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Company Profile
March 2015
L’Atelier of Development Provoca've, sophis'cated and 'meless...
Kronos Development is a bou=que development and investment management company with a vast experience in Turkey, Kazakhstan and Dubai. Kronos will enable you to u=lize over 23 years of exper=se in Property Development, Retail, Real-‐Estate & Theme Park Investments, and Private Equity Sectors using equity and instruments like Sukuk Ic'ara and Corporate Bonds. The company was founded in 2011 by Samim Ha=poglu who is well known in the property industry at Turkey, GCC and CIS. Our ethical and moral values has been always above doing more business. Our main focus has always been genera=ng crea=ve solu=ons, trust and delivery. We source, acquire and develop real estate opportuni=es throughout the investment life-‐cycle to deliver aVrac=ve return for investors and end users. Our project sales division has a porXolio of projects around USD 500M to cater to local and interna=onal buyers that are seeking good returns and trusted projects. Over 1.5 million square meters of residen=al sales, half a million square meters of retail development, half a million square meters of mixed-‐use development in excess of USD 8.5bn in investment value has been achieved during the professional and private career of the founder of the group: Mr. Mustafa Samim Ha=poglu. The Ritz Carlton Hotel and Residences, Alkent Istanbul 2000 Master Planned Development, Khan Shatyr Shopping and Entertainment Center, Rixos Suits and Residences in Istanbul, Brooklyn Park Istanbul has been benchmarks in the industry. He took part in the posi=oning of Rixos Theme Park in Antalya, Istanbul Interna=onal Finance Center and Master Planning of Halicarnasus City project.
Our Investment Approach
Fee based Development Management Target investment returns take account of the risk profile of each investment and are focused on achieving 18%-‐25% IRR (or beVer) for bulk investors (post-‐tax). We work with selected corporate partners (including developers) chosen for each market sector to acquire and manage a wide range of investments. Project Sales We op=mize the returns of developers by managing the income side of property development projects with our own team. Residen=al developments with communal retail is our specialty. Kronos currently has the largest track record in the industry among project sales organiza=ons Our team consist of highly experienced professionals that go up the ladder in our own organiza=on. We also specialize in offering projects to interna=onal clients through our own porXolio and strong agents in the GCC and the CIS region.
KRONOS Development Track Record
Project: Fuaye Süreyyapaşa, Istanbul, Turkey Sector: ResidenJal Gated Community Value: USD 200M Role: Project Sales & Brand Management Principal Investor: Yılmaz İnşaat & KİPTAŞ Descrip=on: This 90.000 m2 gated community that consisted of 628 units, 2 social clubs was fully sold and a communal retail of 5.000 m2 was rented at a very fast pace. Year: 2011 Kronos Members: Samim Ha=poglu par=cipated from the incep=on of the project managing the brand crea=on, architectural coordina=on and Cihan Konuş acted as Project Sales Manager
Project: Future Park, Istanbul, Turkey Sector: ResidenJal Community & Mall Value: USD 250M Role: Brand Crea=on, Sales Office Setup & Partly Project Sales Management Principal Investor: Hiper Gayrimenkul & Miran Yapı Descrip=on: Generated the concept for the largest sales complex in Turkey with a Museum of Real Estate Development. Ini=ated the project sales efforts. Year: 2012 Kronos Members: Samim Ha=poglu managing the brand crea=on, architectural coordina=on and Ebru Akyol acted as the first Project Sales Manager
Project: Vera Residences, Istanbul, Turkey Sector: ResidenJal Value: USD 40M Role: Project Sales Management Principal Investor: Di Yapı Descrip=on: The project consisted of 220 Residences in one of the fastest growing area of Istanbul at Kağıthane region. The model residence complex is considered in the market as one of the most innova=ve concepts. Year: 2013 Kronos Members: Samim Ha=poglu managed the model residence complex and Ebru Akyol acted as the Project Sales Manager
The senior management of Kronos Development played pivotal role in the development of high profile investments in Turkey Kazakhstan and Dubai partnering with world-‐wide dis=nguished players.
KRONOS Development Track Record
Project: Brooklyn Park, Istanbul, Turkey Sector: Mid-‐Rise ResidenJal Value: USD 150M Role: Project Sales & Marke=ng Management Principal Investor: Pana Yapı & Selimoğlu Descrip=on: This project is considered a fine example of Urban Redevelopment in Turkey. There is 725 Residences, a social club and 10 shops. It is sold at an op=mum pace. Year: 2014 Kronos Members: Samim Ha=poglu par=cipated in the development of the marke=ng programme for the project, managed the adver=sing campaign featuring Yeni Fikirtepe no=on. Burcu Gülhan acts as Project Sales Manager
Project: Çengelköy Park, Istanbul, Turkey Sector: ResidenJal Villas and Townhouses Value: USD 250M Role: Project Sales Management Principal Investor: Selimoğlu & Demirland Descrip=on: Took over the project sales office and managed to enter into lucra=ve GCC market for these beau=ful villas overlooking Bosphorus. Year: 2014 Kronos Members: Samim Ha=poglu managing the interna=onaliza=on of the Çengelköy brand and Cihan Konuş acted as the Project Sales Manager.
Project: Safahat Konakları, Istanbul, Turkey Sector: Low-‐Rise ResidenJal Value: Confiden=al Role: Project Development Management Principal Investor: Pana Yapı Descrip=on: The project is at the incuba=on phase. It shall be an exemplary urban development scheme that will include low rise residences, recrea=on complex and communal retail. Year: 2015 Kronos Members: Samim Ha=poglu seeking alterna=ve financial models for this huge project.
Prior Professional Track Record of Samim HaJpoğlu
Project: Alkent Istanbul 2000, Turkey Sector: Master Planned ResidenJal Community Value: USD 500M Role: Project Sales & Marke=ng Management Principal Investor: Alarko Holdings Descrip=on: First of its kind project in 7 phases on 8 million sqms of land in Buyukçekmece. Awarded project of the year by Mobius Founda=on, Best Model Home by NAHB in Houston and Catalogue of the year by London Adver=sing Society. Year 1995 Kronos Members: Samim Ha=poglu was the sales manager of the project as a professional, did architectural coordina=on and managed the development plan..
Project: SaklıBahçe Mansions, Istanbul, Turkey Sector: ResidenJal Luxury Villas Value: USD 100M Role: Development & Sales Management Principal Investor: Mesa – Nurol -‐ Süzer Descrip=on: One of the most desirable projects in Istanbul. The President of Republic of Turkey resides in this project. Year: 2000 Kronos Members: Samim Ha=poglu was the member of the execu=ve commiVee for the development.
Project: Residences at the Ritz Carlton, Istanbul Sector: Mixed-‐Use Tower Value: USD 1B Role: Project Development Management Principal Investor: Süzer Holdings Descrip=on: The project is the first interna=onally branded residen=al tower in Turkey with a Ritz Carlton Hotel, high-‐end offices and a shopping complex. It achieved the highest prices in residen=al sector at Istanbul. Year: 2001 Kronos Members: Samim Ha=poglu was the deputy GM for the investor.
Prior Professional Track Record of Samim HaJpoğlu
Project: Khan Shatyr, Astana, Kazakhstan Sector: Shopping and Entertainment Center Value: USD 300M Role: Retail Development, Leasing and Architectural Coordina=on Principal Investor: FTG Development & Coalco Descrip=on: The largest tent in the world with 60.000 sqm of retail and entertainment complex designed by Lord Norman Foster and featured in Na=onal Geographics Channel. Year 2006 Kronos Members: Samim Ha=poglu was the CEO of the project as semi-‐professional, did architectural coordina=on and managed the development plan.
Project: Rixos Elysium Suits, Taksim, Istanbul, Turkey Sector: Hotel Condominium Value: USD 100M Role: Branding & Sales Management Principal Investor: OFTON Yapı & FTG Descrip=on: First of its kind development in Turkey where hotel rooms are being sold with income guarantee. Year 2010 Kronos Members: Samim Ha=poglu was the CEO of FTG development and managed the contractual process with OFTON Yapı and project sales. The launch of the project with celebri=es event was a huge success.
Project: Rixos Bomonty, Istanbul, Turkey Sector: Branded High Rise ResidenJal Value: USD 200M Role: Branding & Sales Management Principal Investor: IPEK Çakırkaya & FTG Descrip=on: Very desirable project with 40 storeys. Value added by branding was over 40%. Year: 2009 Kronos Members: Samim Ha=poglu was the CEO of FTG development and managed the branding process and project sales.
Other Professional Track Record of Samim HaJpoğlu
Project: Borabay Lakes, Kazakhstan Sector: Master Development Value: USD 2.5B Role: Partnering Process, New Market Introduc=on, Architectural Coordina=on, Acquiring Land and Zoning Principal Investor: Limitless Proper=es Dubai & FTG Development Descrip=on: Enacted the forma=on of Joint Venture for the master development of the largest planned resort zone in Kazakhstan. Created a unique master plan with Civic Art from UK, acquired land and applied for zoning. Year: 2008 Kronos Members: Samim Ha=poglu was the CEO of the FTG Development as semi-‐professional.
Project: Rixos Residences at Palm Jumeriah, Dubai, U.A.E. Sector: Hotel Condominium Value: USD 130M Role: Branding & Project Incep=on Principal Investor: Al FaVan Proper=es & FTG Development Descrip=on: Pres=gious mixed-‐use project where the residence sec=on consists of 112 flats, offering various op=ons such as 2-‐3 bedroom residences as well as 4-‐5 bedroom detached villas with gardens. Year 2011 Kronos Members: Samim Ha=poglu was the CEO of FTG development and managed the contractual process with Al FaVan Proper=es of Dubai.
Project: Khan Shatyr Residences, Astana, Kazakhstan Sector: Branded Mid-‐Rise ResidenJal Value: USD 150M Role: Fee Based Development, Forma=on of Tax Efficient Structure Principal Investor: DEYAAR Proper=es Dubai & FTG Development Descrip=on: Introduced the Kazakh Property Market to Dubai Developer, managed the agreements process and formed the structure. Year: 2007 Kronos Members: Samim Ha=poglu was the CEO of FTG development and managed the process which involved complex financial transac=ons.
The Kronos Team
Eng. Samim HaJpoğlu, M.S. Managing Director & Founder Key Role: Investor Rela=ons, Agreements,Development Process Execu=on of Project Sales & Marke=ng He was born in 1966 at Istanbul. Axer gradua=ng from Istanbul German High School & Bosporus University Mechanical Engineering, he did his masters in Portland State University Engineering Management Program. He started his professional career in 1992 at Alarko Holding's Treasury & corporate finance department. Then at the same group he has joined property development group as marke=ng & sales manager. He had worked at Alarko =ll 1999. He has par=cipated in the IPO & road show of Turkey's first REIT (ALARKO Real Estate Investment Trust). Then he has worked in World Trade Center Istanbul project at EGS REIT and SUZER Real Estate company in The Residences at the Ritz Carlton project. In 2002 he went to Sydney, Australia to con=nue his career in the interna=onal property development arena and worked in several projects (Bramson Beach Resort & Rex Apartments). In 2005 he joined Yapı Merkezi as General Coordinator to lead the highest residen=al tower in Istanbul, Şişli Plaza and Arkeon Residen=al Complex. In 2006 he was the founding partner of FTG Development. FTG has developed world famous Khan Shatyr Shopping and Entertainment Complex in Kazakhstan, Residences at the Khan Shatyr, managed expansion of Rixos Suits and Residences in Istanbul, acquired francize of Debenhams from UK and MUDO of Turkey, formed Property Management joint venture with Bilfinger Berger, enabled a partnership with GL Events of France and many other projects. In 2011 he has started to develop under its own brand which is Kronos Development. Fuaye Sureyyapaşa, G Plus, Future Park Istanbul, Vera Residences developments were past projects. Currently Brooklyn Park Istanbul, Çengelköy Park and Safahat Konakları are his ac=ve residen=al projects.
Burcu Gülhan Sales Director Key Role: Customer Rela=ons, Sales Agreements, Project Sales Management She has started with Kronos Team in 2011 at Fuaye SüreyyaPaşa project at Recep=on and Customer Rela=ons department. She moved very fast in her career and became sales agent in the same project. Axerwards she moved to Newada project for the same role. Currently she is the sales director of Brooklyn Park Project managing the sales team in Fikirtepe, Istanbul.
Cihan Konuş Senior Sales Director Key Role: Customer Rela=ons, Sales Agreements, Project Sales & Marke=ng He has started with Kronos Team in 2011 at Fuaye SüreyyaPaşa project as Sales Agent. He moved very fast in her career and became sales director in the same project. Axerwards he moved to Çengelköy Park project for the same role. He managed the sales team and pres=gious sales complex.
Kronos involvement throughout the Investment Cycle
Press Cu`ngs
Key Role in the internaJonalizaJon of Turkish Property Sector
Time Line Road Show of the first REIT in Turkey at US & Europe for Alarko Holdings – 1996 Introduc=on of American Master Planner RNM for Alkent Istanbul 2000 Project – 1997 Crea=on of investment vehicle for Yapı Merkezi with Shamil Bank of Saudi Arabia – 2005 Partnering with BFG Group of Switzerland for Galatasaray Stadium Conversion Project, was the first runner up with USD 155 M bid -‐ 2007 Block Sale of 5 Luxury Residences to Afgan Ambassador in Rixos Elysium Project, Taksim – 2010 Introduc=on of Turkish Property Market in Büyükçekmece to HSA Conglomerate of Yemen – 2011 Innova=ve offering of home-‐offices to Russian Oligarchs and Arab Investor in Rixos Execu=ve Apartments – 2011 Enabling the market entry of Al Fozan Group of KSA to Istanbul and Bodrum Proper=es – 2012 Largest Block Sale of USD 200M Towers to SHK Ehsaan Abdul Jawad of Saudi Arabia in Maslak 1453 project -‐2013 Block Sale of USD 25M villas to FAWAZ Al Hokair Group of KSA in Mandarin Oriental Project at Bodrum – 2013 Offering and closing of most valuable land in Bosporus, ex-‐Carlton Hotel site to Saudi Group of Investors at USD 160M – 2013 Market entry for Çengelköy Park Project in Dubai Cityscape fair to the huge GCC market and closing of sales to retail occupiers -‐ 2014 Partnering nego=a=ons for major developer from GCC and Pana Group for project size USD 1.5B -‐ 2015
Services Scope
Notes:
Paid Capital: 1.000.000 TL
