National and project development companies founded business operations started in Istanbul on September 1.
Essen-based corporation HOCHTIEF Solutions AG has founded two companies in Turkey.
As the parent, the national company HOCHTIEF Insaat Hizmetleri A.S. (HOCHTIEF Construction Services, a joint stock corporation in accordance with Turkish law) will in future have the function of a holding company, the same as the German HOCHTIEF Solutions AG, while HOCHTIEF Gayrimenkul Gelistirme Ltd. Sti. (HOCHTIEF Real Estate Development, a limited company in accordance with Turkish law) will be engaged in operational project development business.
The parent company will be run by the Executive Board members Rainer Eichholz (Chairman), Dr. Christoph Husmann and Peter Noack. The Managing Directors of the project development company are Peter Noack (spokesman), Ogeday Cuhudar and Sebastian Junghänel. The activities of HOCHTIEF Gayrimenkul Gelistirme Ltd. Sti. will initially focus on Istanbul and the office real estate market segment.