Access Turkey Real Estate acquires majority stake in Tuzla Gayrimenkul, leading investor in logistics warehouse solutions.

Istanbul, 24 December 2009 – Access Turkey Real Estate, announced that it has increased its stake in Tuzla Gayrimenkul to 100%. Since April 2008 Access Turkey has been a minority investor in Tuzla Gayrimenkul, whose first investment is Logipark Tuzla.

Logipark Tuzla will be the first and largest modern logistic park in Turkey, with 121,000 sqm leasable area on a land of 250,000 sqm located in Tuzla, which is strategically one of the most important logistics centers in Istanbul, having easy access to highways, airport, sea route and ports.

The project is designed in compliance with the international logistics construction specifications, as a logistic park composed of 8 blocks (11 independent units) in various sizes (5,000 sqm to 25,000 sqm), only one-storey structure with elegant A class office spaces with heating and cooling systems.

Access Turkey Capital Group’s chairman Mr. Mustafa Say said: “We are very excited about this acquisition. Given the size, the location and the quality of Logipark Tuzla project, this investment firmly places us in the forefront of A class warehouse development business in Turkey. This will also expand AccessTurkey’s investment management horizon from hedge funds, venture capital and private equity to real estate development. As such it places AccessTurkey as truely the only investment house in Turkey that encompasses all four alternative investment classes under one roof.”

Access Turkey Real Estate was advised by Taboglu Law Firm.

First phase of Logipark Tuzla project will be completed in the second half of 2010.

Tuzla project construction work is continuing fastly. The first phase constituting A, B, C, D blocks and all the related infrastructure will be completed in the second half of 2010.