GEBZE, KOCAELİ

S. 1

Istanbul E-5 Highway Front Commercially Zoned LandOffering MemorandumFor Sale | Investment Opportunity

GebzeGEBZE, KOCAELİ

S. 2COMMERCIALLY ZONED LAND | OFFERING MEMORANDUM

> INvEStMENt SuMMARYExecutive Summary ................................................................................................................... 4Photos of the Property ............................................................................................................. 5

> PROPERtY INfORMAtIONLocation ..................................................................................................................................... 10General information about the Property .................................................................................. 12Development Status .................................................................................................................. 12Ownership Information .............................................................................................................. 13Title Deed .... .............................................................................................................................. 14

> SALE PROCESSBuyer Proposal Requirements ................................................................................................ 16Sale Process Summary ...............................................................................................................17

Table of Contents

COLLIERS INTERNATIONAL TÜRKİYE


> Investment Summary


INvEStMENt SuMMARY

Seller

Pimaş Plastik İnşaat Malzemeleri A.Ş.

Exclusive Broker

Colliers International Turkey

Property

47.423m2 Zoned as Commercial

Address

Beylikbağı Mahallesi, Istanbul Caddesi (D-100 Yanyol), 1870 ada, 3 parsel Gebze/KOCAELI

Asking price

USD 30.000.000 - excl. V.A.T.

Timeline of purchase

• Non-binding offers are being sought during the whole marketing proccess of the Property until the Seller decides to enter into a sales agreement with one of the interested parties.

• Positive and negative replies to all submit-ted non-binding offers shall be given by the Seller no later that 4 weeks after the submis-sion.

• Letter of Intent shall be executed with the selected Buyer

• 2 weeks time is allowed for due diligence.

• Based on the positive result of due dili-gence, the sales transaction will be finalized between the Seller and the Buyer at the Title Deed Office.

Executive Summary


INvEStMENt SuMMARY

Photos of the Property

D-100 HIHGWAY

ENTERANCE OF THE PROPERTY


INvEStMENt SuMMARY



INvEStMENt SuMMARY



INvEStMENt SuMMARY




> Property Information


PROPERtY INfORMAtION

Municipal district of Gebze, according to the Address Based Population Registration System dated 2011, the district has a population of 314,122. Gebze is bordered with Izmit to the East, Istanbul to the West, Şile to the North and the Gulf of Izmit to the South and situated on a high plateau. The overall size of the district center is 10 km on the East-West axis and, 15 km on the North-South axis.

Gebze is situated 7 km to Marmara coastline, 49 km to Izmit and 45 km to Istanbul. It is situated 130 meters above the sea level. Gebze is located at an important junction where land, sea and railways intersect.

In addition to the major industrial associations, the district holds Gebze High Technology Institute. Darıca–Bayramoğlu, which is a secondary housing settlement area, is one of the important resorts of Gebze with its coastline and holiday housings. Ballıkayalar Natural Park, Darıca Bayramoğlu Bird Sanctuary can be stated among the natural beauties of the district.

The property is located on the D-100 (Istanbul-Izmit) highway route, and faces Istanbul Street that links Gebze Center to Osmangazi Industrial Zone and Yeni Bağdat Street. The property is accessible through Yeni Bağdat Street which is one of the main arteries of the region, D-100 and TEM highways.

Transportation from the Highway D-100:

Moving from Istanbul in the direction towards Izmit, after passing Tuzla, continue the road until the exit to Bayramoğlu. 100 meters after passing Bayramoğlu exit, turn right to Çayırova and continue onto the bridge. Continue to drive for 300 meters following Çayırova signs. After passing Fatih Tunnel, turn right to join Yeni Bağdat Street and proceed 400 meters, after the intersection turn right at the back door of Pimaş, passing by Kadırga Restaurant proceed 50 meters to reach the Main Entrance (front door) of Pimaş Factory Facility.

Location



Transportation from the Motorway TEM:

Coming from Istanbul make an exit from the highway through Şekerpınar tolls, proceed 2 km in the same direction. Con-tinue to drive further 200 m following Çayırova signs. After passing Fatih Tunnel, turn right to join Yeni Bağdat Street and proceed 400 meters, after the intersection turn right at the back door of Pimaş, passing by Kadırga Restaurant proceed 50 meters to reach the Main Entrance (front door) of Pimaş Factory Facility.

The distances from the property:

Gebze City Center ~ 6.0 km. TEM Highway ~ 5.0 km.Eskihisar Port (Ferry) ~ 8.2 km. Kocaeli City Center ~ 56.5 km.

The Development Potential in the Region:

Industrial development is the main characteristic of the region of the property. In the close vicinity of the property, espe-cially on Istanbul Street, there are 2-3 storey buildings that are currently used as manufacturing sites and storage facilities. Being a former industrial area, the infrastructure of the region has no problem. The property has high accessibility due to its proximity to major transportation corridors and link roads.

Gebze Municipality district of Kocaeli province has led to the development of the region. There are many innovative projects prepared by the Metropolitan Municipality and Gebze District Municipality. Due to its location Gebze district is the most dynamic region for the logistics and commercial activities. Additionally, many transportation projects supporting the region are anticipated. Initially, D-100 highway double road and paving works had been completed. The construction of the high-way and bridge, which will connect Istanbul to Bursa and Yalova through Gebze - Izmit route, currently continues.

In addition, the plans of the Metropolitan Municipality includes the extension of the Istanbul metro line, which will provide transportation to Sabiha Gökçen International Airport, to provide access to Gebze and Dilovası. In this regard, the project for the opening of Gebze station after Izmit station on the High Speed Train line linking to Marmaray is also on the agenda.

Following the completion of the mentioned projects that are in the construction and planning stage, the subject property will reach a much higher logistics value and accessibility. On the D-100 Highway and Istanbul Street route there are many well known buildings and locations among which Gebze Spot Shops Market, Kadırga Stopover Facility, Safaş, Feniş Techni-cal, Henkel Chemical Industry Factory and Çağdaş Dyeing Chemical Industries can be stated.



The subject property is 43,423 sqm land area located on block 1870, Lot 3. The plot is fully owned by Pimaş Plastik İnşaat Malzemeleri A.Ş. The subject lot holds the buildings of Pimaş Manufacturing facilities. The structures on the lot are generally old buildings made of reinforced concrete and masonry system.

1/1000 Ölçekli Uygulama İmar Planı

Zoning:

1/25,000 scaled Environmental Plan, 1/5,000 scaled Master Development Plan and 1/1,000 scaled Application Zoning Plan that cover the subject property, are available at Gebze Municipality Development Directorate.

Consequently, the property is subject to “2. Degree Commercial Area” and partially “Green Area” functions.

1/1,000 Plan Notes:Commercial Area: Commercial areas can hold all kind of trade activities, marketplace, office, office buildings, warehousing, banking, insurance, depart-ment stores and entertainment venues, housing, multi-storey vehicle park, private hospitals and private educational units. One or more different use may be located on the same lot. Private hospital or specialized training uses are required to use separate buildings (block) and are not allowed for another use within the building.

General Information about the Property



City KOCAELİDistrict: Gebze Bucağı Township: -Quarter: Osmanyılmaz Province: -Street: -Location: -Area: 47.423,00 m2

Block No - Lot No: Block no:1870, Lot no: 3Type of Property: Factory Building and LandOwner: Pimaş Plastik İnşaat Malzemeleri A.Ş. (1/1 Tam Hisse Oranı)

Apart from the production facilities that meet the requirements stated in sections 3.35 and 3.36, any manufacturing/storage facili-ties that are hazardous for the environmental health will not be allowed. The zoning status has a minimum 2,500 sqm lot area requirement for each block, with the exception of the stated blocks (Storey Height, FAR) on the plan. With the exception of the stated blocks (Storey Height, FAR) on the plan, after the allotment of all other 2,500 sqm parcels for all the blocks, the remaining plot will be unrestricted for construction development should the remaining plot area is between 1,500-2,500 sqm,. However, under no circumstances the parcels with an area less than 1,500 sqm will be permitted for construction.With the exception of the stated blocks (Storey Height, FAR) on the plan, the following 3 preferred development areas are identified with an approach on the diversity of use: I. Option: After the implementation of the zoning requirements, the use of the 0-30% of the total construction area for residential development FAR: 1.60 II. Option: After the implementation of the zoning requirements, the use of the 31-60% of the total construction area for residential development FAR: 1.40 III. Option: After the implementation of the zoning requirements, the full use of the total construction area for trade, shopping, lodg-ing, entertainment units with at least 10% of the area dedicated to sport activities, public libraries, lecture halls, museums, art gal-leries, auditoriums, exhibition and trade fair halls, cinemas and theaters, the ceremonial hall, social and cultural activities FAR: 2.00

Information About the Property:



Title Deed



> Sale Process


SALE PROCESS

Buyer Proposal RequirementsColliers International Turkey assists and is exclusive agent of the Seller for the purposes of marketing the Property and requesting offers for the purchase. Colliers International Turkey undertakes all marketing actions and takes care of the coordination of all comunication between the Seller and other parties.

Interested parties who receive this sales memorandum, are invited to submit their non-binding offers to Colliers International Turkey containing the following information:

• Purchasing company information;• Purchase price for the offered Property;• Additional conditions or contingencies;• Conformance to timing presented in this Memorandum

Offer Terms:

• The asking sales price is not inclusive of any transaction costs incurred by the buyer;• The asking sales price is not inclusive of any other taxes, fees;

The Seller reserves the right to accept or deny any offers at its’ full discretion.


SALE PROCESS

Sale Process SummaryThe timeline and the process specification applicable for each Buyer are stipulated below:

• Colliers International Turkey will conduct the marketing process, during which will introduce the Property to all potential buyers.

• Colliers will coordinate the communications between interested parties and the Seller.

• Interested parties will be asked to submit a non-binding offer to Colliers International Turkey.

• The Seller, at its sole discretion, reserves the right to accept or deny any offer.

• The Seller, at its sole discretion, reserves the right to accept or deny any offer; in all cases the Seller shall inform the Buyer about his decision no later than within one month after submitting of a non-binding offer by the Buyer.

• In case of an agreement with a buyer the parties shall sign a letter of intent (LOI).

• The Buyer shall complete due diligence no later than within 2 weeks after signing of the LOI.

• Based on the positive result of due diligence, the sales transaction will be finalized between the Seller and the Buyer at the Title Deed Office.


SALE PROCESS

CONFIDENTIAlITY & DIsClAImER sTATEmENT

This document has been prepared by Colliers International for advertising and general information only. Colliers International does not guarantee, warrant or represent that the information contained in this document is correct. Any interested party should undertake their own enquires as to the accuracy of the information. Colliers International excludes unequivocally all inferred or implied terms, conditions and warranties arising out of this document and excludes all liability for loss and damage arising therefrom. © 2015 Colliers International Turkey

For reasons of confidentiality with respect to this sale offering, we ask that all interest bedirected only to the persons listed below who are responsible for this instruction on behalf ofthe Seller. For the avoidance of doubt, Colliers International | Turkey is representing the Seller

exclusively for the purposes of this Property offering.

Please, submit your offers to:

Tuğba [email protected]

Colliers International Türkiye:Büyükdere Cad. No: 10834394 Esentepe, İstanbultel: +90.212.288.62.62fax: +90.212.347.07.94

Documents

GEBZE, KOCAELİ