Infrastructure, Construction, Real Estate

The working group continued its subject based activities in 2018 upon re-structuring in 2017.

In 2018, the Infrastructure, Construction and Real Estate Working Group created a joint agenda with the Retail Working Group in addition to works carried out for updating the position paper. YASED organized a meeting regarding certain articles of the Turkish Obligations Law No. 6098 that were delayed until 2020 and developed opinion letter regarding those articles. Following the enactment of the Law No. 6098 upon published in the Official Gazette dated 04.02.2011, the effective date of 9 articles regarding rental agreements were postponed until 01.07.2020. A decision was made to put postponed articles into effect automatically if no different legal regulation is made until expiry of the delay period.

A meeting with extensive participation was held on 5 July 2018 for the purpose of evaluating the effects of the postponed articles on landlords, tenants and real estate property agreements. The relevant articles were addressed in the meeting, actions to be taken were determined in order to clarify concerns of the international investors regarding the amendment requirements.

In addition, one of the important items on the agenda of the group was the Presidency Decree No. 85 on Amendment of the Communique on the Decree No. 32 on the Protection of the Value of Turkish Currency that was published in the Official Gazette in September 2018, which introduced restrictions on foreign currency agreements, and YASED actively contributed into the amendment of the Communique through its opinion letters prepared in line with the views of its member companies. YASED continued to its contribution by organizing a meeting held about the Communique with the participation of Hakan Ertürk, Director General of Financial Sector Relations and Exchange of the Ministry of Treasury and Finance, and and Özge Çal, Head of the Financial Sector Relations and Exchange department of the Ministry of Treasury and Finance.

WORKING GROUP MEMBERS:

Aareal Bank, Acwa Güç, Akzo Nobel, APM Terminalleri, Arup Mühendislik, Cengiz Makina, Chubb, Deloitte, DOW, DP World, Dupont, ECE Türkiye, Engie, EY, Garanti Bankası, Georg Fischer Hakan Plastik, Grundfos Pompa, Hafele Mobilya, Hill International, Klepierre Gayrimenkul, Knauf Insulation, KPMG, Kumport Liman Hizmetleri, Limak İskenderun, Magrabi, Mars Sinema, Mazars Denge, Metro, Nazalı (Andersen Tax&Legal), PwC,  Qatari Diar, Ravago, SGS Supervise, Shaya Kahve, Siemens Sanayi, Travelex, Türkiye Finans, Wilo Pompa, Yeni Elektrik (Unit Group)’i temsil eden üyelerden oluşmaktadır.

Please click to see the minutes of Infrastructure, Construction & Real Estate group meetings.

 

 

With contributions of Vodafone