Turcas’ portfolio investments support the objective of generating sustainable returns while enhancing risk management through a diversified asset base across geographies and sectors.

In August 2025, Turcas Petrol’s corporate name was changed to “Turcas Holding A.Ş.”, and it expanded the scope of activities set out in its articles of association. Through this transformation, Turcas adopted a holding structure capable of operating not only in the petroleum and energy sectors, but also in real estate development, tourism, venture capital, technology, and other potential investment areas in both domestic and international markets.

Following the transition, Turcas International Holding A.Ş. was established as a 100% owned subsidiary in October 2025. By the end of 2025, the company completed its first international real estate investment in the U.S.

In this context, through our 100% subsidiary, Turcas USA 1, LLC, a USD 7 million investment was made in the high-end residential development project, 242 East 71st Street, in Manhattan, New York, resulting in a 12.5% equity stake in the project company, based in the U.S. The total investment volume of this project, carried out in collaboration with Avdoo Group, one of New York’s leading development companies, stands at USD 224 million.

In addition to its strategic investments, Turcas also makes portfolio investments with the aim of diversifying its asset base, hedging against risks, and enhancing the overall return performance of its investment portfolio. To this end, an investment of EUR 1.1 million was made in the BEK Ventures Digital East Fund II.