Artificial Intelligence
Builders Company
Developers/Fuzul GYO
FG
Fuzul GYOIstanbul, Türkiye · founded 10.03.1992 · 1 active markets
PUBLIC LISTED

Fuzul GYO develops residential and commercial real-estate projects primarily in Istanbul, serving homebuyers, investors and communities. Its model combines for-sale housing development with commercial property and joint ventures, using land partnerships and revenue-sharing arrangements to deliver living and investment spaces.

Years in business
34
founded 10.03.1992
Employees
61 people
employees, as reported in a filing · 30 September 2025 · size band 201–500
LinkedIn headcount
201-500
employees, as shown on LinkedIn
Portfolio value
TRY 10.71 billion total market value of stock
31.12.2025
Units delivered
on binlerce aile ("tens of thousands of families")
as the company states it
Projects last researched October 9, 2026
Every figure on this card was read out of a document.

Overview

Investor tear sheet

a summary of the tabs that follow · no rating of our own

Company dossier

Legal name
Fuzul Gayrimenkul Yatırım Ortaklığı Anonim Şirketi1
Headquarters
İkitelli OSB Mah. Süleyman Demirel Bulvarı Demirciler San. Sitesi N4/1B1, Istanbul1, Türkiye
Founded
10.03.19921
Entity type
PUBLIC LISTED1
Business model
offplan for sale1, commercial1, mixed use1
Markets
1 market listed
What they build
Residential, for sale (7 of 8) · Retail (7 of 8) · Hotel (1 of 8)
Full dossier in About →

Delivery record

6 date-assessed of 8 projects
Unverified by developer

AI-researched delivery record, not yet confirmed by the developer. Dates may be approximate; original sources are linked.

Completed projects from 2016-10-16 through 2026-10-16, with sufficient delivery-date evidence. Date assessment and developer profile verification do not mean an independent audit of every source. Original source links and available snippets are provided. May not represent the developer’s full portfolio. 0 undated and 0 boundary-uncertain completions are excluded. Delivery exceptions are listed separately under Projects.
Completed projects assessed
8
within the rolling ten-year window
Median delay
+8.0 mo
the middle of 6 scored projects
Average delay
+8.7 mo
the same projects, pulled by the worst
Average time to deliver
3.4 yrs
start to completion, over 6 delivered projects
Worst slip
+24.0 mo
Olimpa Park Plus · +13.0 to +35.0
3
early or less than 6 months late
6 to 12 months late
2
yellow rows below
Over 12 months late
1
red rows below

Against other developers

6 date-assessed here · 31 developers, 83 date-assessed projects in Türkiye
Median delay
Fuzul GYO·31 developers in Türkiye
+8.0 mo vs +3.5 mo
this developer 4.5 mo worse
The typical project on each side.
Average delay
Fuzul GYO·31 developers in Türkiye
+8.7 mo vs +9.4 mo
this developer 0.7 mo better
Both pulled by their worst few.
On time
Fuzul GYO·31 developers in Türkiye
50% vs 53%
this developer 3 pts worse
Share of date-assessed projects delivered early or less than 6 months after the original target. Exactly 6 months late is excluded.
Average time to deliver
Fuzul GYO·31 developers in Türkiye
3.4 yrs vs 3.9 yrs
this developer 0.5 yrs faster
Start to completion, over 6 delivered here and 61 in the market.
Projects and timelines in Track Record →

Resident experience

7 of 8 buildings rated · scale 1–10

AI research over published reviews and resident comments. Scores are a model’s reading of opinion, not figures stated on a page, and nothing here feeds any number above it. The links under each block are the pages that research says it used. Based on available resident reviews of covered buildings. These are reported experiences, not independent building inspections, and may not represent all residents or properties.

Overall verdict
7.8/ 10
Weighted judgment across build and operations · from 7 of 7 rated buildings
Little structure evidence (1 of 7 buildings) — this rests mainly on whole-building and living reviews.
Structure & systems
5.0/ 10
Fabric, services, waterproofing, envelope · from 1 of 7 rated buildings
Management & living
7.6/ 10
Upkeep, response times, amenities, community · from 7 of 7 rated buildings

Against other developers

7 rated here · 34 developers, 115 rated buildings in Türkiye
Overall rating
Fuzul GYO · 34 other developers in Türkiye
7.8 vs 7.3
this developer 0.5 better
The weighted verdict on each side. From 7 of 7 rated buildings here and 115 in the market.
Structure & systems
Fuzul GYO · 34 other developers in Türkiye
— vs 6.6
Too few buildings with this score here to compare (1 of 7)
Fabric and engineering only — fixed at handover. From 1 of 7 rated buildings here and 54 in the market.
Management & living
Fuzul GYO · 34 other developers in Türkiye
7.6 vs 7.1
this developer 0.5 better
Upkeep and response — belongs to whoever runs the building now. From 7 of 7 rated buildings here and 112 in the market.
The market here is Türkiye: every other developer whose head office is in the same country, because the review platforms residents use, and the service norms they judge against, move together within one. It is not a city, a sector or a price band. Read structure and living together. A developer above the market on structure and below it on living builds well and runs buildings badly, which is a fixable problem and a different one from building badly. Higher ratings are better; differences use the displayed scores rounded to one decimal. Rated buildings only, on both sides, and a structure or living score with no stated basis — no review count and no notes or links — is left out of both.
Ratings by building →

Awards & recognition

All awards →

Risks & source coverage

  • REGULATORY 25 September 2024 (SPK decision); confirmed in the company’s 30 September 2025 general-meeting record On September 25, 2024, the Capital Markets Board (SPK) imposed a TRY 1,944,578 administrative fine on Fuzul GYO after finding that proceeds from its public offering had been used outside the purposes stated in the prospectus, making the prospectus information on use of proceeds misleading; the 2025 general-meeting record confirms the company fine and says the board decided not to recourse the responsible directors.
  • DELIVERY DELAY Reported 31 July 2026; alleged revised delivery December 2026 or January 2027 A buyer complaint reported on 31 July 2026 alleges that Fuzul GYO’s Başakşehir Avrasya 3 project was represented as due for delivery in December 2025 or January 2026, but the buyer was later told in writing that delivery had moved to December 2026 or January 2027; this is a buyer allegation, and no resolution or company response was documented on the retrieved page.
  • DELIVERY DELAY Reported 26 August 2026; alleged construction start delayed from October 2025 to June 2026 A buyer complaint reported on 26 August 2026 alleges that construction of an Arnavutköy Fuzul Topraktan project, promised to start in October 2025, was repeatedly postponed and ultimately began only in June 2026; the complainant also alleges that the stated land-share percentage and cost terms later differed from the sales explanation, with no documented resolution on the retrieved page.
  • 1 more in Risk & Sources
Record status
active
Company sources
106 source entries across 106 fields
Projects tracked
8 · 8 completed in assessment
All flags and sources →

Track Record

Delivery record

6 date-assessed of 8 projects
Unverified by developer

AI-researched delivery record, not yet confirmed by the developer. Dates may be approximate; original sources are linked.

Completed projects from 2016-10-16 through 2026-10-16, with sufficient delivery-date evidence. Date assessment and developer profile verification do not mean an independent audit of every source. Original source links and available snippets are provided. May not represent the developer’s full portfolio. 0 undated and 0 boundary-uncertain completions are excluded. Delivery exceptions are listed separately under Projects.
Completed projects assessed
8
within the rolling ten-year window
Median delay
+8.0 mo
the middle of 6 scored projects
Average delay
+8.7 mo
the same projects, pulled by the worst
Average time to deliver
3.4 yrs
start to completion, over 6 delivered projects
Worst slip
+24.0 mo
Olimpa Park Plus · +13.0 to +35.0
3
early or less than 6 months late
6 to 12 months late
2
yellow rows below
Over 12 months late
1
red rows below

Against other developers

6 date-assessed here · 31 developers, 83 date-assessed projects in Türkiye
Median delay
Fuzul GYO·31 developers in Türkiye
+8.0 mo vs +3.5 mo
this developer 4.5 mo worse
The typical project on each side.
Average delay
Fuzul GYO·31 developers in Türkiye
+8.7 mo vs +9.4 mo
this developer 0.7 mo better
Both pulled by their worst few.
On time
Fuzul GYO·31 developers in Türkiye
50% vs 53%
this developer 3 pts worse
Share of date-assessed projects delivered early or less than 6 months after the original target. Exactly 6 months late is excluded.
Average time to deliver
Fuzul GYO·31 developers in Türkiye
3.4 yrs vs 3.9 yrs
this developer 0.5 yrs faster
Start to completion, over 6 delivered here and 61 in the market.
The market here is Türkiye: every other developer whose head office is in the same country, because planning regimes and reporting norms move together within one. It is not a city, a sector or a size band. Read the two delay figures together. A median close to the market with a much better average means no single disaster; the reverse means one project is carrying the record. Time to deliver runs from the earliest start we hold to the completion itself — a construction start where a source gave one, otherwise a sales launch, otherwise the launch year read as its January. A handover the sources place only inside a year is read as that December, so a duration is the widest the record allows rather than the flattering end of it. Only delivered projects dated at both ends count, so it is taken over fewer projects than the delay figures, and a long build is not a fault: a tower is not a villa run. Sourced figures only, both sides, and values taken from documents held on file are excluded here — a developer who shares their records should not score better than one who does not.

Construction start to handover

8 of 8 projects dated · 1 place
Based on covered projects with documented construction or launch dates and available handover dates. Timelines vary by project and may not represent the developer’s full portfolio.
Construction start, or the launchTarget completion (window)Completion or handover, as reportedCurrently statedLaunch year only, no date publishedEarly or ≤6 mo lateOver 6–12 mo lateOver 12 mo lateStalled
İstanbul, Türkiye
2015201620172018201920202021202220232024202520262027todayİSTANBUL, TÜRKIYE+13.5 moestimatedon timeverified+10.5 moverifiedon timeverifiedcompleted, no target published+12 moverified+5.5 moverified+24 moverified
Click a row in the chart to open a project, or a table row below to see its sources. The chart runs wider than the page where the record spans many years — scroll it sideways to follow a project to its handover. Every date we have is drawn. A hollow marker is only a launch year, not a date anyone published. No dates published means we looked and found none; dates not yet checked means we have not looked yet. Handing over is not finished — rows say which. A delay is shown when one source gives the promised date and another gives the real one, however rough: "2019" still counts, and the row shows how wide that is. Projects missing one of the two dates, or with sources that disagree, are left out of the figures. 3 dated statements are held back: a broker listing with no date on it, or a page with no year, cannot fix a date.

Building & Livability Ratings

Resident experience

7 of 8 buildings rated · scale 1–10

AI research over published reviews and resident comments. Scores are a model’s reading of opinion, not figures stated on a page, and nothing here feeds any number above it. The links under each block are the pages that research says it used. Based on available resident reviews of covered buildings. These are reported experiences, not independent building inspections, and may not represent all residents or properties.

Overall verdict
7.8/ 10
Weighted judgment across build and operations · from 7 of 7 rated buildings
Little structure evidence (1 of 7 buildings) — this rests mainly on whole-building and living reviews.
Structure & systems
5.0/ 10
Fabric, services, waterproofing, envelope · from 1 of 7 rated buildings
Management & living
7.6/ 10
Upkeep, response times, amenities, community · from 7 of 7 rated buildings

Against other developers

7 rated here · 34 developers, 115 rated buildings in Türkiye
Overall rating
Fuzul GYO · 34 other developers in Türkiye
7.8 vs 7.3
this developer 0.5 better
The weighted verdict on each side. From 7 of 7 rated buildings here and 115 in the market.
Structure & systems
Fuzul GYO · 34 other developers in Türkiye
— vs 6.6
Too few buildings with this score here to compare (1 of 7)
Fabric and engineering only — fixed at handover. From 1 of 7 rated buildings here and 54 in the market.
Management & living
Fuzul GYO · 34 other developers in Türkiye
7.6 vs 7.1
this developer 0.5 better
Upkeep and response — belongs to whoever runs the building now. From 7 of 7 rated buildings here and 112 in the market.
The market here is Türkiye: every other developer whose head office is in the same country, because the review platforms residents use, and the service norms they judge against, move together within one. It is not a city, a sector or a price band. Read structure and living together. A developer above the market on structure and below it on living builds well and runs buildings badly, which is a fixable problem and a different one from building badly. Higher ratings are better; differences use the displayed scores rounded to one decimal. Rated buildings only, on both sides, and a structure or living score with no stated basis — no review count and no notes or links — is left out of both.

By building

7 rated · 1 not rated · scale 1–10
ProjectOverallStructure & systemsManagement & living
New Inn Hotel Old TownFatih, İstanbul47 units
9.4/ 10
—/ 10
8.8/ 10
Booking.com 9.8/10, 9.4/10, 9.5/10, 9.4/10, 9.3/10, 9.1/10, 9.6/10 · 316 reviews · booking.com
Tripadvisor 4.9/5, 5/5, 4.8/5 · 71 reviews · tripadvisor.com
Trip.com 9.5/10, 9.5/10, 9.5/10, 9.5/10 · 58 reviews · us.trip.com
Combined from 14 published figures on 3 platforms, weighted by review count, adjusted for where resident ratings usually fall and weighted toward the 6.5 midpoint where reviews are few: 8.8.

Google’s building-specific 4.8/5 from 526 reviews is the largest review base, converting to 9.4/10 under the requested curve and setting the level. The other guest platforms corroborate a very strong daily experience, while the reported minor complaints and recurring praise produce a restrained net adjustment to 9.2. No structure score is assigned because the reported evidence contains no structure-specific rating or engineering assessment.

+ New construction+ Well-maintained rooms+ Soundproof-room provision+ Air conditioning+ Elevator access
− Occasional street-noise exposure
Not found in sources: No recurring structural failure reported · No recurring plumbing failure reported · No recurring HVAC failure reported · No recurring electrical failure reported
+ Helpful staff+ Clean rooms+ Varied breakfast+ Fitness and sauna+ Central transport access
− Street noise− Limited breakfast variety on long stays− One cancellation complaint− Busy main-road setting− Some distance from major tourist sites

Published reviews describe the hotel as new, clean and well maintained: one reviewer wrote that “the hotel is new so it is very clean,” while another called the rooms “spotless and well-maintained.” The sources do not publish a building-fabric or engineering score and do not establish recurring leaks, plumbing, HVAC, electrical or lift failures; the available physical comments are guest observations rather than an engineering inspection.

Daily-life feedback is strongly positive: Booking.com records staff 9.8/10, facilities 9.4/10 and cleanliness 9.5/10, and guests wrote, “We didn’t expect such a warm staff and clean rooms” and “The staff goes above and beyond.” Counterpoints were limited: a reviewer described the hotel as being on a busy road, another said breakfast variety could improve on a long stay, and one Trip.com review alleged “no after-sales service” after cancellation.

Başakşehir Avrasya KonutlarıBaşakşehir, İstanbul453 units
8.2/ 10
—/ 10
8.2/ 10

En büyük yayımlanmış değerlendirme tabanı, bu binaya ilişkin 31 yorumdan oluşan 4.4/5 toplam puandır; verilen dönüşüm eğrisinde bu yaklaşık 8.2/10’a karşılık gelir. Okunan bireysel yorumlar olumlu ve olumsuz deneyimleri birlikte gösterse de hiçbir şikâyet birden fazla ayrı yorumda tekrarlanan tema olarak doğrulanmadı; bu nedenle ankora ek ayar yapılmadı. Yapısal sistemler için yayımlanmış puan veya yeterli teknik kanıt bulunmadığından structure null bırakıldı.

+ Yeni proje+ Yatay mimari+ Depreme karşı güvenli olarak tanıtılıyor+ Peyzaj alanları+ Kapalı-açık alanlar
− İşçilik kalitesi hakkında olumsuz yorum− Yapım/teslim süreciyle ilgili eski belirsizlik− Bağımsız teknik inceleme yok− Su tesisatı hakkında doğrulanmış veri yok− HVAC hakkında doğrulanmış veri yok
+ Kapalı otopark+ Yüzme havuzu+ Sosyal donatılar+ Yeni site+ Hastane ve metroya yakınlık
− Aidat artışı şikâyeti− Fiyat/ödeme eleştirisi− Yabancı acentelere tavsiye edilmeme− Yönetim algısında olumsuzluk− İşçilik memnuniyetsizliği

Yayınlanmış bağımsız teknik inceleme veya yapı sistemleri alt puanı bulunamadı; bu nedenle STRUCTURE puanı verilmedi. Okunan kullanıcı geri bildirimlerinden biri işçiliğin “hak ettiği kalitede değil” olduğunu söylüyor; bu tekil yorum, tekrarlayan bir yapısal kusur olarak sınıflandırılmadı. Proje tanıtımında yatay mimari ve depreme karşı güvenli açık-kapalı alanlar iddia ediliyor; bunlar pazarlama ifadeleri ve tamamlanma sonrası teknik doğrulama değil.

Günlük yaşam hakkında yayımlanmış yorumlar, kapalı otoparkı, havuzu ve sosyal donatıları olumlu bulan kullanıcılarla; site yönetiminin aidat artışını eleştiren kullanıcıların birlikte bulunduğu karma bir tablo çiziyor. Bir kullanıcı “Bu senede ... aidat zammı %45” diyerek yönetimi eleştirirken, başka bir kullanıcı “full sosyal donatı yüzme havuzu harika” diyor; bunlar farklı tarihlerde yayımlanmış bireysel değerlendirmelerdir ve tekrar eden tema eşiğini karşılamadıkları için skorda ayrıca ayarlanmadı.

Barbaros 48Beşiktaş, İstanbul48 units
7.5/ 10
—/ 10
7.5/ 10

Emlak Platformu's building-specific 4.4/5 rating from 5 reviews is the only published aggregate located and sets the level. Its conversion is 8.2/10, but the small review base requires the result to remain within one point of 6.5, yielding 7.5/10. No structural score is assigned because no published review evidence about fabric or systems was found.

no notes returned

no links returned

The only directly published review evidence located for the building is an overall 4.4/5 rating from 5 reviews, with no review text or aspect-level scores available to assess management, staff, security or upkeep. Project pages describe planned facilities including 24/7 security/camera monitoring, parking, an outdoor pool, fitness facilities, sauna and hammam, but these are developer or listing descriptions rather than resident feedback.

BaşakcityBaşakşehir, İstanbul52 units
7.5/ 10
—/ 10
7.5/ 10

The only building-specific rating located is Google Reviews/Maps at 4.7/5 from 3 reviews, which sets the level but is a very small evidence base. Applying the under-10-review rule limits the resident-experience score to 7.5; no structural score is assigned because no physical-condition review evidence was published.

no notes returned

no links returned

The available listing publishes a 4.7/5 aggregate from 3 reviews, but does not expose the underlying comments or operational feedback. Consequently, no evidence-based conclusion can be drawn about management speed, staff attitude, security, amenities, or common-area upkeep.

TEM AvrasyaGaziosmanpaşa, İstanbul612 units
7.3/ 10
5.0/ 10
7.3/ 10

Yandex Maps supplies the anchor: 4.2/5 from 42 ratings, converted to approximately 7.6/10. The score is adjusted downward for the reported water/drainage failure and slightly upward for repeated praise of the social facilities; the structural sub-score is lower because the only physical-condition evidence is a serious individual complaint, while the living score remains close to the aggregate rating.

+ Modern site design+ Indoor pool+ Outdoor pool+ Fitness facilities+ Walking paths
− Yellow tap water− Reported heavy-metal concern− Drain odours− Reported sewage backflow− Reported slow resolution
+ Indoor swimming pool+ Outdoor swimming pool+ Fitness area+ Children's park+ Walking path
− High reported dues− Extra maintenance charges reported− Neighbourhood criticism− Reported management delays− Reported common-area electricity charges

The available resident complaint reports yellow tap water, recurring heavy odours from kitchen and bathroom drains, and a case where the main building drain allegedly backed up into a ground-floor kitchen; the author says the problem had not been resolved despite repeated reports. This is one published complaint rather than a platform-wide engineering rating, so it is a serious but limited signal; Yandex provides no structural sub-score.

Yandex's published comments describe “indoor swimming pools” and “social areas,” and another reviewer mentions the indoor pool, fitness area, children's park and walking path. The operational picture is qualified by a June 2025 Şikayetvar complaint alleging high dues, extra charges and repeated unresolved maintenance issues; these are individual reports, not an aggregate management score.

Olimpa Park PlusBaşakşehir, İstanbul131 units
7.2/ 10
—/ 10
7.0/ 10

The largest published review base is the Google Reviews/Maps listing at 4/5 from 27 reviews, which converts to 7.0/10 under the specified curve. The smaller Yandex aggregate is also 4/5, and the visible written feedback is mostly positive but includes one serious unit-condition complaint; no recurring complaint theme was established, so no numerical adjustment was applied.

+ Advertised covered parking+ Advertised indoor pool+ Advertised sauna and steam room+ Advertised 24-hour security system
− Mould reported in one rented unit− Leaking toilet reported in one rented unit− Cleanliness failure reported in one rented unit
Not found in sources: No published structural rating sub-score · No independent engineering assessment found · No repeated structural complaint theme established
+ Convenient nearby shops and restaurants+ Pleasant views+ Quiet setting+ Advertised fitness and wellness facilities+ Advertised covered parking and security
− One severe cleanliness complaint− One mould complaint− One leaking-toilet complaint
Not found in sources: Limited review detail on management response · No published staff or management sub-score

The available building-specific material does not publish a structural or systems sub-score. One review reported that the rented unit had mould throughout, an unclean shower and “the toilet was leaking”; this is a serious individual maintenance report, but it was not repeated by another visible review, so no recurring structural theme is recorded.

Daily-life feedback is mostly favourable: one resident/short-term occupant wrote that the view was relaxing, the location was near bakeries and restaurants, and a small mall was about 100 metres away, while another called the place “very quiet and beautiful.” The counterexample described the rented home as “iğrençti” and “tek kelimeyle rezalet” (disgusting/“simply terrible”), with dirt, mould and a leaking toilet; the visible material does not establish that this was a recurring management problem.

Vadiyaka BaşakşehirBaşakşehir, İstanbul361 units
7.2/ 10
—/ 10
6.6/ 10

The largest published review base is the Google-linked building listing at 3.8/5 from four reviews, which converts to approximately 6.4/10 and is constrained by the small evidence base. ReviewEuro and Apple Maps/Foursquare are more favorable but have only two and one reviews respectively; the repeated praise for amenities and convenience supports a modest upward adjustment, while no structural score is assigned because no review-based structural rating or detailed physical-condition feedback was published.

+ Central heating mentioned+ Security infrastructure listed+ CCTV listed+ Generator and water systems listed+ Completed and occupied
+ Amenity-rich+ Security service+ Landscaped garden+ Family facilities+ Central location
− Small review base− One mixed area assessment− Population/community dislike
Not found in sources: No detailed management evidence · No recurring operational complaint

no notes returned

no links returned

The two ReviewEuro reviews describe a generally amenity-rich daily experience: one cites "merkezi ısıtma hizmeti ve güvenlik hizmeti" plus a garden, while the other calls the complex elegant and praises the pool, gym, Turkish bath and sauna. The same review set highlights nearby shops, pharmacies and a bus stop, but the Google-linked listing includes a mixed comment—"Popülasyonu sevmiyorum"—so community fit is not uniformly positive.

Only buildings that have reached handover are rated. 1 of 8 projects carries no rating: a building still under construction is never asked about, one that has just been handed over may not have been reached yet, and the rest were asked about and no published resident commentary was found. Structure is fixed at handover and stays the developer's; management and living belongs to whoever runs the building now. The overall verdict weights both rather than averaging them. None of this is checked: a rating is what people published about a building, aggregated — it is not evidence, it cannot move a delay figure, and it is not part of the delivery record above.

About

Company dossier

Legal name
Fuzul Gayrimenkul Yatırım Ortaklığı Anonim Şirketi
Headquarters
İkitelli OSB Mah. Süleyman Demirel Bulvarı Demirciler San. Sitesi N4/1B, Istanbul, Türkiye
Başakşehir
Founded
10.03.1992
Istanbul, TR
Entity type
PUBLIC LISTED
Revenue
TRY 1.33 billion annual revenue
01.01.2025–31.12.2025
Business model
offplan for sale, commercial, mixed use

Partners

4 partners
Emlak Konut Gayrimenkul Yatırım Ortaklığı A.Ş.
government partner

Fuzul's projects include revenue-sharing developments on Emlak Konut-owned land, including Başakşehir Avrasya and the Başakşehir Ayazma 4th Stage protocol.

T.C. Vakıflar Genel Müdürlüğü
landowner

Kent Evila was developed under a land-for-flats model on a 17,684.30-square-metre site owned by the Directorate General of Foundations.

Necat İnşaat
joint venture

Kent Evila was built through a Fuzul Yapı–Necat İnşaat partnership under a land-for-flats model.

Fuzul Tasarruf Finansman A.Ş.
joint venture

Fuzul Tasarruf Finansman participated with Fuzul GYO in the Fuzul&Fuzul joint venture for the Başakşehir Avrasya project.

Sources: name

FILINGdate not shown in source

Faaliyet Raporu

Fuzul GYO
Fuzul ... Emlak Konut Gayrimenkul Yatırım Ortaklığı A.Ş. ile hasılat paylaşımı modeliyle hayata geçirilecektir.
value seen: Emlak Konut Gayrimenkul Yatırım Ortaklığı A.Ş.
value paraphrased from this source
https://fuzulgyo.com.tr/assets/files/faaliyet-raporlari/Fuzul-GYO-Faaliyet-Raporu-31122025.pdf

Sources: partner type

FILINGdate not shown in source

Faaliyet Raporu

Fuzul GYO
Emlak Konut Gayrimenkul Yatırım Ortaklığı A.Ş. ile hasılat paylaşımı modeliyle hayata geçirilecektir.
value seen: hasılat paylaşımı modeli
no listed category matches this wording, so it is shown as the source wrote it
held out of the figures · no listed category matches this wording
value paraphrased from this source
https://fuzulgyo.com.tr/assets/files/faaliyet-raporlari/Fuzul-GYO-Faaliyet-Raporu-31122025.pdf

Sources: summary

COMPANY2025-09-04

Başakşehir Ayazma 4. Etap projesi için Emlak Konut GYO ile Fuzul GYO arasında protokol imzalandı

Fuzul Holding
Fuzul GYO ”Arsa Satışı Karşılığı Gelir Paylaşımı” yöntemi ile 22 bin 310 metrekarelik bir alanda inşa edeceği projeyle Başakşehir’de yeni bir yaşamın kapılarını aralayacak.
value seen: revenue-sharing developments on Emlak Konut-owned land
held out of the figures · the quote does not carry this value
value paraphrased from this source
https://fuzulholding.com/medya/haberler-duyurular/basaksehir-ayazma-4-etap-projesi-icin-emlak-konut-gyo-ile-fuzul-gyo-arasinda-protokol-imzalandi/

Sources: name

FILINGdate not shown in source

FUZUL GYO 2024 Activity Report

Fuzul GYO
Kent Evila Fuzul Yapı ve Necat İnşaat ortaklığı ile Tc. Vakıflar Genel Müdürlüğü mülkiyetinde bulunan 17.684,30 m² alanlı arsa üzerinde kat karşılığı modeliyle inşaa edilen bir projedir.
value seen: T.C. Vakıflar Genel Müdürlüğü
https://www.fuzulgyo.com.tr/assets/files/faaliyet-raporlari/Fuzul-GYO-Faaliyet-Raporu-31122024.pdf

Sources: partner type

FILINGdate not shown in source

FUZUL GYO 2024 Activity Report

Fuzul GYO
Tc. Vakıflar Genel Müdürlüğü mülkiyetinde bulunan 17.684,30 m² alanlı arsa üzerinde kat karşılığı modeliyle inşaa edilen bir projedir.
value seen: mülkiyetinde bulunan 17.684,30 m² alanlı arsa
no listed category matches this wording, so it is shown as the source wrote it
held out of the figures · no listed category matches this wording
value paraphrased from this source
https://www.fuzulgyo.com.tr/assets/files/faaliyet-raporlari/Fuzul-GYO-Faaliyet-Raporu-31122024.pdf

Sources: summary

FILINGdate not shown in source

FUZUL GYO 2024 Activity Report

Fuzul GYO
Kent Evila Fuzul Yapı ve Necat İnşaat ortaklığı ile Tc. Vakıflar Genel Müdürlüğü mülkiyetinde bulunan 17.684,30 m² alanlı arsa üzerinde kat karşılığı modeliyle inşaa edilen bir projedir.
value seen: Kent Evila
https://www.fuzulgyo.com.tr/assets/files/faaliyet-raporlari/Fuzul-GYO-Faaliyet-Raporu-31122024.pdf

Sources: name

FILINGdate not shown in source

FUZUL GYO 2024 Activity Report

Fuzul GYO
Kent Evila Fuzul Yapı ve Necat İnşaat ortaklığı ile Tc. Vakıflar Genel Müdürlüğü mülkiyetinde bulunan 17.684,30 m² alanlı arsa üzerinde kat karşılığı modeliyle inşaa edilen bir projedir.
value seen: Necat İnşaat
https://www.fuzulgyo.com.tr/assets/files/faaliyet-raporlari/Fuzul-GYO-Faaliyet-Raporu-31122024.pdf

Sources: partner type

FILINGdate not shown in source

FUZUL GYO 2024 Activity Report

Fuzul GYO
Fuzul Yapı ve Necat İnşaat ortaklığı ile
value seen: Fuzul Yapı ve Necat İnşaat ortaklığı
no listed category matches this wording, so it is shown as the source wrote it
held out of the figures · no listed category matches this wording
value paraphrased from this source
https://www.fuzulgyo.com.tr/assets/files/faaliyet-raporlari/Fuzul-GYO-Faaliyet-Raporu-31122024.pdf

Sources: summary

FILINGdate not shown in source

FUZUL GYO 2024 Activity Report

Fuzul GYO
Kent Evila Fuzul Yapı ve Necat İnşaat ortaklığı ile Tc. Vakıflar Genel Müdürlüğü mülkiyetinde bulunan 17.684,30 m² alanlı arsa üzerinde kat karşılığı modeliyle inşaa edilen bir projedir.
value seen: Fuzul Yapı ve Necat İnşaat ortaklığı
value paraphrased from this source
https://www.fuzulgyo.com.tr/assets/files/faaliyet-raporlari/Fuzul-GYO-Faaliyet-Raporu-31122024.pdf

Sources: name

FILINGdate not shown in source

2025 Consolidated Financial Report

Fuzul GYO
Fuzul&Fuzul İş Ortaklığı, Emlak Konut Gayrimenkul Yatırım Ortaklığı A.Ş.’nin sahibi olduğu ... işi ... Şirket ile Fuzul Tasarruf Finansman A.Ş. ... arasında 05.02.2020 tarihinde kurulmuştur.
value seen: Fuzul Tasarruf Finansman A.Ş.
https://fuzulgyo.com.tr/assets/files/finansal-raporlar/Fuzul-GYO-31122025-Konsolide-Finansal-Rapor.pdf

Sources: partner type

FILINGdate not shown in source

2025 Consolidated Financial Report

Fuzul GYO
Fuzul&Fuzul İş Ortaklığı ... Şirket ile Fuzul Tasarruf Finansman A.Ş. ... arasında 05.02.2020 tarihinde kurulmuştur.
value seen: İş Ortaklığı
no listed category matches this wording, so it is shown as the source wrote it
held out of the figures · no listed category matches this wording
value paraphrased from this source
https://fuzulgyo.com.tr/assets/files/finansal-raporlar/Fuzul-GYO-31122025-Konsolide-Finansal-Rapor.pdf

Sources: summary

FILINGdate not shown in source

2025 Consolidated Financial Report

Fuzul GYO
Emlak Konut Gayrimenkul Yatırım Ortaklığı A.Ş.’nin sahibi olduğu ... Başakşehir Avrasya Projesi ... Şirket ile Fuzul Tasarruf Finansman A.Ş. ... arasında 05.02.2020 tarihinde kurulmuştur.
value seen: Başakşehir Avrasya
value paraphrased from this source
https://fuzulgyo.com.tr/assets/files/finansal-raporlar/Fuzul-GYO-31122025-Konsolide-Finansal-Rapor.pdf

Registrations & licences

COMPANY NUMBER285134-0
Istanbul Trade Registry Office · TR · Active listed operating company
Jurisdiction-agnostic: a DLD number, a Companies House number and a state RERA registration all land in the same table.

Contact

Markets

1 countries
Türkiyeactive 8 projects tracked

What they build

3 types
Residential, for sale7 of 8
Retail7 of 8
Hotel1 of 8
A project counts once under each type it carries, so the shares add to more than the project count.

Management

Principals & executives

6 names found
MA
Mahmut Akbal
Mahmut Akbal is Fuzul GYO’s board chairman and the founder of Fuzul Otomotiv, which the company describes as the foundation of the family business. The official profile says he also chairs Fuzul Holding and holds board responsibilities across its subsidiaries, giving him the clearest ownership-and-control profile among the documented principals.
Current title
Chairman of the Board
Experience
no career length stated
Companies before
Fuzul Otomotiv
Education
not published
Other boards
Fuzul Holding — Chairman of the BoardFuzul Holding subsidiaries — board roles
Known for
FounderChairmanFuzul Holding chair
since 30.09.2025-30.09.2028

Sources: other boards

COMPANYdate not shown in source

Yönetim Kurulu | Fuzul GYO

Fuzul GYO
Mahmut Akbal, bu İzahname tarihi itibarıyla Fuzul Holding’te Yönetim Kurulu Başkanlığı görevini ve Fuzul Holding iştiraklerinin Yönetim Kurulları’nda sahip olduğu çeşitli görevleri yürütmektedir.
value seen: Fuzul Holding’te Yönetim Kurulu Başkanlığı görevini ve Fuzul Holding iştiraklerinin Yönetim Kurulları’nda sahip olduğu çeşitli görevleri yürütmektedir
value paraphrased from this source
https://www.fuzulgyo.com.tr/yonetim-kurulu

Sources: previous companies

COMPANYdate not shown in source

Yönetim Kurulu | Fuzul GYO

Fuzul GYO
1992 yılında Fuzul Otomotiv’i kurarak aile şirketinin temellerini atan Mahmut Akbal
value seen: Fuzul Otomotiv
value paraphrased from this source
https://www.fuzulgyo.com.tr/yonetim-kurulu

Sources: since

COMPANYdate not shown in source

Faaliyet Raporu

Fuzul GYO
Mahmut Akbal Yönetim Kurulu Başkanı 30.09.2025-30.09.2028
value seen: 30.09.2025-30.09.2028
https://fuzulgyo.com.tr/assets/files/faaliyet-raporlari/Fuzul-GYO-Faaliyet-Raporu-30062026.pdf

Sources: summary

COMPANYdate not shown in source

Yönetim Kurulu | Fuzul GYO

Fuzul GYO
1992 yılında Fuzul Otomotiv’i kurarak aile şirketinin temellerini atan Mahmut Akbal, sektörde edindiği bilgi birikimini ve tecrübesini kardeşleriyle birlikte yatırımlara dönüştürdü.
value seen: 1992 yılında Fuzul Otomotiv’i kurarak aile şirketinin temellerini atan Mahmut Akbal
value paraphrased from this source
https://www.fuzulgyo.com.tr/yonetim-kurulu

Sources: tags

COMPANYdate not shown in source

Yönetim Kurulu | Fuzul GYO

Fuzul GYO
1992 yılında Fuzul Otomotiv’i kurarak aile şirketinin temellerini atan Mahmut Akbal, sektörde edindiği bilgi birikimini ve tecrübesini kardeşleriyle birlikte yatırımlara dönüştürdü.
value seen: 1992 yılında Fuzul Otomotiv’i kurarak aile şirketinin temellerini atan Mahmut Akbal
value paraphrased from this source
https://www.fuzulgyo.com.tr/yonetim-kurulu

Sources: title

COMPANYdate not shown in source

Faaliyet Raporu

Fuzul GYO
Mahmut Akbal Yönetim Kurulu Başkanı 30.09.2025-30.09.2028
value seen: Mahmut Akbal Yönetim Kurulu Başkanı
https://fuzulgyo.com.tr/assets/files/faaliyet-raporlari/Fuzul-GYO-Faaliyet-Raporu-30062026.pdf
ZA
Zeki Akbal
Zeki Akbal is Fuzul GYO’s vice chairman and a senior member of the founding family. Independent biographical material says he studied business at the University of Basel, entered business in Switzerland, and returned to Istanbul when Fuzul Otomotiv was established in 1992; the company says he applies that overseas commercial experience across Fuzul Holding companies.
Current title
Vice Chairman of the Board
Experience
no career length stated
Companies before
Swiss commercial businessesFuzul Otomotiv
Education
University of BaselBusiness (one year)
Other boards
Fuzul Holding — Vice Chairman of the BoardFuzul Oto — Chairman of the Board
Known for
Vice chairmanFounding familyFuzul Holding boardUniversity of Basel
https://linkedin.com/in/zeki-akbal-3679b821
since 30.09.2025-30.09.2028

Sources: education

OTHERdate not shown in source

Konutder

Konutder
Basel Üniversitesi İşletme Bölümü’nde bir yıl okudu
value seen: Basel Üniversitesi İşletme Bölümü’nde bir yıl okudu
value paraphrased from this source
https://konutder.org.tr/yonetim-kurulu/28/zeki-akbal

Sources: linkedin page

SOCIAL2026-08-13

zeki Akbal

LinkedIn
Owner, FUZUL holding
value seen: https://linkedin.com/in/zeki-akbal-3679b821
https://linkedin.com/in/zeki-akbal-3679b821

Sources: other boards

OTHERdate not shown in source

Konutder

Konutder
Halen Fuzul Grup Yönetim Kurulu Başkan Yardımcısı ve Fuzul Oto Yönetim Kurulu Başkanlığı görevlerini yürütmektedir.
value seen: Fuzul Grup Yönetim Kurulu Başkan Yardımcısı ve Fuzul Oto Yönetim Kurulu Başkanlığı
value paraphrased from this source
https://konutder.org.tr/yonetim-kurulu/28/zeki-akbal

Sources: previous companies

COMPANYdate not shown in source

Yönetim Kurulu | Fuzul GYO

Fuzul GYO
ZEKİ AKBAL YÖNETİM KURULU BAŞKAN YARDIMCISI
value seen: Fuzul Otomotiv
held out of the figures · the quote does not carry this value
value paraphrased from this source
https://www.fuzulgyo.com.tr/yonetim-kurulu

Sources: since

COMPANYdate not shown in source

Faaliyet Raporu

Fuzul GYO
Zeki Akbal Yönetim Kurulu Başkan Vekili 30.09.2025-30.09.2028
value seen: 30.09.2025-30.09.2028
https://fuzulgyo.com.tr/assets/files/faaliyet-raporlari/Fuzul-GYO-Faaliyet-Raporu-30062026.pdf

Sources: summary

OTHERdate not shown in source

Konutder

Konutder
1992 yılında Fuzul Otomotiv’in kurulması ile İstanbul’a döndü. Halen Fuzul Grup Yönetim Kurulu Başkan Yardımcısı ve Fuzul Oto Yönetim Kurulu Başkanlığı görevlerini yürütmektedir.
value seen: 1992 yılında Fuzul Otomotiv’in kurulması ile İstanbul’a döndü
value paraphrased from this source
https://konutder.org.tr/yonetim-kurulu/28/zeki-akbal

Sources: tags

OTHERdate not shown in source

Konutder

Konutder
Basel Üniversitesi İşletme Bölümü’nde bir yıl okudu ... 1992 yılında Fuzul Otomotiv’in kurulması ile İstanbul’a döndü.
value seen: Basel Üniversitesi İşletme Bölümü’nde bir yıl okudu
value paraphrased from this source
https://konutder.org.tr/yonetim-kurulu/28/zeki-akbal

Sources: title

COMPANYdate not shown in source

Faaliyet Raporu

Fuzul GYO
Zeki Akbal Yönetim Kurulu Başkan Vekili 30.09.2025-30.09.2028
value seen: Zeki Akbal Yönetim Kurulu Başkan Vekili
https://fuzulgyo.com.tr/assets/files/faaliyet-raporlari/Fuzul-GYO-Faaliyet-Raporu-30062026.pdf
MZ
Mehmet Zahit Akbal
Mehmet Zahit Akbal is an executive board member with a real-estate-development background inside the Fuzul group. The company describes his involvement in business development, marketing and site-management processes across new and ongoing projects; it also records his architecture and international-business education and continuing doctoral work in urban transformation.
Current title
Board Member
Experience
no career length stated
Companies before
Fuzul Holding real-estate development subsidiary
Education
İstanbul Aydın UniversityBachelor’s degree, Interior Architecture
Regent’s University LondonThesis-based master’s degree, International Business
İzmir Kâtip Çelebi UniversityDoctoral studies, Urban Transformation
Other boards
Fuzul Yenilenebilir Enerji A.Ş. — Chairman of the BoardFuzul Tech Ventures Teknoloji Yatırım A.Ş. — Board MemberNevita Gayrimenkul Yatırım Danışmanlık A.Ş. — Board MemberMez Restoran ve Gıda A.Ş. — Board MemberMez Satınalma Reklam ve Danışmanlık A.Ş. — Board Member
Known for
Real-estate developmentInterior architectureInternational business MScUrban transformation PhD
https://tr.linkedin.com/in/zahit-akbal
since 30.09.2025-30.09.2028

Sources: education

COMPANYdate not shown in source

Yönetim Kurulu | Fuzul GYO

Fuzul GYO
İstanbul Aydın Üniversitesi Mimarlık ve Tasarım Fakültesi İç Mimarlık Bölümü’nden lisans derecesiyle mezun olmuştur. ... Regent’s University London’da Uluslararası İşletme alanında tezli yüksek lisansını tamamlamıştır.
value seen: İstanbul Aydın Üniversitesi Mimarlık ve Tasarım Fakültesi İç Mimarlık Bölümü’nden lisans derecesiyle mezun olmuştur; Regent’s University London’da Uluslararası İşletme alanında tezli yüksek lisansını tamamlamıştır
value paraphrased from this source
https://www.fuzulgyo.com.tr/yonetim-kurulu

Sources: linkedin page

SOCIAL2026-10-04

Zahit A. - Fuzul Holding | LinkedIn

LinkedIn
I am operating in the real estate development section of the company.
value seen: https://tr.linkedin.com/in/zahit-akbal
https://tr.linkedin.com/in/zahit-akbal

Sources: other boards

COMPANYdate not shown in source

Yönetim Kurulu | Fuzul GYO

Fuzul GYO
Halihazırda Fuzul Yenilenebilir Enerji A.Ş. Yönetim Kurulu Başkanı olarak görev yapmakta olup, aynı zamanda Fuzul GYO A.Ş. ve Fuzul Tech Ventures Teknoloji Yatırım A.Ş. şirketlerinde Yönetim Kurulu Üyesi olarak görevine devam etmektedir.
value seen: Fuzul Yenilenebilir Enerji A.Ş. Yönetim Kurulu Başkanı; Fuzul Tech Ventures Teknoloji Yatırım A.Ş. şirketlerinde Yönetim Kurulu Üyesi
held out of the figures · the quote does not carry this value
value paraphrased from this source
https://www.fuzulgyo.com.tr/yonetim-kurulu

Sources: since

COMPANYdate not shown in source

Faaliyet Raporu

Fuzul GYO
Mehmet Zahit Akbal Yönetim Kurulu Üyesi 30.09.2025-30.09.2028
value seen: 30.09.2025-30.09.2028
https://fuzulgyo.com.tr/assets/files/faaliyet-raporlari/Fuzul-GYO-Faaliyet-Raporu-30062026.pdf

Sources: summary

COMPANYdate not shown in source

Yönetim Kurulu | Fuzul GYO

Fuzul GYO
Fuzul Holding bünyesine katılarak grup şirketlerinden biri olan gayrimenkul geliştirme iştirakinde yönetici olarak görev almış, bu süreçte birçok yeni ve devam eden projenin iş geliştirme, pazarlama ve şantiye yönetimi süreçlerinde aktif rol üstlenmiştir.
value seen: Fuzul Holding bünyesine katılarak grup şirketlerinden biri olan gayrimenkul geliştirme iştirakinde yönetici olarak görev almış
value paraphrased from this source
https://www.fuzulgyo.com.tr/yonetim-kurulu

Sources: tags

COMPANYdate not shown in source

Yönetim Kurulu | Fuzul GYO

Fuzul GYO
İstanbul Aydın Üniversitesi Mimarlık ve Tasarım Fakültesi İç Mimarlık Bölümü’nden lisans derecesiyle mezun olmuştur. ... Regent’s University London’da Uluslararası İşletme alanında tezli yüksek lisansını tamamlamıştır.
value seen: İç Mimarlık Bölümü’nden lisans derecesiyle mezun olmuştur; ... Uluslararası İşletme alanında tezli yüksek lisansını tamamlamıştır
held out of the figures · the quote does not carry this value
value paraphrased from this source
https://www.fuzulgyo.com.tr/yonetim-kurulu

Sources: title

COMPANYdate not shown in source

Faaliyet Raporu

Fuzul GYO
Mehmet Zahit Akbal Yönetim Kurulu Üyesi 30.09.2025-30.09.2028
value seen: Mehmet Zahit Akbal Yönetim Kurulu Üyesi
https://fuzulgyo.com.tr/assets/files/faaliyet-raporlari/Fuzul-GYO-Faaliyet-Raporu-30062026.pdf
MA
Murat Altay
Murat Altay is a finance and governance executive who joined Fuzul Group in 2016 and served as Fuzul GYO’s general manager from 30.09.2022 to 30.09.2025 before moving to the board. His documented track record includes audit, financial-affairs leadership and the conversion and public offering of Biskon Yapı into a REIT, making him the board’s clearest finance specialist.
Current title
Board Member
Experience
no career length stated
Companies before
İrfan Yeminli Mali Müşavirlik A.Ş.Aydınlı GrupAydınlık Giyim A.Ş.Biskon Yapı A.Ş. (Kiler Holding)Kahramanmaraş Kağıt A.Ş.Kiler Holding Construction Group
Education
Atatürk University, Faculty of Economics and Administrative SciencesEconomics
Other boards
Fuzul Holding — Head of Financial AffairsFuzul Holding subsidiaries — Board Member
Known for
Finance specialistFormer general managerREIT IPO experienceCertified public accountant
since 30.09.2025-30.09.2028

Sources: education

COMPANY2021-06-15

Board Member, Murat Altay | Nevita ®

Nevita
Murat Altay graduated from Atatürk University, Faculty of Economics and Administrative Sciences, Department of Economics.
value seen: Atatürk University, Faculty of Economics and Administrative Sciences, Department of Economics
https://www.nevitaint.com/murat-altay/

Sources: other boards

COMPANYdate not shown in source

Yönetim Kurulu | Fuzul GYO

Fuzul GYO
30.09.2025 tarihinden itibaren Fuzul Holding Mali İşler Başkanlığı ve Fuzul GYO’da Yönetim Kurulu Üyeliği görevlerine atanmıştır. Ayrıca Fuzul Holding iştiraklerinde de “Yönetim Kurulu Üyesi” görevleri bulunmaktadır.
value seen: Fuzul Holding Mali İşler Başkanlığı ve Fuzul GYO’da Yönetim Kurulu Üyeliği ... Fuzul Holding iştiraklerinde ... Yönetim Kurulu Üyesi
held out of the figures · the quote does not carry this value
value paraphrased from this source
https://www.fuzulgyo.com.tr/yonetim-kurulu

Sources: previous companies

COMPANYdate not shown in source

Yönetim Kurulu | Fuzul GYO

Fuzul GYO
1999 yılında İrfan Yeminli Mali Müşavirlik A.Ş.’de Denetçi Yardımcısı olarak başladı ... 2003-2004 yıllarında Aydınlı Grup’ta, 2004-2005 yıllarında ise Aydınlık Giyim A.Ş.’de İç Denetim ve Kontrol Müdürü olarak görev yapmıştır. 2005 yılında ... Biskon Yapı A.Ş.’de Mali İşler Müdürü ... Daha sonra Kahramanmaraş Kağıt A.Ş. ... 2012 yılında Kiler Holding İnşaat Grubunda Mali İşler Koordinatörü olarak göreve başlamıştır.
value seen: İrfan Yeminli Mali Müşavirlik A.Ş.; Aydınlı Grup; Aydınlık Giyim A.Ş.; Biskon Yapı A.Ş.; Kahramanmaraş Kağıt A.Ş.; Kiler Holding Construction Group
held out of the figures · the quote does not carry this value
value paraphrased from this source
https://www.fuzulgyo.com.tr/yonetim-kurulu

Sources: since

COMPANYdate not shown in source

Faaliyet Raporu

Fuzul GYO
Murat Altay Yönetim Kurulu Üyesi 30.09.2025-30.09.2028
value seen: 30.09.2025-30.09.2028
https://fuzulgyo.com.tr/assets/files/faaliyet-raporlari/Fuzul-GYO-Faaliyet-Raporu-30062026.pdf

Sources: summary

COMPANYdate not shown in source

Yönetim Kurulu | Fuzul GYO

Fuzul GYO
2016 yılında Fuzul Holding Grup bünyesinde Mali İşler Koordinatörü olarak göreve başlamıştır. ... 30.09.2022 – 30.09.2025 tarihleri arasında Fuzul GYO’da Genel Müdür olarak görev almıştır. 30.09.2025 tarihinden itibaren Fuzul Holding Mali İşler Başkanlığı ve Fuzul GYO’da Yönetim Kurulu Üyeliği görevlerine atanmıştır.
value seen: 30.09.2022 – 30.09.2025 tarihleri arasında Fuzul GYO’da Genel Müdür olarak görev almıştır
value paraphrased from this source
https://www.fuzulgyo.com.tr/yonetim-kurulu

Sources: tags

COMPANY2021-06-15

Board Member, Murat Altay | Nevita ®

Nevita
He carried out the process of transforming Biskon Yapı A.Ş. into a Real Estate Investment Trust in 2008 and the public offering of the same company in 2011 as the project manager.
value seen: firmanın Gayrimenkul Yatırım Ortaklığına dönüşüm ve halka arz sürecini proje yöneticisi olarak yürütmüştür
held out of the figures · the quote does not carry this value
value paraphrased from this source
https://www.nevitaint.com/murat-altay/

Sources: title

COMPANYdate not shown in source

Faaliyet Raporu

Fuzul GYO
Murat Altay Yönetim Kurulu Üyesi 30.09.2025-30.09.2028
value seen: Murat Altay Yönetim Kurulu Üyesi
https://fuzulgyo.com.tr/assets/files/faaliyet-raporlari/Fuzul-GYO-Faaliyet-Raporu-30062026.pdf
FA
Fatma Ayanoğlu
Fatma Ayanoğlu is a non-executive independent director and an academician. KAP identifies her as chair of both the audit committee and the early-risk-detection committee; a catalogued Marmara University thesis identifies her as the author of a 2002 master’s thesis in business administration.
Current title
Independent Board Member
Experience
no career length stated
Companies before
none sourced
Education
Marmara UniversityMaster’s, Business Administration
Other boards
none sourced
Known for
Independent directorAcademicianAudit committee chairRisk committee chair
https://linkedin.com/in/prof-dr-fatma-ayano%C4%9Flu-a0a43a44
since 30.09.2025-30.09.2028

Sources: education

OTHER2002-06-15

İletişim ve örgütsel iletişimin işgören verimliliği açısından değerlendirilmesi | Tezler | Tezara

Tezara
Yazar: FATMA AYANOĞLU ... Tez Türü: Yüksek Lisans ... Üniversite: Marmara Üniversitesi ... Ana Bilim Dalı: İşletme Ana Bilim Dalı
value seen: Marmara Üniversitesi ... Yüksek Lisans
held out of the figures · the quote does not carry this value
https://tezara.org/theses/110987

Sources: linkedin page

SOCIAL2026-10-05

Prof. Dr. Fatma AYANOĞLU

LinkedIn
Prof. Dr. Fatma AYANOĞLU
value seen: https://linkedin.com/in/prof-dr-fatma-ayano%C4%9Flu-a0a43a44
https://linkedin.com/in/prof-dr-fatma-ayano%C4%9Flu-a0a43a44

Sources: since

COMPANYdate not shown in source

Faaliyet Raporu

Fuzul GYO
Fatma Ayanoğlu Bağımsız Yönetim Kurulu Üyesi 30.09.2025-30.09.2028
value seen: 30.09.2025-30.09.2028
https://fuzulgyo.com.tr/assets/files/faaliyet-raporlari/Fuzul-GYO-Faaliyet-Raporu-30062026.pdf

Sources: summary

REGULATORdate not shown in source

KAP

Public Disclosure Platform (KAP) · carried by kap.org.tr
FATMA AYANOĞLU | Kadın | Yönetim Kurulu Üyesi | Akademisyen | 01/08/2024 | İcrada Görevli Değil | ... | Bağımsız Üye
value seen: FATMA AYANOĞLU ... Akademisyen ... Bağımsız Üye
held out of the figures · the quote does not carry this value
value paraphrased from this source
https://kap.org.tr/tr/sirket-bilgileri/genel/5840-fuzul-gayrimenkul-yatirim-ortakligi-a-s

Sources: tags

REGULATORdate not shown in source

KAP

Public Disclosure Platform (KAP) · carried by kap.org.tr
Denetimden Sorumlu Komite Başkanı, Riskin Erken Saptanması Komitesi Başkanı
value seen: Denetimden Sorumlu Komite Başkanı, Riskin Erken Saptanması Komitesi Başkanı
value paraphrased from this source
https://kap.org.tr/tr/sirket-bilgileri/genel/5840-fuzul-gayrimenkul-yatirim-ortakligi-a-s

Sources: title

REGULATORdate not shown in source

KAP

Public Disclosure Platform (KAP) · carried by kap.org.tr
FATMA AYANOĞLU | Kadın | Yönetim Kurulu Üyesi | Akademisyen | 01/08/2024 | İcrada Görevli Değil | ... | Bağımsız Üye
value seen: Fatma Ayanoğlu Bağımsız Yönetim Kurulu Üyesi
held out of the figures · the quote does not carry this value
https://kap.org.tr/tr/sirket-bilgileri/genel/5840-fuzul-gayrimenkul-yatirim-ortakligi-a-s
MB
Mehmet Bahadır Kaleağası
Mehmet Bahadır Kaleağası is an independent director with a substantial international-policy, business-association and academic background. His professional biography identifies him as president of the Paris Bosphorus Institute and a Galatasaray University lecturer, and records senior TÜSİAD, European business and research roles; KAP identifies him as chair of Fuzul GYO’s corporate-governance committee and a member of its audit committee.
Current title
Independent Board Member
Experience
no career length stated
Companies before
TÜSİADUniversity of BrusselsEuropean Commission Forward Studies Unit
Education
Brussels UniversityInternational relations and European studies
Istanbul University
Harvard UniversityVisiting researcher
Georgetown UniversityVisiting researcher
Hebrew University of JerusalemVisiting researcher
Other boards
Institut du Bosphore — PresidentBrussels Energy Club — Honorary ChairmanArgüden Governance Academy — Board MemberEuropean Council on Foreign Relations — MemberAtlantic Council — MemberGlobal Relations Forum — Member
Known for
Independent directorParis Bosphorus Institute presidentGalatasaray University lecturerFormer TÜSİAD secretary generalInternational strategy
https://linkedin.com/in/kaleagasi
since 30.09.2025-30.09.2028

Sources: education

OTHERdate not shown in source

Dr. Bahadır Kaleağası - Argüden Governance Academy

Argüden Governance Academy
Graduate of Brussels and Istanbul Universities
value seen: Graduate of Brussels and Istanbul Universities
value paraphrased from this source
https://argudenacademy.org/en/about-us/board-of-directors/dr-bahadir-kaleagasi

Sources: linkedin page

SOCIAL2026-09-08

Bahadır Kaleağası

LinkedIn
President, Paris Bosphorus Institute | Board Member & Strategic Advisor | Lecturer, Galatasaray University
value seen: https://linkedin.com/in/kaleagasi
https://linkedin.com/in/kaleagasi

Sources: other boards

OTHERdate not shown in source

Dr. Bahadır Kaleağası - Argüden Governance Academy

Argüden Governance Academy
Dr. Bahadır Kaleağası is the President of the Bosphorus Institute (Paris – Istanbul). He is also the Honorary Chairman of the Brussels Energy Club ... a board member in several institutions
value seen: President of the Bosphorus Institute; Honorary Chairman of the Brussels Energy Club; board member in several institutions
held out of the figures · the quote does not carry this value
value paraphrased from this source
https://argudenacademy.org/en/about-us/board-of-directors/dr-bahadir-kaleagasi

Sources: previous companies

OTHERdate not shown in source

Dr. Bahadır Kaleağası - Argüden Governance Academy

Argüden Governance Academy
He was a researcher and lecturer in the Center for International & Strategic Studies and the Institute for European Studies of the University of Brussels ... rapporteur for projects of the European Commission’s Forward Studies Unit ... before joining TÜSİAD in 1995 as EU Representative in Brussels
value seen: TÜSİAD; University of Brussels; European Commission Forward Studies Unit
held out of the figures · the quote does not carry this value
value paraphrased from this source
https://argudenacademy.org/en/about-us/board-of-directors/dr-bahadir-kaleagasi

Sources: since

COMPANYdate not shown in source

Faaliyet Raporu

Fuzul GYO
Mehmet Bahadır Kaleağası Bağımsız Yönetim Kurulu Üyesi 30.09.2025-30.09.2028
value seen: 30.09.2025-30.09.2028
https://fuzulgyo.com.tr/assets/files/faaliyet-raporlari/Fuzul-GYO-Faaliyet-Raporu-30062026.pdf

Sources: summary

OTHERdate not shown in source

Dr. Bahadır Kaleağası - Argüden Governance Academy

Argüden Governance Academy
Dr. Bahadır Kaleağası is the President of the Bosphorus Institute (Paris – Istanbul). He is also ... a board member in several institutions ... Graduate of Brussels and Istanbul Universities ... He ... served as Board member and CEO of TÜSİAD between 2016 and 2020
value seen: President of the Bosphorus Institute ... lecturer at Galatasaray University ... TÜSİAD
held out of the figures · the quote does not carry this value
value paraphrased from this source
https://argudenacademy.org/en/about-us/board-of-directors/dr-bahadir-kaleagasi

Sources: tags

OTHERdate not shown in source

Dr. Bahadır Kaleağası - Argüden Governance Academy

Argüden Governance Academy
Dr. Bahadır Kaleağası is the President of the Bosphorus Institute (Paris – Istanbul). ... lecturer at Galatasaray University ... served as Board member and CEO of TÜSİAD between 2016 and 2020
value seen: President of the Bosphorus Institute; lecturer at Galatasaray University; Board member and CEO of TÜSİAD between 2016 and 2020
value paraphrased from this source
https://argudenacademy.org/en/about-us/board-of-directors/dr-bahadir-kaleagasi

Sources: title

COMPANYdate not shown in source

Faaliyet Raporu

Fuzul GYO
Mehmet Bahadır Kaleağası Bağımsız Yönetim Kurulu Üyesi 30.09.2025-30.09.2028
value seen: Mehmet Bahadır Kaleağası Bağımsız Yönetim Kurulu Üyesi
https://fuzulgyo.com.tr/assets/files/faaliyet-raporlari/Fuzul-GYO-Faaliyet-Raporu-30062026.pdf

Projects

Assessment coverage

Completed projects: 2016-10-16 through 2026-10-16. Initial research is capped at 10 completed projects and a separate delivery-risk search capped at 7 findings. Risk findings are not project assessment counts. Absence is not proof of a complete portfolio or no failures. Month-level dates overlapping a boundary are excluded from figures.

0 undated completions and 0 boundary-uncertain completions are retained but excluded from figures.

Stalled, cancelled & overdue projects

0 evidenced cases
The capped delivery-risk search ran; no project-level exception cases are recorded here. Risk findings are listed under Risks and are separate from assessed projects. This does not establish that the developer has no delivery failures.

Completed projects

8 projects
ProjectLocationTypeUnitsFloorsAreaCostPayment planLaunchedConstruction startOriginal targetHandoverDelayConfidenceStatus
Başakşehir Avrasya Konutları 2İstanbul, Türkiye
Başakşehir
residential for sale, retail4101—71,180.71 m²—50%DP - 36 Months12022Aralık 2022Jan 2025 – Dec 2025Aug 2026+13.5 mo
(+8.0 to +19.0)
estimatedcompleted
Barbaros 48İstanbul, Türkiye
Beşiktaş
residential for sale, retail4811618,291.19 m²—50%/50%12022Kasım 2022Jan 2025 – Dec 2025Jan 2025 – Dec 20250.0 mo
(−11.0 to +11.0)
sourcedcompleted
Başakşehir Avrasya Konutlarıİstanbul, Türkiye
Başakşehir
residential for sale, retail4531———15% peşinat, kalan tutar 24 ay vade ve %0 faiz1202019 Haziran 2020Jan 2023 – Dec 2023May 2024+10.5 mo
(+5.0 to +16.0)
sourcedcompleted
New Inn Hotel Old Townİstanbul, Türkiye
Fatih
hotel471—3,354.81 m²——2022Temmuz 2022Jan 2024 – Dec 2024Jan 2024 – Dec 20240.0 mo
(−11.0 to +11.0)
sourcedcompleted
Başakcityİstanbul, Türkiye
Başakşehir
residential for sale, retail521—8,959.54 m²——2017Ekim 2017—Jun 2020—not scorablecompleted
TEM Avrasyaİstanbul, Türkiye
Gaziosmanpaşa
residential for sale, retail612117 ve 18——30/701201709-May-2017Jan 2019 – Dec 2019Jan 2020 – Dec 2020+12.0 mo
(+1.0 to +23.0)
sourcedcompleted
Vadiyaka Başakşehirİstanbul, Türkiye
Başakşehir
residential for sale, retail3611—79,201 m²TL 300m
investment announced
yüzde 40 peşinatla, firma bünyesinde 12 ay sıfır faizle taksitli ödemeler1201515 Eylül 2015Jan 2017 – Dec 2017Dec 2017+5.5 mo
(0.0 to +11.0)
sourcedcompleted
Olimpa Park Plusİstanbul, Türkiye
Başakşehir
residential for sale, retail1311———Yüzde 30 peşinde 36 ay / Yüzde 40 peşinde 48 ay / Yüzde 50 peşinde 60 ay faizsiz vade12015Haziran 2015Jan 2015 – Dec 2015Jan 2017 – Dec 2017+24.0 mo
(+13.0 to +35.0)
sourcedcompleted
Click any row for the sources behind it. Cost basis matters: an estimated cost, a construction loan and a sale price are different numbers. Each row states which one it is, so they are never averaged together.

Awards

Awards & recognition

4 found
RANKING Ranked 7 December 2017 (reported; award event held 5 December 2017)
Real Estate Stars – Turkey’s Top 10 Companies by Housing Sales (turnover), 2016
Fuzul Group was ranked 9th among Turkey’s ten companies with the highest housing-sales turnover in 2016.
Capital and Ekonomist magazines; supported by GYODER and the Turkish Contractors’ Association · https://www.insaatderyasi.com/iste-turkiyenin-en-cok-konut-ureten-ve-satan-10-firmasi-7123h.htm
RANKING Ranked 7 December 2017 (reported; award event held 5 December 2017)
Real Estate Stars – Turkey’s Top 10 Companies by Number of Housing Sales, 2016
Fuzul Group was ranked 7th among Turkey’s ten companies with the highest number of housing sales in 2016.
Capital and Ekonomist magazines; supported by GYODER and the Turkish Contractors’ Association · https://www.insaatderyasi.com/iste-turkiyenin-en-cok-konut-ureten-ve-satan-10-firmasi-7123h.htm
MILESTONE 25 February 2021 (reported; event occurred in 2020)
Başakşehir Avrasya first-day sales record · Başakşehir Avrasya
A construction-industry publication reported that Fuzul Yapı sold 405 apartments in one day when Başakşehir Avrasya went on sale in 2020, describing it as a record.
MILESTONE Winner 7 April 2023 (reported)
Winner of Emlak Konut GYO’s Başakşehir Ayazma 4th Stage land-for-revenue-share tender · Başakşehir Ayazma 4th Stage
Fuzul GYO won the tender after submitting the highest offer among four participating firms, with a stated total sales-revenue bid of TL 4.125 billion; the project was described as planned future development, not completed delivery.

Risks

Auditor & credit ratings

1 agency
AuditorKARAR BAĞIMSIZ DENETİM VE DANIŞMANLIK A.Ş.
JCR Avrasya Derecelendirme A.Ş.A- (tr) long-term national institutional credit rating; J1 (tr) short-term national institutional credit rating stable outlook · 12.01.2026

Risk flags

4 found
REGULATORY 25 September 2024 (SPK decision); confirmed in the company’s 30 September 2025 general-meeting record
On September 25, 2024, the Capital Markets Board (SPK) imposed a TRY 1,944,578 administrative fine on Fuzul GYO after finding that proceeds from its public offering had been used outside the purposes stated in the prospectus, making the prospectus information on use of proceeds misleading; the 2025 general-meeting record confirms the company fine and says the board decided not to recourse the responsible directors.
DELIVERY DELAY Reported 31 July 2026; alleged revised delivery December 2026 or January 2027
A buyer complaint reported on 31 July 2026 alleges that Fuzul GYO’s Başakşehir Avrasya 3 project was represented as due for delivery in December 2025 or January 2026, but the buyer was later told in writing that delivery had moved to December 2026 or January 2027; this is a buyer allegation, and no resolution or company response was documented on the retrieved page.
DELIVERY DELAY Reported 26 August 2026; alleged construction start delayed from October 2025 to June 2026
A buyer complaint reported on 26 August 2026 alleges that construction of an Arnavutköy Fuzul Topraktan project, promised to start in October 2025, was repeatedly postponed and ultimately began only in June 2026; the complainant also alleges that the stated land-share percentage and cost terms later differed from the sales explanation, with no documented resolution on the retrieved page.
PROJECT CANCELLED 8 Temmuz 2025 (kaynak yayın tarihi ve bildirilen iptal tarihi)
İstanbul Avcılar–Firuzköy, İspartakule mevkiinde 624 ada 2, 3 ve 4 parseller üzerinde planlanan proje için Fuzul GYO’nun açıkladığı kat karşılığı inşaat sözleşmesi taraflarca karşılıklı olarak iptal edildi; bu kaynakta sonrasında yeniden başlatıldığına dair bilgi yer almıyor.

Record status

active
Coverageactive
Tracked sinceOctober 9, 2026
Last checkedOctober 9, 2026 this month
Profile last researchedOctober 9, 2026
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For informational purposes only. This information is not investment, financial or credit advice and should not be relied on for investment, lending or credit decisions. Records may be incomplete or outdated. Verify information independently and seek qualified advice before making a decision.