BACKGROUND
Over 15 years ago, Zeki Yigit and his family have started to redevelop and manage distressed real estate assets on behalf of banks. After a few years the family began to purchase some of these properties for their own account. Initially to resell them, but over time, to keep them and building up their own portfolio.

In total, the family transacted over 10.000 units. Being the eldest of five brothers, Zeki Yigit formed Suryoyo Holding GmbH in 2009, consolidating all operative and property companies under one roof. The key success factor of their model was and still is that all activities along the value chain, from planning to re-(construction) to letting and management are done in-house and hence form a fiscal unity, which result in a highly competitive product.

Four main lessons led to the decision to form solidare real estate holding plc:

  1. The smaller the unit size, the heigher the realive rent that can be achieved
  2. Investments in micro-apartments are very profitable, since the cost/income-ratio per m² is substantially better than with regular sized apartments
  3. Micro-Apartments belong to the infrastructure segment of a country and not to regular living
  4. The fast growing market consists of many small, but only a few large participants
solidare real estate holding GmbH
Kaiserswerther Straße 253
D-40474 Düsseldorf
E-Mail: info(at)@solidare.de
Web: www.solidare.de
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