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29.09.2023

Akfen REIT Included in the BIST Sustainability Index

2 min

Continuing to enrich its portfolio through investments across various sectors of real estate, Akfen Real Estate Investment Trust’s (Akfen REIT) efforts towards corporate sustainability continue to gain recognition in diverse areas.

Accordingly, Akfen REIT will be included in the BIST Sustainability Index from October 1, 2023, due to its sustainable business practices and environmentally friendly projects, and its shares will begin trading on this index.

Having overcome a restructuring period since 2021 and consequently achieving an increase in revenues every term, Akfen Real Estate Investment Trust’s (Akfen REIT) efforts towards corporate sustainability continue to receive accolades in various domains.

Akfen REIT has been included in the Borsa Istanbul (BIST) Sustainability Index for companies with high sustainability performance, effective from October 1, 2023, thanks to its sustainable business practices and environmentally friendly projects.

Since its inception, Akfen REIT, leading the industry with its “Contemporary City Hotels” project and achieving a diverse portfolio including hotels, holiday villages, student dormitories, office and factory buildings, and residential projects over 16 years, has developed a sustainability strategy aimed at creating value for all stakeholders through sustainable, innovative, and environmentally friendly practices adopted in these projects.

A SUSTAINABILITY STRATEGY BASED NOT ONLY ON ENVIRONMENTAL BUT ALSO ON SOCIAL AND ECONOMIC GROUNDS

The company’s strategy, which provides not only environmental but also social, managerial, and economic sustainability benefits, emphasizes energy efficiency, water conservation, and waste management in its portfolio assets, as well as the sensitivity to carry forward the social and economic characteristics of the regions they are located in.

Projects like the Bodrum Loft Holiday Village, inspired by Bodrum’s millennia-old philosophy of life, and those still under development such as Söğütlüçeşme, Yalıkavak, and Kıyıkışlacık, are planned to bear this mark.

Moreover, the company, valuing social policies, offers comfortable living spaces in its Kütahya and Isparta student dormitories within its portfolio.

Akfen REIT’s General Manager, Sertac Karaağaoğlu, provided insight, stating, “As Akfen REIT, we demonstrate our commitment to building a sustainable future once again by being included in the BIST Sustainability Index. We proudly accept this development as a certification of our sustainable business practices and environmentally friendly projects. Akfen REIT will continue to move forward with firm steps towards creating a greener, more livable world for future generations and a sustainable management philosophy in every area we operate.”

 

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