEVELOPMENT INVESTOR / DEVELOPER Retail: All Turkey, street shop to super regional SC & Offices: Major cities CBD, any size & Logistics centres. Ertan Dal is the managing partner of Taurus Eurasia A.S., the latest Taurus family member. Taurus Eurasia, started its activities in September Before joining Taurus, Ertan established the first PPP Waste Management and Waste-to-Energy project in Ankara. Some of Ertan s notable projects are the Euro Migration of Swiss Life Insurance Company, Management Accounting system for the UBS Group companies and the conception and implementation of the Swiss Life Asset Management system. Ertan started his first business at age 26 in Information Technology Consulting, Integration and Development Services for Financial Institutions. Ertan is a graduate of the Business School of Zurich and has a MBA from International Business School, Zurich. Tony de Graaf is Director of Mall Management at Redevco Turkey and is responsible for the day to day management of the mall portfolio within Turkey. Tony has over the 25 years of being involved the shopping centre industry. Tony has worked across the globe in countries like Australia, Germany, UK, Russia, Italy on numerous high profile projects by either providing set up advice or launching the schemes or in fact managing them on a daily basis. Having such a very broad base experience has allowed Tony to become a specialist in the mall management business. Redevco is an independent international real estate company, managing and developing one of the largest retail portfolios in Europe, currently valued at 7.5 billion. ELİF EGELİ-NİŞANCI senior vice president business development - turkey JONES LANG LASALLE HOTELS ÖMER EGESEL general manager TEKFEN REAL ESTATE DEVELOPMENT HOTEL CONSULTANT Hotel Real Estate consultants providing Valuation & Advisory Services, Investment, Asset Management, Financing,Operator Selection & Contract Negotation DEVELOPER Office, residential, retail Projects in İstanbul, İzmir ongoing. Residential project under development in Konya. Elif manages JLLH s services in Turkey: advisory,financing,operator search,management contract negotiation,asset management,trans action,valuation and research. She is based in London but spends a significant amount of time in Turkey. Prior to joining JLLH,Elif was in charge of development and opening of the Swissôtel,Moscow. She led the coordination between owner,developer,designers,contracto rs,vendors,and management during construction,pre-opening and post-launch asset management and was the lead decision maker and most senior representative of the owner. Additionally,Elif s past experience includes operations,consulting and valuations in the USA. She has a BA from Princeton University and Master s Degree(MMH) from Cornell University. Mr. Egesel started his career in STFA taking roles in international projects and continued with oil-gas and retail business. Throughout his career, he acted as Network Manager, Business Development Manager and General Manager of various international companies including Elf and DiaSa. He had been performing as General Manager of DiaSa since 2002 before he joined Tekfen Real Estate Development Company. He joined Real Estate Development Group as General Manager since 2008 and has worked as the General Manager of Tekfen Real Estate Development and Trade Co. Inc.

21 TURKEY GRI 2012 MURAT ERGİN managing director KUZEYBATI MEHMET ERKTİN chairman OMURGA REAL ESTATE INVESTMENTS CO. PROPERTY CONSULTANT Agency, Consultancy, Investment, Property Management Services for Office, Retail, Industrial and Residential Properties DEVELOPER/ INVESTOR Real estate developer concentrating on commercial and residential segments, currently active in Turkey. Murat Ergin is the founder and managing director of Turkey s leading real estate services provider, Kuzeybati. Mr. Ergin started his real estate career in 1994 at Kuzeybati, where he established the brokerage, advisory, investment and finally Property Management teams. Kuzeybati provides services to a group of clientele from among international investors, developers and end users. Murat Ergin is a member of ULI, GYODER, Corenet and ICSC. Mr. Ergin is fluent in English and Turkish. Mehmet Erktin has a BSc in Civil Engineering from Boğaziçi University and an MSc from Case Western Reserve University. After 23 years of service in the Tekfen Group he founded Omurga Real Estate with his four partners. Omurga Real Estate is a development company dedicated to create sustainable landmark projects in the growing metropoles of Turkey. DR. ÇAĞRI EROLSUN project management and development director DEDEMAN REAL ESTATE DEVELOPMENT COMPANY MEHMET EVEN assistant general manager ZORLU GAYRİMENKUL GELİŞTİRME VE YATIRIM A.Ş Office, Hotel, Entertainment Center, Residential, Retail investor and asset management DEVELOPER Investment company developing business hotel chain in Turkey first stage 20 hotels. Graduated from the Faculty of Civil Engineering at Istanbul Technical University, went on to complete an MBA, and was later awarded a PhD in Accounting & Finance. Mr.Erolsun has started his carrier in Yapı Kredi Bank, one Turkey s biggest project finance institutions. As an Executive in Loans Department, assessing and financing private sector deals, he finalized several commercial and industrial projects in that period. He was then transferred to Nova Group as the Project Manager and was in charge of many hotel, hospital, retail chain, shopping mall, commercial and mix construction projects. Since 2007, Mr.Erolsun is working as the Project Management and Development Director of the Dedeman Real Estate Co. Mr. Even has been the exterior & interior designer for leading design and construction firms in Europe. He has developed Computer Automation technologies in Design, Business and Project Management and given consultancy services in Marketing and Business Development. He has been Construction Manager for shopping center, commercial projects and hotels in Austria and also Project & Quality Manager for Museums Quarter in Vienna. He has acted as Project & Business Development Manager of IKEA, Head of Developments of Sama Dubai LLC and Head of Projects & Developments of GMR International. Mr. Even is currently the Head of Developments of Zorlu Group which has Over 4 billion USD value mix use and resort projects. MEHPARE EVRENOL partner - ms. architect MİMARLAR-WORKSHOP ALAN J. FELTOON vice president & managing principal LEO A DALY ARCHITECTURE, DESIGN Specialized in Master Planning, Residential Settlements, High-rise, Multiple and Private Housing, Hotel & Office interior * Undersigned over 2.5 million m² ARCHITECTURE FIRM award-winning architecture, engineering, planning, interiors, program management firm with over 1,100 professionals in over 30 offices worldwide After graduating from Istanbul Fine Arts University with a master s degree of architecture, Mehpare Evrenol worked as an assistant at the city planning department until 1982 where she continued doctorate studies with Prof. Mehmet Çubuk. She established Workshop Mimarlar Ltd. Sti. in 1990 with Alp Evrenol. Mimarlar Workshop defines its architectural approach as connecting the elements of our cultural heritage with our present day, by modernizing them in accordance with the concerning design. Following iconic buildings of iconic concepts, the Workshop does not abstain from trying out what s new. Mr. Feltoon brings more than 32 years of national architecture, planning and interior design experience to Leo A Daly. His work has earned him several awards, as well as recognition from the American Institute of Architects, Contract Magazine, and Interiors and Sources magazine. He is also an Adjunct Professor at Pratt Institute. Leo A Daly is an international recognized, award-winning architecture, engineering, planning, interiors, and program management firm. With over 1,100 professionals in over 30 offices worldwide, the firm is constantly ranked among the top design firms in the world.

22 CREATORS HAKAN FERHATOĞLU partner & board member ATA REAL ESTATE DEVELOPMENT ZEYNEP FETVACI head of business development PEAKSIDE CAPITAL INVESTMENT BANKING-ADVISORY First Turkish Investment Banking/Advisory operation in Dubai serving its clients in GCC & Turkey through bridging between business circles in Turkey & GCC INVESTOR & MANAGER Opportunistic private equity real estate investor EMEA Mr. Ferhatoglu has the overall responsibility for Ata Group s presence in the GCC. Ata holding is a privately owned Turkish conglomorate involved in financial services, real estate development,food,agriculture, building materials and IT services. Since its inception and registration at the DIFC, Ata Invest Dubai, a subsidiary of Ata Group, has been servicing tear one clients from both Turkey and GCC, trying to bridge between the two. Mr. Ferhatoglu,is also a Board Member of DEIK(Foreign Economic Realtions Board) and the Chairman of UAE - Turkish Finance Commitee. He is also serving on the Board of Yuksel Holding, another leading Turkish company involved in contracting and energy. Peakside Capital ( Peakside ) is a real estate private equity firm which spun out of Bank of America Merrill Lynch in September Peakside provides real estate investment advisory services, deal origination and execution, asset management and fund management services across Europe, including Central and Eastern Europe and Turkey. Ms. Fetvaci is the Head of Business Development and Investor Relations at Peakside. Previous roles included Ms. Fetvaci being a the head of Investor Relations for Merrill Lynch European Real Estate Opportunity Fund I, L.P. and Bosphorus Real Estate Fund I, L.P, at Merrill Lynch and being a Vice President at Morgan Stanley in London. DR. FRITHOF FUCHS managing partner ERIAPARTNERS REAL ESTATE ELİF GERMİRLİ cfo TAHİNCİOĞLU GAYRİMENKUL DEVELOPMENT Development of office/residential/retail Frithjof co-founded Eriapartners in 2007 with a goal to develop prestigious landmark projects in key locations within large and expanding cities in Turkey. In 2011, Eriapartners successfully opened TerraCity, Antalya s largest shopping center which was sponsored by the National Bank of Kuwait and Pramerica Real Estate Investors. New projects are under development. Prior to moving to Turkey in 2001, Frithjof worked as investment banker for Rothschild and Credit Suisse. A German national, Frithjof holds a degree and PhD in law. He is a member of the Young Presidents Organisation and the Eisenhower Fellowship. Frithjof is married and has three daughters. Ms. Elif Germirli is the CFO of Tahincioğlu Holding, a group active in various industries including among others real estate development, construction, manufacturing and agriculture. Prior to joining Tahincioğlu Holding, Ms. Germirli worked for Citigroup in various positions in the UK and Turkey. The last position she held with Citigroup was as a director in the European securitisation and real estate finance group responsible for real estate finance in CEEMEA. Ms. Germirli holds a BS in chemical engineering from Bosphorus University and an MBA from Columbia University. ÖZLEM GÖKÇE general manager EXTENSA ISTANBUL HAKAN GÜMÜŞ board member - general manager EA REAL ESTATE DEVELOPMENT & CONSTRUCTION REAL ESTATE DEVELOPER Residential, Office, Retail İstanbul, Türkiye 50 mio $, m2 Extensa Bomonti Apartman, Extensa Bomonti Stüdyo INVESTOR/ DEVELOPER Office Developer, Istanbul, Kartal Kule, high-rise building, Kavacik Otagtepe villa project upcoming Özlem Gökçe is an architect and urban designer holding an MBA degree. She focused on Real Estate Development on her career during her experiences at Enternasyonel Tourism Investments and Turkon Holding in key management positions. She s the General Manager and the Board Member of Extensa İstanbul. Extensa was founded 100 yrs ago to develop a number of large residential suburbs around the city of Antwerp in Belgium. In recent years Extensa established new companies in Romania, Slovakia and Turkey. In 2007, Extensa İstanbul had made land acquisitions in Bomonti Şişli and developing two residential projects with approximately 200 apartments. Before joining EA Construction as the general manager, Hakan Gumus has been in the real estate development sector in companies such as Jones Lang Lasalle, Best Buy and Carrefour. EA Construction is established under the umbrella of EA Group which is specialized mostly in aviation industry (Eclipse 500 business jets producer). EA Construction is positioned in value added real estate projects mostly in Istanbul such as Kartal Tower (

23 TURKEY GRI 2012 GÖKSAN GÜREL partner SALANS BUKET HAYRETÇİ first vice president turkey AAREAL BANK AG, ISTANBUL REPRESENTATIVE OFFICE LAW FIRM Legal services on real estate M&A; private equity; RE finance; asset management; construction&infrastructure; hotels&leisure and retail. PROPERTY FINANCE Leading international property specialist - across three continents - europe, north america, asia/pacific - tailor-made financing solutions Göksan Gürel is a partner in the Firm. He received his LL.B from University of Dokuz Eylül, Faculty of Law in He is focused on the real estate, hospitality and leisure, media, retail and telecommunication sectors where he advises on M&A, real estate and corporate law, restructuring, privatisations and litigation. Göksan is a member of the Istanbul Bar and fluent in English. Salans is a full service law firm with local and international clientele. Our major practice areas include corporate; M&A; real estate; capital markets; banking & finance; telecommunications; arbitration; litigation; regulatory; public law and employment law. Buket Hayretci is the First Vice President of Aareal Bank AG - Istanbul Representative Office. She graduated from Bosphorus University of Istanbul, Political Science and International Relations Department. After her graduation, she joined Turkish Foreign Trade Bank/Disbank as a management trainee and worked at the International Marketing Department. She is with Aareal Bank AG since She worked for the Credit Management and Marketing Departments for Turkey at the headquarters in Wiesbaden, Germany before transferring to Istanbul Representative Office in AYLA HEYFEGİL managing partner SERVOTEL CORPORATION ANDREAS HOHLMANN general manager ECE TÜRKİYE PROJE YÖNETİMİ CONSULTANT Tourism,residential&office projects spans over 41 Countries; Europe, Africa, ME, CIS & The Americas excluding USA & Asia Pacific INVESTOR / MANAGER Shopping centers; Istanbul, Ankara, Antalya, Eskisehir&other cities in Turkey; sqm GLA,1.000 tenants; 6 existing & 2 projects Ayla Heyfegil is the vice president of the Servotel Corporation Istanbul office since With 20 years of progressive marketing, sales and operations experience in leisure, real estate and retail businesses and strength in building market presence and setting up sales organizations for new concepts and new products both in domestic and international markets, she held various management positions focusing on sales & marketing divisions in Hamoğlu Holding and Kemer Yapı ve Turizm AŞ and Kemer Golf & Country Club. Ayla Heyfegil holds B.A in political science from Bosphorus University and fluent in English. Andreas Hohlmann, General Manager ECE Türkiye Proje Yönetimi A.S., worked in several key positions in ECE Group. ECE Turkiye has been established in year 2000 in Istanbul. The company develops, plans, realises, leases and manages large - scale shopping centers in Turkey. As a long time investor ECE Türkiye operates, Metrocity, Beylikdüzü Migros Shopping Center and CarrefourSA Maltepe Park in Istanbul, ANKAmall in Ankara, Antalya Migros Shopping Center in Antalya and Espark in Eskisehir and has projects under development and/or at construction phase in Istanbul MarmaraPark and in Antalya TerraCity shopping centers as well as projects in different cities. GHADA HOWAIDY director of institutional development and international executive education institute, ieei AMERICAN UNIVERSITY IN CAIRO PHILIP W. HYNARD EDUCATION AUC School of Business, top private Business School in Egypt, gateway for Arab and Africa regions CONSTRUCTION CONSULTANTS Provider of professional technical and management support services through 45,000 staff working globally. Ghada Howaidy is director of institutional development at AUC School of Business and founding director of the International Executive Education Institute, IEEI. Before joining AUC in 2008, she was founding director of international relations at the Ministry of Communications and Information Technology in Egypt. At IEEI she launched The Real Estate Academy in She has MA and MSc degrees in Middle East Studies and public management from AUC and the London School of Economics, as well as senior executive training at Harvard Business School. In 2011 she started pursuing the Ashridge Doctorate in Organizational Change. Philip Hynard is a Director in Davis Langdon s cost management team specialising in science, health and higher education projects in the UK, Africa and Turkey. Particular interests include strategic asset management, procurement and project control systems. Previous experience includes senior management roles as a project manager, facilities manager and senior roles in property development and building contracting organisations. His market sector experience also includes, public administration, commercial office and services outsourcing. Phil s clients include Imperial College London, the University of Westminster, Bio City, Aga Khan Education Services, Royal Brompton and Harefield NHS Trust and the Nuffield Foundation.

24 CREATORS ALTUĞ İNAN cfo/board member ACCESSTURKEY CAPITAL GROUP ÖMER K. İSVAN president SERVOTEL CORPORATION INVESTMENT MANAGEMENT Developed the first and largest modern logistics park in İstanbul, with 121,000 sqm leasable area on a land of 250,000 sqm, located in Tuzla İstanbul. INVESTMENT ADVISORY Project and Property Appraisals, Feasibility, Concept & Development Advisory, Design Management, Branding Advisory, Sales & Marketing Management Altug Inan joined Access Turkey Capital Group in Prior to Access Turkey, worked for 3 years as the Managing Director of Kodak Turkey,where he had led the major restructuring projects of the multi business unit Turkish operations, joined Kodak Turkey as CFO in Before Kodak; Mr. Inan has worked for Deloitte & Touche Assurance and Business Advisory department for 10 years in Istanbul and Southampton (UK) offices,where he was a Director for the last 2 years in Istanbul office, had significant exposure in due diligence,company valuation and privatization projects during his Deloitte period. A graduate of University of Surrey in Hotel & Tourism Management, Isvan built his early career in hotel management with Sheraton Corporation, holding senior management positions in EAME &USA both at hotel, regional and at corporate levels. Having also served at Marketing board of Steigenberger, over the last 25 years Isvan advised new investments as well as operating assets in over 40 countries, spearheading Servotel Corporation into one of the leading Hotel Investment & Development Advisory firms globally, uniquely integrating economic impact, market research and strategic advisory with Asset Management and all those with concept, development, design & technical advisory. RAZA JAFAR managing director ENSHAA PSC İNANC KABADAYI president EGE YAPI GROUP DEVELOPMENT & INVESTMENT CO. Enshaa specializes in premium-quality commercial, residential and hospitality projects within the UAE & worldwide. DEVELOPER & CONTRACTOR Constructor&Developer for Residential & Commercial Projects.Projects in Turkey & abroad.total sqm construction area is done and continuing. ENSHAA is a development and investment company specializing in premium-quality commercial, residential and hospitality projects. Major shareholders include Emirates Investments Group, Majid Al Futtaim Group and Abraaj Capital. ENSHAA currently operates in the United Arab Emirates, Pakistan and Australia. The company has formed a number of successful joint venture partnerships with prestigious local and foreign companies including Moafaq Al Gaddah Group, Sunland Group and National Logistic Corporation Pakistan. ENSHAA project portfolio includes Palazzo Versace Dubai, Palazzo Versace Gold Coast, D1 residential tower, Emirates Financial Towers, and Karachi Financial Towers. İnanç Kabadayı was born in 1974 in İstanbul. He completed his high school education in Kadıköy Anatolian High School. He graduated from İstanbul Technical University in Civil Engineering department. He took part as a Site Manager, Project Manager and Project Coordinator in private sector. İnanç Kabadayı, established his own company in 2000, is still chairman of the board in EGE YAPI GROUP. EGE YAPI GROUP has still ongoing projects in total sqm; Beşiktaş Shangri-La Hotel, İz Tower, İz Park and Batışehir which is the largest mixed use Project of Europe. DR. RIZA KADILAR country representative PRAMEX INTERNATIONAL CÜNEYT KANDEMİR general coordinator NATA GROUP Financial Consultancy Nata Holding is a group of companies operating in many areas such as project development and real estate investment, construction etc. Before joining Natixis Pramex Dr. Kadilar has been managing a London based banking subsidiary of a leading Turkish group. He started his career as a corporate banker, and held various managerial positions in international banking, including the establishment of a banking subsidiary in Amsterdam. Dr. Kadilar is a PhD in Media Economics. After a BSc degree at METU in Industrial Engineering, he has obtained his MSc degree at Stanford University, and completed his MBA at HEC, Paris. He has also attended an executive management course in strategic bank management at INSEAD. He is married to Pelin, and proud father of Kardelen Nata VEGA Shopping Mall and Life Center project is among the largest one with a total closed area of 450,000 m2 in Turkey. Nata Holding brings the concept of shopping together in one single address with this project, and has been constructing 46-storey 365 houses total the tallest ones in Ankara right next to the Nata Vega as well. Antares Shopping Mall and Life Center constructed by Dolunay Co, a subsidiary of Nata Holding, opened in October During the course of time, Antares has been the popular shopping and bussiness center of Ankara. Nata DELTA is the shopping and entertainment center project in the west of Ankara,having a construction site of m2 will be put into service in 2013.

25 TURKEY GRI 2012 EVRİM KARAYEL general manager GÜRALLAR YAPI İREM ORAL KAYACIK business development director ODAK GROUP INVESTMENT & DEVELOPMENT INVESTMENT & DEVELOPMENT CONTRACTING, DEVELOPMENT Owner, developer and manager of Agora Shopping Center & Odak Office Tower, Istanbul. Evrim Karayel s professional experience includes 10 years in the construction,project management and business development of real estate markets of Turkey, Russian Federation and CIS countries. Mr. Karayel joined Gurallar Yapi in April He has been directing international and local operations of Gurallar Yapi. He graduated of DPU Engineering Faculty Civil Engineering Department. He speaks Turkish, English and Russian. Mr. Karayel is a member of GYODER and INDER in Turkey. Ms. Kayacik is the Business Development Director and Board Member of Odak Group. She holds a BA degree in Economics from Bogazici University and an MBA in Real Estate and Finance from Columbia University in New York. She has worked extensively on financing,developing, leasing and management of İzmir Agora Shopping Center and office development projects in Istanbul within Odak Group portfolio. Odak Group, was founded in the late 1970 s and is effectively active in domestic and international building contracting and real estate development, in addition to the field of international solid fuel trade, industrial and heating purpose coal distrubition, industrial bag production,cosmetics production and managing shopping and entertainment centers. GÜVENÇ KETENCİ managing partner KETENCI & KETENCI LAW FIRM ANTHONY KHOI president CENOR GROUP LEGAL PRACTICE Ketenci & Ketenci law firm is a full service Turkish law firm which offers an international approach. COMMERCIAL RE European RE group with high expertise in investment, devel opment, leasing, property management & design management of shopping centers & commercial properties Güvenç KETENCİ is the Managing Partner of KETENCİ & KETENCİ. He is the head of corporate, real estate and litigation departments within the firm. Formerly, he worked as a visiting lawyer in the UK. He holds an LLM degree from London Metropolitan. He is also currently acting as the Chairman of European Lawyers, an organisation which gathers lawyers globally. KETENCİ & KETENCİ s Real Estate practice comprise a spectrum of real estate transactions, including financings, acquisitions, sales and exchanges, development, construction, joint ventures, real estate investment funds, loan syndications, land use, government-assisted projects as well as representing clients in litigation related matters. Anthony Khoi is a graduate of Harvard Business School and EM Lyon, the leading European Business School. He is also a French state licensed architect.since 1995 he has been the President and CEO of Cenor Group. RETFUND and CEFIC are CENOR s leading companies in shopping center Development, Leasing, and Property Management active in Turkey. Since 2003, Anthony Khoi has been the Managing partner, Board member of Aerium Ventures and also the President of AERIUM Turkey. AYBARS KIZILSENCER sales & marketing director EROĞLU YAPI CONSTRUCTION & REAL ESTATE DEVELOPMENT HAKAN KODAL president & ceo KREA REAL ESTATE PROPERTY GROUP Mixed-Use, Retail, Office & Residential Projects, Project Development & Construction, Marketing & Sales INVESTOR Real estate developer and investment advisor Residential and retail developments Investment of US$ 1 billion Graduated from Yildiz Technical University as a Civil Engineer in 1996, he received his MBA from University of Baltimore in He continued his career in USA as marketing manager. In 2002, he moved back to Turkey and became the Assistant GM of Soyak Yapi Inc. responsible for Marketing, Sales and Corporate Communication for 5 years. After that he worked for Zorlu Property Development and Investment Inc. between as an Assistant GM responsible for Project Development and Marketing. Since June 2010, he is working as a Sales & Marketing Director at Eroglu Yapi Construction & Real Estate Development Inc. Hakan Kodal, since July 2006, is the President & CEO of Krea Real Estate based in Istanbul, Turkey. Krea Real Estate specialises in residential development and investment management businesses, acting also as co-manager of Bosphorus Real Estate Fund set in partnership with Merrill Lynch GPI. Mr. Kodal is also the founder Chairman of leading real estate organisations in Turkey : Council of Shopping Centers - Turkey (AYD), the National Association of Turkish Real Estate Investment Companies (GYODER), Urban Land Institute (ULI) Turkey and Istanbul Shopping Fest organisation.

26 CREATORS TAVİT KÖLETAVİTOGLU founder & president ATLAS PROJECT & LAND DEVELOPMENT MERT KURT deputy general manager / business development IMS PROJECT MANAGEMENT planning & design, land development, project & construction management,consultancy, analysis, residential, mixed-use, hotel & leisure office, shopping mall PROJECT MANAGEMENT IMS is the leading project management consultancy company in the commercial real estate sector. After his graduation from Urban and Regional Planning Dept. of METU, Mr. Köletavitoglu commenced his professional life in public sector. Shifting to the private sector at managerial level he was involved in the management of major development projects (Four Seasons Sultanahmet, Robinson Select Club Maris, Port Göcek), In 1997, he founded Atlas, that is active in land development and project management. In 2001, he was awarded the Top Manager role in the Management Category in Year s Gold Man Contest by the readers of Para Magazine. Mert Kurt is Deputy General Manager of IMS Project Management Co., running business development activities of the company in Turkey. He has in-depth experience in project management, contract administration and dispute resolution. He has worked on commercial buildings, office buildings and shopping centers in Turkey and Middle East. Prior to joining IMS, he established the Project Management Office of Nurol to manage the airport and pipeline projects. Mr. Kurt received his MBA from Koc University and his MS and BS degree in Civil Engineering from Bogazici University. MARKUS LEHTO managing partner URBANISTA INTERNATIONAL TOBIAS LEVEY chief executive officer BIO CITY DEVELOPMENT COMPANY DEVELOPER, CONSULTANCY Urban Regeneration - Mixed Use - Differentiated Retail - Innovative Concept Development - Envisioning - Turkey, growing Europe, Middle East TECH-PARK DEVELOPER Bio Istanbul, located in Sazlıdere on 190 hectares, is Turkey s first biomedical - research park & green community. Markus Lehto is Managing Partner of Urbanista International Ltd., a London based property development and consultancy company active throughout Europe and the Middle East. Urbanista s development pipeline is focused primarily on urban regeneration projects in Istanbul, Budapest, and other key emerging cities in Europe; with a development consultancy portfolio comprising a number of large-scale market shifting projects from Prague to Saudi Arabia. Despite its widespread activity, Urbanista is highly focused on realizing unique development opportunities in Turkey and infusing its deep local and international knowledge and experience into its Turkish pipeline to create truly extraordinary projects. Mr. Levey is CEO of Bio City Development Company, developer of purpose-designed, ecologically-efficient cities centered around children s hospitals and biomedical innovation hubs. BCDco has completed $1.4 billion of hospital and research facilities, including the UK s highest rated hospital for clinical innovation. Bio Istanbul, BCDco s flagship project in the region, is a joint venture with TOKi and EPP and aims to transform the knowledge-based economy in Turkey while implementing the highest standards of green design. Mr. Levey completed degrees at Duke University and the Sorbonne in Comparative Languages and Chinese Studies and was a Fulbright Scholar at the University of Delhi. JASON LUCAS president AMSTAR GLOBAL ORHAN YAVUZ MAVİOĞLU managing partner ADMD LAW OFFICE INVESTMENT MANAGER 47 projects in Russia, Turkey, India, and the Americas, ca. $700 million of equity and total assets under management of $1.65 billion LAW OFFICE ADMD - ALKAN DENIZ MAVIOGLU is a boutique full service law office with extensive expertise in Hotel business. Jason Lucas is Senior Vice President at Amstar and is responsible for management of the Company s Russian and Turkish investments, consisting of four active retail and industrial warehouse developments and numerous land holdings. Before joining Amstar in 2007, Mr. Lucas was with Broadreach Capital in Los Angeles and at Morgan Stanley in New York City and San Francisco working on acquisitions for the Morgan Stanley Real Estate Funds. Admitted to Istanbul Bar (2000), Passed New York Bar Exam (2003). Educated in: Columbia University Law School, U.S. Law (LL.M. 2004), Istanbul University Law School, Financial Law and Taxation (LL.M. 2003), Marmara University European Union Institute, European Union Law (LL.M. 2003), Marmara University, Law School (LL.B. 1999). Patent and Trademark representative (TPE, EPO 2001). Worked previously for: Altheimer & Gray ( ), Istanbul; Arthur Andersen, Istanbul ( ); Ernst & Young, Istanbul ( ). Speaks English and Turkish. Practices: corporate transactions, project finance, tax and arbitration. [email protected]

27 TURKEY GRI 2012 DR. WULF MEINEL managing director - real estate CARLYLE GROUP NEŞE MERDİNLER business development manager KOMŞUFIRIN PRIVATE EQUITY assets under management: US$81bn - 7 dedicated funds in Europe, Asia, US - European real estate investment over US$8bn - opportunistic investments RETAIL, CHAIN BAKERY Manufacturer and retail chain: From the grain to the table specialized in bread and bakery products. Dr. Wulf Meinel is a Managing Director of Carlyle Europe Real Estate since He is responsible for the acquisition and management of properties in Germany, Austria, Switzerland and large parts of Central Europe. The current European real estate portfolio of Carlyle exceeds 6 billion. Dr. Meinel studied law in Bonn and Freiburg. He earned a Ph.D. in European law and an M.A. in social science from the University of Freiburg, Germany. As a lawyer he is admitted to the bar in Frankfurt/Main. Dr. Meinel has over 15 years of real estate professional experience as investment manager, banker and lawyer. Nese Merdinler (BS, Mathematics Engineering) entered the Real Estate business in 1998 with Yapı Kredi Koray REIT where she coordinated the marketing activities including the Award Winning Process of MIPIM 2002 of Istanbul Istanbul Project. Her career was followed by PY Consulting and Dogus GE REIT where she overcame over various project development responsibilities spanning from origination phase to development stage. Having 12 years of solid practical experience in market analysis, investment analysis and risk management in shopping centers and retail, she currently manages the Real Estate and Expansion Strategy of Komsufirin: the fastest growing chain bakery in Turkey with 50 stores. MURAT MERTOĞLU deputy chairman TULIP REAL ESTATE SAHAR NASR lead financial economist THE WORLD BANK REAL ESTATE DEVELOPER Residential and Mix-use Developments DEVELOPMENT An international financial institution headquartered in Washington, D.C. It is a source of financial and technical assistance to developing countries. -Partner and Deputy Chairman - Tulip Real Estate -Partner, Director and CEO - CGR Construction -Partner and Managing Director - Franklin Andrews Eurasia Ltd. -Managing Director of CIS Projects - Tekser Construction Inc. - ITU, MSc 1985 Industrial Engineering Graduate. TULIP is a foreign-capital property development company which is founded in June In order to realize this purpose, TULIP targets at realizing 4 Million square meters of real estate development in this period of time With total 200 years of combined experience in development & construction, TULIP s partners have established permanent collaborations with powerful financial organizations and investors Dr. Sahar Nasr is the Lead Financial Economist in the World Bank s Finance and Private Sector Development Department of the Middle East and North Africa (MENA). She is a regional leader for the World Bank on issues of financial sector development, and non-bank financial institutions, as well as, the Program Manager of the MENA Micro, Small and Medium Enterprises Finance Facility, focussing on financial inclusion. Dr. Nasr has worked in technical and managerial positions in bank restructuring, mortgage finance, affordable lowincome housing, access to finance, small and medium enterprises (SMEs), and microfinance, as well as issues of corporate governance and transparency. DOĞAN ÖKSÜM ceo GENEL YAPI AYNUR ÖNDER executive board member ÖNDERLER İNŞAAT RESIDENTIAL DEVELOPER high-end residential, urban residential, second home, sub-urban villas, building renovation, regeneration, senior home, commercial, Turkey CONSTRUCTION Construction company investing in real estate development in Bodrum, Turkey. Leading construction materials provider of Bodrum peninsula. Dogan Oksum (40) is a graduate of Robert College and Bosphorus University. He is a Civil Engineer and has been in land development and construction business since He served on board of Robert College Alumni for 10 years and was the president in 2003 and He has established connections with the local governments, real estate associations, real estate brokers, architects, developers and other real estate service providers. The key strengths of Genel Yapi A.S. team are its depth of experience with 16 years of specific experience in real estate development and its strong business development ability. Onderler Insaat was founded at For the last 30 years it has been the leading construction materials provider of Bodrum peninsula. In 2005 Onderler Insaat entered into home improvement retailing business by opening Onderler Yapi Market. Since 2006 the company also generates Real Estate projects highly commended for their environmental friendly aspects. The latest project of Onderler Insaat Retron Houses has been awarded at the international property awards 2011.

28 CREATORS CEM ÖREKLİ financial advisor ALOHA GROUP GÖKHAN ÖZBER president of the board PROPLAN PROJECT MANAGEMENT & CONSULTANCY Leading Ankara based group of companies active in construction, tourism, investment and management since 1983 PROJECT MANAGEMENT Project & Construction Management, Consultancy, Services Provider, In Turkey & International Platform Cem has more than 10 years experience in project finance both in advisory and arranging roles. He has focused on EMEA region with extensive deal experience in the GCC,Africa, Central Asia/ Caspian region and Turkey.Previously,Cem was a Director with ING in London,VP with Societe Generale in London/Paris and Consultant for the World Bank in Washington D.C.He holds an MA in International Affairs from SAIS-Johns Hopkins University and BSc in International Relations from the Middle East Technical University. Aloha Group is currently developing Villa,Hospital and Clinic Hotel project in Ankara adjacent to Aloha Evleri.Please refer to websites of Aloha Group(www. aloha.com.tr) and Aloha Residence ( for further information. Taking the advantage of 40 years of Professional experience and accumulation of knowledge, ProPlan was established in 2005 with the aim to prepare perfect future plans and to ideally implement these plans in real life. ProPlan realized several local and international projects with the energetic teams established uniquely for projects, with the professional business partners, with detailed work processes and reporting tools, with complete supervision systems and especially with proper planning. The aim of our project management services is to complete the projects in requested durations, with desired quality and within estimated budgets. KUBİLAY ÖZBİSİKLETÇİ investment manager, turkey / greece / romania UNION INVESTMENT REAL ESTATE MUSTAFA ÖZDEMİR managing director FAF INTERNATIONAL TURKEY INVESTOR Union Investment has secured a position as one of the top four players in the German investment market. TITLE INSURANCE FAF International provides title insurance and property services for Real Estate and Mortgage Industries University of Lüneburg Sparkasse Lüneburg (Bank of the City of Lüneburg) Wüstenrot & Württembergische (Real Estate Funds) Akbank Germany Private Banking today Union Investment Real Estate GmbH (Investment Mananger) Union Investment has secured a position as one of the top four players in the German investment market. Assets under management have been growing rapidly and totalled over EUR 150,6 bn as of June First American Financial Corporation (NYSE: FAF) is a leading provider of title insurance and settlement services to the real estate and mortgage industries, that traces its heritage back to With revenues of approximately $4.0 billion in 2009, the company offers its products and services directly and through its agents and partners in all 50 states in USA and in more than 60 countries. Mustafa Ozdemir has been the Managing Director of the Turkish operations of the company since He was a real estate investor and investment banker before joining FAF International. SELÇUK ÖZDİL executive sales manager ARCELORMITTAL KORAY ÖZGÜL ceo CORIO TÜRKIYE STEEL PRODUCER World s #1 steel producer. Leader in structural high quality steels. RETAIL PROPERTY Property Type: 96% Shopping Centers Where: Netherlands, France, Italy, Spain, Germany, Turkey Amount scope/size range: Portfolio: 7.5 billion Born 1954, working for the steel industry for over 25 years. Pioneered modern steel structures promotion in Turkey, formed the first stocks for structurals steel. Has extensive knowledge about the structural steel markets in Turkey. Founding Board member of Turkish Constructional Steel Association. Speaker on many seminars and conferences on advantages of steel in construction and economy of steel structures. Enjoys photography, books, classical music, wine, gourmet cooking, biking and steel. ArcelorMittal provides technical assistance for building design for high rise,office & commercial buildings as well as design and economic feasibility optimization for higher return on investment or better net present value. Koray Özgül started his career with Total Oil in 1993 as an Estate Manager. In 1996 he joined McDonald s in Istanbul as Real Estate Representative. After having worked in Germany and Turkey for Praktiker AG, he had several free lance real estate assignments worldwide. In 2005 he joined Cushman & Wakefield in Shanghai, later he worked for Aareal Bank AG as a Loan Originator. Koray has been the CEO of Corio Turkey since Corio is one of the largest listed retail property investors and managers in Europe with a portfolio of 7.5 billion consists for 96% of shopping centres.

29 TURKEY GRI 2012 OLEG PAVLOV partner CUBE CAPITAL ULF PETTERSSON director of development and construction AMSTAR GLOBAL Hedge funds, distressed debt, asset-backed lending, real estate private equity, public equity, bonds, global, opportunistic. INVESTMENT MANAGER 47 projects in Russia, Turkey, India, and the Americas, ca. $700 million of equity and total assets under management of $1.65 billion Oleg Pavlov, CFA, is a Co-founder and Managing Partner of Cube Capital, an alternative investment management firm with a range of hedge fund and real estate related strategies. Mr Pavlov has over 15 years of experience in public and private equity, M&A, debt restructurings and advisory in emerging markets and distressed assets. Prior to co-founding Cube in 2003, he spent over 7 years with UBS in Moscow where he was responsible for the bank s Russian investment banking coverage. Oleg received his MSc. from Moscow State University. Ulf is responsible for overseeing development, construction and property management of Amstar s projects in Turkey, Russia and Ukraine.. He has more than 35 years of experience in construction and real estate development in Western, Central and Eastern Europe as well as in Africa and the Middle East. Prior to his position with Amstar, He served as Vice President and Property Director for IKEA and was responsible for the development and construction of eleven Mega shopping centers in Russia. Prior to that he was the Country Manager for Skanska in the Czech Republic. During his time in the Czech Republic, Skanska acted as a general contractor for projects from different product sectors as well as a developer for residential projects. TONY PHILLIPSON founder and principal FYP PROJECT DEVELOPMENT MARKETING SALES ALISON REHILL-ERGÜVEN head of turkey PRADERA MANAGEMENT TURKEY PROPERTY CONSULTANTS Specialists in the concept definition, marketing and sales of major new residential, retail and mixed-use projects. ASSET MANAGEMENT Asset Management Specialists * Retail Real Estate Fund Specialists * Euro 2 Billion of assets under management FYP Project Development Marketing & Sales has over 20 years experience and contacts in the real estate sector, and has built up a substantial portfolio of highly prestigious clients, partners, brands and projects in Istanbul, Turkey and the Caucasus. FYP specialises in Residential and Retail, but its Principals architectural background means that it also offers services in many other sectors, such as mixed-use, leisure, and tourism. Founding Principal Tony Phillipson trained as an architect and has over 30 years experience in the design, project management and operation of major projects from Europe to Africa, from the Caucasus to the Caribbean. Alison Rehill-Erguven: Before joining Pradera as Head of Turkey, Alison was with General Growth Properties for nine years in the US, most recently as Vice President of International where she managed the International Joint Ventures in Turkey and Brazil. Alison began her career in retail real estate at Simon Property Group in the US. Pradera AM PLC is an award winning specialist in Retail Real Estate Asset Management. Through Pradera branded funds, the company now has 2 billion of assets under management in 8 countries throughout Western and Eastern Europe. Pradera teams work from offices in London, Luxembourg, Madrid, Milan, Athens, Istanbul, Prague, Warsaw and Hong Kong. FRANK ROCCOGRANDE principal BLG CAPITAL NİHAT SANDIKÇIOĞLU secretary general TURKISH COUNCIL OF SHOPPING CENTERS INVESTOR BLG Capital is an opportunistic real estate private equity firm focused on RE investments in Turkey. SHOPPING CENTER, COUNCIL Representing more than %60 of the Shopping Center sector. Frank RoccoGrande is a Principal at BLG Capital Ltd., an opportunistic real estate private equity firm focused on RE investments in Turkey. Mr. RoccoGrande previously spent two years as a Partner at AccessTurkey Capital Group, an Istanbul based alternative investment asset management firm. Prior to moving to Turkey he was a Partner at Valeo Partners, a New York based middle-market private equity firm and previously a Director at Newtek Capital, a New York based middle-market private equity firm. Nihat Sandıkcıoğlu is born in 1955 and graduate of TED Ankara College and M.E.T.U. Faculty of Adm.Sc. Management Dept. He started his business career in PUFLA Textiles as founder partner and GM. His professional career has started as CAPITOL SC. GM in Consequently he worked as Sales Mng.in PFI Uzay Gida, GM in KOSAŞ Residential Services, GM in Migros Beylikdüzü SC, Director of Cons.& RE Dept. and Director of Gen. Admin. & Proc. Dept. in TURKCELL, Board Member and GM in Service Group and Viya Group and GM in Tepe Nautilus SC. After his occupation as Dir.of SC Mang. in Krea RE, in Feb.2009 he joined AYD as Secretary General.

30 CREATORS NURİ ŞAPKACI deputy general manager ECE TÜRKİYE PROJE YÖNETİMİ ERTAN NİHAT SEVİNÇ managing partner ATA REAL ESTATE DEVELOPMENT INVESTOR - MANAGEMENT Shopping centers * Istanbul, Ankara, Antalya, Eskisehir & other cities in Turkey * sqm GLA,1.000 tenants, 1 bn investment volume existing & 2 projects ATA Real Estate is the RE investment/ management company for ATA Group developing projects solely or jointly with EMEA focused investors in RE sector. Nuri Sapkaci, Deputy General Manager ECE Türkiye Proje Yönetimi A.S., joined the company in 2006 as Director Finance. ECE Turkiye has been established in year 2000 in Istanbul. The company develops, plans, realises, leases and manages large - scale shopping centers in Turkey. As a long time investor ECE Türkiye operates, Metrocity, Beylikdüzü Migros Shopping Center and CarrefourSA Maltepe Park in Istanbul, ANKAmall in Ankara, Antalya Migros Shopping Center in Antalya and Espark in Eskisehir and has projects under development and/or at construction phase in Istanbul Marmara Park and in Antalya TerraCity shopping centers as well as projects in different cities. Ertan is the Managing Partner of ATA Real Estate a real estate investment management firm focusing on luxury mixed-use and small scale retail developments around Turkey.Mr Sevinc is also the founding partner of a boutique corporate finance house, Apple Hill Finance,focusing on the development and financial structuring of energy,infrastructure and tourism related projects in emerging markets.prior to his current involvements Mr Sevinc was the Group CEO of Atasay Group one of the leading conglomorates in Turkey with involvement in many sectors including real estate, executive board member for Dogus Real Estate,board member for Dogus-GE Capital and founder/ceo of London based Cappadocia Investments FSA regulated asset management company. HESHAM SHOUKRI ceo & executive president ROOYA GROUP MOHAMAD SOTOUDEH chief executive officer ESSDAR CAPITAL REAL ESTATE DEVELOPERS Real Estate - Property - Residential - Resorts - Ain Sokhna - Marsa Alam - North Coast - Stone Park - Stone Towers - New Cairo FINANCIAL SERVICES A financial services company that is located in the Dubai International Financial Centre-DIFC & regulated by the Dubai Financial Services Authority-DFSA Architect Hesham Shoukri, Executive President & CEO of Rooya Group, one of Egypt s fast-growing holding companies in the field of real estate development, tourism investment, contracting and consultancy, obtained his BSc in Architecture in He started his practical career as Consultant for Kinderdorf International He founded Tiba Group for Real Estate & Tourism Investment (1997) with capital of 200 million EGP. In 2007 he founded Rooya Group with investment of more than $2 billion. He is Vice President of the real estate developers union & the Head of Real Estate Committee of the Egyptian Junior Business Association (EJB) Mohamad Sotoudeh, Chief Executive Officer of Essdar Capital Limited, has more than 20 years extensive experience in debt capital markets, extensively in credit trading & derivatives from North America to the Middle East. Mohamad held senior management roles for over 15 years in the United States in trading, structuring and risk management in US and global debt capital markets and structured products at Lehman Brothers, L.F.Rothschild, J.P.Morgan, Daiwa Securities and Nomura. Holds a Masters Degree in Management from Harvard University and a B.Sc. in Engineering and a B.A.in International Relations from Tufts University. AYMAN ISMAIL SOLIMAN chairman DMG - MOUNTAIN VIEW SERHAN SÜZER vp & group president, non-financial SUZER GROUP RE - ENGINEERING - HOSPITALITY Real Estate Project Mountain View. Vertically integrated: Concept to Design, Contracting to Sales. Property & Facility Management/Retail Food Concepts. DEVELOPER Mix use buildings and developments over m2 DMG Partner & Chairman. 20 years experience (P&G and PepsiCo). P&G Sales & Marketing Leadership positions in Egypt, MEA, Europe & N. America. GM for Global Oral Care creating $210MM business. Regained P&G Oral Care US market leadership from rival Colgate. PepsiCo as SA, ME & A Regional Vice President. Under his leadership PepsiCo achieved Egypt & NA record revenue & profit, crossing 50% market share in both Beverage & Snacks. Lead Pepsi CSR program Pepsi football School League. With AUC & Singapore University, established RE Academy in ET. Chairman of AUC Strategic Advisory Board, Juhayna Food Industries. E. Director of Ma3an Slum Development. Born in Istanbul in 1977, Hasan Serhan Süzer has completed his high school education in Istanbul Turkey, after which he participated the summer programmes of UCLA in 1993 and Harvard University in 1994 in USA. Serhan Süzer has studied Finance and Accounting at McGill University of Montreal in Canada between Since the opening of The Ritz-Carlton Istanbul, he has undertaken the asset management of the hotel and Serhan Süzer is a board member of KFC Turkiye and Pizza Hut Turkiye since 2007 and has been appointed as the General Manager of the Süzer Group since December He has been working as the GM and Board Member of the Company since then.

31 TURKEY GRI 2012 TAŞKIN TARI founder partner / board member TMD PROCONS REAL ESTATE DEVELOPMENT CONSTRUCTION INVESTMENT CÜNEYT CAN TAŞAN business development manager - turkey GLOBE INTERNATIONAL DEVELOPER, INVESTOR Residential & Office Real Estate Development Exclusive Projects in Istanbul & Bodrum Project Serenity Heights & TP Office INVESTOR Real estate private equity investor, Retail - Office - Residential - Hotel TMD PROCONS have been founded to realise distinguished real estate investment & development projects. Core values of the company which make TMD PROCONS differ from its rivals are constituted by its founders entrepreneurialism and over 35 years of construction expertise gained in leading multinational and local companies specialising on construction and management of multi-teamed projects requiring challenging technical approaches. TMD PROCONS employ a forward-looking approach to real estate development that integrates technical capabilities, financial feasibility analyses, legal concerns, public interest, and other factors that may have limited scientific-based evidence but will have a significant effect on the decision-making process. Cüneyt has studied politics in Turkey and economics in Germany. Globe is investor and investment partner of international investors, who invest in single properties, individual property items, portfolios or developments in Turkey and Europe. Either Globe invest in own investments completely alone or participate jointly in selected property investments with private or institutional investors. Globe is active in Property Development, Investment and Equity Partnerships. Globe is looking for development and income producing assets. Globe head office is in Zurich and offices in Munich and Istanbul. Over the last years, Globe Group was involved in property transactions over EUR 1,5 billion. TUĞRUL TEMEL development director, turkey HILTON WORLDWIDE MUSTAFA TİFTİKÇİOĞLU senior vice president - project & acquisition finance GARANTİ BANK HOTEL MANAGEMENT 3,598 Hilton Worldwide Hotels, with 593,784 rooms in 81 countries throughout the globe COMMERCIAL BANK Project Finance, Acquisition Finance, Structured Finance, Advisory, Investment Banking Tugrul focuses on developing the Hilton Worldwide Portfolio of brands in Turkey. Before he joined the Hilton Development Team in May 2011, Tugrul worked for a Turkish hotel investment group, and brings his in-depth knowledge of the real estate market to his current role. He has a BA in city planning, an MA in real estate development and is working towards a doctorate with Istanbul Technical University. A keen motorcycle enthusiast, Tugrul has a passion for travel and photography, specialising in portraits. He has a total experience of 18 years in the finance sector,10 years of which is in project&acquisition finance with Garanti Bank. The bank s project and acquisition finance team covers all the project,acquisition and other structured finance transactions and has a leading position in the Turkish market with a current loan book of $9 bn. Prior to that,he worked 8 years for affiliates of Eczacibasi Group,a conglomerate in Turkey,with financial planning,treasury and investment banking responsibilities. He holds a master s degree in industrial&systems engineering from Georgia Institute of Technology,Atlanta,USA with a major in economic decision analysis. His bachelor s degree is also in industrial engineering from Bogazici University,Istanbul. ERDEN TİMUR board member TİMUR GAYRİMENKUL GELİŞTİRME YAPI VE YATIRIM NEF DAVID TUFTS president / principal THE MARKETING DIRECTORS DEVELOPER & INVESTOR Nef, enterprise of Timur Gayrimenkul Yatırım A.Ş., has its headquarter located in Istanbul. RESIDENTIAL MARKETING TMD is one of the largest specialized sales&marketing companies in the US with over 30 years of experience and more than $29bn in residential RE sales Erden Timur earned his Economy Master Programme from the prestigious London School of Economics. Following his studies, Timur returned to Turkey to take up a role in Timur Real Estate Development. Brand Nef he created, is the first real estate company to attend 100% Design London 2011 with projects that include its patented invention, the foldhome, and the products of its worldrenowned design partners, Nef intends to make design a lifestyle rather than a luxury for everyone. The world s most prestigious architectural firms and designers are coming together for the sake of Nef projects, including Foster + Partners, SOM, HOK, Autoban, Harey Allen, Ltl Architects. During his early tenure at the Marketing Directors LLC(TMD),David started City Living, a resale division, and oversaw the lease-up and sales of multiple high-rise towers in New York, Boston, Washington D.C., Houston, Los Angeles and South Florida. In 1993, after relocating to Atlanta, he started The Condo Store (TCS). In 1999, after its first billion dollar sales year, TCS merged with NRT and became Coldwell Banker The Condo Store (CBTCS).As CEO for the next six years, he made CBTCS one of the largest new home sales companies in the U.S. In 2007 David rejoined forces with Adrienne Albert to form TMD, an industry leader and innovator comprised of urban multi-family sales and marketing specialists.

32 CREATORS CANSEL TURGUT YAZICI managing director - associate partner EVA REAL ESTATE APPRAISAL CONSULTANCY SHARON TURNER principal - workplace consulting SWANKE HAYDEN CONNELL ARCHITECTS EVALUATION, CONSULTANCY Real Estate Valuation, Feasibility Studies,Highest and Best Use Studies, Market Researches, Lender s Supervisory (const. investment progress reports) ARCHITECTURE & INTERIOR DESIGN An international architectural design firm specialising in masterplanning, architecture, workplace consulting and interior design. Ms.Yazıcı has 16 years experience in the Turkish real estate market, particularly investment, development, consultancy and valuation. Ms.Yazıcı is Certified Real Estate Appraiser from Capital Market Board and also has FRICS degree. EVA Real Estate Appraisal Consultancy, was founded in Istanbul in The employees and founders of our company are the representatives of an extensive knowledge and pioneers in the real estate sector. With our associate s long-years experience in the real estate sector; we provide independent, impartial, reliable, high-quality and scientific services on Real Estate sector. Company studies are carried out according to IVSC (International Valuation Standards) Ms Turner specialises in advising end user clients, global organisations and developers on effective and efficient workplace strategies and architectural design. She and her team undertake workplace research,evaluate leasehold buildings or development proposals,and design high performance workplaces. Widely travelled, her projects have taken her throughout Europe,Russia,North America,Latin America and Africa. Her experience working with end users has resulted in extensive knowledge of good workplace design and architecture within the corporate office sector. She has served as an Awards Chairman for the British Council for Offices and speaks frequently on the international debate about effective space use,workplace effectiveness and design. HAKAN TURUNÇ ceo FORUM TURKEY FUND DİLAN ÜRÜN vice president TANSEV & ASSOCIATES Commercial Real Estate Asset Manager DEVELOPER/ INVESTOR Investment expertise in real estate development and energy companies throughout the world. He was graduated in 1988 from the Faculty of Electrical & Electronics Engineering in METU. In 1990 he completed the MBA Program in Bilkent University. He has an Investment Banking carrier over 15 years during which he worked in Inter Yatırım, Finans Yatırım and Dışbank Yatırım as the CEO and board member. In the mean time, Turunc advised both Chairmen of Capital Markets Board and Istanbul Stock Exchange as well as, served as Board member in Takasbank. Turunç joined Forum Turkey Fund (FTF) in September 2011 as new CEO. Forum Turkey Fund is owned by Multi Corporation of Holland and Canadian Pension Plan. FTF is the biggest commercial real estate investor in Turkey with a total investment value over $3,0 billion. Acknowledged as a strategic real estate developer and investor. As one of the leading residential developers in California, Tansev has been building and financing high quality developments for over a decade. Architecturally acclaimed and precisely built concrete buildings are a trademark. With a pristine history and an excellent track record of performance, our team of professionals is well versed in strategic development, construction, financing, sales & marketing. Our expertise spans a broad range of investments, including real estate development & construction, energy companies throughout the world. This diverse background allows Tansev to recognize and profit from opportunities in all market cycles. FORUMTURKEYFUND PATRICK VAN DOOYEWEERT managing director REDEVCO TURKEY PETER VERMEER vice president development benelux & eastern europe IHG - INTERCONTINENTAL HOTELS GROUP INVESTOR / DEVELOPER Retail : All Turkey, street shop to super regional SC & Offices : Major cities CBD, any size & Logistics centres. HOTEL OPERATOR International hotel operator with more than 666,000 rooms in over 4,500 hotels in 100 countries. Van Dooyeweert has graduated from Delft Technical University Architecture Faculty of Building Engineering at He served as Director of Commercial Department in Multi Development Corporation from 1999 to Van Dooyeweert has become Commercial Director of Multi Turkmall Istanbul - Joint venture with Multi Development. Since 2006 he is the Managing Director of Redevco Turkey. Redevco is an independent international real estate company, managing and developing one of the largest retail portfolios in Europe, currently valued at 7.5 billion. The portfolio comprises over 700 properties in top locations throughout 16 countries. Redevco is owned by Cofra Holding AG, a Swiss-based holding company. Peter s rich hospitability experience includes numerous positions as General Manager and then head of franchise services for Germany, Benelux and Eastern Europe. In 1996 he joined IHG s development team and currently holds the position of Vice President Development Benelux and Eastern Europe, with responsibility for overseeing the company s growth efforts in Turkey. Peter holds a graduate degree in hotel management from CERIA, Brussels.

33 TURKEY GRI 2012 DAMIAN VON STAUFFENBERG managing director STAUFFENBERG CAPITAL DR. PHILIPP VON WILMOWSKY co-founder PRIME DEVELOPMENT PROJE GELİŞTİRME INVESTOR ADVISOR Stauffenberg Capital advises Asset Managers and Investors in Alternative Investments with special focus on Real Estate INVESTOR, DEVELOPER HIGH END INNER CITY SHOPPING CENTERS, 1st and 2nd tier cities, sqm GLA sqm GLA Damian von Stauffenberg has specialized in the Alternative Assets field for over 10 years with a strong focus on real estate. He created, structured, introduced investors and managed as a member of the investment committee real estate investments in his previous positions (including Sentinel s Gotham Residential Fund in 2008). Director Business Development for Europe and the Middle East at Citigroup Property Investors (London, New York);Business Development at European Investors, Inc. (EII), Auda and JP Morgan (New York); Consulting at McKinsey (Buenos Aires). Harvard Business School MBA. Fluent in German/English/Spanish. Pd combines all value creation levies for the investment, development and long term center management in one company. With its own architectural, construction management, leasing, development, center management, investment and financing departments it provides all services needed to create and manage institutional quality shopping centers. Philipp von Wilmowsky held MD positions with a leading European development and center management company as well as with a leading European open ended fund management company before he joined pd Turkey. PATRICK WALSHE vice president/managing director-middle east HDR INC MATTHEW C WARNER business development coordinator / real estate division ASTAS HOLDING DESIGN EXCELLENCE HDR is a global employee-owned firm providing architecture, engineering consulting services PROPERTY DEVELOPMENT Property development and investment. Core sectors include luxury residential projects, high class offices, retail and leisure. Patrick Walshe has more than 30 years of diversified design and management experience. He has managing projects related to design, education, science, commercial, mixed use and is responsible for the Dubai Office operations including design, procurement and construction services. He is a member of the Association of Project Managers (MAPM). HDR Inc is a global leader in integrated multidisciplinary design. The practice was founded more than 90 years ago. HDR s operating philosophy is to be an expertise-driven, global firm that delivers tailored solutions through a strong local presence. Founded in 1917 currently has over 7,800 staff working in 185 locations and has completed projects in 60 countries. Astaş Holding creates exclusive lifestyles for an elite clientele with sophisticated tastes and expectations. Whether this be in residential, office, retail or leisure sectors Astaş Holding is redefining the meaning of high-end lifestyle, developing unique projects that respect the environment, contribute to the urban and social fabric and generate high levels of added value. Matthew Warner is Business Development Coordinator of Astaş s Real Estate Division. He has over 22 years of Real Estate experience, firstly within the London market and subsequently in Turkey. Matthew was formerly the Managing Director of King Sturge in Turkey. MARCUS WILKINS studio director AEDAS ARCHITECTS YAĞMUR YAŞAR cfo RETFUND ARCHITECTURE Aedas, a leading international design practice, offers services in architecture, interior design, masterplanning, landscape, urban design. INVESTMENT, DEVELOPMENT RETFUND (subsidiary of CENOR GROUP) manages all phases of design, development, refurbishment or extension of shopping centers. With over 15 years experience, Marcus is a talented and innovative Director of Architecture at Aedas, and is currently working and bidding on schemes from Ireland to India and from Scotland to Sao Paulo. His wish is to continue to push the boundaries of design and this continues in the schemes he is designing today. As a leading international design practice Aedas are able to apply international expertise with local knowledge and delivery thus supporting the communities in which we work. Aedas is committed to our core value of design excellence and are dedicated to research & development and sustainability. Yagmur is the CFO of RETFUND Turkey since April RETFUND (a subsidiary of CENOR GROUP) manages all phases of land development, refurbishment or extension of shopping centers. RETFUND has seven shopping centers with total GCA of more than 600,000 m2 under planning, extension and development in Europe and Turkey. CENOR GROUP is a major international real estate group with proven expertise in development and management of shopping centers. Yagmur holds his BSc in Civil Engineering, and MBA degrees from M.E.T.U.. He is a qualified member of RICS since He has developed his expertise in real estate development and finance through his career in prominent banks and real estate investment companies.

34 CREATORS SEÇİL YILDIZ director, capital markets UNICREDIT MENKUL DEGERLER BURHANETTİN YURTSEVEN general manager PRAMERICA REAL ESTATE INVESTORS INTERMEDIATION IN CAPITAL MARKETS UniCredit Menkul Değerler A.Ş. focuses on equities,corporate finance,m&a advisory,institutional sales,equity&debt capital markets and equity research. INVESTOR Fund Management Company Secil Yildiz has an experience of more than 13 years in high profile IPOs and corporate finance deals. She managed the Emlak Konut GYO IPO as the deal captain from UniCredit side. UniCredit Menkul Değerler A.Ş. was founded in 2009 by Koç Financial Services, the joint venture partnership between UniCredit Group and Koç Group. Focusing on Equities, Corporate Finance and M&A Advisory, Institutional Sales, Capital Markets and Equity Research, the investment banking activities in Turkey are now equally linked to UniCredit s international platform in order to leverage on the group`s investment banking capabilities and to fully exploit synergies. Pramerica Real Estate Investors is the real estate investment management business of Prudential Financial,Inc. of the United States. Pramerica Real Estate Investors specialized operating units offer a broad range of investment opportunities and investment management services in the United States, Europe, Asia, and Latin America. The company s fund management operations are located in Parsippany,New Jersey; Atlanta,Georgia; Munich,Germany; London,England and Singapore;supported by a network of local offices throughout the world. As of June 30, 2011, Pramerica Real Estate Investors managed $48 billion of gross assets ($25.3 billion net) on behalf of more than 400 clients and is ranked among the largest real estate investment managers. STELIOS ZAVVOS ceo ZEUS CAPITAL PARTNERS INVESTOR Investing in joint ventures with residential developers and acquiring income producing properties in Southeastern Europe Mr. Zavvos is Founder and CEO of Zeus Capital Partners, a Private Equity Real Estate fund which engages in the development of large scale projects throughout Southeastern Europe and Turkey. Mr. Zavvos was also Founder and CEO of Continental American Capital, an investment group in the USA. Mr. Zavvos is the Founder and President of the Harvard Business School Club of Greece, a Member of the European Council on Foreign Relations, and a Member of International Crisis Group s International Advisory Council. He holds an MBA from Harvard Business School and a MSc in Civil Engineering from Polytechnic University of Athens.

35 TURKEY GRI 2013 EXCLUSIVE ADVANCE PRICE Please fax: EXCLUSIVE ADVANCE PRICE Thank you for attending the Turkey GRI we look forward to seeing you again next year! For a limited time only we are offering returning attendees an exclusive advance price of 1,775 for the Turkey GRI Register now for some great benefits: Save 900 off the standard event price Transfer your registration to a colleague at any time Receive a full refund up to a month prior to the event This offer is valid until 20th Jan 2012 STANDARD PRICE EXCLUSIVE ADVANCE PRICE SAVE 900 Fee for payment methods other than credit card: Fee for onsite payment (credit card or cash only): 2,675 1, REGISTRATION FORM GLOBAL REAL ESTATE INSTITUTE [email protected] EUROPE/ASIA: North Wing, 2nd floor, Walkden House, 10 Melton Street, London NW1 2EB, UK tel USA: 511 Avenue of the Americas - suite 4100, New York, NY 10011, USA tel INVESTOR PENSION (Investor) PROPERTY COMPANY (Developer) INFRASTRUCTURE COMPANY LENDER HOTEL (Company) INVESTMENT BANK CORPORATE (User) AGENT (Surveyor) ADVISOR (Accountant/Tax) LAWYER A&E (Architect/Engineer) TITLE (COMPANY) GOVERNMENT (Offi cials) ECONOMIC DEVELOPMENT ACADEMIC (Think Tank) MEDIA TRADE (Group/Exhibit/ Conference Organiser) OTHER MR/MRS/DR FIRST INITIALS LAST (III/JR/...) NICKNAME BADGE NAME POSITION/JOB TITLE COMPANY NAME PAYMENT DETAILS A receipt will be returned. PLEASE TICK VISA MASTERCARD AMEX CHECK (+US$ 75)(1) CARD NUMBER GROUP RATE: applies to 3 or more registrations. Need not be from same company. NAME ON CARD DIRECT TEL FAX EXPIRY *CSC/CVV (MANDATORY) PA TEL SIGNATURE ADDRESS CREDIT CARD BILLING ADDRESS, if different from above (important, please provide) STREET ADDRESS CITY STATE POSTCODE COUNTRY CITY STATE/COUNTY/PROVINCE POSTCODE DIVISION S WEB ADDRESS (EX: *THE CSC IS THE FINAL THREE DIGIT NUMBER PRINTED ON THE REVERSE OF YOUR CARD ALONG THE SIGNATURE STRIP. FOR AMERICAN EXPRESS CARDS, PLEASE PROVIDE THE FOUR DIGIT CVV LOCATED ABOVE THE CARD NUMBER.

36 Please fax: REGISTRATION FORM GLOBAL REAL ESTATE INSTITUTE EUROPE/ASIA: North Wing, 2nd floor, Walkden House, 10 Melton Street, London NW1 2EB, UK tel USA: 511 Avenue of the Americas - suite 4100, New York, NY 10011, USA tel INVESTOR PENSION (Investor) PROPERTY COMPANY (Developer) INFRASTRUCTURE COMPANY LENDER HOTEL (Company) INVESTMENT BANK CORPORATE (User) AGENT (Surveyor) ADVISOR (Accountant/Tax) LAWYER A&E (Architect/Engineer) TITLE (COMPANY) GOVERNMENT (Offi cials) ECONOMIC DEVELOPMENT ACADEMIC (Think Tank) MEDIA TRADE (Group/Exhibit/ Conference Organiser) OTHER MR/MRS/DR FIRST INITIALS LAST (III/JR/...) NICKNAME BADGE NAME POSITION/JOB TITLE COMPANY NAME PAYMENT DETAILS A receipt will be returned. PLEASE TICK VISA MASTERCARD AMEX CHECK (+US$ 75)(1) CARD NUMBER GROUP RATE: applies to 3 or more registrations. Need not be from same company. NAME ON CARD DIRECT TEL FAX EXPIRY *CSC/CVV (MANDATORY) PA TEL SIGNATURE ADDRESS CREDIT CARD BILLING ADDRESS, if different from above (important, please provide) STREET ADDRESS CITY STATE POSTCODE COUNTRY CITY STATE/COUNTY/PROVINCE POSTCODE DIVISION S WEB ADDRESS (EX: *THE CSC IS THE FINAL THREE DIGIT NUMBER PRINTED ON THE REVERSE OF YOUR CARD ALONG THE SIGNATURE STRIP. FOR AMERICAN EXPRESS CARDS, PLEASE PROVIDE THE FOUR DIGIT CVV LOCATED ABOVE THE CARD NUMBER. USA GRI 2012 New York, April SINGLE Non Member GROUP per person DISCUSSION (CO-)CHAIR DEUTSCHE GRI 2012 Frankfurt, 2-3 May SINGLE Non Member GROUP per person DISCUSSION (CO-)CHAIR Before 12 Mar After 12 Mar US$ 2,075 US$ 2,375 US$ 1,975 US$ 2,175 US$ 1,875 US$ 1,975 Before 26 Mar After 26 Mar 2,375 (+19% VAT) 2,675 (+19% VAT) 2,175 (+19% VAT) 2,475 (+19% VAT) 1,875 (+19% VAT) 2,075 (+19% VAT) Fee for payment methods other than credit card: Fee for onsite payment (credit card or cash only): US$ 75 US$ 175 Fee for payment methods other than credit card: Fee for onsite payment (credit card or cash only): 75 (+19% VAT) 125 (+19% VAT) BRITISH GRI 2012 London, May SINGLE Non Member GROUP per person DISCUSSION (CO-)CHAIR CHINA GRI 2012 Shanghai, 6-7 June SINGLE Non Member GROUP per person DISCUSSION (CO-)CHAIR Before 10 Apr After 10 Apr 1,675 (+20% VAT) 1,975 (+20% VAT) 1,575 (+20% VAT) 1,775 (+20% VAT) 1,275 (+20% VAT) 1,475 (+20% VAT) Before 30 Apr After 30 Apr US$ 2,675 US$ 2,975 US$ 2,475 US$ 2,675 US$ 1,875 US$ 2,175 Fee for payment methods other than credit card: Fee for onsite payment (credit card or cash only): 50 (+20% VAT) 100 (+20% VAT) Fee for payment methods other than credit card: Fee for onsite payment (credit card or cash only): US$ 75 US$ 175 GRI EUROPE 2012 Paris, September SINGLE Non Member GROUP per person DISCUSSION (CO-)CHAIR MENA GRI 2012 Doha, September SINGLE Non Member GROUP per person DISCUSSION (CO-)CHAIR Before 12 May Before 07 Aug After 07 Aug 1,975 (+19.6% VAT) 2,375 (+19.6% VAT) 2,675 (+19.6% VAT) 1,875 (+19.6% VAT) 2,175 (+19.6% VAT) 2,475 (+19.6% VAT) 1,775 (+19.6% VAT) 1,875 (+19.6% VAT) 2,075 (+19.6% VAT) Before 28 May Before 20 Aug After 20 Aug US$ 2,375 US$ 2,675 US$ 2,975 US$ 2,175 US$ 2,475 US$ 2,675 US$ 1,775 US$ 1,875 US$ 2,175 Fee for payment methods other than credit card: Fee for onsite payment (credit card or cash only): 75 (+19.6% VAT) 125 (+19.6% VAT) Fee for payment methods other than credit card: Fee for onsite payment (credit card or cash only): US$ 75 US$ 175 RUSSIA GRI 2012 Moscow, September SINGLE Non Member GROUP per person DISCUSSION (CO-)CHAIR INDIA GRI 2012 Mumbai, 3-4 October SINGLE Non Member GROUP per person DISCUSSION (CO-)CHAIR Before 21 May Before 13 Aug After 13 Aug 1,975 2,375 2,675 1,875 2,175 2,475 1,775 1,875 2,075 Before 28 May Before 28 Aug After 28 Aug US$ 2,375 US$ 2,675 US$ 2,975 US$ 2,175 US$ 2,475 US$ 2,675 US$ 1,775 US$ 1,875 US$ 2,175 Fee for payment methods other than credit card: Fee for onsite payment (credit card or cash only): Fee for payment methods other than credit card: Fee for onsite payment (credit card or cash only): US$ 75 US$ 125 BRAZIL GRI 2012 Sao Paulo, 6-7 November SINGLE Non Member GROUP per person DISCUSSION (CO-)CHAIR NEW EUROPE GRI 2012 Warsaw, November SINGLE Non Member GROUP per person DISCUSSION (CO-)CHAIR Before 09 Jul Before 01 Oct After 01 Oct US$ 2,375 US$ 2,675 US$ 2,975 US$ 2,175 US$ 2,475 US$ 2,675 US$ 1,775 US$ 1,875 US$ 2,175 Before 30 Jul Before 22 Oct After 22 Oct 1,975 2,375 2,675 1,875 2,175 2,475 1,775 1,875 2,075 Fee for payment methods other than credit card: Fee for onsite payment (credit card or cash only): US$ 75 US$ 175 Fee for payment methods other than credit card: Fee for onsite payment (credit card or cash only): ASIA GRI 2012 Hong Kong, 3-4 December SINGLE Non Member GROUP per person DISCUSSION (CO-)CHAIR TURKEY GRI 2013 Istanbul, January SINGLE Non Member GROUP per person DISCUSSION (CO-)CHAIR Before 06 Aug Before 29 Oct After 29 Oct US$ 2,375 US$ 2,675 US$ 2,975 US$ 2,175 US$ 2,475 US$ 2,675 US$ 1,775 US$ 1,875 US$ 2,175 Before 10 Sep Before 10 Dec After 10 Dec 1,975 2,375 2,675 1,875 2,175 2,475 1,775 1,875 2,075 Fee for payment methods other than credit card: Fee for onsite payment (credit card or cash only): US$ 75 US$ 175 Fee for payment methods other than credit card: Fee for onsite payment (credit card or cash only):

37 REAL ESTATE INVESTMENT ACROSS THE WORLD 2012 EVENTS THE GRI EUROPE CHAIRMEN S RETREAT 2012 The GRI is a global club of senior real estate investors, developers and lenders that runs its activities through a collection of annual meetings focussed on different regions of the world. At GRI meetings there are no speakers or panellists, just informal discussions in small groups, where everyone participates equally USA GRI 2012 New York, April 2012 CHINA GRI 2012 Shanghai, 6-7 June DEUTSCHE GRI 2012 Frankfurt, 2-3 May 2012 GRI EUROPE SUMMIT 2012 Paris, September GRI EUROPE CHAIRMEN S RETREAT 2012 St Moritz, January 2012 BRITISH GRI 2012 London, May 2012 MENA GRI 2012 Doha, September If building close relationships with the driving elite of the real estate industry at the most senior levels can be useful, we welcome you to join us [email protected] Tel: Fax: RUSSIA GRI 2012 Moscow, September 2012 NEW EUROPE GRI 2011 Warsaw, November INDIA GRI 2012 Mumbai, 3-4 October 2012 ASIA GRI 2012 Hong Kong, 3-4 December BRAZIL GRI 2012 Sao Paulo, 6-7 November 2013 TURKEY GRI 2013 Istanbul, January All material throughout is subject to change without notice.

38 BANKERS GENERAL SPONSOR KNOWLEDGE PARTNER AE INVESTMENT A M E R I C A N EUROPEAN ACADEMIC & INDUSTRY PARTNERS MEDIA PARTNERS