HISTORY
Yesil Holding brings together publicly traded companies and affiliated subsidiaries in the fields of construction, energy, telecommunications, services, and production, based in Turkey and America.
In the construction sector, Yeşil Holding’s publicly traded affiliate, Yeşil GYO, is a portfolio management company established in 1997 to invest in real estate and real estate projects, having set many firsts in the industry with its focused structure. Yeşil GYO, whose shares have been traded on the Istanbul Stock Exchange since 1999, is a founding member of the Real Estate Investment Trust Association and the first and only REIT in Turkey to receive an institutional rating of 9.02 out of 10.
Yeşil GYO, which also includes Innovia—Turkey’s largest project with 14,000 housing units—aims to convert its portfolio into a rental income-indexed investment model for maximizing dividends in the new era, considering that the rental income covering housing investment in Turkey has reached levels comparable to Europe.
Since 2001, Yeşil İnşaat, the company that has delivered innovative projects creating a buzz in the construction sector, has delivered over 8,000 of the 14,000 housing units of Innovia, Turkey’s largest private sector project, and continues working rapidly to complete this major project. With the slogan “We don’t just build structures, we also build life into them!”, Yeşil İnşaat has executed branded projects in many different fields with a project approach that redefines international experiences and standards. In December 2012, Yeşil İnşaat was acquired by Yeşil Yapı, another publicly traded affiliate of the group, and restructured into a new entity.
Founded in 1979 and becoming the first construction company to go public on the Istanbul Stock Exchange in 1993, Yeşil Yapı signed its first international contract in the construction field in 1980. In addition to numerous projects in Turkey, Yeşil Yapı has completed many projects in Azerbaijan, Georgia, Russia, Lithuania, Bosnia, Libya, and Saudi Arabia, and has strategically focused on Africa and the Middle East.
Yeşil Holding, which has accelerated and intensified its investments in the energy sector, operates Ortadoğu Enerji that produces environmentally friendly energy. It owns Turkey’s largest landfill gas (LFG) energy production facility based on renewable energy sources at its Kemerburgaz Odayeri, Şile Kömürcüoda, and Kocaeli Solaklar sites. Since winning the tender for electricity generation from landfill gas launched by İstaç A.Ş., a subsidiary of the Istanbul Metropolitan Municipality, in 2007, it has continued its operations. In addition to its investments in wind energy, Ortadoğu Enerji is also pursuing geothermal energy projects to produce energy from underground sources.
Yeşil Holding primarily conducts its telecommunications investments in America. Through software developed by its own teams, it handles 10 billion minutes of calls per year and provides 16 million individual calls per day. Its first company in this sector, tel3.com, has been providing long-distance telephone services to end users since 1994. With Phonetime, whose shares are traded on the Toronto Stock Exchange (TSX), and Next Communications, which offers infrastructure services to mobile and fixed telecom operators, Yeşil Holding also provides infrastructure services between America and Mexico through Asiya Communicasiones, one of the 11 companies in Mexico holding a private telecom connection license.
Renco, one of the most significant indicators of the group’s innovation-based work approach, is the patent holder and supplier of composite products used in various sectors, primarily in the construction industry. Holding a priority position among the group’s non-public companies, Renco has over 20 years of experience in the design, research and development, and production of its products. It delivers services with the technical capability, expertise, and a “truly high-quality” approach that covers all phases—from the initial design, material selection, production, to assembly—internally.
The group’s newest company, Wowwo, launched in January 2017 as an innovative business concept that brought a fresh perspective to the sector. The system, a world first, enables the buying and selling of used vehicles via promissory note without using bank loans or similar financing methods. Wowwo, whose success trajectory has been rising every day, multiplied its turnover 100-fold within one year, achieving growth rate targets well beyond expectations. In the process, it has become a frequently mentioned name in the industry. With thousands of member galleries in 30 provinces and tens of thousands of vehicles in stock, Wowwo is Europe’s leading marketplace for used vehicles. With a professional team of hundreds, it provides the highest quality standards in every aspect from CRM to after-sales services to its customers and business partners.
For more detailed information about Yeşil Holding and its investments, please refer to the other sections of our website.
