Bakırcı REIT IPO and Future Project Goals
Fatih Sağlam announced that IPO revenues will be used for project financing and that maximum profitability is targeted by the end of 2027.
Bakırcı REIT Vice Chairman of the Board of Directors and General Manager Fatih Sağlam stated that they received the intense demand they desired during the IPO process and shared the company's future strategies.
IPO and Demand Process
Bakırcı REIT Vice Chairman of the Board of Directors and General Manager Fatih Sağlam evaluated the details of the company's public offering and the interest shown by investors. Sağlam stated that they received quite good and desired intense demand during the IPO process.
Capital and Project Financing
Stating that all revenues obtained from the public offering were transferred to the company as capital, Sağlam emphasized that almost all of these resources will be used in project financing. The company aims to complete its ongoing projects by the end of 2027.
Profitability and Target Period
The Vice Chairman of the Board noted that they aim to create a maximum level of profitability for the company by completing all projects by the end of 2027. The upcoming period is projected to be quite positive for the real estate sector.
Global Brand Vision
Stating that they develop projects in Turkey's major cities, especially Istanbul, the company management aims to become a global brand in the real estate and construction sector over the next 10 years.