SUN PLAZA
Sun Plaza is a privately held Istanbul-based operator of a 37-story, 147-meter Class-A smart office tower in the Maslak business district, renting ~780 sqm floors to business tenants and operating sub-brands for elevator advertising, facility services, and on-site dry cleaning.
- Company typePrivate
- Founded2005
- HeadquartersIstanbul, Türkiye
- Headcount1–10
- GTM typeB2B
- OfferingServices
What SUN PLAZA does
Sun Plaza Gayrimenkul Kiralama İnşaat ve Tic. A.Ş. (SUN PLAZA) is the owner and operator of a single 37-story, 147-meter Class-A commercial office tower in Istanbul's Maslak business district on Büyükdere Avenue, opened in January 2005. The company is a privately held subsidiary of Turkish diversified conglomerate Elor Holding A.Ş. and operates one of Turkey's flagship 'smart buildings,' with a custom-developed building automation system integrating mechanical, electrical, lighting, fire, security and elevator controls, iris-recognition elevator access, NFPA 92-4 compliant smoke evacuation, 100% generator redundancy (2x 1,650 kVA), and an independent HVAC system per tenant unit. Approximately 28 typical floors of ~780 sqm each are available for rent, supported by 518 parking spaces and 7 elevators (6 high-speed passenger, 1 VIP, 1 freight/service).
The revenue model is predominantly recurring office rental to business tenants, supplemented by three in-house sub-brands: SUNVISION (in-elevator LCD advertising), SUNTUR (cleaning, valet/car wash, personnel and VIP transportation), and SUNDRY (on-site dry cleaning and laundry). GTM is direct enterprise leasing with no intermediaries; prospective tenants are invited to physically experience the building, and pricing is quote-based and not publicly disclosed. The marketing footprint is concentrated on the company website, property visits, and word-of-mouth within Istanbul's business community.
The business carries first-in-Turkey ISO 9001:2008, ISO 14001:2004 and OHSAS 18001:2007 certifications for plaza management and operations, and its structural system was certified 'best' by US engineering firm Wiss, Janney, Elstner. Sister-firm Ergosis (also under Elor Holding) supplies security technology, while ICTS served as international security consultant and Turkcell, Vodafone, and Türk Telekom provide full-building cellular coverage. The asset operates exclusively in the Istanbul/Turkey market with no disclosed international footprint.
SUN PLAZA firmographics
Firmographics- Name
- SUN PLAZA
- Legal name
- Sun Plaza Gayrimenkul Kiralama İnşaat ve Tic. A.Ş.
- Website
- https://sunplaza.com.tr
- Company type
- Private
- Founded year
- 2005
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Sun Plaza is a privately held Istanbul-based operator of a 37-story, 147-meter Class-A smart office tower in the Maslak business district, renting ~780 sqm floors to business tenants and operating sub-brands for elevator advertising, facility services, and on-site dry cleaning.
- Ownership category
- akta.pro rank
SUN PLAZA industry classification
Industry- Product category
- Commercial Office Real Estate
- NAICS
- Corporate, Subsidiary, and Regional Managing Offices (551114), Indoor and Outdoor Display Advertising (54185), Janitorial Services (561720)
- akta.pro primary industry
- Workplace Technology & Smart Office Support (Room Booking Systems, IT/AV Liaison) (IMAIALAK)
Keywords
Where SUN PLAZA is headquartered
LocationHeadquarters
- HQ city
- Istanbul
- HQ country
- Türkiye
- HQ region
- Europe
Offices1 record
Markets served
SUN PLAZA business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Operations, Infrastructure, Personnel, Technology or R&D, Marketing or Sales, Supply Chain
Revenue model
- Office Space Rental: Primary revenue from renting office spaces in the commercial building. The building offers approximately 780 sqm of rentable office space per typical floor with various floor plans.
- Elevator LCD Advertising (SUNVISION): Revenue from advertising displayed on LCD screens inside 7 elevators, reaching thousands of daily visitors.
- Building Services (SUNTUR): Ancillary services including cleaning, valet/car wash, personnel transport, and VIP transportation services for tenants.
- Dry Cleaning Services (SUNDRY): Dry cleaning, laundry, ironing, and quality control services for tenants operating in the building.
Go-to-market motion1 record
Distribution channels1 record
Marketing channels3 records
SUN PLAZA product offering
Product offeringCore offering
SUN PLAZA operates a 37-story, 147-meter smart commercial office building in Istanbul's Maslak business district, leasing approximately 780 sqm of rentable office space per typical floor directly to corporate tenants. The building is equipped with a custom building automation system, iris recognition elevator access, 100% generator backup, and ISO-certified management. Three branded ancillary services — SUNVISION (in-elevator LCD advertising), SUNTUR (cleaning, transport, car wash), and SUNDRY (dry cleaning) — are offered to tenants and visitors.
Product overview
Sun Plaza is a commercial office building complex offering office space for rent alongside ancillary services. The portfolio includes three branded service offerings: SUNVISION provides elevator LCD TV advertising with iris recognition technology; SUNTUR delivers facility management services (cleaning, transport, car wash); and SUNDRY offers dry cleaning and laundry services. These services support tenants within the intelligent building complex.
Differentiator
Problem solved
Functional benefit
Brands
- SUNVISION: LCD TV advertising system inside elevators with iris recognition integration, reaching thousands of people daily through 7 elevators
- SUNTUR
- SUNDRY
Products and services
- Sun Plaza Office Leasing Direct leasing of premium smart office space (approximately 780 sqm per typical floor) in a 37-story tower in Istanbul's Maslak business district, offered to corporate tenants seeking a prestigious, technology-enabled address.
- SUNVISION Elevator Advertising In-elevator LCD TV advertising delivered across 7 elevators inside Sun Plaza, reaching thousands of daily visitors and integrated with the building's iris recognition system.
- SUNTUR Facility Services Comprehensive facility services for tenants including general cleaning, floor polishing, carpet/sofa washing, exterior glass cleaning, post-construction cleaning, staffing, personnel transport, VIP transport, and automated car wash with paint correction.
- SUNDRY Dry Cleaning & Laundry Dry cleaning, laundry, washing, ironing, and quality control services for tenants of Sun Plaza, located in the building's parking level.
Companies that use SUN PLAZA
Customer profileSegments1 record
Ideal customer profiles1 record
SUN PLAZA technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature8 records
SUN PLAZA partnerships and signals
Strategic signalPartnerships
Three partnerships are on record, tiered parent and core.
- ELOR Holding A.Ş.parentParent company of Sun Plaza Gayrimenkul Kiralama İnşaat ve Tic. A.Ş. Elor Holding also owns Beybi Plastik Fabrikası A.Ş., Sun Turizm ve Su Sporları A.Ş., Shambala Clinic, Ergosis Güvenlik Sistemleri Bil. San. ve Tic. A.Ş., Euroschebin, and AMC Health.
- ICTScoreInternational security systems consultant known for significant international projects, responsible for security system design and consulting for Sun Plaza.
- Ergosis Güvenlik Sistemleri Bilgisayar San. ve Tic. A.Ş.coreRelated company under Elor Holding providing security technology including iris recognition systems integrated with Sun Plaza's elevators.
Scale indicators7 records
Recent moves7 records
Expansion highlights3 records
SUN PLAZA competitors and assessment
Company assessmentBroad incumbents
- Brookfield Property Group: Global commercial real estate platform owning iconic office towers worldwide. Comparable to Sun Plaza as an institutional-grade office landlord focused on premium CBD assets with integrated building services.
- SL Green Realty: Manhattan's largest office landlord. Comparable to Sun Plaza through its model of owning and operating premier office towers in a single dominant CBD, with similar value-creation levers around tenant mix and capex.
- Boston Properties (BXP): US premier Class-A office REIT operating in Boston, NYC, San Francisco and Washington DC. Comparable to Sun Plaza as a landlord of trophy office assets with premium CBD positioning and high-credit-quality tenants.
- Empire State Realty Trust: NYC-focused office REIT operating the Empire State Building and other Class-A office towers. Comparable to Sun Plaza as a single-CBD office landlord emphasizing in-building services, retail/amenities and recurring tenant revenue.
- Vornado Realty Trust: US office REIT concentrated in New York City, particularly Manhattan. Comparable to Sun Plaza as a landlord of premium single-market CBD office towers, with similar valuation drivers of rent per sqm, occupancy and asset-level capex.
Direct peers
- Emlak Konut Gayrimenkul Yatırım Ortaklığı (EKGYO): State-backed Turkish REIT that develops and leases large-scale residential and commercial real estate across Turkey. Comparable to Sun Plaza as a major Turkish landlord operating in Istanbul with recurring rental revenue streams.
- Torunlar Gayrimenkul Yatırım Ortaklığı (TRGYO): Turkish REIT with premium office and mixed-use developments concentrated in Istanbul. Comparable to Sun Plaza as a Grade-A Istanbul office landlord pursuing premium CBD positioning and long-term tenant relationships.
- Akfen Gayrimenkul Yatırım Ortaklığı: Turkish commercial real estate company specializing in office and mixed-use assets. Comparable to Sun Plaza through its focus on institutional-grade office leasing and recurring rental income in Turkish metropolitan markets.
- İş Gayrimenkul Yatırım Ortaklığı (ISGYO): Largest publicly-traded Turkish commercial real estate company focused on office, retail and mixed-use properties in Istanbul and other major cities. Directly comparable to Sun Plaza as a Turkish office landlord with recurring rental income and Maslak/İstanbul CBD exposure.
- Vakıf Gayrimenkul Yatırım Ortaklığı (VKGYO): Turkish REIT with a portfolio of commercial properties including office space in major cities. Comparable to Sun Plaza as an Istanbul-focused commercial landlord generating recurring rental revenue.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights6 records
Customer concentration
SUN PLAZA social profiles
Digital presenceSUN PLAZA compliance and trust
Trust signalCompliance3 records
SUN PLAZA financial estimates
Financial estimateRevenue estimate
Valuation estimate
SUN PLAZA leadership team
Management profileNumber of profiles
SUN PLAZA funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
SUN PLAZA M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about SUN PLAZA
What does SUN PLAZA do?
SUN PLAZA operates a 37-story, 147-meter smart commercial office building in Istanbul's Maslak business district, leasing approximately 780 sqm of rentable office space per typical floor directly to corporate tenants. The building is equipped with a custom building automation system, iris recognition elevator access, 100% generator backup, and ISO-certified management. Three branded ancillary services — SUNVISION (in-elevator LCD advertising), SUNTUR (cleaning, transport, car wash), and SUNDRY (dry cleaning) — are offered to tenants and visitors.
Is SUN PLAZA a public or private company?
SUN PLAZA is a private company. It is classified as corporate owned and is currently operating.
When was SUN PLAZA founded?
SUN PLAZA was founded in 2005. It employs 1 to 10 people.
Where is SUN PLAZA based?
SUN PLAZA is headquartered in Istanbul, Türkiye, in the Europe region.
How does SUN PLAZA make money?
Four revenue lines are on record. Office Space Rental is the primary driver. The others are elevator LCD Advertising (SUNVISION), building Services (SUNTUR) and dry Cleaning Services (SUNDRY).
Who are SUN PLAZA's main competitors?
Broad incumbents on record are Brookfield Property Group, SL Green Realty, Boston Properties (BXP), Empire State Realty Trust and Vornado Realty Trust. Direct peers are Emlak Konut Gayrimenkul Yatırım Ortaklığı (EKGYO), Torunlar Gayrimenkul Yatırım Ortaklığı (TRGYO), Akfen Gayrimenkul Yatırım Ortaklığı, İş Gayrimenkul Yatırım Ortaklığı (ISGYO) and Vakıf Gayrimenkul Yatırım Ortaklığı (VKGYO).
Does SUN PLAZA have an API?
No public API is recorded for SUN PLAZA.
What industry is SUN PLAZA in?
SUN PLAZA's product category is Commercial Office Real Estate. Its primary akta.pro industry code is IMAIALAK, Workplace Technology & Smart Office Support (Room Booking Systems, IT/AV Liaison). Its NAICS code is 551114.