Vakif GYO stock: Vakif GYO unveils TRY 12.6 billion Izmir project for Vakif GYO stock

Published on 10/24/2026 at 00:07 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Vakif GYO targets 611 Izmir units for delivery in October 2029. For Vakif GYO stock, the project includes 386 offices and 174 homes.

Project scale and delivery plan

Vakif GYO presented a TRY 12.6 billion VYeniKonak project on October 2, 2026.
VYeniKonak includes 611 units and is scheduled for delivery in October 2029.
Vakif GYO had a TRY 7.4 billion market capitalization on September 25, 2026.

Vakif GYO, TRAVKGYO91Q3, Illustration mit AI erstellt.

Vakif GYO (ISIN TRAVKGYO91Q3) is developing the TRY 12.6 billion VYeniKonak project in Izmir, with 611 independent units planned across offices, homes and commercial space. Capital reported the launch on October 2, 2026, with delivery scheduled for October 2029.

Three milestones shape the story

The project follows a sequence of company events. On October 26, 2025, Simply Wall St listed third-quarter 2025 revenue of TRY 535.4 million and net income of TRY 10.6 million. On March 25, 2026, the same source reported an annual dividend of TRY 0.1020 per share, payable on June 26, 2026. The October 2, 2026 VYeniKonak presentation then added a TRY 12.6 billion development project.

What does the project change?

The headline figure is development value, not recognized revenue. IT Boltwise compared the project with a market capitalization of TRY 7.44 billion on September 25, 2026. The project value was therefore 69.35 percent above that market value, while the latest quarterly figures cited by the outlet showed revenue of TRY 296.295 million and net income of TRY 157.569 million. For investors, the key distinction is timing: construction began on March 13, 2026, whereas cash realization depends on sales, financing and completion milestones.

Delivery date sets the timetable

VYeniKonak is planned for delivery in October 2029. The complex covers about 17,703 square meters of land and approximately 130,000 square meters of construction area, with 386 offices, 174 homes and 51 commercial units. Its mix gives Vakif GYO exposure to several property segments, but the multi-year schedule also leaves execution and demand as central valuation variables.

Stock context remains dated

The stock closed at TRY 1.69 on Borsa Istanbul on September 25, 2026, while the cited 52-week range ran from TRY 1.67 to TRY 2.53. The same source put market capitalization at TRY 7.44 billion. Those figures provide the latest dated market context for a company whose new development pipeline is larger than its quoted equity value.