DEAR SHAREHOLDERS AND INVESTORS,

The transformation that Türkiye’s economy, and particularly Istanbul, has undergone in recent years is creating significant opportunities for real estate and strategic land investments.

At Garantialsat, we evaluate this transformation not only from the perspective of today’s market values, but also through a long-term investment perspective that takes into account the government’s investments in the region, major infrastructure and transportation projects, the expansion of logistics networks, growing trade volumes, and the emergence of new economic centers.

In particular, Istanbul Airport and its surrounding region are strengthening their strategic position within Türkiye’s international trade, transportation, logistics and investment network. The expansion of airport capacity, new transportation connections, road and rail infrastructure investments, the development of logistics facilities and other public investments in the region are not only improving accessibility, but are also contributing to the long-term economic potential of surrounding land assets.

From our perspective, land investment is not simply about today’s price per square meter.

True value lies in identifying the right location, at the right time, and investing with a clear understanding of the future development corridors.

For this reason, when evaluating land opportunities, particularly in and around Istanbul Airport, Çatalca and surrounding strategic investment areas, we consider not only existing infrastructure but also government-led transportation, logistics, industrial, commercial and infrastructure investments that are shaping the region’s future.

When major public investments reach a region, they can become important catalysts for improved accessibility, increased trade, expanding logistics activity and the emergence of new economic centers. We closely monitor how these developments may influence land use, regional demand and long-term investment potential.

At Garantialsat, we do not view land merely as a real estate asset; we see strategically located land in the future economic centers of Türkiye as a long-term investment opportunity.

With the experience we have accumulated since 2002, our strong capital structure and our long-term investment approach, we aim to provide our investors with more than the opportunities of today. Our objective is to identify the development areas and strategic investment corridors of tomorrow.

For high-value and long-term investors, we believe that a land investment should be evaluated through a comprehensive perspective that considers ownership structure, location, transportation connectivity, government investments, commercial development potential and possible future land-use scenarios.

We closely follow the long-term opportunities emerging along the development corridors of Istanbul’s European side, particularly in and around Istanbul Airport, where Türkiye’s growing logistics and international trade capacity is expected to create new economic opportunities.

Our vision goes far beyond short-term real estate transactions.

Our goal is to identify the right land in the right location and transform today’s strategic land opportunities into tomorrow’s long-term investment value.

As Garantialsat, we will continue focusing on strategic land investments in Türkiye’s rapidly developing economic centers, supported by our strong capital structure, extensive real estate experience and long-term vision.

We firmly believe that our company will continue to grow its expertise and international presence in real estate and investment, becoming a trusted investment brand that creates long-term value in Türkiye’s most strategic regions.

I would like to express my sincere appreciation to our shareholders and investors for their trust and confidence. I firmly believe that together, we will achieve even greater success.

Respectfully,

FATİH AY
Chairman of the Board
Garantialsat Gayrimenkul Yatırım A.Ş.
SINCE: 2002