New Subsidiary THY Real Estate Investment Services Launched with ₺2.5 Billion Capital
Turkish Airlines (THY) has completed the establishment of its new subsidiary, THY Real Estate Investment Services Company, with a capital of ₺2.5 billion. The company will manage various investment projects as a wholly-owned subsidiary of Turkish Airlines.
In a statement on the Public Disclosure Platform (KAP), Turkish Airlines detailed the new development:
“Following our announcement on July 5, 2024, regarding the formation of a company to oversee our various investment projects through a subsidiary, the establishment of ‘Real Estate Investment Services Company’ has been completed. The company was officially registered with the Istanbul Trade Registry Office on July 24, 2024.”
This strategic move is part of Turkish Airlines’ broader effort to diversify its investment portfolio and enhance its financial stability by leveraging opportunities in the real estate sector.
Source: Trthaber / Prepared by Irem Yildiz