Kuyumcukent Gayrimenkul Yatirimlari AS

What Kuyumcukent Gayrimenkul Yatirimlari AS does

Kuyumcukent Gayrimenkul Yatırımları A.Ş. (ticker: KUYAŞ) is a publicly traded Turkish real estate development and investment company headquartered in Istanbul's Yeşilköy/Bakırköy district. Founded in 1988 as a cooperative of jewelry-sector professionals and corporatized in 2005, the company is recognized as Turkey's first 100% publicly held real estate company, with shares trading on Borsa Istanbul's 2nd National Market since 2013. Its portfolio is purpose-built around Turkey's jewelry and precious metals industry, anchored by the Borsa Kule complex in Yenibosna (housing the Borsa İstanbul Precious Metals and Stones Market in A Blok and 92 jewelry workshops in B Blok), the İ.V.P Merkez Plaza with 326 gold workshops, the İstanbul Vizyon Park office complex, and the Wedding World AVM Kuyumcukent shopping center (332,600 m²).

The company's revenue model combines one-time sales of commercial workshops (priced at approximately 130,000 TL/m² in the Borsa Kule-2 project launched in 2024) and urban-transformation residential units with recurring rental income from its owned commercial inventory and property-management services delivered through its wholly-owned subsidiary Kuyumcukent Gayrimenkul Yönetim A.Ş., established in 2016 to manage both owned and third-party assets (including Sur Yapı Axis, Sur Yapı Vitrin, and Nef Kağıthane). Distribution is exclusively direct: Kuyaş sells through its own sales office with no third-party channel partners, targeting enterprise jewelry-sector buyers for commercial units and individual buyers for residential apartments. Its operating footprint is concentrated entirely within Istanbul.

The company holds ISO 9001:2015, ISO 14001:2015, and OHSAS 18001:2007 certifications, won a 2017 European Property Award in architecture for Borsa Kule, and is governed by a nine-member board including three independent directors. The core customer segment is the jewelry and precious metals vertical, with secondary exposure to residential buyers through three completed urban-transformation projects (Akalın, Ceylan, and Hatipoğlu Apartments) on Istanbul's Asian-side premium corridors. The Borsa Kule-2 launch in 2024, comprising 403 workshops due for completion in 2026, represents the company's most significant active development pipeline.

Name

Kuyumcukent Gayrimenkul Yatirimlari AS

Legal name

Kuyumcukent Gayrimenkul Yatırımları A.Ş.

Website

https://kuyas.com.tr

Company type

Public

Founded year

1988

Operating status

Operating

Headcount range

51–100 employees

Short description

Kuyumcukent Gayrimenkul Yatırımları A.Ş. (KUYAŞ) is a publicly traded Istanbul-based real estate developer specializing in purpose-built commercial facilities for Turkey's jewelry and precious metals sector, complemented by urban-transformation residential projects and integrated property management services through a wholly-owned subsidiary.

Ownership category

akta.pro rank

Headquarters

HQ city

Bakirkoy

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Infrastructure, Personnel, Marketing or Sales

Revenue model

1. Real Estate Development Sales: Development and sale of commercial and residential properties including office buildings, shopping malls, workshops for jewelry sector, and residential apartments. Revenue generated from unit sales.
2. Facility Management Services: Property management and facility operations through subsidiary Kuyumcukent Gayrimenkul Yönetim A.Ş., managing their own buildings and third-party properties including Sur Yapı Axis, Sur Yapı Vitrin, and Nef Kağıthane.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

Kuyumcukent Gayrimenkul Yatırımları A.Ş. is a real estate investment and development company that builds and sells purpose-built commercial properties including jewelry workshops, precious metals trading facilities, office plazas, and shopping centers, along with urban transformation residential apartments. The company's portfolio focuses on serving the jewelry and precious metals industry in Istanbul through specialized facilities designed for security, infrastructure, and production requirements of that sector.

Product overview

Kuyumcukent Gayrimenkul Yatırımları A.Ş. (Kuyaş) is Turkey's first 100% publicly-traded real estate investment company, operating as a property developer with a portfolio of commercial and residential projects. The company's core offerings include commercial buildings for the jewelry sector (Borsa Kule, Borsa İstanbul, Borsa Kule-2, İ.V.P Merkez Plaza), office and retail plazas (İstanbul Vizyon Park Ofis Blokları, Wedding World AVM), and urban transformation residential projects (Akalın Apartmanı, Ceylan Apartmanı, Hatipoğlu Apartmanı). The product portfolio centers on purpose-built commercial real estate, particularly for the jewelry and precious metals industry, complemented by mixed-use developments and residential apartments.

Differentiator

Problem solved

Functional benefit

Products and services

• Borsa Kule A commercial building project in Istanbul Yenibosna consisting of two phases. Phase A (Borsa İstanbul) was completed and delivered to the Istanbul Precious Metals and Precious Stones Market. Phase B (B Blok) contains 92 workshops designed for the jewelry sector with units ranging from 76m² to 958m².
• Borsa Kule-2 Second phase of the Borsa Kule project consisting of 403 independent sections, featuring jewelry workshops ranging from 50m² to 220m² with sales prices of approximately 130,000 TL/m². Project launched with expected completion in 2026.
• Borsa İstanbul A commercial building that won the prestigious European Property Award in the architectural category. Houses the Borsa İstanbul Precious Metals and Precious Stones Market (A Block).
• İstanbul Vizyon Park Ofis Blokları Office plaza located on prestigious commercial corridors (E5 Highway, Basın Ekspres and TEM Highway). Features street-front commercial units ranging from 382m² to 1,395m².
• İ.V.P Merkez Plaza Central plaza in Basın Ekspres Road area near Atatürk Airport, Yeşilköy Free Zone, and CNR Expo. Contains 326 Gold Workshops for the jewelry sector.
• Wedding World AVM Kuyumcukent One of Istanbul's prominent shopping centers located on Basın Ekspres Road. Houses diverse sectors from jewelry to tourism, clothing to telecommunications.
• Ceylan Apartmanı Residential project in Caddebostan Plaj Yolu Street consisting of 2 blocks with 26 special apartments. Includes duplex apartments with sales continuing.
• Akalın Apartmanı Residential project with views of Princes' Islands and Kalamış Marina, located between Bağdat Avenue and Cemil Topuzlu Avenue. Contains 26 apartments with duplex units available for sale.
• Hatipoğlu Apartmanı Residential project near Bağdat Avenue in Istanbul, built with 76 apartments. Occupancy began in 2018. Features duplex apartments with views of the islands and Sea of Marmara.
• Facility Management Services Property management and facility operations through subsidiary Kuyumcukent Gayrimenkul Yönetim A.Ş., managing their own buildings and third-party properties including Sur Yapı Axis, Sur Yapı Vitrin, and Nef Kağıthane.

Quantifiable outcome

• European Property Award winner for Borsa Kule project

Named customers3 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Three partnerships are on record, tiered minor.

• Sur Yapı AxisminorStrategic or Co-development Partner · 1 January 2016Kuyumcukent Gayrimenkul Yönetim A.Ş. manages Sur Yapı Axis property as part of their facility management services portfolio
• Sur Yapı VitrinminorStrategic or Co-development Partner · 1 January 2016Kuyumcukent Gayrimenkul Yönetim A.Ş. completed management of Sur Yapı Vitrin project
• Nef KağıthaneminorStrategic or Co-development Partner · 1 January 2016Kuyumcukent Gayrimenkul Yönetim A.Ş. completed management of Nef Kağıthane project

Scale indicators6 records

Recent moves10 records

Expansion highlights4 records

Direct peers

• Sur Yapı: Istanbul-based real estate developer active in residential and commercial segments; also a current partner (Sur Yapı Axis, Sur Yapı Vitrin managed by Kuyaş). Closely comparable scale and geography.
• Emlak Konut GYO: Turkey's largest publicly traded REIT developing residential and commercial projects. Directly comparable as a publicly listed Turkish real estate developer with diversified project portfolio.
• Akfen GYO: Turkish REIT with hotel and commercial property holdings. Comparable as a publicly traded Turkish REIT operating commercial real estate assets.
• Torunlar GYO: Turkish REIT focused on commercial and mixed-use developments including shopping malls and office towers. Comparable in product mix and public-market structure.
• Reysaş Gayrimenkul Yatırım Ortaklığı: Turkish REIT with logistics, commercial, and mixed-use assets. Comparable public-market REIT with similar commercial real estate development activity.
• Sinpaş: Large Istanbul-based residential and commercial developer. Comparable scale and product mix focused on Turkish urban real estate.
• Özak Gayrimenkul Yatırım Ortaklığı: Turkish REIT focused on office, hotel, and residential projects in Istanbul. Comparable public-market structure and similar Istanbul-centric portfolio.
• İş Gayrimenkul Yatırım Ortaklığı (İş GYO): Turkish REIT with a portfolio of commercial office towers, shopping centers, and residential projects. Comparable public-market REIT with similar commercial real estate focus.
• Vakıf Gayrimenkul Yatırım Ortaklığı: Turkish REIT with diversified commercial and residential real estate holdings. Comparable public REIT operating in the same Turkish market.

Broad incumbents

• DMCC (Dubai Multi Commodities Centre): Operates the world's largest free zone for commodity trade including a dedicated precious metals/gemstones infrastructure. Comparable as a purpose-built ecosystem for jewelry and precious metals trading, though at much larger scale and broader scope.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights7 records

Customer concentration

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Kuyumcukent Gayrimenkul Yatirimlari AS