Avrasya Gmyo

What Avrasya Gmyo does

Avrasya Gayrimenkul Yatırım Ortaklığı A.Ş. (Avrasya GYO) is a publicly listed Turkish real estate investment trust (Gayrimenkul Yatırım Ortaklığı) on Borsa İstanbul, headquartered in the Metrocity Business Center on Büyükdere Avenue in the Levent-Maslak axis of Istanbul. Founded in 1996 and converted to GYO status on 14.10.2010, the company acquires and manages income-generating real estate including Metrocity A and C Block office floors in Istanbul, the Metro Hotel Apartments project in Edirne, the Arnavutköy-Durusu hotel complex, Gökay Sitesi residential apartments in Alanya/Antalya, three intercity bus terminals in Samsun/Çarşamba/Havza, ticket sales offices in Mersin/Tarsus, fuel stations in İlkadım, a 6-story school building, and an Ankara apartment. Portfolio management services are provided by Metro Portföy Yönetimi A.Ş., and the Öztürk family-aligned Metro Group controls a combined ~48% of share capital (Metro Avrasya Investment Georgia A.Ş. 37.36%, Metro Yatırım Menkul Değerler A.Ş. 10.54%), with Fatma Öztürk Gümüşsu holding A Group privileged shares granting board nomination rights.

The company generates returns through rental income and capital appreciation on its real estate portfolio, distributed to public shareholders via the BIST listing (BIST İşlem Gördüğü Ağırlıklı Ortalama Fiyatı: 5.38 TL). On 04.11.2025, Avrasya GYO completed a strategically significant acquisition of Metro Turizm Otelcilik ve Petrol Ürünleri Ticaret A.Ş. for 449,737,671 TL, adding operating businesses in petroleum products, fuel oil, diesel, LPG trading, and real estate. The combined business now spans passive real estate holdings and active fuel/energy distribution under a single listed entity. Governance is concentrated: Çiğdem Öztürk Pulatoğlu serves as both Board Chairman and General Manager (since 01.10.2023), with Fatma Öztürk Gümüşsu and Sabri Orbay Tuna as board members, supplemented by two independent board members (Ahmet Serpil, Yunus Kaya). The company is regulated by the Turkish Capital Markets Board (SPK), files mandatory disclosures through KAP, and operates a published share buyback program as a capital return mechanism.

Name

Avrasya Gmyo

Legal name

Avrasya Gayrimenkul Yatırım Ortaklığı A.Ş.

Website

https://avrasyagyo.com.tr

Company type

Public

Founded year

1996

Operating status

Operating

Headcount range

1–10 employees

Short description

Avrasya GYO is a publicly listed Turkish REIT (Borsa İstanbul) that owns and manages a diversified portfolio of commercial offices, hotels, intercity bus terminals, residential apartments, and fuel/energy assets across Turkey, controlled by the Öztürk-family Metro Group.

Ownership category

akta.pro rank

Product category

Real Estate Investment Trust

NAICS

Funds, Trusts, and Other Financial Vehicles (525), Other Investment Pools and Funds (5259), Portfolio Management and Investment Advice (52394)

SIC

Real Estate Dealers (For Their Own Account) (6532), Real Estate Agents & Managers (For Others) (6531)

akta.pro primary industry

Real Estate Portfolio & Fund Management (Institutional/REIT/PE) (BPAJAMAJ)

akta.pro secondary industries

Real Assets — Operating Platforms & Direct Investments (FSAAAKAL), Specialty Real Assets / Niche Strategies (Marinas, Student Housing, Self-Storage, Life Science RE) (FSANAEAO)

Keywords

• Real estate investment trust
• Commercial property management
• Portfolio asset management
• Rental income properties
• Diversified real estate portfolio

Headquarters

HQ city

Levent

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Others

Revenue model

1. Real Estate Investment Trust Operations: As a GYO (Gayrimenkul Yatırım Ortaklığı), the company generates returns through ownership and management of income-producing real estate properties including office spaces (Metrocity), bus terminals, hotels (Metro Hotel Apartments), and residential units. Revenue comes from rental income and potential capital gains from property appreciation.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels1 record

Core offering

Avrasya GYO is a publicly listed Real Estate Investment Trust (GYO) on Borsa İstanbul that owns and operates a diversified portfolio of income-generating real estate assets across Turkey. The portfolio includes commercial office spaces (Metrocity A and C Blocks in Istanbul), intercity bus terminals in Samsun and Tarsus, hotel and residential developments (Edirne, Arnavutköy-Durusu, Alanya), fuel stations, a school building, and an apartment building. Revenue is generated through rental income from these assets, with portfolio management delivered by Metro Portföy Yönetimi A.Ş.

Product overview

Avrasya Gayrimenkul Yatırım Ortaklığı (Avrasya GYO) is a real estate investment trust (GYO) established in 1996 and converted to its current form on 14.10.2010. The company manages a diversified portfolio of real estate properties including commercial office spaces (Metrocity A and C Blocks in Istanbul), hotel and residential developments (Metro Hotel Apartments in Edirne, Arnavutköy-Durusu hotel complex, Gökay Sitesi apartments in Alanya), intercity bus terminals (Samsun, Çarşamba, Havza, and Tarsus stations), fuel stations, a school building, and an apartment building. The company also holds a subsidiary, Metro Turizm, acquired in November 2025, which operates in petroleum products and hospitality sectors. Portfolio management services are provided by Metro Portföy Yönetimi A.Ş.

Differentiator

Problem solved

Functional benefit

Products and services

• Metrocity A Blok (17th Floor) Office space located in Metrocity Business Center, Büyükdere Avenue, Levent-Şişli/Istanbul. Office unit 187 on the 17th floor, situated on a 24,277.71 m² land parcel. Leased as part of the GYO's commercial office portfolio.
• Metrocity C Blok (5th Floor, Unit 316) Office space in Metrocity Business Center's C Block, Büyükdere Avenue, Levent-Şişli/Istanbul. Located on the 5th floor with 24,277.71 m² land area. Leased as part of the GYO's commercial office portfolio.
• Metro Hotel Apartments Project (Edirne) Hotel and residential development project in Edirne, located in Kocasinan District, Soğukkuyu area. The property sits on a 19,530.73 m² plot (parcel 2261, block 16) designated as 'Preferred Use Area' in the Edirne Implementation Zoning Plan.
• Arnavutköy-Durusu Hotel Complex Hotel properties in Istanbul's Arnavutköy district, Deliyunus Village, Türkmen Cemetery area. Consists of parcels 261 (11,534.42 m²) and 944 (17,227 m²) featuring hotel structures including rooms, restaurant, tower building, and storage facilities.
• Gökay Sitesi R Blok Daire 1-3 Residential apartments in Gökay Site complex located in Antalya's Alanya district, Türkler neighborhood. R Block contains 4 independent units with duplex apartments featuring 3 rooms, American-style kitchen, bathrooms, and balconies.
• Gökay Sitesi D Blok Daire 1-3 Residential apartments in Gökay Site D Block in Antalya's Alanya district. D Block comprises 4 independent units with similar layout to R Block, including basement, ground floor, first floor, and attic.
• Samsun Şehirlerarası Otobüs Terminali Intercity bus terminal in Samsun, consisting of parcel 6490/22 (9,021.85 m², 'Intercity Bus Terminal' qualified) and parcel 6490/24 (5,233.78 m², 'Land' qualified used as green space).
• Çarşamba Şehirlerarası Otobüs Terminali Intercity bus terminal in Çarşamba district of Samsun. The terminal building on parcel 113/3 has basement, ground floor, and first floor with approximately 10,036.89 m² gross construction area.
• Havza Şehirlerarası Otobüs Terminali Intercity bus terminal in Havza district with total usage area of 3,953 m². The facility includes 1,723.62 m² of commercial space and 2,229.38 m² of common areas.
• Mersin Tarsus Bilet Satış Büroları Duplex ticket sales offices in Mersin's Tarsus district, Fevzi Çakmak neighborhood. Located on parcel 4811/4 (7,431.00 m²) with units 11, 12, 15, and 16.
• Samsun Çarşamba 6 Katlı Okul Binası ve Arsası 6-story school building in Çarşamba district of Samsun, on parcel 1151/1 (2,914.80 m²). The reinforced concrete building has 2 basement floors, ground floor, and 3 normal floors totaling 7,185 m² gross area, designed as a private school.
• İlkadım Akaryakıt İstasyonları Fuel stations in İlkadım district of Samsun, on parcels 18 and 20 near the bus terminal. The properties have been operating as fuel service stations for approximately 14 years.
• Ankara Kargir Apartmanı 3-story apartment building in Ankara's Beştepe neighborhood, Yenimahalle district. Located in 'Residential Area' designation under Şenyuva Housing Cooperative Zoning Plan.
• Metro Turizm Otelcilik ve Petrol Ürünleri Ticaret A.Ş. (Subsidiary Operations) Wholly-owned operating subsidiary acquired on 04.11.2025 for 449,737,671 TL. Core activities include petroleum and petroleum products, fuel oil, diesel, LPG, fuel purchase, sale, export, import; movable and immovable property, machinery purchase, sale and rental.

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

Two partnerships are on record, tiered core.

• Metro Portföy Yönetimi A.Ş.coreStrategic or Co-development PartnerProvides portfolio management services to Avrasya GYO. The company receives professional portfolio management services ensuring regulatory compliance and optimal asset management for the real estate investment trust.
• Metro Turizm Otelcilik ve Petrol Ürünleri Ticaret Anonim ŞirketicoreStrategic or Co-development PartnerAcquired on 04.11.2025 for 449,737,671 TL. Operates in petroleum and petroleum products, fuel oil, diesel, LPG, fuel trading, and real estate. This represents a significant diversification into hospitality and energy sectors.

Scale indicators4 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• Özak GYO: BIST-listed Turkish REIT managing office, residential, and tourism real estate. Direct peer to Avrasya GYO in regulated GYO structure, BIST listing, and diversified real estate portfolio.
• Vakıf GYO: BIST-listed Turkish REIT associated with VakıfBank, managing office, retail, and residential properties. Comparable to Avrasya GYO in regulated GYO structure, BIST-listed status, and diversified real estate holdings across Turkey.
• İş GYO: Public BIST-listed REIT (GYO) under İş Bank, focused on commercial office, retail, and residential projects in Turkey. Comparable to Avrasya GYO in regulated REIT structure, BIST listing, and diversified real estate portfolio across major Turkish cities.
• Akfen GYO: BIST-listed Turkish REIT focused on hotel and commercial properties across Turkey. Comparable to Avrasya GYO in BIST-listed GYO structure and diversified real estate strategy with hospitality assets.
• Halk GYO: BIST-listed Turkish REIT backed by Halkbank, focused on commercial real estate and tourism projects. Comparable to Avrasya GYO in regulated GYO structure, BIST listing, and diversified property portfolio across Turkish cities.
• Yapı Kredi Koray GYO: BIST-listed Turkish REIT joint venture focused on office and commercial real estate in Istanbul. Comparable to Avrasya GYO in regulated GYO structure, BIST listing, and urban commercial property focus.
• Emlak Konut GYO: Turkey's largest publicly traded REIT (GYO), listed on BIST, managing a diversified portfolio of residential, commercial, and land bank assets. Most direct comparable for Avrasya GYO given identical GYO structure, BIST listing, and Turkish real estate focus.
• Torunlar GYO: BIST-listed Turkish REIT with diversified portfolio including Mall of Istanbul, office towers, and residential projects. Direct peer to Avrasya GYO in commercial real estate focus, BIST listing, and mixed-use property strategy.

Regional players

• Sinpaş GYO: Turkish real estate developer/REIT with significant residential and commercial projects across Turkey. Comparable to Avrasya GYO in Turkish real estate focus and BIST listing, though more development-oriented.

Others

• Metro Yatırım Menkul Değerler A.Ş. Major shareholder of Avrasya GYO (10.54%) and part of the Metro Group, providing brokerage and investment services. Comparable as a related party within the same corporate ecosystem that anchors Avrasya's strategic capital.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 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 Avrasya Gmyo