The best construction companies in Turkey

What are the best construction companies in Turkey?

Over the past three decades or a little more, Turkey has experienced an unprecedented real estate boom. During this period, a group of Turkish construction and contracting companies managed to build a strong reputation among property developers, with some extending their influence internationally beyond Turkey’s borders by accomplishing massive construction achievements in several European countries.

Today, the number of such companies continues to grow, each leaving its own unique mark on the Turkish market. However, we cannot overlook the distinction of some Turkish construction and contracting companies that consistently prove to be among the most successful contributors to highly skilled and quality urban projects.

This article discusses 10 of the most important Turkish contracting and construction companies, highlighting some of their completed projects and other key information.

1. The government construction company TOKI

This is a Turkish government agency responsible for building housing and infrastructure, established in 1984.

The Housing Development Administration (TOKİ) in Turkey aims to find solutions to urban housing problems in the country. In line with Turkish government programs, TOKİ has been tasked since 2002 with focusing on developing mass housing projects for low- and middle-income groups.

TOKI, with its rapid housing production practices, aims to meet 5 to 10% of Turkey’s housing needs, prioritizing low-income groups in the social housing program, especially those who cannot own a residential unit under current market conditions.

Additionally, TOKI undertakes disaster management, restructuring projects, agricultural village projects, migrant housing, restoration of buildings of historical and cultural significance, and housing for victims of wars and disasters.

Statistics show that from 2002 until June 2022, the production of 1,082,645 housing units began in 81 Turkish provinces, across 5,075 construction sites. Of the produced housing units, 922,938 (86.92%) were residential, with 1,060,047 units sold and 853,280 units delivered.

2. Emlak Konut Company

Emlak Konut began its journey in 1953 and is a well-established brand in the construction sector in Turkey.

The company’s vision is to create modern, environmentally friendly cities that add comfort to people’s lives, making Emlak Konut the architect of several innovations in the sector.

Emlak Konut has completed projects that are exemplary in terms of quality, leaving a mark in building some of the most creative cities of their time.

This steady growth led to a turning point in Emlak Konut’s journey when it became a real estate investment trust in 2002. This transformation marked the launch of major mega-projects, with the company completing a total of 216 large-scale projects of various sizes since 2003.

Emlak Konut has strengthened its position among the strongest companies in Turkey, with a paid-in capital of 3.8 billion Turkish lira and total assets of 46.9 billion Turkish lira as of December 31, 2022.

Emlak Konut is considered an important partner of the state in its real estate achievements, due to the type of partnership between the Turkish government and the company.

3. Sur Yapi Company

Sur Yapi began its real estate activities in 1992 by implementing many prestigious and successful projects, thus acquiring a leading identity in the sector. Today, Sur Yapi’s achievements exceed 7.5 million square meters of construction since its establishment.

Sur Yapi has implemented dozens of branded housing projects, which is its main area of work. The company also undertakes contracting works on a turnkey basis, in addition to producing office and commercial shopping center projects and managing residential sites.

Since its inception, Sur Yapi has completed 127 different projects, including several residential projects in Istanbul and Bursa, such as: Greenium Villas, Villa Sera, Silivri Homes, Dora Park, Istanbul Neighborhood, Adapark, Metro Garden, Exen Istanbul, Corridor Residence, Tilia, Idilia, Vitrin, Marka Residence, İlk Bahar, İlk Bahar 2, Mirage Residence, Gul Bahce Homes, Lavender, City Residences, Bahceyaka, Tempo City, Topkapi Homes, Yesil Mavi, Excellence Kosuyolu.

Additionally, Sur Yapi has planned and constructed administrative centers for major national and international companies.

Among Sur Yapi’s shopping center projects: Axis Mall in Kağıthane, Istanbul (2013), Metro Garden Shopping Center in Ümraniye (2014), Istanbul Axis Shopping Center (2015), and Sur Yapi Marka Shopping Center in Nilüfer, Bursa (2017).

Sur Yapi also invests in renewable energy and owns the largest model urban transformation project in Turkey, located in Antalya, among many other achievements.

4. KIPTAŞ Company

KİPTAŞ was established in 1987 under the name İMAR WEIDLEPLAN to prepare zoning plans and architectural projects with joint foreign and local capital. The company later changed its name on March 8, 1995, to Konut İmar Plan Sanayi ve Ticaret A.Ş., undergoing a complete restructuring.

KİPTAŞ has built more than 80,000 housing units in various parts of Istanbul within its project scope, in addition to its activities in urban transformation, real estate development, and consultancy services.

With its new management, which took over in August 2019, KİPTAŞ defined its vision as providing a good life for everyone by producing affordable projects suitable for all income groups.

The company has taken on an active role in urban transformation, offering technical and financial guarantees to Istanbul residents wishing to convert their old, risky buildings into modern ones. In this context, it launched the platform: Istanbul Renewals.

5. Ihlas Yapi Company

Ihlas Yapi began its operations in Turkey in 1990, executing many successful construction projects, especially mass housing projects, commercial centers, high-end regular stores, educational complexes, hospitals, printing facilities, radio and television studios, various types of villas, tourist resorts, and more.

According to Ihlas Yapi’s official website, the company has completed the construction of 15,878 apartments, 134 villas, and other projects, with a total area of 2,961,193 square meters.

Some of Ihlas Yapi’s most important real estate projects include: Ihlas Yapi, Ihlas Yuva, Marmara Evleri, Bizim Evler, Armutlu Holiday Village, Ihlas Holding. Hospitals: Türkiye Highspaper. Schools: Ihlas High School Marmara Education Campus, Bahçelievler Educational Campus.

All these projects were designed under the supervision of the company’s engineers and constructed using its own financial resources and equipment.

6. Artaş Company

Artaş Holding was founded in 1977 by Süleyman Çetinsaya. The company has been operating in real estate, retail, and tourism for over 45 years and has recently entered the industrial sector. Its total completed construction area has reached nearly 10 million square meters.

Artaş has always been a role model with its projects that provide a high-quality lifestyle, beautiful landscapes, and luxurious social facilities, maintaining customer satisfaction through early delivery schedules and after-sales support, as well as successful project management.

Artaş Holding has produced a total of 35,000 residential units under the brands Avrupa Konutları, Tema İstanbul, and Vadistanbul.

The company has also been involved in large commercial projects and tourism facilities, such as shopping centers and hotels, producing a total of 6 shopping centers and 10 hotel projects in cooperation with global brands like Radisson and Mövenpick, in addition to its other efforts in industrial buildings.

7. Gül İnşaat Company

Gül İnşaat is one of the leading companies in the construction sector, with over 30 years of experience and architectural aesthetics that suit the city through its projects in Istanbul since its founding.

Gül İnşaat has focused on developing luxury housing projects, business centers, and shopping malls, with a pioneering vision in the construction sector, quality services, and creating environmentally friendly living spaces with natural views.

Examples of Gül İnşaat’s urban projects include: Rose Marine, Rose Marine Residence, Avcılar Park, Güneşli Gül İnşaat, Skyport, İş Batı, and Kavaklı Konakları.

8. Keleşoğlu Holding Company

Keleşoğlu Holding was established in 1979 with the aim of producing high-quality projects and has completed more than 33 projects in this field.

In addition to developing residential projects, shopping centers, and commercial projects in central locations of major cities, Keleşoğlu Holding has produced a total of 2,510,000 square meters of residential and commercial areas since its establishment.

Some of Keleşoğlu Holding’s most prominent construction achievements include: Capacity, Pelican Mall, Historia Fatih, Flyinn, Metroport, Koru Florya, Vadistanbul, Pelican Hill, Ataköy Mansions, Arketip, and Yalın Evler, several of which have won international awards.

9. Sinpaş Company

Sinpaş Holding is one of the major companies with an innovative perspective, continuing its strong business presence in Turkey with 33 successful companies in real estate development, industry, services, finance, and energy.

Sinpaş REIT stands out as the main holding company, developing high-quality living spaces that harmonize with nature and the environment, adding value to the areas where its projects are located.

Thanks to Sinpaş’s unique projects and numerous awards, Sinpaş REIT has succeeded in growing its brand and financial identity, with real estate sales exceeding 100,000 properties to date.

Sinpaş Holding is one of the most established companies in Turkey, with a journey that began with strong faith half a century ago.

In addition to its construction contributions in several European cities, such as Frankfurt, Germany, Sinpaş stands out as the first technical manufacturer of porcelain production in Turkey.

10. Babacan Yapi Company

Babacan Yapi, a subsidiary of Babacan Holding, has been providing services in the construction sector since 2002, offering innovative and high-quality building solutions.

Since 2002, Babacan Yapi has built more than 4,000 high-end branded residential units, according to its official website.

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Edited by: Imtilak Real Estate©