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Portfolio
Well-diversified and unique global real estate portfolio at 3 key geographies North America, Europe, United Kingdom
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United Kingdom
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North America
Willowdaile
Willowdaile
Durham, North Carolina
Multifamily Rental

Location:  Durham, North Carolina
Type of asset:  Multifamily rental
Investment date:  July 2023

Willowdaile

Located at the heart of the rapidly developing "The Research Triangle" in Durham, 201 unit multifamily community provides tenants with the opportunity to rent for a significant discount while still only being about 10 minutes from downtown

Savannah
Savannah
Savannah, Georgia
Multifamily Rental

Location:  Savannah, Georgia
Type of asset:  Multifamily rental
Investment date:  June 2023

Savannah

256 unit Class A multifamily community built in 2015 with clear value add potential, situated in one of Savannah’s premier suburban markets with high average household incomes and strong access to lifestyle retail and major job centers

Aurora
Aurora
Charlotte, North Carolina
Multifamily Rental

Location:  Charlotte, North Carolina
Type of asset:  Multifamily rental
Investment date:  August 2022

 

Aurora

486 unit community within Plaza Midwood region transforming from a working class area to a more upscale neighborhood, appealing to a diverse renter base through units ranging from 550 sq ft to 1,250 sq ft

 
Central Pointe
Central Pointe
Charlotte, North Carolina
Multifamily Rental

Location:  Charlotte, North Carolina
Type of asset:  Multifamily rental
Investment date:  August 2022

 

Central Pointe

336 unit community near Eastland Mall redevelopment which will improve the region significantly in near future through new apartments, offices, retail, green spaces, public plazas and sports facilities

Keystone Prescott
Keystone Prescott
Prescott, Arizona
Single Family Rental Development

Location:  Prescott, Arizona
Type of asset:  Single Family Rental Development
Investment date:  November 2021

 

Keystone Prescott

One of the first single family rental projects in the undersupplied Prescott region located on the north of Phoenix

Keystone Gilbert
Keystone Gilbert
Gilbert, Arizona
Single Family Rental Development

Location:  Gilbert, Arizona
Type of asset:  Single Family Rental Development
Investment date:  November 2021

 

Keystone Gilbert

Attractive development project zoned for 120 units, being one of the last remaining residential land plots in Gilbert, Phoenix

Vista Starkville
Vista Starkville
Starkville, Mississippi
Student Housing

Location:  Starkville, Mississippi
Type of asset:  Student Housing
Investment date:  October 2021

 

Vista Starkville

The newest student housing asset in Mississippi State University market adjacent to university campus, restaurants and entertainment

The Jamison
The Jamison
Orlando, Florida
Multifamily Rental

Location:  Orlando, Florida
Type of asset:  Multifamily rental
Investment date:  February 2021

 

The Jamison

Core quality garden multifamily residential asset built in 2020

 
Alignvest Student Housing
Alignvest Student Housing
Canada (multiple locations)
Student Housing Platform

Location:  Canada (multiple locations)

Type of asset:  Student housing platform

Investment date:  March 2019

 

Alignvest Student Housing

Canadian purpose built student housing platform consisting of 8 assets across Canada

551 Madison Avenue
551 Madison Avenue
Manhattan, New York
Office

Location:  Manhattan, New York

Type of asset:  Office

Investment date:  November 2016

 

551 Madison Avenue

A historic office building refurbished in 2006 & 2016, located in Midtown Manhattan near Central Park

 
75 Nassau Street
75 Nassau Street
Manhattan, New York
Development Land

Location:  Manhattan, New York

Type of asset:  Development land

Investment date:  April 2014

 

75 Nassau Street

Development land located in Financial District, Lower Manhattan with 30k sqm developable right

 
Caxton Building
Caxton Building
Manhattan, New York
Office

Location:  Manhattan, New York

Type of asset:  Office

Investment date:  February 2014

Caxton Building

Office building in 28th Street, the heart of New York's coveted Chelsea neighborhood

Hyatt House
Hyatt House
Manhattan, New York
Hotel

Location:  Manhattan, New York

Type of asset:  Hotel

Investment date:  February 2011

 

Hyatt House

Manhattan’s first Hyatt House, located at 815 Avenue of the Americas, in the heart of the emerging “Silicon Alley”

United Kingdom
Quay
Quay
Edinburgh, Scotland
Office

Location:  Edinburgh, Scotland

Asset type:  Office

Investment date:  January 2023

Quay

Consisting of 3 buildings, office complex has been let to 14 tenants including strong credit companies such as Apple, Bloomberg, The Financial Conduct Authority, and Cushman & Wakefield

Tower Bridge Court
Tower Bridge Court
London, England
Office

Location:  London, England

Asset type:  Office

Investment date:  June 2018

Tower Bridge Court

Closest building to the iconic Tower Bridge, will be one of the most sustainable buildings in London upon completion of development in 2023

Westgate Retail & Leisure Park
Westgate Retail & Leisure Park
Wakefield, England
Retail Park

Location:  Wakefield, England

Asset type:  Retail park

Inevstment date:  September 2016

Westgate Retail & Leisure Park

Dominant bulky goods retail park located in 14 km south east of Leeds

Fitzroy House
Fitzroy House
London, England
Office

Location: London, England

Asset type: Office

Invsetment date: November 2015

Fitzroy House

A medium size office building in London's popular Fitzrovia region

Summit House
Summit House
London, England
Office

Location:  London, England

Asset type:  Office

Investment date:  June 2013

Summit House

A historic building in Holborn, fully refurbished in 2018 to receive BREEAM certificate, let entirely to The Office Group for the next 18 years

12 Stanhope Gate
12 Stanhope Gate
London, England
Office

Location:  London, England

Asset type:  Office

Investment date:  December 2009

12 Stanhope Gate

The first investment in the portfolio, a small office building with 2 residential units on top, located near Hyde Park in Mayfair

Europe
IPE Jettingen
IPE Jettingen
Jettingen, Germany
Light Industrial

Location:  Jettingen, Germany

Asset type:  Light industrial

Investment date:  April 2021

IPE Jettingen

First investment within German industrial & logistics platform (IPE)

Located near Ulm with direct access to Autobahn-A8

Let entirely to ventilation technology manufacturer AL-KO Therm

Brainport Industries Campus
Brainport Industries Campus
Eindhoven, Netherlands
Tech Campus

Location:  Eindhoven, Netherlands

Asset type:  Tech Campus

Investment date:  September 2020

Brainport Industries Campus

An international tech campus where top technology companies, high-tech manufacturers, educational institutions, local authorities and high quality facilities are united under a single roof in the Brainport region

 
Berlin Light
Berlin Light
Berlin, Germany
Office

Location:  Berlin, Germany

Asset type:  Office

Investment date:  December 2019

Berlin Light

A landmark building as a former light bulb factory located in Wedding, Berlin, transformed into a multi-let office building

Redevco Portfolio
Redevco Portfolio
Netherlands & Belgium
Retail portfolio

Location:  Netherlands & Belgium

Asset type:  Retail portfolio

Investment date:  April 2015

Redevco Portfolio

3 remaining retail assets of an originally 12 asset portfolio consisting of supermarket, retail & logistics assets in Germany, Netherlands & Belgium

Selected Exits
Amazon Longbow
Amazon Longbow
Phoenix
Arizona
Phoenix, Arizona
Phoenix, Arizona

A newly constructed warehouse in Phoenix let to Amazon for 12 years on net lease basis providing exceptional access to metropolitan Phoenix area and greater California region


Location:  Phoenix, Arizona

Type of asset:  Logistics

Investment date:  December 2020

Exit date:  May 2022

 
15 Fetter Lane
15 Fetter Lane
London
United Kingdom
London, United Kingdom
London, United Kingdom

A multi-let office building of late 1960s construction, substantially refurbished in 2017, centrally located in London between Midtown & City markets


Location:  London, England

Type of asset:  Office

Investment date:  April 2019

Exit date:  March 2022

 
Luneta Portfolio
Luneta Portfolio
Germany
Multiple Cities
Germany, Multiple Cities
Germany, Multiple Cities

Real estate portfolio consisting of 9 office buildings and 1 retail store in Germany.

The portfolio was purchased at an affordable price due to short rental terms. The strategy was to extend the lease terms, complete the renovation works, collect regular rental income for a while and sell the portfolio under more favorable market conditions. Rental profiles were developed with lease extensions and new leases in 3 offices. Renovation works were completed as planned. First, 2 assets were sold individually after a high increase in value. After 2.5 years, the remaining 8 assets were sold as a portfolio. It delivered 22% IRR and 1.6x return on capital on underlying investment.


Location:  Multiple Cities in Germany

Type of asset:  Office & Retail mixed

Investment date:  March 2017

Exit date:  December 2019

 
Swan
Swan
Den Haag
Netherlands
Den Haag, Netherlands
Den Haag, Netherlands

Newly constructed 20-storey modern office building in the central business district of Den Haag.

It was purchased at an affordable price as it was the seller's last investment in the city. In the first 9 months, the occupancy rate was increased from 86% to 100%. Rental and investment conditions began to improve rapidly in Den Haag. The rapid stabilization of both the building and the area led to the decision to sell early. After the first year, the building was sold after a closed sales process. Provided 51% IRR and 1.5x return on capital on underlying investment


Location:  Den Haag, Netherlands

Type of asset:  Office

Investment date:  December 2017

Exit date:  December 2018

 
Kensington
Kensington
London
United Kingdom
London, United Kingdom
London, United Kingdom

Four adjacent buildings located opposite Kensington High Street tube station, housing retail shops on the ground floor and residential flats on the upper floors.


Buildings were purchased at affordable prices with the strategy of converting unused spaces above retail stores into residential flats

Necessary permits were obtained for the conversion of the upper sections into residential buildings and contracts were extended with retail tenants.

After 3.8 years, it was sold as a residential development opportunity with permits obtained.

Provided 16% IRR and 1.7x return on capital on underlying investment

Investment Committee
ALİ SABANCI
Chairperson Esas Holding

Ali Sabancı is Member of the Board of Pegasus Airlines and vice chairperson of Mars Sportif which are part of the Esas Private Equity portfolio. He also serves on the board of Esas Properties.

Ali is one of the co-founders of Esas Social, which was established to facilitate sustainable social investment. He focuses on increasing awareness of entrepreneurship in Turkey. As the president of the Young Entrepreneurs Board in the Union of Chambers and Commodity Exchanges of Turkey (TOBB), he has led successful projects including Angel Investing Legislation, Global Entrepreneurship Congress, G3 Forum, Global Entrepreneurship Week and TIM Innovation Week - Born Global. He is also an angel investor in more than 25 start-up companies.

Ali is a member of the Turkish American Business Association and the Turkish Family Business Association. In 2018 he was awarded the Légion d'Honneur by the French government for his contributions to economic relations between Turkey and France.

Ali Sabancı earned his M.B.A. degree with a major in International Finance from Columbia Business School and B.A. degree in Politics and Economics from Tufts University.

KAZIM KÖSEOĞLU
Member of the Board Esas Holding

Kazım Köseoğlu is the Managing Partner of Esas Real Estate and serves on its investment committee. Also a board member at Esas Holding.

He currently chairs UK network group of Tüsiad (Turkish Industry & Business Association).

Previously, Kazım worked as an investment analyst at F&C REIT Asset Management.

Kazım Köseoğlu earned his M.S. degree in International Finance and Banking from Cass Business School and B.S. degree in Business Economics from Brown University.

H. ÇAĞATAY ÖZDOĞRU
Member of the Board & CEO Esas Holding

Çağatay Özdoğru oversees all of Esas’ business segments including real estate, private equity, venture capital and wealth management, and serves on their investment committees. He is a board member of Esas Properties and various private equity portfolio companies including Pegasus Airlines, Mars Athletic, Korozo and Ayakkabı Dünyası.

Çağatay joined Esas Holding in 2005 as an executive board member. He played a major role in establishing Esas Private Equity where he served as CEO since 2010, until transitioning to his current role in 2019. He led a number of Esas’ private equity investments and exits of various portfolio companies including UN Ro-Ro, Mars Cinema Group and Peyman.

Previously, Çağatay was the president of IT & Telecommunications Investments at Sabancı Holding. Prior to that, he held various positions at France Telecom Group, where he last served as the executive vice president of the REEMEA region. He was also a member of the Global Operating Committee.

In 2020, Çağatay was appointed as the chairman of Turkey - France Business Council at DEIK (Foreign Economic Relations Council) and Independent Board Member of Fenerbahçe Football A.S in 2021. Çağatay is also a member of the Board of Directors at Tüsiad, Turkish Business & Industry Association as of April 2022. Previously, he served as the chairman of Turkey - Sweden Business Council and Turkey - Croatia Business Council, and board member of TBV (Turkey IT Foundation) and TUBISAD (Turkey IT Industry Association).

Çağatay Özdoğru earned his M.S. degree in Electrical Engineering from George Washington University, where he received the Hall of Fame Award for Alumni in 2016, and B.S. degree in Electronics and Telecommunications Engineering from Istanbul Technical University.

ERNEST BOLES
Investment Committee Member

Ernest Boles has enjoyed an international career in investment, finance and law spanning more than three decades. 

For the past 12 years, Ernest has been a senior executive within the Harald Quandt Group, a leading German investment firm established by the heirs of Harald Quandt, a prominent German industrial family.  During his tenure in the Group, Ernest has served in various senior roles, including CEO of HQ Capital, the Group’s private equity and real estate investment business, Chairman of the Supervisory Board of HQ Trust, the Group’s multi-family office and investment management business and Co-managing Director of Harald Quandt Holding, the Group’s dedicated single-family office.

Ernest currently acts as Vice Chairman of HQ Capital and serves as a standing member of the investment committees of the private equity and real estate investment businesses.  Ernest also acts on various non-affiliated boards, including as a member of the Board of Directors for esas Holding, as a member of the Investment Committee of Beiersdorf AG and as a member of the Executive Committee of the Frankfurt International School Foundation. 

Prior to joining the Harald Quandt Group in 2007, Ernest held senior positions in leading global financial institutions, including serving as CEO of Bank Morgan Stanley AG, Zurich, as the MD responsible for the non-discretionary investment program within Morgan Stanley’s London-based Wealth Management Division for EMEA and as CIO for Citi’s London-based Wealth Management Business in Europe.  Prior to his career in banking, Ernest practiced international tax law with Milbank Tweed Hadley & McCloy in New York, where he is admitted to the bar.  A former Fulbright Scholar, Ernest earned a Dr. jur degree from the Ludwig Maximilian University of Munich and a JD from the University of Kansas, where he was a member of the Law Review.  Ernest is a frequent speaker at global conferences and events focusing on investments in alternative assets.

ROBERT ORR
Investment Committee Member

Robert Orr is a seasoned senior adviser and non-executive director with experience from a variety of roles in the public and private real estate sectors, including Chair and NED roles.

29 years with JLL Inc., the leading global property services firm, including 7 years as CEO EMEA and 4 years as MD of JLL’s International Capital Group, a client-facing, global business team with 12 employees located in the 5 key regions of the world, tasked to develop cross-border relationships with key investors.

Corporate Finance experience developed through 6 years as Senior Adviser with Canaccord Genuity’s Investment Banking practice and a leadership role in a complex, multi-cultural merger of a European partnership with a US firm and serving on the Main Board of the resultant NYSE-listed company, JLL Inc. 40 years of international general management and client relationship experience, including 11 years based in Germany and four years in France.

Principal external appointments

  • Chairman of Tritax Eurobox Plc
  • Non-Executive Director of M&G European Property Fund SICAV
  • Non-Executive Manager of M&G Real Estate Funds Management S.a.r.l.
  • Non-Executive Director of the Advisory Board of APCOA Parking Holdings GmbH
  • Member of the Investment Advisory Committees of EQT Real Estate
  • Senior Adviser to Blue Coast Capital (Lewis Trust Group)

Significant previous external experience

  • JLL Inc.’s European Chief Executive Officer
  • Non-Executive Director of RDI REIT P.L.C.
  • Non-Executive Director of Tishman Speyer Properties UK Limited
  • Senior Advisor to Canaccord Genuity Limited
Team
KAZIM KÖSEOĞLU
Member of the Board Esas Holding

Kazım Köseoğlu is the Managing Partner of Esas Real Estate and serves on its investment committee. Also a board member at Esas Holding.

He currently chairs UK network group of Tüsiad (Turkish Industry & Business Association).

Previously, Kazım worked as an investment analyst at F&C REIT Asset Management.

Kazım Köseoğlu earned his M.S. degree in International Finance and Banking from Cass Business School and B.S. degree in Business Economics from Brown University.

FEHMİ DURUAY
Director

Fehmi Duruay is a Senior Manager in the Turkish Private Equity team.

Since joining Esas in 2011 as an Investment Analyst, Fehmi has worked on real estate investments in Turkey, Europe and the USA, as well as Turkish PE investments. Previously, he worked for Türkiye Sinai Kalkınma Bankası as a Financial Analyst, where he focused on project finance and M&A transactions.

Mr. Duruay received his B.A. degree in Business Administration from Boğaziçi University and holds an M.S. degree in Finance from Koç University.

Fehmi Duruay served on the UN Ro-Ro deal team until exit and is part of the Ayakkabı Dünyası deal team.

ÇAĞLAR GÜLTEKIN
Senior Associate

Çağlar is a Senior Associate in Esas Real Estate team.

Prior to joining Esas in 2019, Çağlar started his career as a Management Trainee at the private equity arm of Ünlü & Co, where he later became an Investment Banking Analyst and worked on M&A projects.

Çağlar received his B.A. degree in Business Administration from Boğaziçi University.

YEKTA AYAZ
Associate

Yekta is an Associate in Esas Real Estate team.

Prior to joining Esas in 2022, Yekta started his career as a Project Finance Analyst at Zorlu Energy.

Yekta received his B.S. degree in Civil Engineering from Boğaziçi University.