Emlak Konut REIT receives CMB approval to publicly offer real estate certificates
24/07/2025 11:46
July 24 (Reuters) - Turkish real estate investment trust Emlak Konut received approval from the Turkish Capital Markets Board (CMB) to issue real estate certificates with the first stage expected to reach 14.60 billion lira ($361 million), the company said on Thursday. In a statement to the stock exchange website, the company said the public offering is to cover 1,540 residential units at the first stage and depending on demand it could add 674 more residential units, carrying the projected total offering to 21.41 billion lira ($529 million) in total. ($1 = 40.4770 lira) (Reporting by Miraç Eren Dereli; Editing by Daren Butler) ((miraceren.dereli@thomsonreuters.com;))
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