Vakif GYO relocates head office: what it means for Vakif GYO stock

Published on 10/14/2026 at 07:28 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Vakif GYO moved on October 13, 2026. Vakif GYO stock is valued at TRY 7.30 billion beside a TRY 12.60 billion Izmir project.

Company moves and project scale

Vakif GYO's Istanbul headquarters move was registered on October 13, 2026, alongside a TRY 7.30 billion market value.
The VYeniKonak project carries an investment volume of TRY 12.60 billion and includes 611 units.
Vakif GYO reported TRY 296.295 million in quarterly sales and TRY 157.569 million in net income in its latest reported quarter.

Vakif GYO, TRAVKGYO91Q3, Illustration mit AI erstellt.

Vakif GYO relocated its head office to Istanbul's financial center, with the move registered on October 13, 2026. TipRanks reports that the company completed the move within Istanbul's Umraniye district, shifting its corporate address to Finanskent at the Istanbul Financial Center.

Three milestones shape the story

On October 6, 2026, Vakif GYO was associated with the VYeniKonak development in Izmir, an investment project valued at TRY 12.60 billion. IT BOLTWISE says the project includes 611 independent units on a 17,703 square meter site, with handover planned for October 2029.

The project scale is larger than the market value cited for the company. TipRanks lists current market capitalization at TRY 7.30 billion as of October 13, 2026, while the Izmir development carries an investment volume of TRY 12.60 billion.

What does the project mean?

The figures separate development volume from reported operating performance. The TRY 12.60 billion project value is not revenue, and its financial effect depends on construction progress, financing, sales and delivery over several years.

Recent figures and future date

Investing.com reports that Vakif GYO's latest reported quarter produced TRY 296.295 million in sales, TRY 157.569 million in net income and earnings per share of TRY 0.040. The previous quarter showed TRY 414.716 million in sales and TRY 183.358 million in net income, so quarterly sales fell by TRY 118.421 million and net income declined by TRY 25.789 million.

The next concrete project milestone is the planned handover in October 2029. That date gives the market a long execution horizon for judging whether the development volume converts into revenue and earnings.