Savur REIT raises 1.08B liras in Istanbul IPO

Savur REIT raises 1.08B liras in Istanbul IPO

Savur REIT Completes 1.08 Billion Lira IPO on Istanbul Stock Exchange
On February 28, 2026, Savur Real Estate Investment Trust (REIT) successfully concluded its initial public offering (IPO), raising 1.08 billion Turkish liras through the issuance of 180 million shares at an offer price of 6 TL per share. The offering, managed by a consortium of underwriters, achieved a subscription rate of 98.7%, reflecting strong investor demand across both institutional and retail segments.

Savur REIT, established in 2020, specializes in commercial real estate, with a portfolio comprising office buildings, retail spaces, and logistics facilities across major Turkish cities, including Istanbul, Ankara, and Izmir. The company reported total assets under management of approximately 2.3 billion TL as of December 2025. Proceeds from the IPO will be allocated to fund new property acquisitions, repay existing debt, and enhance operational liquidity.

The offering marks the largest REIT IPO in Turkey since 2022 and underscores growing investor confidence in the real estate sector amid stabilizing market conditions. Analysts note that Savur's diversified portfolio and focus on high-demand sectors such as logistics position it to benefit from long-term economic trends.

The shares began trading on the Istanbul Stock Exchange (ISE) on March 3, 2026, under the ticker symbol "SAVUR.REIT." According to the company's prospectus, the IPO is part of a broader strategy to enhance transparency and expand capital access in alignment with ISE listing requirements.

Savur REIT's management emphasized that the capital raise will support its goal of achieving a 15% annual dividend yield for shareholders over the next three years, contingent on portfolio performance and market conditions.

This development adds a new asset class option for Turkish investors seeking exposure to institutional-grade real estate, while also reflecting broader trends of market liberalization in Turkey's capital markets.

[引用越界:1]: Reference to official IPO documentation and company announcements.